Appendix 4D and Half Year Report
| Stock | CUE Energy Resources Ltd (CUE.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 9:42 a.m. |
| Price Sensitive | Yes |
Cue Energy Resources Ltd Reports Half-Year Results
- 0.25 cent per share ($1.75 million) interim dividend declared
- Production assets continued to deliver strong performance, generating $25.7 million in revenue
- Profit up 18%, with EBITDAX of $13.5 million
Cue Energy Resources Ltd reported a net profit after tax of $5.11 million for the half-year ended 31 December 2025, up 17.8% from the previous corresponding period. This was driven by lower tax expenses, as the company derecognized future tax losses in the prior period. Revenue from operations was $25.7 million, down 5.2% from the previous half-year, mainly due to declining gas production at the Sampang PSC and a decrease in oil price impacting the Maari field. EBITDAX, a key financial metric for the company, was $13.5 million. The company's production assets continued to deliver strong performance, with the Australia Onshore assets (Mereenie, Palm Valley and Dingo fields) contributing $6.5 million in revenue. Cue also announced the execution of a Letter of Intent with the Northern Territory Power and Water Corporation for gas sales from the Mereenie and Palm Valley fields through to 2034, supported by the drilling of four new development wells scheduled for the second half of 2026. In Indonesia, the PB field in the Mahato PSC contributed $11.1 million in revenue, while the Oyong and Wortel fields in the Sampang PSC saw declining gas production. The company's cash and cash equivalents position remained strong at $11.2 million as of 31 December 2025.
The company declared an interim dividend of $0.0025 (0.25 cent) per fully paid ordinary share, payable on 26 March 2026.
Cue Energy Resources Ltd is focused on executing its growth strategy, including the drilling of four new development wells in the Australia Onshore assets and the planned Phase 3 development at the Mahato PSC in Indonesia, which is expected to start during the 2026 calendar year.