Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net	12 Months Ended
	Jun. 30, 2025
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract]
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net	4. ACCOUNTS RECEIVABLE, net AND OTHER RECEIVABLES and FINANCE LOANS RECEIVABLE, net Accounts receivable, net and other receivables The Company’s accounts receivable, net, and other receivables as of June 30, 2025, and June 30, 2024, are presented in the table below: June 30, June 30, 2025 2024 Accounts receivable, trade, net $ 16,433 $ 13,262 Accounts receivable, trade, gross 18,186 14,503 Allowance for credit losses, end of period 1,753 1,241 Beginning of period 1,241 509 Reversed to statement of operations (521) (511) Charged to statement of operations 1,856 1,305 Write-offs (847) (67) Foreign currency adjustment 24 5 Current portion of amount outstanding related to sale of interest in Carbon, net of allowance: 2025: $ 750 , 2024: $ 750 - - Current portion of total held to maturity investments - - Investment in 7.625 % of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625 % notes - - Other receivables 26,092 23,405 Total accounts receivable, net $ 42,525 $ 36,667 Trade receivables include amounts due from customers which generally have a very short-term life from date of invoice or service provided to settlement. The duration is less than a year in all cases and generally less than 30 days in many instances. The short-term nature of these exposures often results in balances at month-end that are disproportionately small compared to the total invoiced amounts. The month-end outstanding balance are more volatile than the monthly invoice amounts because they are affected by operational timing issues and the fact that a balance is outstanding at month-end is not necessarily an indication of increased risk but rather a matter of operational timing. Credit risk in respect of trade receivables are generally not significant and the Company has not developed a sophisticated model for these basic credit exposures. The Company determined to use a lifetime loss rate by expressing write-off experience as a percentage of corresponding invoice amounts (as opposed to outstanding balances). The allowance for credit losses related to these receivables has been calculated by multiplying the lifetime loss rate with recent invoice/origination amounts. Management actively monitors performance of these receivables over short periods of time. Different balances have different rules to identify an account in distress. Once balances in distress are identified, specific allowances are immediately created. Subsequent recovery from distressed accounts is not significant. Current portion of amount outstanding related to sale of interest in Carbon represents the amount due from the purchaser related to the sale of the Company’s interest in Carbon Tech Limited (“Carbon”), which was accounted for as an equity-accounted investment, of $ 0.25 million, net of an allowance for doubtful loans receivable of $ 0.25 million as of June 30, 2023, and an amount due related to the sale of the loan, with a face value of $ 3.0 million, which was sold in September 2022 for $ 0.75 million, net of an allowance for doubtful loans receivable of $ 0.75 million, refer to Note 9 for additional information. The Company received the outstanding $ 0.25 million related to the sale of the equity -accounted investment in October 2023, and has reversed the allowance for doubtful loans receivable of $ 0.25 million during the year ended June 30, 2024. The Company has not yet received the outstanding $ 0.75 million related to the sale of the $ 3.0 million loan, and continues to engage with the purchaser to recover the outstanding balance. Investment in 7.625 % of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625 % notes represents the investment in a note which was due to mature in August 2022 and forms part of Cell C’s capital structure. The carrying value as of each of June 30, 2025 and 2024, respectively was $ 0 (zero). No interest income from the Cedar Cellular note was recorded during the years ended June 30, 2025, 2024 and 2023, respectively. Interest, if any, on this investment will only be paid, at Cedar Cellular’s election, on its maturity which is in the process of being extended beyond its original date of August 2022. 4. ACCOUNTS RECEIVABLE, net AND OTHER RECEIVABLES and FINANCE LOANS RECEIVABLE, net (continued) Accounts receivable, net and other receivables (continued) The Company does not expect to recover the amortized cost basis of the Cedar Cellular notes due to its assessment that the equity in Cell C currently has no value which would result in there being no future cash flows to be collected from the debt security on maturity. The Company could not calculate an effective interest rate on the Cedar Cellular note because the carrying value was zero ($ 0.0 million) as of June 30, 2025 and 2024. The Company therefore could not calculate the present value of the expected cash flows to be collected from the debt security by discounting these cash flows at the interest rate implicit in the security upon acquisition (at a rate of 24.82 %) because there are