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DNO — DNO ASA News Story

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Brief: DNO FY 2025 EBIT At $512.8 Mln

Feb 5 (Reuters) - Dno ASA DNO.OL:

DNO FY FREE CASH FLOW USD -37.4 MILLION

DNO FY NET INCOME USD -25.2 MILLION

DNO FY REVENUE USD 1,474 MILLION VERSUS. IBES ESTIMATE USD 1,592 MILLION

DNO FY EBIT USD 512.8 MILLION

NET PRODUCTION IN 2025 ROSE 43 PERCENT YEAR-ON-YEAR TO 110,700 BARRELS OF OIL EQUIVALENT PER DAY

AUTHORIZED A DIVIDEND OF NOK 0.375 PER SHARE PAYABLE IN FEBRUARY, MAINTAINING QUARTERLY DISTRIBUTION AT SAME LEVEL AS LAST QUARTER.

PLANNED OPERATIONAL SPEND ON EXISTING PORTFOLIO WILL BE $1,650 MILLION IN 2026, UP FROM $1,550 MILLION IN 2025

PROJECTS 2026 NET PRODUCTION TO CLIMB 10 PERCENT FROM 136,000 BOEPD  TO 150,000 BOEPD IN 2026

CONTINUES TO SELL OIL ON CASH-AND-CARRY BASIS UNDER EXISTING CONTRACTS WITH LOCAL BUYERS AT PRICE IN LOW $30S

AIMS TO ACCESS EXPORT MARKETS OR EXPORT PRICES LATER IN YEAR

Q4 NET PRODUCTION OF 88,300 BOEPD IN NORTH SEA AND 58,000 BOEPD IN KURDISTAN

Source text: ID:nGNEb4nFj5

Further company coverage: DNO.OL

 (Gdansk Newsroom)

 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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