FY2025 Full Year Results and Final Dividend
| Stock | CUE Energy Resources Ltd (CUE.ASX) |
|---|---|
| Release Time | 22 Aug 2025, 9:45 a.m. |
| Price Sensitive | Yes |
FY2025 Full Year Results and Final Dividend
- Final dividend of 0.5 cents per share declared, returning $3.5 million to shareholders
- Total of 1.5 cents per share ($10.5 million) in dividends declared for FY2025, delivering 14% yield
- $54.8 million revenue reported, a 10% increase from the prior year
Cue Energy Resources Limited (ASX:CUE) has released its Full Year 2025 (FY2025) results, reporting a 10% increase in revenue from ordinary activities to $54.8 million and EBITDAX1 of $30.3 million, reflecting continued strong underlying performance. A final dividend of 0.5 cent per share has been declared, bringing the total dividend for FY2025 to 1.5 cents per share. Cue CEO Matthew Boyall commented on the results, 'Cue delivered strong revenue, navigating a year of global uncertainties and oil price volatility, a testament to the strength of our diversified portfolio. The FY2025 final dividend marks the fourth consecutive dividend declared under our dividend policy, with a total shareholder return of $31.5 million over two years. The reduction in the final dividend to half a cent per share reflects Cue's pending investment and capital management decisions while rewarding shareholders with a very attractive 14% yield over FY20252. We saw significant development activities during the year, with eleven oil production wells completed in the Mahato PSC and two gas wells at Mereenie entering production. Capital expenditure on accelerated Mahato development impacted profit and cashflow in the short term but is expected to support future production and returns. Consistent operational performance across our portfolio resulted in $24 million in net operating cashflow, demonstrating the strong cash-generating capabilities of Cue's assets. Our total production from all assets has remained relatively stable at 602 mboe with increased production from Mahato and Mereenie offsetting field declines at Sampang. Development activity is expected to continue with progress being made towards Paus Biru FID, where we have the opportunity to increase our participating interest by 10% to 25% at the expiry of the current PSC term, and in Mahato PSC, where the focus is expected to shift to development of the Telisa reservoir.'
Cue expects to continue growing production and reserves and enhancing the performance of its existing assets in FY2026. This includes development activities at the Mahato PSC, Maari field, and onshore Australia assets, as well as progress towards FID on the Paus Biru development.
In FY2026, Cue will focus on growing production and reserves and enhancing the performance of its existing assets. This includes development activities at Mahato, Maari, and onshore Australia, as well as progress towards FID on the Paus Biru development. Cue will also continue to assess new venture opportunities as part of its strategy.