Business
BlueNord Announces Fourth Quarter 2025 Results and Proposed Cash Dividend for the Quarter
BlueNord ASA ("BlueNord" or the "Company") has today announced its financial results for the fourth quarter and full year of 2025, delivering another quarter of robust operational and financial performance. As a result, BlueNord is proposing a cash dividend of USD 115 million for Q4 2025, representing 70 percent of net cash flow from operating activities for the period.
About this update from Bluenord Asa
[{"type":"text","content":"OSLO, Norway, Feb. 24, 2026 /PRNewswire/ -- BlueNord ASA ("BlueNord" or the "Company") has today announced its financial results for the fourth quarter and full year of 2025, delivering another quarter of robust operational and financial performance. As a result, BlueNord is proposing a cash dividend of USD 115 million for Q4 2025, representing 70 percent of net cash flow from operating activities for the period.","length":441,"tagName":"p"},{"type":"text","content":"Highlights: ","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net hydrocarbon production of 42.4 mboepd (39.1 mboepd in Q3 2025)","length":66,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenues of USD 270 million (USD 246 million in Q3 2025)","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Lifting cost of USD 13 per boe, in line with steady-state post-Tyra guidance","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA of USD 186 million (USD 131 million in Q3 2025)","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating cash flow of USD 168 million (USD 128.5 million in Q3 2025)","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Proposed cash dividend for the quarter of USD 115 million, with total paid and proposed distributions in 2025 exceeding USD 500 million","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Halfdan North and Valdemar Bo South development projects being reworked to enhance returns, with lower expected annual capital expenditure of USD 100-150 million over 2027-2030","length":176,"tagName":"p"}]},{"val":[{"type":"text","content":"Refinancing of existing RBL agreed and expected to close imminently, extending maturity to 31 December 2031 with no amortisation until end 2028","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong liquidity position of USD 493 million based on revised RBL facility","length":74,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":849,"olType":false},{"type":"text","content":"OperationalBlueNord delivered total net production of 42.4 mboepd in the fourth quarter of 2025, within the guidance range of 42.0–50.0 mboepd and representing the highest quarterly production in the Company's history. The performance reflects continued ramp-up at the Ty...