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Income taxes
 3 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income taxes
Note 18. Income taxes
The effective income tax rate for the three months ended September 30, 2025, was 33.1% compared to (2.5)% for the three months ended September 30, 2024. The increase is primarily attributable to the increase in the Group’s pre-tax profit, as well as certain one-off items that reduced the effective tax rate in the prior corresponding period.
The effective tax rate for the quarter differs from the Australian statutory rate of 30% due to the impact of certain permanent book to tax differences, including the non-deductible amortization of stock-based compensation. This may vary from quarter to quarter due to recurring and non-recurring factors, including the geographical mix of income or losses,
changes in valuation allowance, stock-based compensation and changes in tax laws or rates. During the quarter, changes in U.S. tax laws were enacted, including provisions such as those relating to bonus depreciation. The Company does not expect these legislative changes to have a material impact on its effective tax rate or income tax expense (benefit), as the effects are limited to timing differences.
The Company has no material unrecognized tax benefits as of September 30, 2025