DNO ASA reported a doubling of revenues to USD 1,474 million in 2025, with cash from operations more than doubling to USD 929 million. Net production rose to 110,700 boepd, with significant growth in the North Sea and Kurdistan. The company restarted drilling in Kurdistan and plans to increase net production to 150,000 boepd in 2026.

DNO ASA paid dividends of USD 130 million to shareholders in 2025 and authorized a dividend of NOK 0.375 per share for February. The company plans to spend USD 1,650 million in operational expenses in 2026, with a focus on drilling in Kurdistan. DNO remains active in exploration in Norway and the North Sea, with plans for further development.

Executive Chairman Bijan Mossavar-Rahmani stated that DNO does not do nervous, but it does do frisky, in response to geopolitical uncertainties in the oil market. The company aims to take advantage of stable cash generation and available credit to pursue attractive acquisition opportunities. DNO remains focused on growth and expansion in its key operating regions.

Read more at GlobeNewswire: DNO Exits Landmark Year Prepped for a Nervous and Frisky