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Financial risk management (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Ageing of Trade Receivables
As at December 31, 2024, the expected credit losses are $211,000 (2023: $533,000). The following tables sets out the ageing of trade receivables, according to their due date:
 
Aged trade receivables
 

  
Expected credit losses
    
Gross carrying amount
  

 
2024
    
2023
    
2024
    
2023
  
 
  

A$’000
    

A$’000
    
 
A$’000
    
 
A$’000
  
Not past due:
            
-
      
129,712
      
57,576
  
Past due:
                                
30 days
    
(30
)
    
-
      
5,956
      
4,298
  
60 days
    
(9
)
    
(1
)
    
884
      
381
  
90 days
    
(30
)
    
(4
)
    
1,003
      
932
  
120 days
    
(142
)
    
(528
)
    
2,101
      
2,123
  
Total
    
(211
)
    
(533
)
    
139,656
      
65,310
  
Contractual Maturity of Financial Instrument Liabilities
The following tables detail the Group’s remaining contractual maturity for its financial instrument liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. The tables include both interest and principal cash flows disclosed as remaining contractual maturities and therefore these totals may differ from their carrying amount in the consolidated statement of financial position.
 
As at December 31, 2024
  
1-6 months
   
6-12 months
   
1-5 years
    
Over 5 years
   
Total
contractual
cash flows
    
Carrying
amount
of liabilities
 
 
A$’000
    
A$’000
    
A$’000
    
A$’000
    
A$’000
    
A$’000
  
Non-derivatives
                                                
Trade and other payables
    
139,927
      
-
      
-
      
-
      
139,927
      
139,927
  
Borrowings
    
8,454
      
8,464
      
716,899
      
5,104
      
738,921
      
570,811
  
Lease liabilities
  
1,477
   
1,463
    
7,948
   
135
   
11,023
     
10,637
  
Government grant liability
    
1,210
      
491
      
1,329
      
182
      
3,212
      
3,000
  
Contingent consideration
    
85,635
      
-
      
38,186
      
1,989
      
125,810
      
116,316
  
Total financial liabilities
  
236,703
    
10,418
    
764,362
    
7,410
   
1,018,893
     
840,691
  
 
As at December 31, 2023
  
1-6 months
   
6-12 months
   
1-5 years
    
Over 5 years
   
Total
contractual
cash flows
    
Carrying
amount
of liabilities
  
 
A$’000
    
A$’000
    
A$’000
    
A$’000
    
A$’000
    
A$’000
  
Non-derivatives
                                                
Trade and other payables
    
81,704
      
-
      
-
      
-
      
81,704
      
81,704
  
Borrowings
    
1,105
      
1,105
      
8,839
      
6,859
      
17,908
      
9,173
  
Lease liabilities
    
1,044
      
1,057
      
6,744
      
1,264
      
10,109
      
8,272
  
Government grant liability
    
376
      
577
      
3,169
      
593
      
4,715
      
2,664
  
Contingent consideration
    
-
      
38,382
      
65,229
      
2,352
      
105,963
      
92,754
  
Total financial liabilities
    
84,229
      
41,121
      
83,981
      
11,068
      
220,399
      
194,567
  
Foreign Currency Risk [Member]  
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Currency Risk Exposure
The balances held at December 31, 2024 that give rise to currency risk exposure are presented in Australian dollars below:
 
As at December 31, 2024


  
USD
     AUD
   
EUR
    
CHF
    
JPY
    
GBP
    
CAD
  
 
  
$’000    
$’000    

$’000
    

$’000
    

$’000
    

$’000
    

$’000
  
Cash and cash equivalents
    
460,664
       227,312      
20,169
      
574
      
208
      
1,011
      
408
  
Trade receivables
    
136,525
       734      
2,367
      
-
      
-
      
-
      
99
  
Financial assets
    
-
       50,000      
6,093
      
-
      
-
      
-
      
-
  
Trade payables
    
(76,881
)
     (12,363 )    
(22,052
)
    
(746
)
    
(28
)
    
(1,608
)
    
(1,890
)
Government grant
    
-
       -      
(3,000
)
    
-
      
-
      
-
      
-
  
Decommissioning liability
    
-
       -      
(11,702
)
    
-
      
-
      
-
      
-
  
Contingent consideration
    
(91,417
)
     (838 )    
(24,061
)
    
-
      
-
      
-
      
-
  
Borrowings
    
-
       (538,056 )    
(15,255
)
    
-
      
-
      
-
      
-
  

The balances held at December 31, 2023 that give rise to currency risk exposure are presented in Australian dollars below:
 
 
  
USD
     AUD
   
EUR
    
CHF
    
JPY
    
GBP
    
CAD
  
 
  

$’000
    
$’000    

$’000
    

$’000
    

$’000
    

$’000
    

$’000
  
Cash and cash equivalents
    
60,659
       58,649      
3,678
      
118
      
133
      
-
      
-
  
Trade receivables
    
37,131
       26,478      
1,168
      
-
      
-
      
-
      
-
  
Trade payables
    
(9,224
)
     (67,581 )    
(4,721
)
    
-
      
(8
)
    
(162
)
    
(8
)
Government grant liability
    
-
       -      
(2,550
)
    
-
      
-
      
-
      
-
  
Decommissioning liability
    
-
       -      
(5,333
)
    
-
      
-
      
-
      
-
  
Contingent consideration liability
    
(64,231
)
     -      
-
      
-
      
-
      
-
      
-
  
Borrowings
    
-
       -    
(9,173
)
    
-
      
-
      
-
      
-
  
Sensitivity Analysis
Outlined below is a sensitivity analysis which assesses the impact that a change of +/- 10% in the exchange rates as at each reporting date would have on the Group’s reported profit/(loss) after income tax and/or equity balance.
 
Impact on post-tax profit/(loss)
 
 
  
2024
    
2024
    
2024
    
2024
    
2023
    
2023
    
2023
    
2023
  
 
  
+10%
Profit/(loss)
    
-10%
Profit/(loss)
    
+10%
Equity
    
-10%
Equity
    
+10%
Profit/(loss)
    
-10%
Profit/(loss)
    
+10%
Equity
    
-10%
Equity
  
 
  

$’000
    

$’000
    
$’000
    

$’000
    

$’000
    
$’000
    

$’000
    

$’000
  
USD
    
(16,040
)
    
19,605
      
(24,189
)
    
29,564
      
1,699
      
(2,076
)
    
(7,860
)
    
9,606
  
EUR
    
2,413
      
(2,949
)
    
553
      
(676
)
    
1,496
      
(1,828
)
    
(231
)
    
283
  
CHF
    
(0
 )
   
0
      
68
      
(83
)
    
-
      
-
      
(29
)
    
35
  
JPY
    
1
       (1 )    
(17
)
    
21
      
-
      
-
      
(12
)
    
14
  
GBP
    
2
      
(3
)
    
52
      
(64
)
    
-
      
1
      
-
      
-
  
CAD
    
-
      
-
      
(37
)
    
45
      
-
      
-
      
(7
)
    
8
  
Total
    
(13,624
)
    
16,652
      
(23,570
)
    
28,808
      
3,195
      
(3,903
)
    
(8,139
)
    
9,946