BlueNord's results for the second quarter 2025 are scheduled, as per the Company’s current financial calendar, to be announced by the Company on 10 July 2025 and to be approved by the Board of Directors of the Company prior to such announcement. Due to the proximity of the contemplated bond offering and BNOR15 buy-back, as further described in a separate announcement from the Company today, BlueNord provides the following selected, preliminary and estimated figures related to the Company’s Q2 2025 results:
- Preliminary production for month-to-date June 2025: 44.5 mboepd of which 21.7 mboepd is from the base assets Dan, Gorm and Halfdan and c.22.8 mboepd is from the Tyra hub. Highest production seen from Tyra per 23 June 2025 is c.28 mboepd.
- Estimated and preliminary EBITDA for Q2 2025 of c. USD 131 million.
- Estimated and preliminary Operating Cash Flow for Q2 2025 of c. USD 53 million.
- Estimated and preliminary Cash on Balance Sheet per 23 June 2025 of c. USD 429 million
The Company provides this information based on the current status of completing its second quarter 2025 results and report. It is emphasised that the second quarter 2025 has not ended, and further that the Company has not completed all its financial reporting and related consolidation, review and control procedures. The estimates provided in this release are therefore subject to finalisation and change. Consequently, the second quarter 2025 results finally approved and released by the Company may deviate from the information included herein.
The information provided in this release includes certain alternative performance measures ('APMs'). These APMs are consistent with those used in the Company's annual and quarterly financial statements and reference is made to the Company's annual report for 2024 for definition and use of the APMs.
Source: BlueNord
