BlueNord Announces Second Quarter and First Half 2025: Increased Contribution from Tyra & Proposing Cash Dividend for the Quarter
BlueNord Announces Second Quarter and First Half 2025: Increased Contribution from Tyra & Proposing Cash Dividend for the Quarter |
[10-July-2025] |
OSLO, Norway, July 10, 2025 /PRNewswire/ -- BlueNord ASA ("BlueNord" or the "Company") today published its second quarter and First Half 2025 results, highlighting robust base production, continued progress and significant increased contribution from the Tyra hub and a strong liquidity position of USD 718 million. In addition, BlueNord is proposing a cash dividend of USD 49 million for Q2 2025, bringing the total distributions to USD 302 million. Highlights:
Operational Financial "The second quarter of 2025 has been pivotal for BlueNord: not only have we made significant progress in delivering the full value of the Tyra hub, we also declared our first distribution and refinanced an instrument to eliminate significant potential equity dilution. As Tyra continues to move towards operating at steady-state levels, our production has increased more than 90% quarter-on-quarter and the hub is driving significant increases in profitability and cash flow. Our strategy remains clear: maximise cash flow from our producing asset base and return a substantial portion of that to shareholders. Backed by a robust capital structure, a low-cost production profile, and a long horizon for further investment, BlueNord continues to be well positioned to deliver sustainable value to all stakeholders," said Euan Shirlaw, Chief Executive Officer of BlueNord. The report and investor presentation may be downloaded from the Company's website www.bluenord.com or www.newsweb.no. The Company will host a webcast today at 10:00 CEST. To join webcast: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250710_2 Contact: This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Cathrine Torgersen, Chief Corporate Affairs Officer, BlueNord ASA, at the date and time as set out above. This information was brought to you by Cision http://news.cision.com The following files are available for download:
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Company Codes: Bloomberg:BNOR@NO, ISIN:NO0010379266, Oslo:BNOR, RICS:BNOR.OL |