Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore (OTC:SBFFF) reported share repurchase transactions for the period Nov 6–12, 2025 under its EUR141 million program effective Apr 24, 2025. As of Nov 12, 2025 the program is 71.16% complete with a cumulative repurchase amount of EUR 100,467,785 for 4,668,106 shares at a cumulative average price of EUR 21.52. During Nov 6–12 the company repurchased 143,368 shares for EUR 3,143,066 (average price EUR 21.92). The program's stated objectives are to reduce share capital and provide shares for management and employee plans.

Positive

• Program 71.16% complete as of Nov 12, 2025
• Cumulative repurchases of EUR 100,467,785
• Cumulative quantity repurchased 4,668,106 shares

Negative

• Remaining program amount EUR 40,721,234
• Week cash settled EUR 3,143,066 (Nov 6–12, 2025)

Amsterdam, November 12, 2025

SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million¹) share repurchase program for the period November 6, 2025 through November 12, 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 November 12, 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 100,467,785
Cumulative Quantity Repurchased					4,668,106
Cumulative Average Repurchase Price					EUR 21.52
Start Date					April 24, 2025
Percentage of program completed as of November 12, 2025					71.16%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
November 6, 2025	50,104		EUR 21.81		EUR 1,092,788
November 7, 2025	36,540		EUR 21.79		EUR 796,364
November 10, 2025	24,638		EUR 22.00		EUR 542,115
November 11, 2025	18,551		EUR 21.96		EUR 407,308
November 12, 2025	13,535		EUR 22.50		EUR 304,491
Total	143,368		EUR 21.92		EUR 3,143,066

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 / 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 2024 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 2025 report, available on our website Half Year Earnings - 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^®” 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 45 & 46 - November 6 to November 12, 2025

FAQ

What did SBM Offshore (SBFFF) report for Nov 6–12, 2025 share repurchases?

SBM repurchased 143,368 shares for EUR 3,143,066 during Nov 6–12, 2025 at an average price of EUR 21.92.

How much of the EUR141 million SBFFF buyback program is completed as of Nov 12, 2025?

The program is 71.16% complete as of Nov 12, 2025.

How many shares and what total amount has SBFFF repurchased since Apr 24, 2025?

Cumulative repurchases total 4,668,106 shares for EUR 100,467,785.

What are the objectives of SBM Offshore's EUR141 million repurchase program (SBFFF)?

The company said the objectives are to reduce share capital and provide shares for management and employee programs.

How much remains available under SBFFF's EUR141 million repurchase program as of Nov 12, 2025?

Remaining available amount is EUR 40,721,234 (EUR141,189,019 total less EUR100,467,785 repurchased).

Where were SBM Offshore (SBFFF) shares purchased during the Nov 6–12, 2025 period?

All shares were purchased via Euronext Amsterdam, CBOE DXE, and/or Turquoise.