Leases

9 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

17. Leases

The Company has entered into leasing arrangements classified as operating leases under accounting guidance. These leasing

arrangements relate primarily to the lease of its corporate head office, administration offices and branch locations through which the

Company operates its consumer business in South Africa. The Company’s operating leases have remaining lease terms of between

one

 and

five years

. The Company also operates parts of its consumer business from locations which it leases for a period of less than

one year

. The Company’s operating lease expense during the three months ended March 31, 2025 and 2024 was $

1.3

 million and $

0.9

 million, respectively. The Company’s operating lease expense during the nine months ended March 31, 2025 and 2024 was $

3.5

million and $

2.2

 million, respectively.

The Company has also entered into short-term leasing arrangements, primarily for the lease of branch locations and other

locations, to operate its consumer business in South Africa. The Company’s short-term lease expense during the three months ended

March 31, 2025 and 2024, was $

1.1

 million and $

0.9

 million, respectively. The Company’s short-term lease expense during the nine

months ended March 31, 2025 and 2024, was $

3.4

 million and $

2.8

 million, respectively.

The following table presents supplemental balance sheet disclosure related to the Company’s right-of-use assets and its operating

lease liabilities as of March 31, 2025 and June 30, 2024:

March 31,

June 30,

2025

2024

Right of use assets obtained in exchange for lease obligations:

Weighted average remaining lease term (years)

2.8

3.1

Weighted average discount rate (percent)

9.6

10.5

17. Leases (continued)

The maturities of the Company’s operating lease liabilities as of March 31, 2025, are presented below:

Maturities of operating lease liabilities

Year ended June 30,

2025 (excluding nine months to March 31, 2025)

$

1,578

2026

4,259

2027

2,841

2028

1,881

2029

742

Thereafter

256

Total undiscounted operating lease liabilities

11,557

Less imputed interest

1,610

Total operating lease liabilities, included in

9,947

Operating lease liability - current

3,814

Operating lease liability - long-term

$

6,133