Leases as lessee The Group leases several assets including an office building and IT equipment. The average lease term for buildings is 5 years and for IT equipment is 3 years. Information about leases for which the Group is a lessee is presented below. The Group leases a building and IT equipment which is a short term and/or leases of low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases. The Group’s commitment for short-term leases at March 31, 2026 is not material. Right-of-use assets | | | | | | | | | Land & | | IT | | | | | buildings | | equipment | | Total | | | $’000 | | $’000 | | $’000 | Cost | | | | | | | At 1 October 2025 | | 1,100 | | 79 | | 1,179 | Additions | | 1,556 | | — | | 1,556 | Modifications | | 21 | | — | | 21 | Disposals | | — | | — | | — | Foreign exchange on translation | | (2) | | — | | (2) | At 31 March 2026 | | 2,675 | | 79 | | 2,754 | Depreciation | | | | | | | At 1 October 2025 | | (558) | | (26) | | (584) | Charge | | (361) | | (17) | | (378) | Disposals | | — | | — | | — | Foreign exchange on translation | | (1) | | (20) | | (21) | At 31 March 2026 | | (920) | | (63) | | (983) | Net Book Value | | | | | | | At 31 March 2025 | | 542 | | 53 | | 595 | At 31 March 2026 | | 1,755 | | 16 | | 1,771 |
Lease liability | | | | | | | 31 March | | 30 September | | | 2026 | | 2025 | | | $’000 | | $’000 | Current liabilities | | | | | Lease liabilities | | 1,032 | | 265 | | | | | | Non-current liabilities | | | | | Lease liabilities | | 1,140 | | 454 | | | 2,172 | | 719 |
Amounts recognised in profit or loss | | | | | | | 31 March | | 31 March | | | 2026 | | 2025 | | | $’000 | | $’000 | Depreciation expense on right of use assets | | 378 | | 148 | Interest on lease liabilities | | 46 | | 26 | Total | | 424 | | 174 |
Amounts recognised in statement of cash flows | | | | | | | 31 March | | 31 March | | | 2026 | | 2025 | | | $’000 | | $’000 | | | | | | Total cash outflow for leases | | 468 | | 174 |
|