Equity-Accounted Investments And Other Long-Term Assets (Tables)

9 Months Ended

Mar. 31, 2025

Ownership Percentage Of Equity-Accounted Investments

March 31,

June 30,

2025

2024

Sandulela Technology (Pty) Ltd ("Sandulela")

49.0

%

49.0

%

SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”)

50.0

%

50.0

%

Schedule Of Calculation Of Gain (Loss) On Disposal

2024

Loss on disposal of Finbond shares:

Consideration received in cash

$

3,508

Less: carrying value of Finbond shares sold

(2,112)

Less: release of foreign currency translation reserve from

accumulated other comprehensive loss

(1,543)

Add: release of stock-based compensation charge related to

equity-accounted investment

147

Loss on sale of Finbond shares

$

-

Summary Of Movement In Equity-Accounted Investments

Total

(1)

Investment in equity

Balance as of June 30, 2024

$

206

Comprehensive income:

89

Other comprehensive income

-

Equity accounted (loss) earnings

89

Share of net (loss) earnings

89

Impairment

-

Dividends received 

(65)

Equity-accounted investment acquired in business combination (Note 2)

477

Disposal of equity accounted investment (Note 2)

(507)

Foreign currency adjustment

(2)

(1)

Balance as of March 31, 2025

$

199

(1) Includes Sandulela and SmartSwitch Namibia;

(2) The foreign currency adjustment represents the effects of the fluctuations of the ZAR and Namibian dollar, against the U.S.

dollar on the carrying value.

Summary Of Other Long-Term Asset

March 31,

June 30,

2025

2024

Total equity investments 

$

22,113

$

76,297

Investment in

5

% of Cell C (June 30, 2024:

5

%) at fair value (Note 5)

-

-

Investment in

8

% of MobiKwik (June 30, 2024:

10

%)

(1)

22,113

76,297

Investment in

87.5

% of CPS (June 30, 2024:

87.5

%) at fair value

(1)(2)

-

-

Policy holder assets under investment contracts (Note 8)

137

216

Reinsurance assets under insurance contracts (Note 8)

1,750

1,469

Other long-term assets

1,774

-

Total other long-term assets

$

25,774

$

77,982

(1) The Company determined that MobiKwik (up until December 2024) and CPS do not have readily determinable fair values

and therefore elected to record these investments at cost minus impairment, if any, plus or minus changes resulting from observable

price changes in orderly transactions for the identical or a similar investment of the same issuer.

(2) On October 16, 2020, the High Court of South Africa, Gauteng Division, Pretoria ordered that CPS be placed into liquidation.

Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments

Cost basis

Unrealized

holding

Unrealized

holding

Carrying

gains

losses

value

Equity securities:

Investment in CPS

$

-

$

-

$

-

$

-

Held to maturity:

Investment in Cedar Cellular notes (Note 3)

-

-

-

-

Cost basis

Unrealized

holding

Unrealized

holding

Carrying

gains

losses

value

Equity securities:

Investment in MobiKwik

$

26,993

$

49,304

$

-

$

76,297

Investment in CPS

-

-

-

-

Held to maturity:

Investment in Cedar Cellular notes 

-

-

-

-

Total 

$

26,993

$

49,304

$

-

$

76,297