Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore (SBFFF) reported weekly details of its EUR227 million share repurchase program for Feb 27, 2026–Mar 4, 2026. The company repurchased 113,012 shares for EUR 3,583,944 at a cumulative average price of EUR 31.71, representing 1.58% of the program.

Daily trades occurred on Euronext Amsterdam, CBOE DXE, Turquoise Europe and Aquis Europe with repurchases intended to reduce share capital and supply shares for management and employee plans.

Positive

• EUR 227 million program authorized
• 113,012 shares repurchased to date
• Cumulative average repurchase price EUR 31.71

Negative

• Only 1.58% of the program completed as of March 4, 2026
• Period cash outflow of EUR 3.58 million for repurchases

Key Figures

New buyback program size: EUR 227 million Program size (USD): US$270 million Total repurchase amount: EUR 226,633,158 +5 more

8 metrics

New buyback program size EUR 227 million Share repurchase program announced February 26, 2026

Program size (USD) US$270 million EUR227 million program, FX based on February 18, 2026

Total repurchase amount EUR 226,633,158 Overall progress of share repurchase program

Cumulative settlement (period) EUR 3,583,944 February 27, 2026 to March 4, 2026

Cumulative shares repurchased 113,012 shares Program activity February 27–March 4, 2026

Average repurchase price EUR 31.71 Cumulative average for shares repurchased in the period

Program completion 1.58% Percentage of EUR227 million program completed as of March 4, 2026

Daily repurchase example 27,642 shares at EUR 32.41 Trades on February 27, 2026

Market Reality Check

Price: $34.50 Vol: Volume 1,400 is 19% above...

normal vol

$34.50 Last Close

Volume Volume 1,400 is 19% above the 20-day average of 1,181. normal

Technical Price at 34.50 matches the 52-week high and trades above the 200-day MA of 16.12.

Peers on Argus

Peers showed mixed moves: WORLEY LTD UNSP/ADR up 7.55%, TRICAN WELL SVC CO LTD u...

Peers showed mixed moves: WORLEY LTD UNSP/ADR up 7.55%, TRICAN WELL SVC CO LTD up 0.86%, while MATTR CORP was down 0.10% and two close peers were flat, pointing to stock-specific factors.

Previous Buybacks Reports

5 past events · Latest: Feb 04 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Buyback progress update	Positive	+0.1%	Weekly progress on EUR141M buyback with program over 92% complete.
Jan 28	Buyback progress update	Positive	+28.3%	Update showing over 90% of EUR141.19M buyback completed.
Jan 21	Buyback progress update	Positive	+28.3%	Further advance of EUR141M buyback with cumulative spend above EUR125M.
Jan 14	Buyback progress update	Positive	+28.3%	EUR141M buyback over 86% complete with detailed weekly repurchases.
Jan 07	Buyback progress update	Positive	+28.3%	Progress on EUR141M buyback with more than 84% of funds deployed.

Pattern Detected

Recent buyback updates have generally coincided with positive price reactions, including several strong double-digit moves, suggesting the market has rewarded these capital return actions.

Recent Company History

Over the last months, SBM Offshore has repeatedly reported progress on its share repurchase program, originally sized at EUR141 million and steadily moving toward completion. These buyback updates often coincided with sizeable positive price reactions, with an average move of about 22.68% across recent tagged events. Today’s announcement introduces weekly details for a newer EUR227 million program, continuing the same stated goals of reducing share capital and supplying shares for management and employee plans.

Historical Comparison

+22.7% avg move · In the past months, SBM Offshore released 5 buyback updates tagged as ‘buybacks’, with an average mo...

buybacks

+22.7%

Average Historical Move buybacks

In the past months, SBM Offshore released 5 buyback updates tagged as ‘buybacks’, with an average move of 22.68%. Today’s modest 0.15% change sits well below those prior reactions.

The company moved from an earlier EUR141 million repurchase program approaching completion to a new, larger EUR227 million program, maintaining a focus on capital reduction and share provisioning.

Market Pulse Summary

This announcement details early activity under a new EUR227 million share repurchase program, includ...

Analysis

This announcement details early activity under a new EUR227 million share repurchase program, including 113,012 shares bought at a cumulative average price of EUR31.71. It continues SBM Offshore’s stated focus on reducing share capital and supplying shares for management and employee plans. Compared with prior buyback updates, investors may watch how quickly the new program progresses and how it interacts with upcoming events on the financial calendar, such as the April 15, 2026 AGM and subsequent earnings dates.

Key Terms

share repurchase program, Market Abuse Regulation, inside information, alternative performance measures, +2 more

6 terms

share repurchase program financial

"SBM Offshore reports the transaction details related to its EUR227 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

"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.

inside information regulatory

"may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation"

Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.

alternative performance measures financial

"contains certain alternative performance measures (APMs) as defined by the ESMA guidelines"

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

"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.

