Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore (OTC:SBFFF) has provided an update on its ongoing EUR141 million (US$150 million) share repurchase program. For the period August 21-27, 2025, the company repurchased 140,089 shares at an average price of EUR23.42, totaling EUR3.28 million.

The buyback program, which began on April 24, 2025, has reached 40.87% completion with 2,714,118 shares repurchased at an average price of EUR21.26, totaling EUR57.7 million. The program aims to reduce share capital and provide shares for management and employee share programs.

Positive

• Share repurchase program demonstrates strong commitment to returning capital to shareholders
• Program has achieved 40.87% completion, showing steady execution
• Company maintains sufficient liquidity to execute EUR141 million buyback program

Negative

• Share repurchase reduces company's cash reserves by EUR141 million
• Average repurchase price has increased from EUR21.26 to EUR23.42 in the latest week

Amsterdam, August 27, 2025

SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million¹) share repurchase program for the period August 21, 2025 through August 27, 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 August 27, 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 57,707,856
Cumulative Quantity Repurchased					2,714,118
Cumulative Average Repurchase Price					EUR 21.26
Start Date					April 24, 2025
Percentage of program completed as of August 27, 2025					40.87%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
August 21, 2025	27,951		EUR 23.29		EUR 650,979
August 22, 2025	27,627		EUR 23.56		EUR 650,997
August 25, 2025	27,782		EUR 23.40		EUR 649,985
August 26, 2025	27,801		EUR 23.38		EUR 649,996
August 27, 2025	28,928		EUR 23.45		EUR 678,255
Total	140,089		EUR 23.42		EUR 3,280,211

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
Third Quarter 2025 Trading Update		November 13	2025
Full Year 2025 Earnings		February 26	2026
Annual General Meeting		April 15	2026
First Quarter 2026 Trading Update		May 7	2026
Half Year 2026 Earnings		August 6	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 34 & 35 - August 21 to August 27, 2025

FAQ

What is the total value of SBM Offshore's share repurchase program in 2025?

SBM Offshore's share repurchase program has a total value of EUR141 million (approximately US$150 million).

How many shares has SBM Offshore repurchased under its current program as of August 27, 2025?

SBM Offshore has repurchased 2,714,118 shares at an average price of EUR21.26, representing 40.87% of the total program.

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 much did SBM Offshore spend on share repurchases between August 21-27, 2025?

During this period, SBM Offshore spent EUR3.28 million to repurchase 140,089 shares at an average price of EUR23.42 per share.

When will SBM Offshore's current share repurchase program end?

The program began on April 24, 2025, and will continue until the total amount of EUR141 million is spent. As of August 27, 2025, 40.87% has been completed.