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Equity-Accounted Investments And Other Long-Term Assets | 3 Months Ended
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Sep. 30, 2025
Equity-Accounted Investments And Other Long-Term Assets [Abstract] |
Equity-Accounted Investments And Other Long-Term Assets | 6. Equity-accounted investments and other long-term assets Refer to Note 9 to the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2025, for additional information regarding its equity -accounted investments and other long-term assets. Equity-accounted investments The Company’s ownership percentage in its equity-accounted investments as of September 30, 2025, and June 30, 2025, was as follows: September 30, June 30, 2025 2025 Sandulela Technology (Pty) Ltd (“Sandulela”) 49.0 % 49.0 % SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) 50.0 % 50.0 % SmartSwitch Namibia The Company recorded a loss on impairment of equity-accounted investment of $ 0.6 million during the three months ended September 30, 2025, which primarily includes the release of accumulated other comprehensive loss (refer to Note 12). Other long-term assets Summarized below is the breakdown of other long-term assets as of September 30, 2025, and June 30, 2025: September 30, June 30, 2025 2025 Investment in 5 % of Cell C (June 30, 2025: 5 %) at fair value (Note 5) - - Investment in 87.5 % of CPS (June 30, 2025: 87.5 %) at fair value (1)(2) - - Policy holder assets under investment contracts (Note 8) 130 125 Reinsurance assets under insurance contracts (Note 8) 2,055 1,837 Other long-term assets 1,835 1,847 Total other long-term assets $ 4,020 $ 3,809 (1) The Company determined that CPS does not have a readily determinable fair value and therefore elected to record its investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. (2) On October 16, 2020, the High Court of South Africa, Gauteng Division, Pretoria ordered that CPS be placed into liquidation. 6. Equity-accounted investments and other long-term assets (continued) Other long-term assets (continued) Summarized below are the components of the Company’s equity securities without readily determinable fair value and held to maturity investments as of September 30, 2025: Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in CPS $ - $ - $ - $ - Total $ - $ - $ - $ - Summarized below are the components of the Company’s equity securities without readily determinable fair value and held to maturity investments as of June 30, 2025: Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in CPS $ - $ - $ - $ - Held to maturity: Investment in Cedar Cellular notes - - - -

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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