Cue Energy Resources Limited Notes to the financial statements 30 June 2026 56 Note 23. Reconciliation of profit after income tax to net cash from operating activities Consolidated 30 June 2026 30 June 2025 $'000 $'000 Profit after income tax expense for the year 4,360 6,316 Adjustments for: Share-based payments 369 140 Finance costs associated with abandonment provision 389 494 Impairment of production asset 4,405 - Development activities written off 4,188 - Depreciation 81 82 Amortisation 9,670 8,854 Net gain/(loss) on foreign currency conversion 457 (435) Change in operating assets and liabilities: (Increase) in trade and other receivables (1,099) (3,493) (Increase)/decrease in inventories (838) 1,203 (Increase)/decrease in deferred tax assets (764) 5,044 Increase in trade and other payables 774 2,241 Increase in contract liabilities 134 67 Increase in tax liabilities 151 702 (Decrease)/increase in deferred tax liabilities (2,470) 2,605 Increase in provisions 35 14 Net cash from operating activities 19,842 23,834 Note 24. Earnings per share Consolidated 30 June 2026 30 June 2025 $'000 $'000 Profit after income tax 4,360 6,316 Number Number Weighted average number of ordinary shares used in calculating basic earnings per share 700,500,546 698,758,220 Weighted average number of ordinary shares used in calculating diluted earnings per share 703,416,019 698,758,220 Cents Cents Basic earnings per share 0.62 0.90 Diluted earnings per share 0.62 0.90 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. 69 Cue Energy Resources Limited Annual Report 2026
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