Leases (Tables)

3 Months Ended

Sep. 30, 2026

Leases [Abstract]

Schedule of Assets and Liabilities

The following table presents the classification and location of the Group’s leases on the condensed consolidated

balance sheets (in thousands):

	September 30, 2026	June 30, 2026
Right-of-use assets:
Operating lease right-of-use assets	$1,946	$2,705
Finance lease right-of-use assets	12,245	14,345
	14,191	17,050
Lease liabilities:
Current portion of operating lease obligations	1,232	1,897
Non-current portion of operating lease obligations	905	1,018
Current portion of finance lease obligations	17,059	14,410
Non-current portion of finance lease obligations	5,502	8,354
	$24,698	$25,679

The following table presents supplemental information for the Group’s non-cancellable leases for the three months

ended September 30, 2026, and 2025:

	Three months ended September 30,
	2026	2025
Operating leases:
Weighted-average remaining lease term	2.50	2.16
Weighted-average incremental borrowing rate	15.46%	13.57%
Finance leases:
Weighted-average remaining lease term	1.50	1.58
Weighted-average incremental borrowing rate	15.88%	12.76%

Schedule of Lease Costs

For the three months ended September 30, 2026, and 2025, the components of the lease costs were as follows (in

thousands):

	Three months ended September 30,
	2026	2025
Operating leases:
Operating lease cost charged to profit and loss	$1,067	$138
Finance leases:
Interest on lease liabilities	779	668
Depreciation on right-of-use assets	2,097	2,320
Total finance lease cost	2,876	2,988
Less: Lease cost capitalized to unproved properties	(2,876)	(2,988)
Finance lease cost charged to profit and loss	$—	$—

The following table presents the cash flow information related to lease payments for the three months ended

September 30, 2026, and 2025 (in thousands):

	Three months ended September 30,
	2026	2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$1,489	$138
Financing cash flows for finance leases	735	3,076
	$2,224	$3,214

Schedule of Operating Lease Liabilities

As of September 30, 2026, the Group’s undiscounted minimum cash payment obligations for its lease liabilities are

as follows (in thousands):

As of September 30, 2026	Operating leases	Finance leases
Fiscal year ending June 30, 2027 (excluding three-month period from July 1, 2026 to September 30, 2026)	$1,272	$14,417
Fiscal year ending June 30, 2028	420	10,270
Fiscal year ending June 30, 2029	347	—
Thereafter	603	—
Total lease payments	2,642	24,687
Less: Imputed interest	(505)	(2,126)
Present value of lease liabilities1	$2,137	$22,561

1 Includes both current and long-term portion of the lease liabilities.

Schedule of Finance Lease Liabilities

As of September 30, 2026, the Group’s undiscounted minimum cash payment obligations for its lease liabilities are

as follows (in thousands):

As of September 30, 2026	Operating leases	Finance leases
Fiscal year ending June 30, 2027 (excluding three-month period from July 1, 2026 to September 30, 2026)	$1,272	$14,417
Fiscal year ending June 30, 2028	420	10,270
Fiscal year ending June 30, 2029	347	—
Thereafter	603	—
Total lease payments	2,642	24,687
Less: Imputed interest	(505)	(2,126)
Present value of lease liabilities1	$2,137	$22,561

1 Includes both current and long-term portion of the lease liabilities.