107 ANNUAL REPORT 2025 21. INTEREST-BEARING LOANS AND BORROWINGS (current) 2025 $000 2024 $000 Lease liabilities 8,992 1,319 Syndicated Facility Agreement 50,000 – Equipment loans1 41,467 22,058 At 30 June 100,459 23,377 1 Represents current portion of equipment loans which have repayment terms of 36 months from inception. 22. INTEREST-BEARING LOANS AND BORROWINGS (non-current) 2025 $000 2024 $000 Lease liabilities 10,731 2,345 Equipment loans1 36,067 28,888 At 30 June 46,798 31,233 1 Represents non-current portion of equipment loans which have repayment terms of 36 months from inception. The weighted average interest rate is 7.73% per annum (2024: 6.28%). The Group executed a Syndicated Facility Agreement (SFA) with ING Bank and Société Generale to increase the existing $100M SFA to $300M through the addition of a new $200M facility with a three-year term, which the Group is able to utilise for general corporate purposes. During the year, the SFA was drawn down $50M and remaining undrawn facilities is $250M. This facility is subject to the fulfilment of financial covenants, as are commonly found in lending arrangements with financial institutions. The Group regularly monitors its compliance with these covenants. As at 30 June 2025, none of the covenants relating to this facility have been breached. Assets pledged as security: The carrying amounts of assets pledged as security for current and non-current interest-bearing liabilities: Non-current Equipment loans Plant and equipment 107,375 37,424 Total non-current assets pledged as security 107,375 37,424 Plant and equipment assets are pledged against liabilities for the term of the arrangement. Equipment loan securities The Company has equipment loans for various items of plant and machinery. The equipment loans have an average term of 36 months. Assets under equipment loans are pledged as security for the related interest bearing liabilities.
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