Financial Instruments (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
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| Disclosure of detailed information about financial instruments [abstract] |
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| Summary of Information About Exposure To Credit Risk and ECLs For Trade Receivables and Contract Assets |
The following table provides information about the exposure to credit risk and ECLs for trade receivables and contract assets as of March 31, 2026 and 2025:
|
|
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|
|
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|
|
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|
Gross carrying
amount |
|
|
Loss
allowance |
|
|
Credit-
impaired |
|
|
US$’000 |
|
|
US$’000 |
|
|
|
As of March 31, 2026 (Successor) |
|
|
|
|
|
|
|
|
Current |
|
|
13,231 |
|
|
|
— |
|
|
No |
≤30 days past due |
|
|
2,607 |
|
|
|
— |
|
|
No |
31 – 60 days past due |
|
|
2,283 |
|
|
|
— |
|
|
No |
61 – 90 days past due |
|
|
2,517 |
|
|
|
— |
|
|
No |
≥91 days past due |
|
|
92 |
|
|
|
— |
|
|
No |
|
|
|
20,730 |
|
|
|
— |
|
|
|
Credit impaired |
|
|
|
|
|
|
|
|
Individually impaired |
|
|
43 |
|
|
|
43 |
|
|
Yes |
|
|
|
20,687 |
|
|
|
43 |
|
|
|
As of March 31, 2025 (Successor) |
|
|
|
|
|
|
|
|
Current |
|
|
8,773 |
|
|
|
— |
|
|
No |
≤30 days past due |
|
|
4,626 |
|
|
|
— |
|
|
No |
31 – 60 days past due |
|
|
306 |
|
|
|
— |
|
|
No |
61 – 90 days past due |
|
|
8 |
|
|
|
— |
|
|
No |
≥91 days past due |
|
|
861 |
|
|
|
— |
|
|
No |
|
|
|
14,574 |
|
|
|
— |
|
|
|
Credit impaired |
|
|
|
|
|
|
|
|
Individually impaired |
|
|
124 |
|
|
|
124 |
|
|
Yes |
|
|
|
14,450 |
|
|
|
124 |
|
|
|
|
| Summary of Allowance for Impairment in Respect of Trade Receivables and Contract Assets |
The movement in the allowance for impairment in respect of trade receivables and contract assets during the year was as follows:
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|
Successor |
|
|
Successor |
|
|
|
For the
year ended
March 31,
2026 |
|
|
For the
year ended
March 31,
2025 |
|
|
|
US$’000 |
|
|
US$’000 |
|
At beginning of period |
|
|
124 |
|
|
|
3 |
|
Impairment loss recognized |
|
|
43 |
|
|
|
121 |
|
Write-off |
|
|
(37 |
) |
|
|
— |
|
Reversal of impairment |
|
|
(87 |
) |
|
|
— |
|
At end of period |
|
|
43 |
|
|
|
124 |
|
|
| Summary of Contractual Maturities of Financial Liabilities |
The following are the remaining contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements:
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ending March 31, |
|
2027 |
|
|
2028 |
|
|
2029 |
|
|
2030 |
|
|
2031 |
|
|
Thereafter |
|
|
Total |
|
2026 |
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and other payables |
|
|
27,355 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,355 |
|
Lease obligation |
|
|
1,650 |
|
|
|
837 |
|
|
|
529 |
|
|
|
506 |
|
|
|
506 |
|
|
|
4,289 |
|
|
|
8,317 |
|
Total contractual obligations |
|
|
29,005 |
|
|
|
837 |
|
|
|
529 |
|
|
|
506 |
|
|
|
506 |
|
|
|
4,289 |
|
|
|
35,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ending March 31, |
|
2026 |
|
|
2027 |
|
|
2028 |
|
|
2029 |
|
|
2030 |
|
|
Thereafter |
|
|
Total |
|
2025 |
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and other payables |
|
|
15,070 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,070 |
|
Lease obligation |
|
|
1,489 |
|
|
|
1,342 |
|
|
|
747 |
|
|
|
522 |
|
|
|
506 |
|
|
|
4,790 |
|
|
|
9,396 |
|
Total contractual obligations |
|
|
16,559 |
|
|
|
1,342 |
|
|
|
747 |
|
|
|
522 |
|
|
|
506 |
|
|
|
4,790 |
|
|
|
24,466 |
|
|
| Summary of Foreign Currency Exposure |
The foreign currency exposure in IDR is as follows based on notional amounts:
|
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|
|
|
|
|
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|
Successor |
|
|
Successor |
|
|
|
As of
March 31,
2026 |
|
|
As of
March 31,
2025 |
|
|
|
US$’000 |
|
|
US$’000 |
|
Trade receivables |
|
|
1,465 |
|
|
|
1,377 |
|
Cash and cash equivalents |
|
|
7,047 |
|
|
|
5,709 |
|
Trade payables |
|
|
(1,569 |
) |
|
|
(725 |
) |
Net exposure |
|
|
6,943 |
|
|
|
6,361 |
|
|
| Summary of Effect of Changes in Foreign Exchange Rates |
A reasonably possible strengthening (weakening) of the US dollar, as indicated below, against the IDR at March 31, and a possible strengthening (weakening) of the local non-USD functional currencies against the USD, would have increased and (decreased) profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecasted sales and purchases.
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|
Successor |
|
|
Successor |
|
|
|
As of
March 31,
2026 |
|
|
As of
March 31,
2025 |
|
|
|
US$’000 |
|
|
US$’000 |
|
March 31 |
|
|
|
|
|
|
USD (10% strengthening) |
|
|
(612 |
) |
|
|
59 |
|
IDR (10% strengthening) |
|
|
(739 |
) |
|
|
(636 |
) |
|
|
|
|
|
|
|
March 31 |
|
|
|
|
|
|
USD (10% weakening) |
|
|
612 |
|
|
|
(59 |
) |
IDR (10% weakening) |
|
|
739 |
|
|
|
636 |
|
|
| Summary of Categories of Financial Instruments |
The carrying amounts of each of the categories of financial instruments as at the end of the financial years are as follows:
|
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|
|
|
|
|
|
|
Successor |
|
|
Successor |
|
|
|
As of
March 31,
2026 |
|
|
As of
March 31,
2025 |
|
|
|
US$’000 |
|
|
US$’000 |
|
Financial assets at amortized cost |
|
|
|
|
|
|
Trade receivables and other assets* |
|
|
19,975 |
|
|
|
14,201 |
|
Cash and cash equivalents |
|
|
151,985 |
|
|
|
72,950 |
|
|
|
|
171,960 |
|
|
|
87,151 |
|
|
|
|
|
|
|
|
Financial liabilities at amortized cost |
|
|
|
|
|
|
Trade and other payables |
|
|
27,355 |
|
|
|
15,070 |
|
Lease liabilities |
|
|
6,441 |
|
|
|
7,283 |
|
|
|
|
33,796 |
|
|
|
22,353 |
|
* Excluding prepayments, goods and services tax receivable, net and deferred offering costs.
|
| Summary of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis |
Fair value - hierarchy
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|
As at March 31, 2026 |
|
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Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
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|
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|
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|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial liabilities - Underwriters' warrants |
|
|
- |
|
|
|
- |
|
|
|
88 |
|
|
|
88 |
|
The following three levels of inputs are used to measure the fair value presented above:
|