Weekly share repurchase program transaction details

Rhea-AI Summary

SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for April 10-16, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.

As of April 16, 2025, the company has completed 98.19% of the program, repurchasing 7,841,957 shares at an average price of EUR16.28, totaling EUR127,650,637. During the latest reporting period, 239,522 shares were repurchased at an average price of EUR16.59, amounting to EUR3,973,567.

The primary objectives of this share repurchase program are to reduce share capital and provide shares for regular management and employee share programs. All purchases were executed through Euronext Amsterdam, CBOE DXE, and Turquoise.

Positive

• 98.19% completion of EUR130 million share repurchase program shows strong execution
• Share buyback reduces outstanding shares, potentially increasing earnings per share
• Consistent daily repurchase volumes indicate systematic program implementation

Negative

• Average repurchase price of EUR16.59 in latest period higher than program average of EUR16.28
• Capital allocation to buybacks reduces cash available for operations or investments

Amsterdam, April 16, 2025

SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period April 10, 2025 through April 16, 2025.

The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. 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 March 1, 2024 through April 16, 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 130,000,000
Cumulative Repurchase Amount					EUR 127,650,637
Cumulative Quantity Repurchased					7,841,957
Cumulative Average Repurchase Price					EUR 16.28
Start Date					March 1, 2024
Percentage of program completed as of April 16, 2025					98.19%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
April 10, 2025	45,815		EUR 17.15		EUR 785,796
April 11, 2025	49,947		EUR 15.97		EUR 797,793
April 14, 2025	48,655		EUR 16.40		EUR 797,888
April 15, 2025	47,680		EUR 16.73		EUR 797,796
April 16, 2025	47,425		EUR 16.75		EUR 794,293
Total	239,522		EUR 16.59		EUR 3,973,567

¹All 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 29, 2024 and August 8, 2024, 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.

Attachment

• Press Release Week 15 & 16 - April 10 to April 16 2025

FAQ

What is the total value of SBM Offshore's (SBFFF) current share repurchase program?

The total value is EUR130 million (approximately US$140 million), which was initially EUR65 million and increased by another EUR65 million in August 2024.

How many shares has SBFFF repurchased as of April 16, 2025?

SBM Offshore has repurchased 7,841,957 shares at an average price of EUR16.28, totaling EUR127,650,637.

What percentage of SBFFF's share repurchase program is completed?

As of April 16, 2025, 98.19% of the program has been completed.

What is the purpose of SBFFF's share repurchase program?

The program aims to reduce share capital and provide shares for regular management and employee share programs.

What was the average purchase price for SBFFF shares during April 10-16, 2025?

During this period, the average purchase price was EUR16.59, with 239,522 shares repurchased for EUR3,973,567.