SBM Offshore First Quarter 2025 Trading Update

  • Amsterdam, May 15, 2025 Highlights Year-to-date Directional1 revenue of US$1,103 million, up 27% versus 1Q 2024 Full year 2025 Directional revenue and EBITDA guidance maintained Cash dividend of EUR150 million (equivalent to EUR0.8606 per ordinary share) paid on May 6, 2025 EUR141 million share repurchase program on track, c. 6.75% completed2 First oil for FPSO Almirante Tamandaré, FPSOs Alexandre de Gusmão & ONE GUYANA on track for first oil Strategic Collaboration Agreement signed with Microsoft to develop carbon-free floating power solutions Completion of the US$400 million sale and leaseback transaction for FPSO Cidade de Paraty Refinancing and increase to US$1.1 billion of the unsecured revolving credit facility Øivind Tangen, CEO of SBM Offshore, commented: “Our first quarter results, along with our full year Directional revenue and EBITDA guidance, highlight the Company's strong performance across all segments.