Weekly share repurchase program transaction details

SBM Offshore (OTC:SBFFF) reported weekly details of its EUR227 million share repurchase program for March 12–18, 2026.

Rhea-AI Summary

SBM Offshore (OTC:SBFFF) reported weekly details of its EUR227 million share repurchase program for March 12–18, 2026. As of March 18, 2026 the program is 5.54% complete, with EUR 12,544,160 repurchased (389,479 shares) at a cumulative average price of EUR 32.21.

During March 12–18 the company repurchased 135,758 shares for a total settlement of EUR 4,480,299 (weekly average price EUR 33.00). Purchases were executed on Euronext Amsterdam, CBOE DXE, Turquoise Europe and Aquis Europe.

Positive

• Share repurchase program sized at EUR 227 million
• Program reduces share capital and supplies shares for employee plans
• Cumulative repurchased 389,479 shares at avg price EUR 32.21
• Week repurchases: 135,758 shares for EUR 4,480,299

Negative

• Program partially executed: only 5.54% complete as of March 18, 2026
• Cash outflow to date: EUR 12,544,160 spent on repurchases

Key Figures

Buyback program size: EUR 227 million Program size (USD): US$270 million Total Repurchase Amount: EUR 226,633,158 +5 more

Buyback program size

EUR 227 million

Share repurchase program announced February 26, 2026

Program size (USD)

US$270 million

Equivalent based on EUR/US$ forward rate on February 18, 2026

Total Repurchase Amount

EUR 226,633,158

Overall progress of share repurchase program

Cumulative Repurchase Amount

EUR 12,544,160

Cumulative amount for period Feb 27–Mar 18, 2026

Cumulative Quantity Repurchased

389,479 shares

Quantity repurchased Feb 27–Mar 18, 2026

Cumulative Avg Repurchase Price

EUR 32.21

Average price over Feb 27–Mar 18, 2026

Last 5 days quantity

135,758 shares

Repurchases March 12–18, 2026

Last 5 days settlement

EUR 4,480,299

Total settlement for March 12–18, 2026 repurchases

Previous Buybacks Reports

5 past events · Latest: Feb 04

Same Type 5 events

1. Feb 04

   Buyback update

   24h Move

   +0.1%

   Detailed progress on EUR141M repurchase, reaching 92.95% program completion.

2. Jan 28

   Buyback update

   24h Move

   +28.3%

   Weekly data showing 90.69% completion of EUR141.19M repurchase program.

3. Jan 21

   Buyback update

   24h Move

   +28.3%

   Update on EUR141M program reaching 88.56% with growing cumulative repurchases.

4. Jan 14

   Buyback update

   24h Move

   +28.3%

   Progress report showing 86.71% completion and rising cumulative buyback spend.

5. Jan 07

   Buyback update

   24h Move

   +28.3%

   Early-2026 disclosure of EUR141M program at 84.70% completion level.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, Market Abuse Regulation, forward-looking statements, IFRS, +4 more

8 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

"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.

IFRS financial

"This release contains certain 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.

alternative performance measures financial

"This release 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.

emissions data medical

"Accordingly, all data, and emissions data in particular, should be interpreted in light of these limitations"

Emissions data are the measured or estimated amounts of pollutants and greenhouse gases a company releases from its operations and supply chain, typically tracked over time and verified by sensors, meters, or audits. Investors use this information like a company’s environmental report card: it signals regulatory and legal risk, potential costs from carbon pricing or fines, and reputational or operational issues that can affect long-term profitability and share value.

sustainability reporting technical

"the ongoing maturation of sustainability reporting practices across our value chain"

Sustainability reporting is a company’s regular disclosure of how its operations affect the environment, workers, communities and how it manages those impacts, including energy use, pollution, workplace safety and board oversight. Investors use it like a report card to judge long-term risk and opportunity: clear, reliable reporting can reveal hidden costs or strengths that affect future profits and the company’s resilience to regulations, consumer shifts or supply disruptions.

value chain technical

"dependencies on value chain partners for timely and accurate information provision"

A value chain is the sequence of activities a company performs to create and deliver a product or service, from sourcing materials and manufacturing to distribution, sales and after‑sales support. For investors it reveals where costs, bottlenecks and competitive advantages live—think of it like a relay race where each handoff affects speed, quality and profit potential, so small improvements or disruptions can change a company’s returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Amsterdam, March 18, 2026

SBM Offshore reports the transaction details related to its EUR227 million (US$270 million¹) share repurchase program for the period March 12, 2026 through March 18, 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 18, 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 12,544,160
Cumulative Quantity Repurchased				389,479
Cumulative Average Repurchase Price				EUR 32.21
Start Date				February 27, 2026
Percentage of program completed as of March 18, 2026				5.54%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price	Settlement Amount
March 12, 2026	27,124		EUR 33.05	EUR 896,351
March 13, 2026	27,230		EUR 32.90	EUR 895,998
March 16, 2026	27,491		EUR 32.59	EUR 895,995
March 17, 2026	27,092		EUR 33.07	EUR 895,978
March 18, 2026	26,821		EUR 33.41	EUR 895,977
Total	135,758		EUR 33.00	EUR 4,480,299

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 11 & 12 - March 12 to March 18, 2026

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of the SBFFF EUR227 million buyback program was completed by March 18, 2026?

As of March 18, 2026 5.54% of the EUR227 million program was completed. According to the company, EUR 12,544,160 was repurchased representing 389,479 shares at an average price of EUR 32.21.

How many shares did SBFFF repurchase during March 12–18, 2026 and at what cost?

SBM repurchased 135,758 shares during March 12–18, 2026 for a total of EUR 4,480,299. According to the company, the weekly weighted average purchase price was EUR 33.00.

What is the objective of SBFFF's EUR227 million repurchase program announced February 26, 2026?

The program aims to reduce share capital and provide shares for management and employee plans. According to the company, purchases also support capital structure management and employee share schemes.

On which exchanges did SBFFF execute its repurchases in the week of March 12, 2026?

Repurchases were executed on Euronext Amsterdam, CBOE DXE, Turquoise Europe, and Aquis Europe. According to the company, all shares referenced in the weekly update were bought via these exchanges.

What is SBFFF's cumulative average repurchase price under the program through March 18, 2026?

The cumulative average repurchase price is EUR 32.21 per share through March 18, 2026. According to the company, this reflects the weighted average across all transactions since February 27, 2026.