Panoro Energy – Fourth Quarter 2022 Trading and Financial Update
Oslo, 22 February 2023 – Panoro Energy ASA (“Panoro” or the “Company”) today announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million. The Company has maintained a conservative leverage profile with net debt of USD 46.8 million at year end representing a net debt to EBITDA ratio of just 0.37x. In line with its previously communicated 2023 Shareholder Returns Policy the Company has today declared an inaugural quarterly cash dividend of NOK 0.2639 per share to be paid on