DNO ASA
Score · fiscal year 2024
43of 100
How to read this: the company is ahead of 40 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 200 of 324 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 13 and solidity 55 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
DNO ASA is 4 points below the median for medium-sized companies in the same sector in 2024.
Median score 47 among 120 companies.
Against medium-sized companies in the same sector in 2024: operating margin −60.4% (median 6.2%) and equity ratio 34.6% (median 31.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 270 MNOK | 267 MNOK |
| Operating margin | −60.4% | 6.2% |
| Profit margin | 56.2% | 8.3% |
| Return on assets | 3.0% | 12.7% |
| Equity ratio | 34.6% | 31.7% |
| Debt-to-equity | 1.89 | 1.96 |
| Current ratio | 14.15 | 1.25 |
| Revenue growth | 0.4% | 14.0% |
| Revenue per employee | 4.65 MNOK | 4.05 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 43, DNO ASA does better than 40% of medium-sized companies in the same sector (120 companies) in 2024.
Score 2023–2025
- DNO ASA
- Median: medium-sized companies in the same sector
What the numbers say
DNO ASA had an operating margin of −60.4% and an equity ratio of 34.6% in 2024, and ranks 200 of 324 in Olje og gass.
From 2023 to 2024: the operating margin rose from −73.6% to −60.4% and the equity ratio fell from 50.7% to 34.6%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 141 MUSD and 496 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 141 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 496 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 −60.4% (median 6.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.0% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
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 1.6%. 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 | 13 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 100 | weight 15% |
| Growth | 28 | weight 15% |
| Consistency | 39 | weight 15% |
Durability: 51 (average over 2 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 −60.4% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 3.0%.
How solid is DNO ASA?
The equity ratio was 34.6% in 2024 (median 31.7%). Debt-to-equity was 1.89 (median 1.96).
What is the liquidity of DNO ASA like?
The current ratio was 14.15 in 2024 (median 1.25).
How does DNO ASA compare in Olje og gass?
DNO ASA ranks 200 of 324 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 72 of 120. Revenue changed by 0.4% from the year before.
Group accounts · 2025
47 of 100
Rank 802 of 1413 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 1,603 MUSD
- ≈ 16,657 MNOK at Norges Bank's rate for the period
- Operating profit, group
- 513 MUSD
- ≈ 5,331 MNOK at Norges Bank's rate for the period
- Profit before tax, group
- 398 MUSD
- ≈ 4,136 MNOK at Norges Bank's rate for the period
- Total assets, group
- 5,998 MUSD
- ≈ 60,454 MNOK at Norges Bank's rate for the period
- Equity, group
- 1,329 MUSD
- ≈ 13,395 MNOK at Norges Bank's rate for the period
The group accounts are in USD. Amounts are shown in USD, with NOK below. Ratios are computed in USD.
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 32.0% | – |
| Return on assets | 9.2% | – |
| Equity ratio | 22.2% | – |
| Current ratio | 0.93 | – |
| Revenue growth | 140.3% | – |
Group index in earlier years: 2023: 74 (274 of 1810), 2024: 42 (961 of 1452).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 921526121
- Legal form
- ASA · part of a group
- Sector
- Olje og gass (06.100)
- Size tier
- medium
- 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 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.dno.no
- LEI
- 5967007LIEEXZXH3K072 renews 2 December 2026
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 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 60 | 43 | 52 | |
| Rank | 106 | 200 | 144 | |
| 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). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2024–31 December 2024: 10.7433 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| 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 6300621.
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