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Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2025

Disclosure of detailed information about financial instruments [abstract]

Summary of Information About Exposure To Credit Risk and ECLs For Trade Receivables and Contract Assets

The following table provides information about the exposure to credit risk and ECLs for trade receivables and contract assets as of March 31, 2025 and 2024:


		Gross carrying amount				Loss allowance				Credit- impaired
		US$’000				US$’000
As of March 31, 2025 (Successor)
Current			8,773				—			No
≤30 days past due			4,626				—			No
31 – 60 days past due			306				—			No
61 – 90 days past due			8				—			No
≥91 days past due			861				—			No
			14,574				—
Credit impaired
Individually impaired			124				124			Yes
			14,450				124
As of March 31, 2024 (Successor)
Current			26,991				—			No
≤30 days past due			5,284				—			No
31 – 60 days past due			883				—			No
61 – 90 days past due			408				—			No
≥91 days past due			115				—			No
			33,681				—
Credit impaired
Individually impaired			3				3			Yes
			33,678				3

Summary of Allowance for Impairment in Respect of Trade Receivables and Contract Assets

The movement in the allowance for impairment in respect of trade receivables and contract assets during the year was as follows:


		Successor				Successor				Predecessor
		For the year ended March 31, 2025				For the period June 16, 2023 through March 31, 2024				For the period April 1 through June 15, 2023
		US$’000				US$’000				US$’000
At beginning of period			3				6				6
Impairment loss recognized			121				—				—
Reversal of impairment			—				(3	)			—
At end of period			124				3				6

Summary of Contractual Maturities of Financial Liabilities

The following are the remaining contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements:


For the years ending March 31,		2026				2027				2028				2029				2030				Thereafter				Total
2025		US$’000				US$’000				US$’000				US$’000				US$’000				US$’000				US$’000
Financial liabilities
Trade and other payables			15,070				—				—				—				—				—				15,070
Lease obligation			1,489				1,342				747				522				506				4,790				9,396
Total contractual obligations			16,559				1,342				747				522				506				4,790				24,466


For the years ending March 31,		2025				2026				2027				2028				2029				Thereafter				Total
2024		US$’000				US$’000				US$’000				US$’000				US$’000				US$’000				US$’000
Financial liabilities
Trade and other payables			47,535				5,000				—				—				—				—				52,535
Loans and borrowings			6,504				—				—				—				—				—				6,504
Lease obligation			933				533				371				131				131				1,144				3,243
Total contractual obligations			54,972				5,533				371				131				131				1,144				62,282

Summary of Foreign Currency Exposure

The foreign currency exposure in IDR is as follows based on notional amounts:


		Successor				Successor
		As of March 31, 2025				As of March 31, 2024
		US$’000				US$’000
Trade receivables			1,377				1,953
Cash and cash equivalents			5,709				7,747
Trade payables			(725	)			(2,253	)
Net exposure			6,361				7,447

Summary of Effect of Changes in Foreign Exchange Rates

A reasonably possible strengthening (weakening) of the US dollar, as indicated below, against the IDR at March 31, and a possible strengthening (weakening) of the local non-USD functional currencies against the USD, would have increased and (decreased) profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecasted sales and purchases.


		Successor				Successor
		As of March 31, 2025				As of March 31, 2024
		US$’000				US$’000
March 31
USD (10% strengthening)			59				(193	)
IDR (10% strengthening)			(636	)			(419	)

March 31
USD (10% weakening)			(59	)			193
IDR (10% weakening)			636				419

Summary of Categories of Financial Instruments

The carrying amounts of each of the categories of financial instruments as at the end of the financial years are as follows:


		Successor				Successor
		As of March 31, 2025				As of March 31, 2024
		US$’000				US$’000
Financial assets at amortized cost
Trade receivables and other assets*			14,201				33,441
Cash and cash equivalents			72,950				43,470
			87,151				76,911

Financial liabilities at amortized cost
Trade and other payables			15,070				52,535
Loans and borrowings			—			6,504**
			15,070				59,039

* Excluding prepayments, goods and services tax receivable, net and deferred offering costs.

** The loan amount of $6.5 million included an accrued interest of $0.7 million under the terms of the loan.