ESMA regulatory

"alternative performance measures (APMs) as defined by the ESMA guidelines"

The European Securities and Markets Authority (ESMA) is the EU agency that sets rules and supervises fairness and transparency for financial markets across Europe. Think of it as a referee and rule-maker who aims to protect investors, reduce market abuse, and ensure companies and exchanges follow consistent standards; its guidance can affect trading rules, disclosure requirements, and investor confidence, which in turn can influence stock prices and capital flows.

AI-generated analysis. Not financial advice.

Amsterdam, March 4, 2026

SBM Offshore reports the transaction details related to its EUR227 million (US$270 million¹) share repurchase program for the period February 27, 2026 through March 4, 2026.

The repurchases were made under the EUR227 million share repurchase program announced on February 26, 2026 and effective from February 27, 2026. 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 February 27, 2026 through March 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 226,633,158
Cumulative Repurchase Amount				EUR 3,583,944
Cumulative Quantity Repurchased				113,012
Cumulative Average Repurchase Price				EUR 31.71
Start Date				February 27, 2025
Percentage of program completed as of March 4, 2026				1.58%
Overview of details of last 4 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price	Settlement Amount
February 27, 2026	27,642		32.41	EUR 895,993
March 2, 2026	27,773		32.26	EUR 895,976
March 3, 2026	28,971		30.93	EUR 895,989
March 4, 2026	28,626		31.30	EUR 895,985
Total	113,012		EUR 31.71	EUR 3,583,944

All shares purchased via Euronext Amsterdam, CBOE DXE, Turquoise Europe and or Aquis Europe.

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 26, 2026, details of which are available on its website.

  
Corporate Profile

SBM Offshore is a global leader in deepwater ocean infrastructure, delivering floating production solutions across the full asset lifecycle—from design and construction to installation and operation. Supported by a global team of more than 8,000 professionals, the Company operates a long-term, asset-backed business model that delivers high-availability assets and predictable cash flows. SBM Offshore combines engineering expertise, operational reliability, and selective innovation to support safe, efficient, and lower-carbon energy production, while extending its capabilities into new opportunities across the blue economy.

For further information, please visit our website at www.sbmoffshore.com.

Financial Calendar		Date	Year
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
Full Year 2026 Earnings		February 18	2027

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, expectations and various assumptions regarding the financial and non-financial position of SBM Offshore N.V., anticipated developments and other factors, and involve known and unknown risks, dependencies 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 2025 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 N.V. 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.

Data underpinning certain disclosures – particularly sustainability-related - may be subject to inherent limitations. These limitations include but are not limited to reliance on third party data providers whose data quality, completeness and integrity may differ; the use of estimates and assumptions where actual data is unavailable or incomplete; and dependencies on value chain partners for timely and accurate information provision. Methodologies, standards and regulatory requirements for measuring and reporting information—especially sustainability related information—continue to evolve. As a result, our measurement approaches and reported figures may be refined over time as more accurate, granular or standardized data becomes available. Accordingly, all data, and emissions data in particular, should be interpreted in light of these limitations and the ongoing maturation of sustainability reporting practices across our value chain.

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 2025 Annual Report, available on our website Annual Reports - 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^®” and “Imodco^®” are proprietary marks owned by SBM Offshore.

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¹ Based on the EUR/US$ forward exchange rate on February 18, 2026.

Attachment

• Press Release Week 10 & 11 - February 27 to March 4, 2026

FAQ

How much is SBM Offshore (SBFFF) authorized to repurchase under the program announced Feb 26, 2026?

SBM Offshore is authorized to repurchase up to EUR 227 million of shares under the program. According to SBM Offshore, the program aims to reduce share capital and provide shares for management and employee plans.

How many shares did SBFFF repurchase between Feb 27 and Mar 4, 2026 and at what total cost?

SBM Offshore repurchased 113,012 shares for a total of EUR 3,583,944 during Feb 27–Mar 4, 2026. According to SBM Offshore, the cumulative average purchase price for that period was EUR 31.71.

What percentage of the EUR 227 million SBFFF buyback program was completed by Mar 4, 2026?

As of Mar 4, 2026, SBM Offshore completed 1.58% of the EUR 227 million program. According to SBM Offshore, ongoing repurchases will continue via multiple European trading venues.

Which trading venues did SBFFF use for the repurchases in the week ending Mar 4, 2026?

SBM Offshore executed repurchases on Euronext Amsterdam, CBOE DXE, Turquoise Europe and Aquis Europe. According to SBM Offshore, all shares in the reported period were bought via these European trading venues.

What was SBFFF's cumulative average repurchase price during Feb 27–Mar 4, 2026?

The cumulative average repurchase price reported was EUR 31.71 per share. According to SBM Offshore, that average reflects the weighted prices across daily transactions in the reported period.

What is the stated objective of SBFFF's EUR 227 million buyback program announced Feb 26, 2026?

The program's objective is to reduce share capital and provide shares for management and employee share programs. According to SBM Offshore, both capital reduction and share-supply for incentive plans are intended outcomes.