v3.26.3
Leases (Tables)
 12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
The following table presents the classification and location of the Group’s leases on the consolidated balance sheets (in thousands):
June 30,
20262025
Right-of-use assets:
Operating lease right-of-use assets
$2,705 $1,549 
Finance lease right-of-use asset
14,345 16,544 
17,050 18,093 
Lease liabilities:
Current portion of operating lease obligations
1,897 391 
Non-current portion of operating lease obligations
1,018 1,175 
Current portion of finance lease obligation
14,410 15,307 
Non-current portion of finance lease obligation
8,354 9,523 
$25,679 $26,396 
The following table presents supplemental information for the Group’s non-cancellable leases for the years ended June 30, 2026 and 2025:
For the years ended
June 30,
20262025
Operating leases:
Weighted-average remaining lease term 2.23.8
Weighted-average incremental borrowing rate12.41 %10.49 %
Finance lease:
Weighted-average remaining lease term1.81.8
Weighted-average incremental borrowing rate15.88 %12.76 %
Schedule of Lease, Cost
The following table presents the components of the lease costs as of June 30, 2026 and 2025 (in thousands)::
For the years
ended June 30,
20262025
Operating leases:
Operating lease cost charged to profit and loss
$3,309 $522 
Finance lease:
Interest on lease liability3,198 3,020 
Depreciation on right-of-use asset8,755 9,613 
Total finance lease cost11,953 12,633 
Less: Lease cost capitalized to unproved properties(11,953)(12,633)
Finance lease cost charged to profit and loss$— $— 
The following table presents the cash flow information related to lease payments for the years ended June 30, 2026 and 2025 (in thousands):
For the years ended
June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$5,024 $522 
Financing cash flows for finance leases
8,225 7,766 
$13,249 $8,288 
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
As of June 30, 2026, the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows (in thousands):
As of June 30, 2026Operating leasesFinance leases
Fiscal year ending June 30, 2026$— $981 
Fiscal year ending June 30, 20272,164 14,418 
Fiscal year ending June 30, 2028415 10,270 
Fiscal year ending June 30, 2029342 — 
Thereafter
595 — 
Total lease payments
3,516 25,669 
Less: Imputed interest
(601)(2,904)
Present value of lease liabilities1
$2,915 $22,765 
1 Includes both current and long-term portion of the lease liabilities.
Schedule of Finance Lease, Liability, to be Paid, Maturity
As of June 30, 2026, the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows (in thousands):
As of June 30, 2026Operating leasesFinance leases
Fiscal year ending June 30, 2026$— $981 
Fiscal year ending June 30, 20272,164 14,418 
Fiscal year ending June 30, 2028415 10,270 
Fiscal year ending June 30, 2029342 — 
Thereafter
595 — 
Total lease payments
3,516 25,669 
Less: Imputed interest
(601)(2,904)
Present value of lease liabilities1
$2,915 $22,765 
1 Includes both current and long-term portion of the lease liabilities.