1.5Business Performance

Economic Impact

The main financial highlights of the year and their associated financial impact are reported in section 4.1.4 Financial Review Directional.

Operational Excellence and Quality

SBM Offshore recognizes that, in order to be a high-performance company, it must strive for excellence. Operational Excellence and Quality includes themes such as ’Operational Governance’ section 2.7 and ’Target Excellence’ focusing on ’No Harm, No Defects, No Leaks’. SBM Offshore’s aim is to improve collaboration, knowledge-sharing and organizational learning.

SBM Offshore remains committed to full compliance with all applicable laws and regulations, and to deliver products and services meeting regulatory requirements and applicable specifications and requirements imposed by relevant stakeholders by:

  • Promoting a quality and compliance culture;
  • Maintaining ISO 9001:2015 certification;
  • Systematically identifying applicable regulatory requirements and ensuring compliance;
  • Achieving and maintaining conformity, compliance and acceptance of SBM Offshore’s products and services;
  • Supporting the continuous improvement of business processes and ways of working.

SBM Offshore embeds continuous improvement into its ways of working across the product lifecycle. Collaboration between Turnkey, Global Resources and Services, and other key areas ensures that performance is analyzed and lessons learned are captured. These insights drive enhancements to business processes and tools across the organization.

This approach strengthens SBM Offshore’s ability to mitigate risks associated with project execution, process safety, human capital, regulatory changes, and operational challenges, such as the integrity of aging assets, certification compliance and supply chain resilience.

During 2025, all relevant permits, licenses, authorizations, notifications and certificates were duly granted and maintained for all of SBM Offshore’s offshore facilities. SBM Offshore incurred no operational fines that exceeded the threshold for the category of fines considered ‘significant’ (see sections 3.6.4 and 3.7.4).

SBM Offshore actively promoted ’Target Excellence’ through – amongst others – work front engagements, stand downs at yards, vessels and offices. SBM Offshore is proud of the following achievements:

  • Maintained SBM Offshore’s ISO 9001:2015 certification;
  • Effective use of independent third parties for inspection, verification and assurance services related to execution and operations activities;
  • Completion of the implementation of the ’Quality Journey’ program;
  • Organized global ’Quality Day’;
  • Investigated Quality incidents and managed performance across SBM Offshore;
  • Conducted the ’Learning from Performance’ process across life cycle;
  • Implemented applicable learnings in the tendering and the set-up for future FPSOs;
  • Further digitalization of quality processes.