Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore has reported the latest transaction details of its EUR141 million (US$150 million) share repurchase program for May 8-14, 2025. The program, announced on February 20, 2025, and effective from April 24, 2025, aims to reduce share capital and provide shares for management and employee share programs.

Key highlights of the program progress include:

• Cumulative repurchase amount: EUR 9.53 million
• Total shares repurchased: 516,113
• Average repurchase price: EUR 18.47
• Program completion: 6.75%

In the past week, the company repurchased 176,316 shares at an average price of EUR 18.89, totaling EUR 3.33 million. All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise.

Positive

• Share buyback program demonstrates strong commitment to returning value to shareholders
• Company has sufficient cash flow to support EUR141 million buyback program
• Program helps optimize capital structure while supporting employee share programs

Negative

• Only 6.75% of the total buyback program completed so far
• Average repurchase price shows slight increase week-over-week from EUR 18.47 to EUR 18.89

Amsterdam, May 14, 2025

SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million¹) share repurchase program for the period May 8, 2025 through May 14, 2025.

The repurchases were made under the EUR141 million share repurchase program announced on February 20, 2025 and effective from April 24, 2025. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period April 24, 2025 through May 14, 2025 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company’s website.

Share Repurchase Program
Overall progress Share Repurchase Program:
Total Repurchase Amount					EUR 141,189,019
Cumulative Repurchase Amount					EUR 9,532,222
Cumulative Quantity Repurchased					516,113
Cumulative Average Repurchase Price					EUR 18.47
Start Date					April 24, 2025
Percentage of program completed as of May 14, 2025					6.75%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
May 8, 2025	34,599		EUR 18.78		EUR 649,915
May 9, 2025	33,912		EUR 18.97		EUR 643,351
May 12, 2025	39,646		EUR 18.80		EUR 745,416
May 13, 2025	34,261		EUR 18.74		EUR 642,120
May 14, 2025	33,898		EUR 19.15		EUR 649,089
Total	176,316		EUR 18.89		EUR 3,329,891

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 current share repurchase program, as announced by the Company on February 20, 2025, details of which are available on its website.

Corporate Profile

SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.

Financial Calendar		Date	Year
First Quarter 2025 Trading Update		May 15	2025
Half Year 2025 Earnings		August 7	2025
Third Quarter 2025 Trading Update		November 13	2025
Full Year 2025 Earnings		February 26	2026
Annual General Meeting		April 15	2026

For further information, please contact:

Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager

Mobile:	+31 (0) 2 02 36 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 and assumptions and involve known and unknown risks 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 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 ‘Impact, Risk and Opportunity Management’ section of the 2023 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 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.

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 the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.

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^®”, “emissionZERO^®” and “F4W^®” are proprietary marks owned by SBM Offshore.

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¹ Based on the foreign exchange rate on February 20, 2025

Attachment

• Press Release Week 19 & 20 - May 8 to May 14 2025

FAQ

What is the total value of SBFFF's share repurchase program announced in February 2025?

SBM Offshore announced a share repurchase program worth EUR141 million (approximately US$150 million) on February 20, 2025.

How many shares has SBFFF repurchased as of May 14, 2025?

As of May 14, 2025, SBM Offshore has repurchased 516,113 shares at an average price of EUR 18.47 per share.

What percentage of SBFFF's share repurchase program has been completed?

As of May 14, 2025, 6.75% of the total EUR141 million share repurchase program has been completed.

What is the purpose of SBFFF's 2025 share repurchase program?

The program has two objectives: to reduce share capital and to provide shares for regular management and employee share programs.

How many shares did SBFFF repurchase between May 8-14, 2025?

SBM Offshore repurchased 176,316 shares at an average price of EUR 18.89, totaling EUR 3.33 million during May 8-14, 2025.