Cue Energy Resources Limited Directors' report 30 June 2025 23 (E) Relationship between remuneration policy and company performance Company performance review The tables below set out summary information about the company’s earnings and movements in shareholder wealth and key management remuneration for the five years to 30 June 2025. 2025 2024 2023 2022 2021 $'000 $'000 $'000 $'000 $'000 Production revenue from continuing operations 54,841 49,659 51,605 44,439 22,449 Profit/(loss) before income tax expense from continuing operations 19,658 25,322 19,881 21,756 (7,442) Profit/(loss) after income tax expense 6,316 14,189 15,211 16,068 (12,743) Total KMP remuneration settled by the Consolidated Entity 1,233 1,121 821 741 659 2025 2024 2023 2022 2021 Share price at start of year (cents) 10.50 5.60 6.50 6.00 9.50 Share price at end of year (cents) 11.50 10.50 5.60 6.50 6.00 Basic earnings/(loss) per share (cents) 1.53 2.03 2.18 2.30 (1.83) Diluted earnings/(loss) per share (cents) 1.52 2.03 2.18 2.30 (1.83) Dividend ($'000) 13,978 13,967 - - - The Company remuneration policy also seeks to reward staff members on achieving non-financial key performance indicators, including safety and operational performance. Remuneration Report Voting at Annual General Meeting The Company received 99.87% of votes in support of its FY2024 remuneration report at the 2024 Annual General Meeting. Additional disclosures relating to key management personnel Shareholding The number of shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Balance at the start of Disposals/ the end of the year Additions other the year Ordinary shares* Non-Executive Directors - - - - Andrew Jefferies 8,000 - - 8,000 Peter Hood AO 80,000 - - 80,000 Richard Malcolm 300,000 - - 300,000 Other Key Management Personnel - - - - Matthew Boyall** 364,208 415,664 - 779,872 752,208 415,664 - 1,167,872 * Alastair McGregor, Rod Ritchie, Samuel Kellner and Marco Argentieri do not hold any fully paid ordinary shares. Echelon Offshore Limited (a related entity to Alastair McGregor, Andrew Jefferies, Rod Richie, Samuel Kellner and Marco Argentieri) holds 349,368,803 fully paid ordinary shares in the Company. ** In March 2025, 1,428,843 options with an expiry date of 22 July 2026 and an exercise price of $0.078 (7.8 cents) per fully paid ordinary share were exercised on a cashless basis during the period, as a result of which 415,664 fully paid ordinary shares were issued. 35 Cue Energy Resources Limited Annual Report 2025
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