Directors’ report Cue Energy Resources Limited Directors’ report 30 June 2026 10 The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'Consolidated Entity') consisting of Cue Energy Resources Limited (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2026. Directors The names of Directors of the Company in office during the year and up to the date of this report were: Alastair McGregor (resigned 2 July 2026) Andrew Jefferies (resigned 2 July 2026) Peter Hood AO Richard Malcolm Rod Ritchie (resigned 2 July 2026) Samuel Kellner (resigned 2 July 2026) Marco Argentieri (resigned 2 July 2026) Greg Bishop (appointed 22 October 2025) Bruce Clement (appointed 2 July 2026) Richard Beament (appointed 2 July 2026) Gavin Douglas (appointed 2 July 2026) Kyle Keen (appointed 2 July 2026) Chief Executive Officer Matthew Boyall Company Secretary Anita Addorisio Principal activities The principal activities of the Consolidated Entity are oil and gas exploration, development and production. Corporate governance statement Details of the Company's corporate governance practices are included in the Corporate Governance Statement set out on the Company's website at: https://www.cuenrg.com.au/site/About-Us/corporate-directory. Dividends On 27 August 2026, the Company’s Board of Directors approved the declaration of a final dividend of $0.0025 (0.25 cent) per fully paid ordinary share, totalling approximately $1.75 million. This final dividend has been declared as a Conduit Foreign Income (CFI), unfranked dividend and will be paid on 15 October 2026. On 25 February 2026, the Company’s Board of Directors approved the declaration of an interim dividend of $0.0025 (0.25 cent) per fully paid ordinary share. This interim dividend was declared as a Conduit Foreign Income (CFI), unfranked dividend and was paid on 26 March 2026. Financial performance The Consolidated Entity reported strong revenue of $50.3 million (FY 2025: $54.8 million), benefitting from strong production from its diverse portfolio, offset by lower revenue in Sampang due to a delay in the installation of the Sampang onshore compressor and lower Maari revenue due to timing of liftings, which varies between years. The net profit after tax for the year was $4.36 million, compared to a net profit after tax of $6.32 million in FY 2025. This was driven by one-off non-cash impairment charges to production assets at Maari and Sampang, and writing-off previously capitalised costs in Paus Biru following the decision not to continue with Paus Biru. 23 Cue Energy Resources Limited Annual Report 2026
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