Dno ASA
OTC:DTNOY
Dno ASA
DNO ASA engages in the exploration, development, and production of international oil and gas. The company is headquartered in Oslo, Oslo and currently employs 1,327 full-time employees. The company is engaged in the acquisition, development and operation of oil and gas properties. Its activities are primarily undertaken in the Middle East and the North African (MENA) region. The company holds stakes in oil and gas blocks in various stages of exploration, development and production both onshore and offshore in the Kurdistan region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, the Tunisian Republic and Somaliland. The firm operates through its head office in Oslo, and a network of offices throughout the MENA region. Its subsidiaries include DNO Yemen AS, DNO UK Ltd, DNO Invest AS, DNO Tunisia AS, DNO Iraq AS, DNO Mena AS and Origo Exploration Holding AS.
DNO ASA engages in the exploration, development, and production of international oil and gas. The company is headquartered in Oslo, Oslo and currently employs 1,327 full-time employees. The company is engaged in the acquisition, development and operation of oil and gas properties. Its activities are primarily undertaken in the Middle East and the North African (MENA) region. The company holds stakes in oil and gas blocks in various stages of exploration, development and production both onshore and offshore in the Kurdistan region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, the Tunisian Republic and Somaliland. The firm operates through its head office in Oslo, and a network of offices throughout the MENA region. Its subsidiaries include DNO Yemen AS, DNO UK Ltd, DNO Invest AS, DNO Tunisia AS, DNO Iraq AS, DNO Mena AS and Origo Exploration Holding AS.
Record Production: DNO achieved its highest-ever net production in 2025, reaching 110,700 barrels of oil equivalent per day, up 43% year-on-year.
Revenue Surge: Annual revenue more than doubled to $1.474 billion, strongly boosted by the Sval Energi acquisition.
Operating Profit Growth: Operating profit rose to $513 million, a substantial increase over previous years.
Net Profit Impacted: Net profit was negative $25 million due to high financing costs and a tax rate above 100%, mainly tied to Norwegian operations.
Dividend Commitment: DNO continued its quarterly dividends, with $130 million paid in 2025 and a new NOK 0.375/share dividend approved.
Kurdistan Resilience: Operations in Kurdistan rebounded after disruptions, with drilling ramping up and a focus on payment security.
North Sea Expansion: The Sval acquisition transformed the North Sea portfolio, with 86% of group revenue now from this region.
Positive 2026 Outlook: DNO is guiding for further production growth, increased investment, and pursuing new M&A opportunities amid market uncertainty.
