Cue Energy Resources Limited Directors' report 30 June 2026 25 Share-based compensation Issue of shares During FY 2026, 1,325,553 fully paid ordinary shares were issued to Matthew Boyall, the Chief Executive Officer upon the exercise on a cashless basis of 3,843,998 options granted as part of his compensation. Options The terms and conditions of each grant of options over ordinary shares affecting remuneration of KMP in this financial year or future reporting years are as follows: Name Number of options granted Grant Date Vesting date and exercisable date Expiry date Exercise price (Cents) Fair value at grant date (Cents) Matthew Boyall 1,102,607 16 July 2020 1 Jul 2023 1 July 2025 11.700 5.100 Matthew Boyall 1,714,612 30 Aug 2022 1 Jul 2025 1 July 2027 8.900 3.200 Matthew Boyall 2,129,386 8 Sep 2023 15 Apr 2026 1 July 2028 7.200 3.150 Matthew Boyall 1,325,526 15 Oct 2024 15 Apr 2026 1 July 2029 12.000 5.110 Matthew Boyall 1,215,929 19 Sep 2025 15 Apr 2026 1 July 2030 13.600 5.901 Options granted carry no dividend or voting rights. (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 2026. 2026 2025 2024 2023 2022 $'000 $'000 $'000 $'000 $'000 Production revenue from continuing operations 50,245 54,841 49,659 51,605 44,439 Profit/(loss) before income tax expense from continuing operations 7,293 19,658 25,322 19,881 21,756 Profit/(loss) after income tax expense 4,360 6,316 14,189 15,211 16,068 Total KMP remuneration settled by the Consolidated Entity 1,812 1,233 1,121 821 741 2026 2025 2024 2023 2022 Share price at start of year (cents) 11.50 10.50 5.60 6.50 6.00 Share price at end of year (cents) 9.90 11.50 10.50 5.60 6.50 Basic earnings/(loss) per share (cents) 0.62 0.90 2.03 2.18 2.30 Diluted earnings/(loss) per share (cents) 0.62 0.90 2.03 2.18 2.30 Dividend paid ($'000)* 5,248 13,978 13,967 - - Dividends paid (cents per share)* 0.75 2.0 2.0 - - * Dividends declared and approved may be paid during the subsequent financial year, these reflect when payment is made in the respective financial year. 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 99.76% of votes in support of its FY 2025 remuneration report at the 2025 Annual General Meeting. 38 Cue Energy Resources Limited Annual Report 2026
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