DJ Kygo withdraws $2.9 million in dividends amid company profit dip

Internationally acclaimed Norwegian DJ Kygo, born Kyrre Gørvell-Dahll, has significantly boosted his personal dividend payout, withdrawing 29 million kroner from his Norwegian company, Kygo AS, in 2025. This marks a substantial increase from the 9 million kroner distributed in 2024.

However, the company's financial performance saw a downturn. Operating profit for Kygo AS dropped to 6.1 million kroner in 2025, down from 9.1 million kroner the year prior. Profit before tax also decreased sharply, falling from 43.7 million kroner to 20.6 million kroner.

Despite the dip in operational profits, the large dividend payout is reportedly linked to personal tax considerations and the purchase of a new apartment in Oslo's Tjuvholmen district, which Kygo acquired with his partner, artist Victoria Nadine. His mother and chairwoman of Kygo AS, Kjersti Gjerde, described 2025 as a "good year" for the company, even amidst global geopolitical uncertainty.

Kygo AS serves as the parent company for a group with considerable international holdings. It owns 100% of the British firm Sonnicx Music Ltd. and has smaller stakes in other companies. At the end of 2025, the company also held 182.5 million kroner in stock and bond funds. The equity in Kygo AS stood at 153.8 million kroner, a decrease from 171.4 million kroner the previous year. Beyond these assets, Kygo is a co-founder of the US-based Palm Tree Crew, a company involved in music festivals, beach clubs, and artist management, which was valued at over two billion Norwegian kroner after a recent capital raise.

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We consider 2025 a good year, despite the geopolitical unrest in the world.