Income Tax (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of Operations Reconciles to the Income Tax Benefit

The prima facie income tax benefit on pre-tax accounting loss from operations reconciles to the income tax benefit in the financial statements as follows:


	June 30, 2026	June 30, 2025

	(in thousands)
Accounting loss before tax	(19,302)	(46,885)
Income tax benefit at the applicable tax rate of 30%	(5,791)	(14,066)
Non-deductible expenses	628	4,511
Non-assessable income	(1,356)	(1,527)
Deferred tax assets not recognized	6,518	1,143


Deferred tax asset not recognized in the financial statements:
Unused tax losses	12,200	10,648
Net unrecognized tax benefit at 30%	13,412	11,791