| CASH FLOW INFORMATION |
| 28. | CASH FLOW INFORMATION |
| | | 30 June
2026
$ | | | 30 June
2025
$ | | | 30 June
2024
$ | | | Reconciliation from net loss after tax to net cash used in operations | | | | | | | | | | | Net loss | | | (228,243,769 | ) | | | (51,871,823 | ) | | | (139,446,204 | ) | | Non-cash flows included in operating loss: | | | | | | | | | | | | | | Depreciation (note 10) | | | 19,443 | | | | 1,088 | | | | 6,642 | | | Amortisation (note 15) | | | 10,953 | | | | 10,161 | | | | 19,359 | | | Listing expenses | | | - | | | | - | | | | 76,007,159 | | | Merger expenses | | | - | | | | - | | | | 962,500 | | | Gain on derecognition of warrants | | | (10,918,539 | ) | | | - | | | | - | | | Gain/loss on fair value of warrants (note 21) | | | 120,872,053 | | | | (49,534 | ) | | | 20,623,381 | | | Gain on extinguishment of liability (note 22) | | | 2,170,000 | | | | (235,350 | ) | | | - | | | Transaction costs for PIPE Warrants (Financial liability) | | | - | | | | 25,703 | | | | - | | | Finance expenses | | | 14,651,748 | | | | (480,000 | ) | | | 28,710,000 | | | Investment in Saudi and Romanian Joint Venture (classified as investing activities) | | | (272,807 | ) | | | - | | | | - | | | Share based payment expense (note 25) | | | 65,994,203 | | | | 30,566,894 | | | | 608,156 | | | Impairment of investment of equity-accounted associate, net of tax (note 14) | | | 279,386 | | | | - | | | | - | | | Impairment of investment of equity-accounted joint venture, net of tax (note 13) | | | - | | | | - | | | | - | | | Issue of shares to directors and management in lieu of fees (note 24) | | | - | | | | 1,079,318 | | | | 182,534 | | | Share of net losses of associate (note 14) | | | 70,682 | | | | (6,829 | ) | | | 2,263 | | | Share of net profits of JV accounted for using the equity method (note 13) | | | 1,054,949 | | | | (701,978 | ) | | | - | | | Foreign exchange | | | (1,347,369 | ) | | | (40,777 | ) | | | 91,381 | | | Changes in assets and liabilities: | | | | | | | | | | | | | | (Increase) / Decrease in trade and other receivables | | | (3,292 | ) | | | 790,038 | | | | (2,385,927 | ) | | (Increase) / Decrease in prepaid expenses | | | 24,462 | | | | 682,278 | | | | - | | | (Increase) / Decrease in restricted cash | | | - | | | | (447,516 | ) | | | - | | | Increase / (Decrease) in trade and other payables | | | 4,184,154 | | | | 4,709,135 | | | | 9,959,378 | | | Increase / (Decrease) in provisions | | | 78,939 | | | | 3,254 | | | | 16,742 | | | Increase / (Decrease) in related party payable | | | (183,723 | ) | | | 1,585,995 | | | | - | | | Fair value of identifiable net assets of Sizzle at 29 February 2024 (note 30) | | | - | | | | - | | | | (10,473,822 | ) | | Other | | | 1,888,139 | | | | (117,208 | ) | | | (5,899 | ) | | Net cash (used in) operating activities | | | (29,670,388 | ) | | | (14,497,151 | ) | | | (15,122,354 | ) |
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