Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore has reported details of its EUR141 million (approximately US$150 million) share repurchase program for April 24-30, 2025. The program, announced on February 20, 2025, aims to reduce share capital and provide shares for management and employee share programs.

Key highlights:

• Total repurchase amount: EUR 141.19 million
• Cumulative shares repurchased: 197,000
• Average repurchase price: EUR 18.04
• Program completion: 2.52%

As the world's deepwater ocean-infrastructure expert, SBM Offshore focuses on cleaner energy production and blue economy markets. The company employs over 7,800 people globally and conducts share purchases through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.

Positive

• Large share repurchase program of EUR 141 million (US$150 million) launched to reduce share capital
• Company maintains strong market position as world's deepwater ocean-infrastructure expert with 7,800+ employees
• Systematic execution of buyback with 197,000 shares repurchased at average price of EUR 18.04
• 2.52% of the repurchase program completed within first week of implementation

Negative

• Only 2.52% of total buyback program completed, indicating lengthy implementation timeline ahead
• Increasing average purchase price trend from EUR 17.62 to EUR 18.37 over the week
• Declining daily repurchase volumes from 41,500 to 34,000 shares over the period

April 30, 2025

SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million¹) share repurchase program for the period April 24, 2025 through April 30, 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 April 30, 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 3,553,327
Cumulative Quantity Repurchased					197,000
Cumulative Average Repurchase Price					EUR 18.04
Start Date					April 24, 2025
Percentage of program completed as of April 30, 2025					2.52%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
April 24, 2025	41,500		EUR 17.62		EUR 731,159
April 25, 2025	41,500		EUR 17.83		EUR 739,800
April 28, 2025	41,500		EUR 18.12		EUR 751,889
April 29, 2025	38,500		EUR 18.34		EUR 706,059
April 30, 2025	34,000		EUR 18.37		EUR 624,420
Total	197,000		EUR 18.04		EUR 3,553,327

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 17 & 18 - April 24 to April 30 2025

FAQ

How much is SBM Offshore's share buyback program worth in 2025?

SBM Offshore announced a EUR141 million (approximately US$150 million) share repurchase program on February 20, 2025, which became effective from April 24, 2025.

What percentage of SBFFF's share buyback program was completed by April 30, 2025?

As of April 30, 2025, SBM Offshore completed 2.52% of its share repurchase program, with a cumulative repurchase amount of EUR 3,553,327 representing 197,000 shares.

What is the average price paid for SBFFF shares in the April 2025 buyback?

The cumulative average repurchase price for SBM Offshore shares during the program was EUR 18.04, with daily averages ranging from EUR 17.62 to EUR 18.37 between April 24-30, 2025.

What are the main objectives of SBM Offshore's 2025 share repurchase program?

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

Where can investors track SBFFF's share buyback progress?

Detailed information about the share repurchase program's progress and individual transactions can be accessed through the Investors section of SBM Offshore's website at www.sbmoffshore.com.