DNO ASA Reports Q1 Profit and Strategic Acquisition of Sval Energi

DNO ASA ( (GB:0MHP) ) has provided an update.

DNO ASA reported a first-quarter 2025 operating profit of USD 28 million, driven by revenues of USD 188 million, marking a quarter-on-quarter increase. The company announced a USD 1.6 billion acquisition of Sval Energi Group AS, which is expected to significantly enhance its North Sea operations, quadrupling its proven and probable reserves and production. The acquisition positions the North Sea as DNO’s largest production contributor, with the company ranking among the top ten producers in Norway. Despite challenges, DNO maintained strong operational performance, particularly in the Kurdistan region, and secured a USD 600 million bond placement, reflecting its robust financial strategy.

More about DNO ASA

DNO ASA is a Norwegian oil and gas operator founded in 1971 and listed on the Oslo Stock Exchange. The company is active in the Middle East, the North Sea, and West Africa, holding stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions such as the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, and Yemen.

Average Trading Volume: 2,602,130

Current Market Cap: NOK12.31B

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