| Cash flow information |
Cash flow information | | | | | | | | | | | | | | | | | | | (in U.S. dollars, in thousands) | As of June 30, | | (a) Reconciliation of cash and cash equivalents | 2026 | | 2025 | | 2024 | | Cash at bank | 47,390 | | | 161,158 | | | 62,563 | | | Deposits at call | 55,524 | | | 393 | | | 397 | | | 102,914 | | | 161,551 | | | 62,960 | | | | | | | | | (in U.S. dollars, in thousands) | For the year ended June 30, | | (b) Reconciliation of net cash flows used in operations with loss after income tax | 2026 | | 2025 | | 2024 | | Loss for the period | (57,500) | | | (102,142) | | | (87,956) | | | Add/(deduct) net loss for non-cash items as follows: | | | | | | | Finance costs | 23,709 | | | 22,901 | | | 22,792 | | | Equity settled share-based payment | 14,873 | | | 22,088 | | | 5,870 | | | Remeasurement of contingent consideration | (12,057) | | | 14,887 | | | 9,693 | | | Depreciation and amortization | 8,585 | | | 6,400 | | | 4,666 | | | Other costs of finance classified as financing activities | 2,724 | | | — | | | — | | | Disposal of acquired licenses | 1,360 | | | — | | | — | | | Foreign exchange (gains)/losses | (1,160) | | | 23 | | | 78 | | | Remeasurement of warrant liabilities | (859) | | | 4,962 | | | (779) | | | Gain on derecognition of lease | (388) | | | — | | | — | | | Loss on derecognition of sublease | 85 | | | — | | | — | | | Deferred tax benefit | 613 | | | 330 | | | (191) | | | Restructure of short-term incentive | — | | | 6,711 | | | — | | | Adjustment for pre-launch inventory | — | | | (23,072) | | | — | | | Change in operating assets and liabilities: | | | | | | | (Increase)/decrease in trade and other receivables | (42,826) | | | 5,021 | | | (15,466) | | | (Increase)/decrease in inventory | (6,022) | | | 826 | | | — | | | (Increase)/decrease in prepayments | (2,875) | | | (3,018) | | | 807 | | | Increase/(decrease) in trade and other payables | 25,687 | | | 11,780 | | | (12,378) | | | Increase/(decrease) in provisions | 2,221 | | | (18,919) | | | 22,916 | | | Decrease/(increase) in tax assets | — | | | 1,268 | | | 1,490 | | | Net cash outflows used in operations | (43,830) | | | (49,954) | | | (48,458) | |
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