DNO NORTH SEA LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +24.7%

  £1,393,000 → £1,737,000

• Net assets

  +2.2%

  £273,299,000 → £279,213,000

• Employees

  -50%

  2 → 1

• Operating profit

  +220.7%

  -£10,478,000 → £12,642,000

• Profit before tax

  +143.5%

  -£13,591,000 → £5,914,000

• Wages

  -24.2%

  £339,000 → £257,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. DNO NORTH SEA LIMITED 2025-07-14 → present
2. DNO NORTH SEA PLC 2019-05-15 → 2025-07-14
3. FAROE PETROLEUM PLC 2003-06-19 → 2019-05-15
4. FAROE PETROLEUM LIMITED 2002-12-19 → 2003-06-19

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board of Directors has conducted a review of the going concern assumption, considering all relevant information available up to the date the annual report is issued and taking into account all available information for the period to 30 June 2026. DNO ASA has agreed to provide necessary financial support if required.”

Group structure

1. DNO NORTH SEA LIMITED · parent
   1. DNO North Sea (U.K.) Limited 100% · England · Oil and gas exploration
   2. DNO Norge AS 100% · Norway · Oil and gas exploration
   3. DNO Exploration UK Limited 100% · Scotland · Oil and gas exploration
   4. DNO North Sea (Energy) Limited 100% · England · Investment activities
   5. DNO North Sea SIP Employee Benefit Trust Limited 100% · England · Employee Benefit Trust Company

Significant events

• “In March 2025 DNO ASA announced that it has reached agreement to acquire 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of USD 450 million based on an enterprise value of USD 1.6 billion. The acquisition completed on 12 June 2024.”
• “On 18 June the Company issued a Prepayment and Cancellation notice in relation to the RBL notifying that it will repay all amounts due under the RBL on 25 June 2025. The Company had no outstanding borrowings under the RBL at 31 December 2024 or on the date of this report.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.