SBM Offshore starts EUR227 million share repurchase following completion of the 2025 program
Rhea-AI Summary
SBM Offshore (OTC:SBFFF) completed a EUR141 million share repurchase program (6,178,569 shares at an average EUR22.85) and launched a new EUR227 million (US$270m) repurchase program effective Feb 27, 2026. Up to US$30 million of repurchased shares may be used for management and employee plans; the remainder will be cancelled. The EUR227 million program is expected to finish by Feb 17, 2027 and will be executed under AGM authorization and safe-harbor procedures, with weekly market updates in line with EU Market Abuse Regulation.
Positive
- Completed EUR141m repurchase: 6,178,569 shares bought
- Announced EUR227m new buyback to reduce share capital
- Up to US$30m of repurchased shares reserved for employee programs
Negative
- EUR227m cash allocated to buyback may limit other capital uses
- Program may execute during closed periods, reducing short-term trading transparency
Key Figures
Market Reality Check
Peers on Argus
SBFFF edged up 0.15% while key peers were mostly flat; one peer rose 0.02% and another fell 1.57%, suggesting a stock-specific reaction to the buyback news rather than a broad sector move.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 04 | Buyback progress update | Positive | +0.1% | Reported buyback completion at 92.95% of the EUR141 million program. |
| Jan 28 | Buyback progress update | Positive | +28.3% | Disclosed 90.69% completion of EUR141.19 million repurchase with new weekly buys. |
| Jan 21 | Buyback progress update | Positive | +28.3% | Detailed cumulative EUR125.03 million repurchased, 88.56% of program completed. |
| Jan 14 | Buyback progress update | Positive | +28.3% | Announced 86.71% completion with EUR122.42 million spent under buyback. |
| Jan 07 | Buyback progress update | Positive | +28.3% | Reported 84.70% completion with EUR119.59 million repurchased to date. |
Recent buyback-related headlines have generally coincided with positive price reactions, with past same-tag events averaging a 22.68% move.
Over recent months, SBM Offshore has focused on its EUR141 million share repurchase program, providing weekly updates as completion rose from 84.70% to 92.95% and finally to 100%. These updates often accompanied substantial positive moves, with average same-tag reactions of 22.68%. Alongside buybacks, the company completed the sale of FPSO ONE GUYANA for about US$2.32 billion, using proceeds to repay US$1.74 billion of project financing. Today’s launch of a new EUR227 million program continues this capital return focus.
Historical Comparison
In the past months, SBM Offshore issued 5 buyback updates averaging a 22.68% move. Launching a larger EUR227 million program extends a pattern of market-sensitive capital return news.
Same-tag history shows the prior EUR141 million buyback advancing from ~85% to full completion, with today’s announcement transitioning into a new EUR227 million authorization.
Market Pulse Summary
This announcement marks the completion of a EUR141 million repurchase and the launch of a new EUR227 million buyback aimed at capital reduction and employee programs. Historically, buyback updates have coincided with notable moves, averaging 22.68%. Investors may watch the pace of repurchases, future weekly disclosures, and upcoming milestones such as the April 15, 2026 AGM and 2026 earnings dates for additional context.
Key Terms
market abuse regulation regulatory
safe harbor provisions regulatory
alternative performance measures (apms) financial
ifrs financial
AI-generated analysis. Not financial advice.
Amsterdam, February 26, 2026
SBM Offshore announces the completion of its EUR141 million share repurchase program initiated in 2025, and the commencement of a EUR227 million (US
EUR227 million share repurchase program
The objective of the EUR227 million share repurchase program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs (maximum US
The share repurchase program will be executed under the terms of an engagement letter with a third party, performed in compliance with the safe harbor provisions for share repurchases, and therefore transactions may be carried out during closed periods.
In accordance with the European Market Abuse Regulation, the Company will inform the market of the progress made in the execution of this program through weekly press releases and updates on its website.
