- Weekly share repurchase program transaction details
May 13, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, May 13, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period May 7, 2026 through May 13, 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 May 13, 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 45,695,526 Cumulative Quantity Repurchased 1,325,690 Cumulative Average Repurchase Price EUR 34.47 Start Date February 27, 2026 Percentage of program completed as of May 13, 2026 20.16% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount May 7, 2026 24,951 EUR 35.91 EUR 895,997 May 8, 2026 25,592 EUR 35.01 EUR 895,984 May 11, 2026 25,232 EUR 35.51 EUR 895,966 May 12, 2026 24,796 EUR 36.13 EUR 895,998 May 13, 2026 25,249 EUR 35.49 EUR 895,983 Total 125,820 EUR 35.61 EUR 4,479,929
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.
Story Continues
For further information, please visit our website at www.sbmoffshore.com.
Financial Calendar Date Year Half Year 2026 Earnings August 6 2026 Third Quarter 2026 Trading Update November 12 2026 Full Year 2026 Earnings February 18 2027 Annual General Meeting April 7 2027 First Quarter 2027 Trading Update May 5 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 19 & 20 - April May 7 to May 13, 2026
View Comments
- SBM Offshore First Quarter 2026 Trading Update
May 7, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, May 7, 2026
Highlights
216% increase in year-to-date Directional1 revenue of US$3.5 billion Increase in full year 2026 Directional revenue guidance from around US$6.5 billion to above US$6.9 billion Full year 2026 Directional EBITDA baseline guidance maintained around US$1.8 billion FEED contract award by ExxonMobil Guyana for the Longtail development project Two new Fast4Ward® MPF hulls ordered, driven by strong FPSO market outlook Cash dividend of US$100 million (equivalent to EUR84 million2 or EUR0.5009 per ordinary share) payable on May 13, 2026 US$270 million (equivalent to EUR227 million3) share repurchase program on track, c. 18% completed4 Inclusion of SBM Offshore in the AEX index in March 2026
Øivind Tangen, CEO of SBM Offshore, commented:
“We delivered a solid start to the year, underpinned by good project progress and high uptime across the fleet. Our excellence focus and business model resilience provide consistently predictable performance, with Directional revenue of US$3,489 million in line with our baseline guidance. Based on what we know today, we do not anticipate a material impact from the current geopolitical situation, including tensions in the Middle East, on our operations, projects or financial position.
Our performance supports our ambition to deliver growth in returns to shareholders. During the first quarter, we increased shareholder returns through a US$100 million cash dividend, payable on May 13, the initiation of a US$270 million share buyback program5, and an interim dividend of US$100 million scheduled to be paid in September 2026. In aggregate, this represents a 57% increase in returns compared with last year. Over the six‑year period until 2031, we remain on track to return at least US$2.1 billion to shareholders, with further upside potential. In parallel, the proceeds from the sale of FPSO ONE GUYANA enabled further balance‑sheet deleveraging, reducing Directional net debt to US$3.2 billion, representing a 43% decrease compared with year‑end 2025.
Our turnkey portfolio is performing well with a continued strong growth momentum: three projects are under construction and progressing as planned.
Our industry leading Fast4Ward® program, combined with our integrated lifecycle approach and disciplined execution, enhances our ability to deliver large and complex deepwater solutions on time and on budget. This positions SBM Offshore well in a robust FPSO market that is increasingly characterized by projects with significant gas handling requirements. In March, we announced the award of the FEED contracts for the Longtail development project in Guyana. Subject to final investment decision and government approvals, this project would result in the construction of an FPSO with the highest gas handling capacity ever deployed. Similarly, the two FPSOs in the Sergipe-Alagoas basin in Brazil for which we are currently tendering, are both designed with substantial gas processing capacity; the process is progressing well.
Story Continues
Considering the robust market outlook, we have ordered two additional new build Fast4Ward® MPF hulls to support ongoing tendering activities. Of the four hulls on order for future projects, one has been allocated to support the Longtail development project in Guyana. Given our confidence in the FPSO and broader ocean infrastructure market over the long term, we are also working towards the replacement of our joint-venture owned installation vessel towards the end of the decade; this will enable us to maintain our full lifecycle EPCIO offering in ocean infrastructure for the decades to come.
Looking ahead, we will continue to advance our core FPSO business while selectively expanding into adjacent ocean infrastructure opportunities across the blue economy, deploying our proven capabilities where we see attractive and disciplined growth opportunities.”
