DNO Exits Landmark Year Prepped for a Nervous and Frisky Market in 2026
Norway, Feb. 5 -- DNO ASA, the Norwegian oil and gas operator, reported a year-on-year doubling of revenues to USD 1,474 million in 2025, boosted by the June acquisition of Sval Energi Group AS in Norway. Cash from operations also more than doubled to USD 929 million, while operating profit increased to USD 513 million. Net profit stood at negative USD 25 million after deducting income tax and net financial expenses. A major milestone reached late last year was 500 million barrels produced from the Tawke license in the Kurdistan region of Iraq.Net production in 2025 rose 43 percent year-on-year to 110,700 barrels of oil equivalent per day (boepd), the highest in the Company's 54-year history, split between the North Sea (54,800 boepd), Kurd...
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