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SBM Offshore N.V. (SBFFY) Q2 2026 Earnings Call Transcript

Amsterdam, August 6, 2026 Highlights 112% increase in year-to-date Directional1 revenue of US$4.9 billion 92% increase in year-to-date Directional EBITDA of US$1.3 billion Record US$35.6 billion pro-forma Directional backlog; US$8.0 billion Directional net cash backlog2 Increase in full year 2026 Directional revenue guidance from above US$6.9 billion to around US$7.6 billion Increase in full year 2026 Directional EBITDA guidance from around US$1.8 billion to around US$1.9 billion FPSO SEAP I and SEAP II contracts awarded by Petrobras One new Fast4Ward® hull ordered, driven by strong FPSO market outlook Interim cash dividend of US$100 million3 or EUR0.5075 per ordinary share payable on September 3, 2026 US$100 million cash dividend for 2025 paid4; US$270 million share repurchase program on track, c. 44% completed5 Øivind Tangen, CEO of SBM Offshore, commented: “SBM Offshore entered 2026 with strong momentum and delivered a strong performance in the first half of 2026, underpinned by disciplined execution across our portfolio and the sale of FPSO ONE GUYANA.

Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million. The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation.

Amsterdam, June 4, 2026 SBM Offshore announces that it has entered into a shareholders' agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will remain the majority shareholder with 55% ownership interest.

PBR awards SBM Offshore a pair of contracts for the Sergipe Deepwater project in Brazil's offshore Sergipe-Alagoas Basin.

Amsterdam, June 1, 2026 SBM Offshore and Solstad Offshore have formed a joint venture, which has entered into a Letter of Intent with a selected shipyard to order a new-build next-generation multi-purpose deepwater installation and construction vessel. The new vessel is targeted for delivery in the first half of 2029.

Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday.

SBM Offshore N.V. (SBFFY) Q1 2026 Sales/Trading Call Transcript