Financial Overview6
YTD Directional in US$ million 1Q 2026 1Q 2025 % Change Directional Revenue 3,489 1,103 216% Directional Lease and Operate 610 476 28% Directional Turnkey 2,879 627 359% in US$ billion Mar-31-26 Dec-31-25 % Change Directional Net Debt 3.2 5.7 -43%
Directional revenue increased by more than 200% to US$3,489 million in the first quarter of 2026, compared with US$1,103 million in the same period last year, mainly driven by the Turnkey segment.
Year-to-date Directional Turnkey revenue stood at US$2,879 million. The increase of more than US$2.2 billion compared with US$627 million in the same period last year was primarily driven by the sale of FPSO ONE GUYANA in February 2026 and the allocation of a Fast4Ward® MPF hull to the Longtail development project. This was partly offset by the delivery of three FPSOs in 2025 (FPSOs Almirante Tamandaré, Alexandre de Gusmão and ONE GUYANA), which contributed in the prior year.
Directional Lease and Operate revenue came in at US$610 million in the first quarter of 2026 compared with US$476 million in the year-ago period. This 28% increase mainly stems from the change of scope with three FPSOs joining the fleet in 2025 (FPSOs Almirante Tamandaré, Alexandre de Gusmão and ONE GUYANA), partly offset by FPSO Aseng and FPU Thunder Hawk leaving the fleet in 4Q 2025.
Directional Net Debt was US$3.2 billion for the period ending 1Q 2026, a 43% decrease compared with the same period last year primarily due to the sale of FPSO ONE GUYANA. The hedge ratio of the floating-rate debt is above 90%.
Project Review and Fleet Operational Update
Projects under construction
Project Client Contract SBM Share Capacity Percentage of Completion Project delivery FPSO Jaguar ExxonMobil
Guyana Sale & Operate 100% 250,000 bpd >50% <75% 2027 FSO Chalchi Woodside 20-y Lease & Operate 100% n/a >25% <50% n/a7 FPSO GranMorgu TotalEnergies Sale & Operate 52% 220,000 bpd >25% <50% 2028
The Turnkey project portfolio is progressing well, and all projects remain on track. An update on the individual ongoing projects is provided below considering the latest known circumstances.
FPSO Jaguar – The topsides fabrication is nearing completion while the modules lifting campaign and their integration continue to progress as planned. First oil is expected in 2027.
FSO Chalchi – Construction activities continue to progress as per plan including the fabrication of the disconnectable turret mooring system. The keel laying milestone has been achieved for the hull.
FPSO GranMorgu – The Fast4Ward® MPF hull and the topsides fabrication work in China continue to progress as per plan. First oil is expected in 2028.
Strategic positioning for new prospects
The strategic positioning of SBM Offshore in the deepwater market is supported by investments in the Company’s Fast4Ward® MPF hull program.
Twelve Fast4Ward® MPF hulls have been ordered to date:
Eight Fast4Ward® MPF hulls are in operation or delivered to ongoing projects under construction. Four Fast4Ward® MPF hulls are under construction. One has been allocated to the Longtail project development in Guyana and three have been ordered to support active tendering with clients driven by the strong FPSO market outlook, with options for further hulls available with three yards.
Given our confidence in the FPSO and broader ocean infrastructure market over the long term, we are also working towards the replacement of our joint-venture owned installation vessel towards the end of the decade. A new vessel will enable us to maintain our full lifecycle EPCIO offering and to create additional competitive advantages through improved reliability and the integration of more offshore installation work scopes. This will in turn reduce execution risk for our clients and improve predictability of our EPCIO schedule and cost.
Fleet update
Fleet uptime – Year-to-date, the fleet uptime was 97.9%.
Safety
Safety – The Company remains focused on maintaining strong safety records. There were zero fatalities or permanent impairment injuries in the first quarter of 2026, in line with the full year target of zero.
Shareholder Returns
On April 15, 2026, shareholders of the Company voted in favor of the proposed US$100 million cash dividend (EUR84 million8 equivalent or EUR0.5009 per share). The dividend will be paid on May 13, 2026 to all shareholders of record as at April 20, 2026. In addition, SBM Offshore will pay a US$100 million dividend for the first half year 20269.
