Expenses (Tables)

12 Months Ended

Jun. 30, 2025

Expenses [Abstract]

Expenses

	2025 $’000		2024 $’000			2023 $’000
Acquisition and transaction costs		–		441			–
Administration and corporate overheads		4,817		6,798			8,040
Changes in inventories of finished goods and work in progress		25,491		(32,623	)		(41,408	)
Depreciation and amortisation expense		38,597		33,777			6,162
Employee benefits expense		43,133		46,501			18,928
External services		171,740		176,140			21,970
Impairment and write down of financial assets		548		8,134			–
Loss on disposal of financial assets		–		1,264			–
Net movement in inventories relating to net realisable value adjustments (1)		4,200		10,437			–
Raw materials and consumables used		46,694		44,769			5,060
All other operating expenses		12,527		13,368			7,042
Total expenses (2)		347,747		309,006			25,794

(1) Refer to Note 11 for details on the net movement in inventories relating to net realisable value adjustments.

(2) The amount reported for the year ended 30 June 2025 includes $12.5 million of non-recurring merger transaction and integration costs (2024 and 2023: Nil), of which $12.3 million is included within ‘External services’ and $0.2 million is included within ‘Administration and corporate overheads’.