Cue Energy Resources (ASX:CUE) announced its financial results for the first half of the 2026 financial year, underpinned by an 18% increase in half-year profit to $5.1 million.
The company reported total revenue of $25.7 million for the period ended Dec. 31, 2025, supported by a solid underlying EBITDAX of $13.5 million.
Despite distributing $3.5 million in dividends during the half-year, Cue's cash position grew by 3% to $11.2 million compared to June 2025.
In line with its capital management strategy, the board declared an interim dividend of 0.25 cents per share, representing a total return of $1.8 million to shareholders.
This brings the company's total shareholder returns to over $33 million across the past two years.
CEO Matthew Boyall noted that while the dividend reflects a reduction from recent levels, the adjustment allows the company to prioritise high-return growth initiatives.
Key to Cue's long-term outlook is a pending gas sales agreement extending to 2034, which is expected to increase the company’s contracted gas position in the Northern Territory by over 150%.
Cue is investing in four planned development wells at the Mereenie and Palm Valley fields, scheduled for the second half of 2026.
At the time of reporting, Cue Energy Resources' share price was $0.12.