The Company started a new share repurchase program of US$270 million (EUR227 million equivalent10) as announced on February 26, 2026 and effective from February 27, 2026. The program is progressing and was c. 18% completed on May 6, 2026.
On this basis a minimum US$2.1 billion cash return to shareholders is expected up to 203111.
Guidance
The Company’s 2026 Directional revenue guidance is increased to above US$6.9 billion, of which around US$2.3 billion is expected from the Lease and Operate segment and above US$4.6 billion from the Turnkey segment.
2026 Directional EBITDA baseline guidance is maintained around US$1.8 billion for the Company.
We have increased our guidance versus the initial baseline mainly due to the Longtail FEED award and additional scope of work secured over the period. The guidance does not include all potential future FPSO awards and will be updated at the end of the relevant reporting period, if applicable.
Conference Call
SBM Offshore has scheduled a conference call which will be followed by a Q&A session, to discuss the First Quarter 2026 Trading update.
The event is scheduled for Thursday May 7, 2026, at 10:00 AM CEST (08:00 AM UTC) and will be hosted by Øivind Tangen (CEO) and Douglas Wood (CFO).
Interested parties are invited to register prior the call using the link: First Quarter 2026 Trading Update
Please note that the conference call can only be accessed with a personal identification code, which is sent to you by email after completion of the registration.
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 Half Year 2026 Earnings August 6 2026 Third Quarter 2026 Trading Update November 12 2026 Full Year 2026 Earnings February 18 2027 Annual General Meeting April 7 2027 First Quarter 2027 Trading Update May 5 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 Directional reporting, presented in the Financial Statements under section Operating Segments and Directional Reporting, represents a pro-forma accounting policy, which treats all lease contracts as operating leases and consolidates all co-owned investees related to lease contracts on a proportional basis based on percentage of ownership. This explanatory note relates to all Directional reporting in this document.
2 Based on the EUR/US$ forward exchange rate on February 18, 2026.
3 Based on the EUR/US$ forward exchange rate on February 18, 2026.
4 As of May 6, 2026.
5 Including maximum US$30 million for management and employee share plans.
6 Numbers may not add up due to rounding.
7 Project delivery not disclosed by the client.
8 Based on the EUR/US$ forward exchange rate on February 18, 2026.
9 The interim dividend is subject to final resolution and is payable in September 2026.
10 Based on the EUR/US$ forward exchange rate on February 18, 2026.
11 Including cash returned in 2026.
Attachment
SBM Offshore First Quarter 2026 Trading Update
View Comments
- Weekly share repurchase program transaction details
May 6, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, May 6, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 30, 2026 through May 6, 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 May 6, 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 41,215,597 Cumulative Quantity Repurchased 1,199,870 Cumulative Average Repurchase Price EUR 34.35 Start Date February 27, 2026 Percentage of program completed as of May 6, 2026 18.19% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount April 30, 2026 24,854 EUR 36.05 EUR 895,999 May 1, 2026 Stock markets closed May 4, 2026 24,737 EUR 36.22 EUR 895,989 May 5, 2026 24,479 EUR 36.60 EUR 895,997 May 6, 2026 24,750 EUR 36.20 EUR 895,977 Total 98,820 EUR 36.27 EUR 3,583,963
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.
Story Continues
For further information, please visit our website at www.sbmoffshore.com.
Financial Calendar Date Year 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 Annual General Meeting April 7 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 18 & 19 - April 30 to May 6, 2026
View Comments
- Weekly share repurchase program transaction details
Apr 29, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 29, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 23, 2026 through April 29, 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 April 29, 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 37,631,634 Cumulative Quantity Repurchased 1,101,050 Cumulative Average Repurchase Price EUR 34.18 Start Date February 27, 2026 Percentage of program completed as of April 29, 2026 16.60% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount April 23, 2026 25,084 EUR 35.72 EUR 895,965 April 24, 2026 24,649 EUR 36.35 EUR 895,964 April 27, 2026 24,573 EUR 36.46 EUR 895,993 April 28, 2026 24,729 EUR 36.23 EUR 895,993 April 29, 2026 24,772 EUR 36.17 EUR 895,998 Total 123,807 EUR 36.18 EUR 4,479,914
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.
Story Continues
For further information, please visit our website at www.sbmoffshore.com.
