SBM Offshore starts EUR227 million share repurchase following completion of the 2025 program
MWN-AI** Summary
On February 26, 2026, SBM Offshore announced the successful completion of its EUR141 million share repurchase program initiated in 2025, and the launch of a substantial new share repurchase initiative totaling EUR227 million (approximately US$270 million). This new program, which will commence on February 27, 2026, aims to reduce share capital and provide shares for management and employee programs. Up to US$30 million of the repurchased shares will be allocated for these employee initiatives, while the remaining shares are set to be canceled.
The newly announced program is expected to wrap up by February 17, 2027. It will be executed in accordance with authorizations granted by the Company's Annual General Meeting in April 2025 and potentially in April 2026. Transactions will follow safe harbor provisions, allowing for execution even during closed periods, ensuring compliance with the European Market Abuse Regulation. SBM Offshore has committed to keeping the market informed through weekly updates regarding the progress of the repurchase program.
The earlier EUR141 million buyback, which ran from April 24, 2025, to February 26, 2026, saw a total of 6,178,569 shares repurchased at an average price of EUR22.85. These transactions underline SBM's strategy of enhancing shareholder value and optimizing its capital structure.
SBM Offshore, a leader in deepwater ocean infrastructure, aims at delivering sustainable solutions throughout the entire asset lifecycle with a focus on safety, efficiency, and reduced carbon emissions. Through these initiatives, the company continues to enhance its operational capabilities and underlying shareholder returns, reaffirming its commitment to high availability and predictable cash flows in the evolving energy landscape.
MWN-AI** Analysis
SBM Offshore's recent announcement regarding the initiation of a EUR227 million share repurchase program follows the successful completion of its previous EUR141 million repurchase initiative, and offers critical insights for investors. This strategic move signals management’s strong confidence in the company's valuation and future cash flow prospects, particularly as it aims to enhance shareholder value through capital reduction and employee incentive programs.
The completion of the earlier repurchase program, where SBM repurchased over 6 million shares at an average price of EUR22.85, reflects a robust approach to managing capital while navigating market conditions. The average price of shares repurchased has increased to EUR32.57 on the last trading day of the previous program, illustrating a strategic buyback that can bolster prices if executed properly during the new program, especially if the market undervalues the stock.
Investors should view this new share buyback as a mixed signal. While it demonstrates management's confidence in the company’s future, the rising purchase prices indicate market volatility and potential overvaluation concerns. Furthermore, the allocation of up to EUR30 million for employee share programs emphasizes SBM's commitment to retaining talent in a competitive landscape, which may improve operational efficiency and productivity.
In terms of market timing, aspiring shareholders may consider this point a favorable entry, anticipating enhanced earnings per share as the share count decreases. However, existing shareholders should closely monitor ongoing buyback progress and the company's broader financial health through updates provided by the firm.
Overall, SBM Offshore’s share repurchase strategy represents a proactive measure to enhance shareholder returns, yet cautious investors should remain vigilant about market dynamics and the timing of purchases to capitalize on potential price adjustments in the future.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Amsterdam, February 26, 2026
SBM Offshore announces the completion of its EUR141 million share repurchase program initiated in 2025, and the commencement of a EUR227 million (US$270 million equivalent1) share repurchase program, as announced on February 26, 2026, and effective from February 27, 2026.
EUR227 million share repurchase program
The objective of the EUR227 million share repurchase program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs (maximum US$30 million). The remainder of the repurchased shares will be cancelled. The share repurchase program is expected to be completed by February 17, 2027 and will be executed under the authorization granted by the Annual General Meeting of the Company on April 9, 2025 and, if granted, the authorization of April 15, 2026.
The share repurchase program will be executed under the terms of an engagement letter with a third party, performed in compliance with the safe harbor provisions for share repurchases, and therefore transactions may be carried out during closed periods.
In accordance with the European Market Abuse Regulation, the Company will inform the market of the progress made in the execution of this program through weekly press releases and updates on its website.
Completion EUR141 million share repurchase program
Between April 24, 2025 and February 26, 2026 a total of 6,178,569 shares were repurchased, at an average price of EUR22.85 per share, representing a total of EUR141 million. Information regarding the aggregate of the transactions (calculated on a daily basis) for the period in which the program was executed can be found in the top half of the table below. Further details about individual transactions can be accessed via the Investor Relations section of the Company’s website.
The repurchases were made under the program announced on February 20, 2025 and effective from April 24, 2025. The objective of the program was to reduce share capital and, in addition, to provide shares for regular management and employee share programs.
Final Period Share Repurchase Program Transaction Details
SBM Offshore reports the transaction details related to the repurchases under the program for the last trading day, February 26, 2026, in the bottom half of the table below.
| Share Repurchase Program | ||||
| Overall progress Share Repurchase Program: | ||||
| Total Repurchase Amount | EUR 141,189,019 | |||
| Cumulative Repurchase Amount | EUR 141,189,058 | |||
| Cumulative Quantity Repurchased | 6,178,569 | |||
| Cumulative Average Repurchase Price | EUR 22.85 | |||
| Start Date | April 24, 2025 | |||
| End Date | February 26, 2026 | |||
| Percentage of program completed as of February 26, 2026 | 100% | |||
| Overview of details of last trading day: | ||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | |
| February 26, 2026 | 17,234 | EUR 32.57 | EUR 561,396 | |
| Total | 17,234 | EUR 32.57 | EUR 561,396 |
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 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
| Phone: | +31 (0)20 236 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
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FAQ**
How might the completion of the EUR141 million share repurchase program and the announcement of the new EUR227 million program impact the stock performance of SBM Offshore NV ADR SBFFY in the coming year?
What strategic objectives does SBM Offshore NV ADR SBFFY aim to achieve with the new EUR2million share repurchase program announced on February 26, 2026?
How will the cancellation of repurchased shares under the new program influence the overall share capital structure of SBM Offshore NV ADR SBFFY?
What are the expected implications of executing the share repurchase program under the European Market Abuse Regulation for investor confidence in SBM Offshore NV ADR SBFFY?
**MWN-AI FAQ is based on asking OpenAI questions about SBM Offshore NV ADR (OTC: SBFFY).
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