Note 22. Finance leases The Group has finance leases that are material to the consolidated financial statements and has provided the related disclosures below. The Group also has operating leases for office space that are not material. The following table shows the right-of-use assets and lease liabilities as of June 30, 2026 and June 30, 2025: | | | | | | | | | | | | | (in USD thousands) | June 30, 2026 | | June 30, 2025 | | Right-of-use assets: | | | | | Finance leases | $ | 273,662 | | | $ | — | | | Total right-of-use assets | $ | 273,662 | | | $ | — | | | | | | | Lease liabilities: | | | | | Finance leases - Current | $ | 125,340 | | | $ | — | | | Finance leases - Non current | 118,456 | | | — | | | Total lease liabilities | $ | 243,796 | | | $ | — | |
The Group’s lease costs are comprised of the following: | | | | | | | | | | | | | | | | | | | Years ended June 30, | | (in USD thousands) | 2026 | | 2025 | | 2024 | | Finance lease cost: | | | | | | | Amortization of ROU asset | $ | 27,312 | | | $ | — | | | $ | — | | | Interest on lease liabilities | 12,322 | | | — | | | — | | | Impairment charge on ROU asset | 874 | | | — | | | — | | | Total lease expense | $ | 40,508 | | | $ | — | | | $ | — | |
The following table presents supplemental lease information: | | | | | | | | | | | | | | | | | | | | | | | Years ended June 30, | | (in USD thousands) | | 2026 | | 2025 | | 2024 | | Operating cash flows — interest paid | | $ | 11,315 | | | $ | — | | | $ | — | | | Investing cash flows — lease deposits paid | | $ | 10,184 | | | $ | — | | | $ | — | | | Financing cash flows — principal repaid | | $ | 48,876 | | | $ | — | | | $ | — | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | Years ended June 30, | | | 2026 | | 2025 | | 2024 | | Weighted-average remaining lease term – finance leases | | 1.9 | | 0 | | 0 | | Weighted-average discount rate – finance leases | | 9.9 | % | | — | % | | — | % |
The following table presents the Group’s future minimum finance lease payments as of June 30, 2026: | | | | | | | (in USD thousands) | Finance Leases | | Financial Year 2027 | $ | 144,040 | | | Financial Year 2028 | 98,711 | | | Financial Year 2029 | 27,638 | | | Financial Year 2030 | — | | | Financial Year 2031 | — | | Thereafter | — | | Total undiscounted lease payments | $ | 270,389 | | Less present value discount | (26,593) | | Present value of finance lease liabilities | $ | 243,796 | |
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