Financial Calendar Date Year 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 Annual General Meeting April 7 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 17 & 18 - April 23 to April 29, 2026
View Comments
- Weekly share repurchase program transaction details
Apr 22, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 22, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 16, 2026 through April 22, 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 April 22, 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 33,151,719 Cumulative Quantity Repurchased 977,243 Cumulative Average Repurchase Price EUR 33.92 Start Date February 27, 2026 Percentage of program completed as of April 22, 2026 14.63% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount April 16, 2026 25,470 EUR 35.18 EUR 895,984 April 17, 2026 25,994 EUR 34.47 EUR 895,969 April 20, 2026 26,098 EUR 34.33 EUR 895,973 April 21, 2026 25,990 EUR 34.47 EUR 895,977 April 22, 2026 25,421 EUR 35.25 EUR 895,994 Total 128,973 EUR 34.74 EUR 4,479,896
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.
Story Continues
For further information, please visit our website at www.sbmoffshore.com.
Financial Calendar Date Year 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 Annual General Meeting April 7 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 16 & 17 - April 16 to April 22, 2026
View Comments
- Annual General Meeting 2026 Resolutions
Apr 15, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 15, 2026
SBM Offshore is pleased to announce that all resolutions were adopted as proposed during the Annual General Meeting of April 15, 2026. The adopted resolutions include the re-appointment of Øivind Tangen (Chief Executive Officer) as member of the Management Board, as well as the re-appointment of Roeland Baan (Supervisory Board Chair) as member of the Supervisory Board.
Shareholders also voted in favor of the proposed cash dividend of EUR84 million, which represents a dividend distribution of EUR0.5009 per ordinary share. The cash dividend is payable on May 13, 2026 to all shareholders of record as at April 20, 2026 through the bank or broker administering the shares.
ABN AMRO is responsible for executing the dividend payment on behalf of SBM Offshore and offers the Company’s shareholders the option to participate in a Dividend Reinvestment Plan (DRIP). By participating in this program, shareholders can reinvest their net dividend into shares of the Company. Further information regarding the DRIP will be made available by ABN AMRO to all financial intermediaries.
Further details on the adopted resolutions can be found on the Company’s 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 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 Annual General Meeting April 7 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
Story Continues
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 standardised 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.
Attachment
Annual General Meeting 2026 Resolutions
View Comments
- Weekly share repurchase program transaction details
Apr 15, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 15, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 9, 2026 through April 15, 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 April 15, 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 28,671,823 Cumulative Quantity Repurchased 848,270 Cumulative Average Repurchase Price EUR 33.80 Start Date February 27, 2026 Percentage of program completed as of April 15, 2026 12.65% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount April 9, 2026 24,439 EUR 36.66 EUR 895,990 April 10, 2026 24,316 EUR 36.85 EUR 895,974 April 13, 2026 24,140 EUR 37.12 EUR 895,978 April 14, 2026 24,392 EUR 36.73 EUR 895,979 April 15, 2026 25,259 EUR 35.47 EUR 895,995 Total 122,546 EUR 36.56 EUR 4,479,916
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.
Story Continues
For further information, please visit our website at www.sbmoffshore.com.
Financial Calendar Date Year 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 Annual General Meeting April 7 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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 15 & 16 - April 9 to April 15, 2026
View Comments
- Weekly share repurchase program transaction details
Apr 8, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 8, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 2, 2026 through April 8, 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 April 8, 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 24,191,908 Cumulative Quantity Repurchased 725,724 Cumulative Average Repurchase Price EUR 33.33 Start Date February 27, 2026 Percentage of program completed as of April 8, 2026 10.67% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount April 2, 2026 25,375 EUR 35.31 EUR 895,968 April 3, 2026 Stock markets closed April 6, 2026 Stock markets closed April 7, 2026 24,504 EUR 36.56 EUR 895,967 April 8, 2026 25,509 EUR 35.12 EUR 895,996 Total 75,388 EUR 35.65 EUR 2,687,931
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.
Story Continues
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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 14 & 15 - April 2 to April 8, 2026
View Comments
- SBM Offshore’s Longtail FPSO Win Extends Guyana Growth And Investor Story
Apr 2, 2026
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
SBM Offshore secured Front End Engineering and Design contracts from ExxonMobil Guyana Limited for the Longtail FPSO project in Guyana. The award extends SBM Offshore's Fast4Ward based FPSO work in the Stabroek Block and deepens its collaboration with ExxonMobil in the country. The project is expected to reinforce SBM Offshore's local content efforts and support engineering and project execution from Guyana and other hubs.
