Cue Energy Resources Limited Notes to the financial statements 30 June 2026 Note 12. Non-current liabilities - provisions (continued) 47 The provision of future restoration costs is the best estimate of the present value of the future expenditure required to settle the restoration obligation at the reporting date, based on current legal requirements. Future restoration costs are reviewed annually and any changes in the estimate are reflected in the present value of the restoration provision at the reporting date, with a corresponding change in the cost of the associated asset. When the liability is initially recognised, the present value of the estimated costs is capitalised by increasing the carrying amount of the related oil and gas assets to the extent that it was incurred by the development/construction of the field, any subsequent changes to the provision, excluding the unwinding of interest in producing assets, commensurately changes the carrying amount of the related oil and gas asset. Note 13. Equity - contributed equity Consolidated 30 June 2026 30 June 2025 30 June 2026 30 June 2025 Shares Shares $'000 $'000 Ordinary shares - fully paid 703,170,743 699,092,624 153,065 152,630 Ordinary shares entitle the holder to vote, either in person or by proxy at a meeting of the Company, receive dividends as declared and, in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid on the shares held. The Company has an unlimited authorised capital and the shares have no par value. Capital management When managing capital, management's objective is to ensure the entity continues as a going concern as well as continued optimal return for shareholders and benefits for other stakeholders. Management will assess the capital structure of the entity to take advantage of favourable costs of capital or high returns on assets. Management may recommend declaring a dividend to be paid to shareholders, returning capital to shareholders or issuing new shares. 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. The gearing ratio is nil at 30 June 2026 and 30 June 2025. Accounting policy for contributed equity Ordinary share capital is recognised at the fair value of the consideration received by the Company. Any transaction costs arising on the issue of ordinary shares are recognised directly in equity as a reduction of the share proceeds received. Ordinary share capital bears no special terms or conditions affecting income or capital entitlements of the shareholders. 60 Cue Energy Resources Limited Annual Report 2026
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