7 unchanged sentences
Our primary foreign currency exposures are in Philippine Peso (“PHP”), Jamaican Dollar, and Pakistani Rupee.
−Removed: There can be no assurance that we can take actions to mitigate such exposure in the
−Removed: future, and if taken, that such actions will be successful or that future changes in currency exchange rates will not have a material adverse impact on our future operating results.
+Added: There can be no assurance that we can take actions to mitigate such exposure in the future, and if taken, that such actions will be successful or that future changes in currency exchange rates will not have a material adverse impact on our future operating results.
A significant change in the value of the U.S.
6 unchanged sentences
Pakistani Rupee (2.2) % 1.9 % (2.7) %
+Added: Based upon our level of operations during the year ended June 30, 2026, a 10% appreciation or depreciation of the above local currencies against the U.S.
+Added: dollar would have increased / (decreased) our expenses incurred and paid in the local currency as follows:
+Added: ($ millions) 10% Appreciation 10% Depreciation
+Added: Philippine Peso $ 14.3 $ (11.7)
+Added: Jamaican Dollar $ 4.3 $ (3.5)
+Added: Pakistani Rupee $ 6.2 $ (5.1)
To mitigate foreign exchange fluctuations on the PHP we hedge a portion of our Philippine operating costs.
While our hedging strategy can protect us from short term risks related to foreign currency movements, an overall strengthening of the PHP would adversely impact margins over the long term.
−Removed: Based upon our level of operations during the year ended June 30, 2025, a 10% appreciation/depreciation in the PHP against the U.S.
−Removed: dollar would have increased or decreased our expenses incurred and paid in PHP by approximately $14.1 million or $11.6 million, respectively, for the year ended June 30, 2025.
−Removed: Based upon our level of operations during the year ended June 30, 2025, a 10% appreciation/depreciation in the Jamaican Dollar against the U.S.
−Removed: dollar would have increased or decreased our expenses incurred and paid in Jamaican Dollar by approximately $5.0 million or $4.1 million, respectively, for the year ended June 30, 2025.
−Removed: Based upon our level of operations during the year ended June 30, 2025, a 10% appreciation/depreciation in the Pakistani Rupee against the U.S.
−Removed: dollar would have increased or decreased our expenses incurred and paid in Pakistani Rupee by approximately $4.4 million or $3.6 million, respectively, for the year ended June 30, 2025.
To mitigate against credit and default risk, we only enter into derivative contracts and other financial instruments with investment grade financial institutions and our derivative valuations reflect the creditworthiness of our counterparties.
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.