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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Revenue | 1M | 0 | 0 | 0 | 0 | 0 |
| Selling, general and administrative | 48M | 37M | 75M | 22M | 26M | 33M |
| Operating expenses | 120M | 119M | 129M | 60M | 55M | 62M |
| Operating income | −119M | −119M | −129M | −60M | −55M | −62M |
| Pre-tax income | −197M | −104M | −120M | −99M | −255M | −160M |
| Income tax | 0 | 7M | 8M | 11M | 865,000 | 5M |
| Net income | −197M | −110M | −128M | −110M | −256M | −165M |
| Earnings per share | −1.37 | −1.11 | −1.40 | −1.30 | −4.11 | −2.75 |
| Earnings per share, diluted | −1.37 | −1.11 | −1.40 | −1.30 | −4.11 | −2.75 |
| Weighted average shares | 144M | 99M | 91M | 84M | 62M | 60M |
| Weighted average shares, diluted | 144M | 99M | 91M | 84M | 62M | 60M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 52M | 98M | 42M | 247M | 189M | 300M | 288M | 112M |
| Receivables | 2M | 0 |
| Metric | 31 Mar 2026 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | −82M | — | — | −48M | — | — |
| Depreciation and amortisation | 4M | 3M | 3M | 3M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
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| Inventory | 6M | 12M | — | — | — | 0 | — | — |
| Current assets | 85M | 136M | 78M | 308M | 245M | 355M | 344M | 167M |
| Total assets | 1.73B | 1.74B | 1.65B | 1.77B | 1.56B | 1.58B | 1.47B | 1.24B |
| Current liabilities | 1.08B | 1.02B | 1.06B | 1.06B | 147M | 121M | 98M | 61M |
| Short-term debt | 956M | 922M | 897M | 876M | — | 0 | — | — |
| Long-term debt | — | 0 | 0 | 0 | 855M | 834M | 814M | 790M |
| Total liabilities | 1.31B | 1.21B | 1.30B | 1.33B | 1.28B | 1.20B | 1.31B | 1.12B |
| Equity | 422M | 534M | 348M | 446M | 281M | 384M | 167M | 122M |
| Shares outstanding | 150M | 145M | 100M | 99M | 89M | 89M | 79M | 65M |
| Shares issued | 150M | 145M | 100M | 99M | 89M | 89M | 79M | 65M |
| 3M |
| 3M |
| Share-based compensation | 15M | — | — | 6M | — | — |
| Capital expenditure | 21M | — | — | 63M | — | — |
| Investing cash flow | −21M | — | — | −63M | — | — |
| Financing cash flow | 58M | — | — | −36,000 | — | — |