Cue Energy Declares Final Dividend Amid Strong FY2024 Performance

Cue Energy Limited (ASX: CUE) has announced its FY2024 results, highlighting a steady revenue of AU$49.7 million and a 6% increase in EBITDA to AU$32.8 million, driven by robust operational performance. The company declared a final dividend of 1 cent per share, adding AU$7 million to shareholders' returns. Combined with a special dividend paid in April 2024, Cue has returned a total of AU$21 million to shareholders this year. Despite a slight 7% dip in after-tax profit to AU$14.2 million, Cue generated AU$26.9 million in net cash from operations and ended the year with a AU$16.3 million cash balance and no debt. The company maintained stable production levels at 631mboe and anticipates further growth with the approval of 16 new development wells across key fields.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com