RB Global Announces US\$500 Million Share Repurchase Program

Key Highlights for Investors

• Program Size and Scope: RB Global, Inc. (NYSE: RBA; TSX: RBA) has announced the authorization of a new share repurchase program, under which the company may buy back up to US\$500 million worth of its common shares. This program is subject to approval by the Toronto Stock Exchange.
• Strategic Timing: The company plans to apply for approval of a Normal Course Issuer Bid (NCIB) in March 2026, indicating imminent execution, subject to regulatory sign-off.
• Capital Allocation Strategy: Management believes that repurchasing shares at certain market prices represents an attractive and appropriate use of company funds, potentially reflecting confidence in the intrinsic value of the stock.
• Funding Sources: Any repurchases will be funded through the company’s cash reserves or its senior credit facility, reflecting a position of financial strength and flexibility.
• Opportunistic Approach: The timing and amount of repurchases will depend on market conditions, the company’s share price, the availability of other strategic investment opportunities, and other relevant factors.

What Shareholders Need to Know

• Potential Impact on Share Price: Share repurchase programs are often viewed positively by the market as they may signal management’s confidence in the company’s future and can enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share (EPS).
• No Guarantees: The company cautions that there is no assurance any repurchases will occur. The program may be modified, suspended, or discontinued at any time, depending on market conditions and company priorities.
• Forward-Looking Risks: The announcement includes numerous forward-looking statements, subject to various risks and uncertainties. These include risks relating to the company’s ability to drive shareholder value, growth opportunities, market participation, integration of acquisitions, capital expenditures, industry conditions, and macroeconomic factors such as inflation, supply and demand, and currency fluctuations.
• Regulatory Approval Required: The repurchase program is contingent on regulatory approval, which is a standard but essential procedural step.

About RB Global

RB Global, Inc. is a leading omnichannel marketplace, providing value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company operates through a global network of auction sites and digital platforms, serving customers in sectors such as automotive, construction, commercial transportation, government surplus, energy, mining, and agriculture.

RB Global’s brands include Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread, offering end-to-end marketplace solutions.

Forward-Looking Statement Disclaimer

This article contains forward-looking statements, including expectations regarding the share repurchase program. These statements are subject to significant risks and uncertainties, many of which are beyond the company’s control and could cause actual results to differ materially. Investors are cautioned not to place undue reliance on these statements. The company undertakes no obligation to update forward-looking statements except as required by law.

This is not investment advice. Please consult your financial adviser before making investment decisions.

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