DNO ASA Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,474	666.8	667.5	1,377	1,004
Revenue Growth (YoY)	121.06%	-0.10%	-51.52%	37.14%	63.30%
Cost of Revenue	875.3	406.9	364.8	460.9	443.1
Gross Profit	598.7	259.9	302.7	916.1	561
Selling, General & Admin	39.5	16.7	15.7	12.8	10.8
Other Operating Expenses	37.1	28.8	31.3	25.5	34.6
Operating Expenses	78.2	232.7	108.6	484.6	189.3
Operating Income	520.5	27.2	194.1	431.5	371.7
Interest Expense	-79.4	-54	-47.9	-62.7	-83.6
Interest & Investment Income	35.1	38.1	36.5	12.9	1.7
Earnings From Equity Investments	7.7	3.3	11.9	6	-
Currency Exchange Gain (Loss)	1.7	9.2	8.4	-6.6	-5.8
Other Non Operating Income (Expenses)	-25.9	7.6	-46.5	-13.1	4.7
EBT Excluding Unusual Items	459.7	31.4	156.5	368	288.7
Impairment of Goodwill	-75.8	-47.7	-11	-21.5	-68.5
Gain (Loss) on Sale of Assets	16.2	3	5.8	-	-
Asset Writedown	-2.7	-	-	-	-
Pretax Income	397.4	-13.3	151.3	346.5	220.2
Income Tax Expense	422.6	13.8	132.7	-38.4	16.3
Net Income	-25.2	-27.1	18.6	384.9	203.9
Preferred Dividends & Other Adjustments	23.1	-	-	-	-
Net Income to Common	-48.3	-27.1	18.6	384.9	203.9
Net Income Growth	-	-	-95.17%	88.77%	-
Shares Outstanding (Basic)	975	975	980	987	975
Shares Outstanding (Diluted)	975	975	980	987	975
Shares Change (YoY)	-	-0.51%	-0.70%	1.18%	-0.03%
EPS (Basic)	-0.05	-0.03	0.02	0.39	0.21
EPS (Diluted)	-0.05	-0.03	0.02	0.39	0.21
EPS Growth	-	-	-95.13%	86.56%	-
Free Cash Flow	102.9	213.2	30.5	756.1	535
Free Cash Flow Per Share	0.11	0.22	0.03	0.77	0.55
Dividend Per Share	0.136	0.099	0.099	0.076	0.023
Dividend Growth	37.74%	0.41%	29.54%	235.33%	-2.71%
Gross Margin	40.62%	38.98%	45.35%	66.53%	55.87%
Operating Margin	35.31%	4.08%	29.08%	31.34%	37.02%
Profit Margin	-3.28%	-4.06%	2.79%	27.95%	20.31%
Free Cash Flow Margin	6.98%	31.97%	4.57%	54.91%	53.28%
EBITDA	827	327.1	367.8	1,014	616.5
EBITDA Margin	56.11%	49.05%	55.10%	73.62%	61.40%
D&A For EBITDA	306.5	299.9	173.7	582.2	244.8
EBIT	520.5	27.2	194.1	431.5	371.7
EBIT Margin	35.31%	4.08%	29.08%	31.34%	37.02%
Effective Tax Rate	106.34%	-	87.71%	-	7.40%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.