no future cash flows to discount. Other receivables include prepayments, deposits, income taxes receivable and other receivables. Contractual maturities of held to maturity investments Summarized below is the contractual maturity of the Company’s held to maturity investment as of June 30, 2025: Cost basis Estimated fair value (1) Due in one year or less (2) $ - $ - Due in one year through five years - - Due in five years through ten years - - Due after ten years - - Total $ - $ - (1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company’s portion of the assets held by Cedar Cellular, namely, Cedar Cellular’s investment in Cell C. (2) The cost basis is zero ($ 0.0 million). Finance loans receivable, net The Company’s finance loans receivable, net, as of June 30, 2025, and June 30, 2024, is presented in the table below: June 30, June 30, 2025 2024 Microlending finance loans receivable, net $ 52,492 $ 28,184 Microlending finance loans receivable, gross 56,140 30,131 Allowance for credit losses - finance loans receivable, end of period 3,648 1,947 Beginning of period 1,947 1,432 Reversed to statement of operations (161) (210) Charged to statement of operations 4,301 2,454 Write-offs (2,499) (1,795) Foreign currency adjustment 60 66 Merchant finance loans receivable, net 21,618 15,874 Merchant finance loans receivable, gross 23,214 18,571 Allowance for credit losses - finance loans receivable, end of period 1,596 2,697 Beginning of period 2,697 2,150 Reversed to statement of operations (22) (359) Charged to statement of operations 2,576 2,479 Write-offs (3,709) (1,672) Foreign currency adjustment 54 99 Total finance loans receivable, net $ 74,110 $ 44,058 4. ACCOUNTS RECEIVABLE, net AND OTHER RECEIVABLES and FINANCE LOANS RECEIVABLE, net (continued) Finance loans receivable, net (continued) Total finance loans receivable, net, comprises microlending finance loans receivable related to the Company’s microlending operations in South Africa as well as its merchant finance loans receivable related to Connect’s lending activities in South Africa. Certain merchant finance loans receivable with an aggregate balance of $ 20.7 million as of June 30, 2025 have been pledged as security for the Company’s revolving credit facility (refer to Note 12). Allowance for credit losses Microlending finance loans receivable Microlending finance loans receivable is related to the Company’s microlending operations in South Africa whereby it provides unsecured short-term loans to qualifying customers. Loans to customers have a tenor of up to nine months , with the majority of loans originated having a tenor of six months . The Company analyses this lending book as a single portfolio because the loans within the portfolio have similar characteristics and management uses similar processes to monitor and assess the credit risk of the lending book. Refer to Note 6 related to the Company risk management process related to these receivables. The Company has operated this lending book for more than five years and uses historical default experience over the lifetime of loans in order to calculate a lifetime loss rate for the lending book. The allowance for credit losses related to these microlending finance loans receivables is calculated by multiplying the lifetime loss rate with the month end outstanding lending book. The lifetime loss rate as of each of June 30, 2025 and 2024, was 6.50 %. The performing component (that is, outstanding loan payments not in arrears) of the book exceeds more than 98 % of outstanding lending book as of June 30, 2025. Merchant finance loans receivable Merchant finance loans receivable is related to the Company’s Merchant lending activities in South Africa whereby it provides unsecured short-term loans to qualifying customers. Loans to customers have a tenor of up to twelve months , with the majority of loans originated having a tenor of approximately eight months . The Company analyses this lending book as a single portfolio because the loans within the portfolio have similar characteristics and management uses similar processes to monitor and assess the credit risk of the lending book. Refer to Note 6 related to the Company risk management process related to these receivables. The Company has commenced lending to merchant customers approximately four years ago and uses historical default experience over the lifetime of loans generated thus far in order to calculate a lifetime loss rate for the lending book. The allowance for credit losses related to these merchant finance loans receivables is calculated by adding together actual receivables in default plus multiplying the lifetime loss rate with the month-end outstanding lending book. The lifetime loss rate as of June 30, 2025 and 2024, was approximately 1.14 % and 1.18 %, respectively. The performing component (that is, outstanding loan payments not in arrears), under- performing component (that is, outstanding loan payments that are in arrears) and non-performing component (that is, outstanding loans for which payments appeared to have ceased) of the book represents approximately 95 %, 4 % and 1 %, respectively, of the outstanding lending book as of June 30, 2025.