DNO ASA
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 56 % of companies in the same sector in 2025. What does this mean?
Rank: 257 of 584 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 39 and solidity 47 out of 100 among companies in the same sector in 2025. Methodology
Against the sector
DNO ASA is 3 points above the median for companies in the same sector in 2025.
Median score 49 among 584 companies. The size tier was too small, so the company is compared with the whole sector.
Against companies in the same sector in 2025: operating margin −85.9% (median 9.7%) and equity ratio 42.6% (median 41.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | −85.9% | 9.7% |
| Profit margin | 820.6% | 13.1% |
| Return on assets | 15.3% | 6.5% |
| Equity ratio | 42.6% | 41.1% |
| Debt-to-equity | 1.35 | 1.33 |
| Current ratio | 4.40 | 1.11 |
| Revenue growth | 12.3% | 4.7% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 52, DNO ASA does better than 56% of companies in the same sector (589 companies) in 2025.
Score 2023–2025
- DNO ASA
- Median: companies in the same sector
What the numbers say
DNO ASA had an operating margin of −85.9% and an equity ratio of 42.6% in 2025, and ranks 257 of 584 in Olje og gass.
From 2024 to 2025: the operating margin fell from −60.4% to −85.9% and the equity ratio rose from 34.6% to 42.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 962 MUSD and 2,316 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,316 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 962 MUSD |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −85.9% (median 9.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Reports in a currency other than NOK
- watch No exchange rate: amounts are left out of comparisons
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 39 | weight 30% |
|---|---|---|
| Solidity | 47 | weight 25% |
| Liquidity | 78 | weight 15% |
| Growth | 63 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is DNO ASA?
The operating margin was −85.9% in 2025, against a median of 9.7% among companies in the same sector. Return on assets was 15.3%.
How solid is DNO ASA?
The equity ratio was 42.6% in 2025 (median 41.1%). Debt-to-equity was 1.35 (median 1.33).
What is the liquidity of DNO ASA like?
The current ratio was 4.40 in 2025 (median 1.11).
How does DNO ASA compare in Olje og gass?
DNO ASA ranks 257 of 584 in Olje og gass for 2025. Revenue changed by 12.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 921526121
- Legal form
- ASA · part of a group
- Sector
- Olje og gass (06.100)
- Employees
- 58 registered 10 September 2026
- Founded
- 6 August 1971 55 years in operation
- Share capital
- 243.75 MNOK
- Business address
- Dokkveien 1, 0250 OSLO
- Municipality
- Oslo rank 211 of 357 nationally
- Latest accounts filed
- 2025
- Website
- www.dno.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Christopher Thomas Hyde Spencer
- Chair of the board
- Bijan Mossavar Rahmani
- Board member
- Elin Karfjell
- Board member
- Anita Marie Hjerkinn Aarnæs
- Board member
- Gunnar Hirsti
- Board member
- Najmedin Meshkati
- Board member
- Grethe Kristin Moen
- Board member
- Faris Jaafar Hussein
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 53 | 44 | 52 | |
| Rank | 242 | 347 | 257 | |
| Operating margin | −73.6% | −60.4% | −85.9% | |
| Return on assets | 14.7% | 3.0% | 15.3% | |
| Equity ratio | 50.7% | 34.6% | 42.6% | |
| Current ratio | 2.70 | 14.15 | 4.40 | |
| Revenue growth | – | 0.4% | 12.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 25.0 MUSD | 25.1 MUSD | 28.2 MUSD |
| Operating profit | −18.4 MUSD | −15.2 MUSD | −24.2 MUSD |
| Profit before tax | 86.7 MUSD | 14.1 MUSD | 231.6 MUSD |
| Net profit | 86.7 MUSD | 14.1 MUSD | 231.6 MUSD |
| Financial expenses | 84.3 MUSD | 28.4 MUSD | 114.0 MUSD |
| Total assets | 1,160.0 MUSD | 1,432.7 MUSD | 2,256.9 MUSD |
| Current assets | 474.2 MUSD | 763.5 MUSD | 258.3 MUSD |
| Equity | 587.7 MUSD | 496.2 MUSD | 962.4 MUSD |
| Retained earnings | 211.2 MUSD | 119.7 MUSD | 192.4 MUSD |
| Total liabilities | 572.3 MUSD | 936.5 MUSD | 1,294.6 MUSD |
| Current liabilities | 175.7 MUSD | 54.0 MUSD | 58.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7141179.
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