Completion EUR141 million share repurchase program
Between April 24, 2025 and February 26, 2026 a total of 6,178,569 shares were repurchased, at an average price of EUR22.85 per share, representing a total of EUR141 million. Information regarding the aggregate of the transactions (calculated on a daily basis) for the period in which the program was executed can be found in the top half of the table below. Further details about individual transactions can be accessed via the Investor Relations section of the Company’s website.
The repurchases were made under the program announced on February 20, 2025 and effective from April 24, 2025. The objective of the program was to reduce share capital and, in addition, to provide shares for regular management and employee share programs.
Final Period Share Repurchase Program Transaction Details
SBM Offshore reports the transaction details related to the repurchases under the program for the last trading day, February 26, 2026, in the bottom half of the table below.
| Share Repurchase Program | ||||||
| Overall progress Share Repurchase Program: | ||||||
| Total Repurchase Amount | EUR 141,189,019 | |||||
| Cumulative Repurchase Amount | EUR 141,189,058 | |||||
| Cumulative Quantity Repurchased | 6,178,569 | |||||
| Cumulative Average Repurchase Price | EUR 22.85 | |||||
| Start Date | April 24, 2025 | |||||
| End Date | February 26, 2026 | |||||
| Percentage of program completed as of February 26, 2026 | ||||||
| Overview of details of last trading day: | ||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | |||
| February 26, 2026 | 17,234 | EUR 32.57 | EUR 561,396 | |||
| Total | 17,234 | EUR 32.57 | EUR 561,396 | |||
All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise
This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014). The information concerns a regular update of the transactions conducted under SBM Offshore’s share repurchase program, as announced by the Company on February 26, 2026, details of which are available on its website.
Corporate Profile
SBM Offshore is a global leader in deepwater ocean infrastructure, delivering floating production solutions across the full asset lifecycle—from design and construction to installation and operation. Supported by a global team of more than 8,000 professionals, the Company operates a long-term, asset-backed business model that delivers high-availability assets and predictable cash flows. SBM Offshore combines engineering expertise, operational reliability, and selective innovation to support safe, efficient, and lower-carbon energy production, while extending its capabilities into new opportunities across the blue economy.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Annual General Meeting | April 15 | 2026 | |
| First Quarter 2026 Trading Update | May 7 | 2026 | |
| Half Year 2026 Earnings | August 6 | 2026 | |
| Third Quarter 2026 Trading Update | November 12 | 2026 | |
| Full Year 2026 Earnings | February 18 | 2027 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Phone: | +31 (0)20 236 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Giampaolo Arghittu
Head of External Relations
| Phone: | +31 (0)6 212 62 333 / +39 33 494 79 584 |
| E-mail: | giampaolo.arghittu@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views, expectations and various assumptions regarding the financial and non-financial position of SBM Offshore N.V., anticipated developments and other factors, and involve known and unknown risks, dependencies and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2025 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore N.V. does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
Data underpinning certain disclosures – particularly sustainability-related - may be subject to inherent limitations. These limitations include but are not limited to reliance on third party data providers whose data quality, completeness and integrity may differ; the use of estimates and assumptions where actual data is unavailable or incomplete; and dependencies on value chain partners for timely and accurate information provision. Methodologies, standards and regulatory requirements for measuring and reporting information—especially sustainability related information—continue to evolve. As a result, our measurement approaches and reported figures may be refined over time as more accurate, granular or standardized data becomes available. Accordingly, all data, and emissions data in particular, should be interpreted in light of these limitations and the ongoing maturation of sustainability reporting practices across our value chain.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in 2025 Annual Report, available on our website Annual Reports - SBM Offshore.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”, and “F4W®” and “Imodco®” are proprietary marks owned by SBM Offshore.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
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FAQ
What did SBM Offshore (SBFFF) announce on Feb 26, 2026 about share repurchases?
How many shares did SBM Offshore repurchase under the 2025 program (SBFFF)?
What is the purpose of the EUR227 million buyback announced by SBFFF?
When will SBM Offshore (SBFFF) complete the EUR227 million repurchase program?
Will SBM Offshore (SBFFF) cancel the shares bought under the new repurchase program?
