Cue Energy Resources Limited Notes to the financial statements 30 June 2025 54 Note 23. Reconciliation of profit after income tax to net cash from operating activities Consolidated 30 June 2025 30 June 2024 $'000 $'000 Profit after income tax expense for the year 6,316 14,189 Adjustments for: Share-based payments 140 112 Finance costs associated with abandonment provision 494 684 Depreciation 82 91 Amortisation 8,854 6,309 Net gain on foreign currency conversion (435) 501 Change in operating assets and liabilities: Decrease/(increase) in trade and other receivables (3,493) 2,688 Decrease in contract assets - 5,118 Decrease/(increase) in inventories 1,203 (1,239) Decrease in deferred tax assets 5,044 49 Increase/(decrease) in trade and other payables 2,241 (945) Increase/(decrease) in contract liabilities 67 (1,315) (Decrease)/Increase in tax liabilities 702 (958) Increase/(decrease) in deferred tax liabilities 2,605 1,649 Increase/(decrease) in provisions 14 10 Net cash from operating activities 23,834 26,943 Note 24. Earnings per share Consolidated 30 June 2025 30 June 2024 $'000 $'000 Profit after income tax 6,316 14,189 Number Number Weighted average number of ordinary shares used in calculating basic and diluted earnings per share 698,758,220 698,194,450 Cents Cents Basic earnings per share 0.90 2.03 Diluted earnings per share 0.90 2.03 Accounting policy for earnings per share Basic earnings per share Basic earnings per share is calculated by dividing the earnings attributable to the owners of Cue Energy Resources Limited, excluding any costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial year, adjusted for bonus elements in ordinary shares issued during the financial year. Diluted earnings per share Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares. 66 Cue Energy Resources Limited Annual Report 2025
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