Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore (SBFFF) reported weekly details for its EUR141 million share repurchase program for the period Jan 29–Feb 4, 2026. Cumulative repurchases since the program start (Apr 24, 2025) total EUR131,234,506 for 5,851,920 shares, equal to 92.95% of the program.

Last five trading days saw 105,408 shares bought at an average of EUR30.24, total settlement EUR3,187,731. The program aims to reduce share capital and supply shares for management and employee plans.

Positive

• Cumulative repurchases of EUR131.23M (5,851,920 shares) completed
• Program completion at 92.95% as of February 4, 2026
• Program reduces share capital and supplies shares for management and employee plans

Negative

• Remaining program capacity approximately EUR9.95M, limiting further buybacks
• Recent five-day average purchase price EUR30.24 exceeds cumulative average EUR22.43, indicating costlier recent repurchases

Key Figures

Buyback program size: EUR 141 million Total repurchase amount: EUR 141,189,019 Cumulative repurchase amount: EUR 131,234,506 +5 more

8 metrics

Buyback program size EUR 141 million Current share repurchase program announced February 20, 2025

Total repurchase amount EUR 141,189,019 Overall progress of share repurchase program

Cumulative repurchase amount EUR 131,234,506 Spent on buybacks through February 4, 2026

Cumulative shares repurchased 5,851,920 shares Total quantity repurchased under current program

Avg repurchase price EUR 22.43 Cumulative average price for current program

Last 5 days quantity 105,408 shares Shares repurchased Jan 29–Feb 4, 2026

Last 5 days settlement EUR 3,187,731 Cash spent on buybacks over last 5 trading days

Program completion 92.95% Percentage of current buyback program completed by Feb 4, 2026

Market Reality Check

Price: $34.50 Vol: Volume 500 is below 20-da...

low vol

$34.50 Last Close

Volume Volume 500 is below 20-day average of 1181, limiting confirmation of the price move. low

Technical Price at 34.45 is trading above the 200-day MA at 16.01, indicating a pre-existing uptrend before this update.

Peers on Argus

SBFFF gained 28.31% with low volume, while closely related peer SBFFY was flat a...

SBFFF gained 28.31% with low volume, while closely related peer SBFFY was flat and other sector peers moved between 0% and 2.52%, pointing to a stock-specific reaction rather than a broad sector move.

Previous Buybacks Reports

5 past events · Latest: Mar 19 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 19	Buyback update	Positive	-2.4%	Details on EUR130M buyback progress and execution venues disclosure.
Jan 29	Buyback update	Positive	-2.5%	EUR130M program 77.62% complete with 6.4M shares repurchased.
Sep 04	Buyback update	Positive	+0.0%	Progress to 35.03% of EUR130M repurchase and recent 181,859 shares bought.
Aug 28	Buyback update	Positive	+0.0%	Update showing 32.68% completion of EUR130M share repurchase.
Aug 21	Buyback update	Positive	+0.0%	Progress to 30.83% of program with 2.8M shares repurchased.

Pattern Detected

Past buyback updates for SBM Offshore tended to see flat to mildly negative next-day moves, suggesting this type of news has not historically driven strong upside.

Recent Company History

Over the past few quarters, SBM Offshore has issued recurring updates on its share repurchase programs, initially at EUR130 million and now at EUR141 million. These buybacks aimed to reduce share capital and supply shares for management and employee programs. Historical price reactions to similar buyback updates ranged from flat to modest declines of around 2–3%. Against that backdrop, the current sharp gain contrasts with the more muted historical responses to buyback progress reports.

Historical Comparison

buybacks

-1.0 %

Average Historical Move

Historical Analysis

In the past 6 months, five buyback-tagged updates averaged a -0.98% next-day move, making today’s 28.31% gain an unusually strong reaction versus prior buyback disclosures.

Typical Pattern

Buyback communication evolved from a EUR130 million program in 2024–2025 toward a EUR141 million program that is 92.95% complete by February 4, 2026, reflecting steady execution and expanding capital return.

Market Pulse Summary

This announcement details continued execution of SBM Offshore’s EUR141 million share repurchase prog...

Analysis

This announcement details continued execution of SBM Offshore’s EUR141 million share repurchase program, which is 92.95% complete with over 5.8 million shares bought back. The program serves to reduce share capital and supply equity for management and employee plans. Historically, comparable buyback updates produced modest market reactions, underscoring that routine progress disclosures may already be largely anticipated. Investors may watch upcoming dates such as Full Year 2025 earnings on February 26, 2026.

Key Terms

share repurchase program, market abuse regulation, forward-looking statements, alternative performance measures, +1 more

5 terms

share repurchase program financial

"SBM Offshore reports the transaction details related to its EUR141 million ... share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

market abuse regulation regulatory

"This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014)."

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

forward-looking statements regulatory

"Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

alternative performance measures financial

"This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS."

Alternative performance measures are financial figures companies present alongside official accounting numbers that strip out certain costs or gains to highlight how management views underlying business trends. Think of it like a cook showing a recipe’s calories without the sauce to emphasize the main ingredients; investors use these adjusted numbers to compare performance and spot trends, but they can vary by company and require careful scrutiny to avoid misleading comparisons.

ifrs financial

"alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS."

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

AI-generated analysis. Not financial advice.

Amsterdam, February 4, 2026

SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million¹) share repurchase program for the period January 29, 2026 through February 4, 2026.

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 February 4, 2026 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 131,234,506
Cumulative Quantity Repurchased				5,851,920
Cumulative Average Repurchase Price				EUR 22.43
Start Date				April 24, 2025
Percentage of program completed as of February 4, 2026				92.95%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price	Settlement Amount
January 29, 2026	21,698		EUR 31.06	EUR 674,042
January 30, 2026	20,573		EUR 30.31	EUR 623,522
February 2, 2026	20,952		EUR 29.72	EUR 622,626
February 3, 2026	20,043		EUR 29.99	EUR 600,995
February 4, 2026	22,142		EUR 30.10	EUR 666,545
Total	105,408		EUR 30.24	EUR 3,187,731

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
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
Third Quarter 2026 Trading Update		November 12	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.

---

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

Attachment

• Press Release Week 05 & 06 - January 29 to February 4, 2026

FAQ

How much of the SBFFF EUR141 million buyback program was completed by February 4, 2026?

About 92.95% of the EUR141 million program was completed by February 4, 2026. According to the company, cumulative repurchases total EUR131,234,506 for 5,851,920 shares since the April 24, 2025 start date.

What were the SBFFF repurchase totals for January 29 to February 4, 2026?

SBM Offshore repurchased 105,408 shares between January 29 and February 4, 2026. According to the company, the five-day settlement amount was EUR3,187,731 at an average purchase price of EUR30.24.

What is the cumulative average repurchase price under the SBFFF program through Feb 4, 2026?

The cumulative average repurchase price is EUR22.43 per share through February 4, 2026. According to the company, this reflects all purchases since the program began April 24, 2025, weighted across transactions.

How much capacity remains in the SBFFF share repurchase program as of Feb 4, 2026?

Approximately EUR9.95 million of the EUR141 million program remains unspent as of February 4, 2026. According to the company, total program size is EUR141,189,019 with cumulative repurchases of EUR131,234,506.

Why is SBM Offshore buying shares under the SBFFF repurchase program?

The buyback aims to reduce share capital and provide shares for management and employee plans. According to the company, the program supports capital structure management and supply for regular compensation programs.