Cue Energy Resources Limited Notes to the financial statements 30 June 2026 Note 16. Key management personnel disclosures and related party disclosures (continued) 52 Consolidated 30 June 2026 30 June 2025 Short term employment benefits (including non-monetary benefits) 1,089,318 1,032,475 Cash bonuses^ 499,505 101,562 Long term benefits 32,687 (676) Post-employment benefits 44,220 37,894 Share-based payments 146,006 61,747 Total employee benefits 1,811,736 1,233,002 ^ The cash bonus included one-off special exertion payment of $150,000 and retention payment of $250,000 in relation to the takeover. Other related party transactions Repayment of amounts owing to the Company as at 30 June 2026 and all future debts due to the Company, by the controlled entities are subordinated in favour of all other creditors. The Company has agreed to provide sufficient financial assistance to the controlled entities as and when it is needed to enable the controlled entities to continue operations. The Company provides management, administration and accounting services to the subsidiaries. No management fees were charged to subsidiaries in the FY 2026 or FY 2025. Prior to Horizon’s acquisition of 57.03% interest in Cue, the Consolidated Entity’s immediate parent company was Echelon Resources Limited (Echelon), a company domiciled in New Zealand. Echelon’s immediate parent entity is O.G. Oil & Gas (Singapore) Pte Ltd. (OGOG), a company incorporated in Singapore and its ultimate parent company is O.G. Energy Holdings Ltd. (OGE). During the financial year, Echelon provided a range of services to the Consolidated Entity under consulting agreements that were on normal commercial terms. These arrangements have been discontinued with effect from 31 August 2026 with a new services agreement put in place with Horizon Oil Limited on normal commercial terms. Consolidated 30 June 2026 30 June 2025 $'000 $'000 Transaction with other related parties: Consulting services received from immediate parent company and directors 485 549 Services provided by entities controlled by KMP - 49 The Consolidated Entity enters into operating arrangements where it has joint control over the respective venture’s oil and gas net assets, described in note 22. In each of the joint operations, the participants appoint an operator to act on their behalf in managing operations (the Operator). All financial relationships with the Operator are on an arm’s length basis. 65 Cue Energy Resources Limited Annual Report 2026
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