For investors tracking ENXTAM:SBMO, this contract win comes with the share price at €34.52 and follows a 39.9% return year to date and 83.3% over the past year. Over a 3 year period, the stock has delivered 203.6%, and over 5 years, 196.5%. These figures put recent news about the Longtail FPSO in the context of an already strong performance profile. In the short term, the share price has been more mixed, with a 1.1% decline over 7 days and a 7.9% return over 30 days.
For readers, the key question is how the Longtail FPSO work might influence SBM Offshore's project mix, cash flow timing, and exposure to Guyana over the coming years. The FEED award also adds another reference point for how the Fast4Ward program and local content strategy are being put to work in large offshore projects. This may be relevant as you compare ENXTAM:SBMO with other offshore and energy infrastructure names.
Stay updated on the most important news stories for SBM Offshore by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on SBM Offshore.ENXTAM:SBMO Earnings & Revenue Growth as at Apr 2026
We've flagged 3 risks for SBM Offshore. See which could impact your investment.
This Longtail FEED award keeps SBM Offshore closely tied to ExxonMobil in Guyana and extends the Fast4Ward based FPSO series that is already working on Liza Destiny, Liza Unity, Prosperity, ONE GUYANA and Jaguar. For you as an investor, that points to continuity in SBM Offshore's role on one of the largest deepwater developments in the sector. The contract also follows the company’s addition to the AEX index and removal from the AMX, which may broaden its shareholder base over time as more index linked capital can access the stock.
How This Fits Into The SBM Offshore Narrative
The Longtail FPSO work supports the narrative of contract wins and deepwater demand contributing to a sizable offshore project pipeline and recurring cash flows. Reliance on a concentrated set of large projects and a few premium clients such as ExxonMobil in Guyana also reinforces the concern about earnings sensitivity to project delays or changes in scope. The sale model for this FPSO, with ownership expected to transfer before operations, may affect the mix of lease and operate versus turnkey exposure in ways that are not fully reflected in the existing narrative.
Story Continues
Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for SBM Offshore to help decide what it is worth to you.
The Risks and Rewards Investors Should Consider
⚠️ Analysts have flagged that interest payments are not well covered by earnings, so additional project funding with senior loans for Longtail is worth tracking against future cash generation. ⚠️ The company is exposed to earnings forecast risks, with analysts expecting an average decline over the next 3 years, which could be pressured further if Longtail timelines or approvals slip. 🎁 SBM Offshore is trading at what is assessed as good value relative to peers and industry, and contracts like Longtail add another large reference project with a tier one client. 🎁 Earnings growth over the past year has been very large, and continued execution on Guyana FPSOs can help support perceptions of operational capability with clients and investors.
What To Watch Going Forward
From here, focus on the timing of government approvals, ExxonMobil’s final investment decision and the release of the second phase of work, as these steps unlock construction revenue and loan drawdowns. It is also worth watching how the ownership transfer structure and integrated operations model influence cash flow timing compared with SBM Offshore’s other lease and operate FPSOs. Finally, compare this win with activity at peers such as MODEC, BW Offshore and TechnipFMC to see whether SBM Offshore is maintaining or shifting its competitive position in deepwater projects.
To stay informed on how the latest news relates to the investment narrative for SBM Offshore, head to the community page for SBM Offshore to follow updates on the top community narratives.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SBMO.AS.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Weekly share repurchase program transaction details
Apr 1, 2026
SBM Offshore Amsterdam B.V.
Amsterdam, April 1, 2026
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period March 26, 2026 through April 1, 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 April 1, 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 21,503,977 Cumulative Quantity Repurchased 650,336 Cumulative Average Repurchase Price EUR 33.07 Start Date February 27, 2026 Percentage of program completed as of April 1, 2026 9.49% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount March 26, 2026 25,602 EUR 35.00 EUR 895,975 March 27, 2026 25,750 EUR 34.80 EUR 895,994 March 30, 2026 25,998 EUR 34.46 EUR 895,979 March 31, 2026 25,897 EUR 34.60 EUR 895,971 April 1, 2026 25,938 EUR 34.54 EUR 895,976 Total 129,185 EUR 34.68 EUR 4,479,897
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.
Story Continues
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.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Attachment
Press Release Week 13 & 14 - March 26 to April 1, 2026
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