• 1 cent per share interim dividend declared, returning $7 million to shareholders
• Cash increased by 5% to $17.1 million due to strong cash generation
• Production assets continue to deliver strong performance, generating $27.1 million in revenue

CUE Energy Resources Ltd has reported $27.1 million revenue for the half-year ending 31 December 2024 and has declared an interim dividend of $0.01 (1 cent) per share. This aligns with Cue's ongoing dividend policy, which focuses on delivering sustainable returns to shareholders. Including this dividend, a total of $28 million will have been returned to shareholders since the start of 2024. Cue's Indonesian assets, Mahato PSC and Sampang PSC, generated $15.3 million in revenue, while the Maari field contributed $6.3 million and the company's onshore Australian assets, including Mereenie, Palm Valley and Dingo, contributed $5.5 million. Profit was impacted by higher production costs associated with cost recoverable tax charges and increased production activities at Mahato, as well as an unplanned workover and general cost increases at Maari. Cue's cash balance increased by 5% to $17.1 million at 31 December 2024, up from $16.3 million on 30 June 2024. The company has made significant progress in 1H FY2025, laying the foundation for future production growth across its portfolio, including opportunities to increase its participating interest in Paus Biru, further development drilling at Mahato, and appraisal and development activities at Mereenie and Palm Valley.

Strong oil prices benefit Mahato and Maari oil sales, which are based on Brent benchmark pricing. Recently announced Australian gas contracts have been signed at prices reflecting current market conditions and at higher levels than historical rates.

Cue has the opportunity to increase its participating interest in Paus Biru by 10% ahead of a planned Final Investment Decision (FID), Mahato development drilling continues to deliver positive results, and well performance at Mereenie supports further drilling in Australia. The company expects to continue to optimize production at the Maari field.