Globant launches share buyback program of up to $125 million
The Board of Directors of Globant S.A. (NYSE: GLOB) has approved a new share buyback program authorizing an allocation of up to $50 million per quarter, with a total cap of $125 million. The plan will be effective from the fourth quarter of 2025 until the fourth quarter of 2026.
The measure aims to increase shareholder value in alignment with the company’s growth strategy.
Martín Migoya, co-founder, Chairman, and CEO of Globant, explained:
“As our business continues to consolidate, aligned with our AI-first strategy mindset, we see a significant opportunity to deliver greater value to our shareholders. This share repurchase program demonstrates our strong confidence in Globant’s long-term strategy. We will continue building an innovative and growing business, enhancing the value we generate for our clients and all our stakeholders.”
Strong Financial Backing.
Juan Urthiague, the company’s CFO, noted that this decision is supported by the business’s cash flow generation capabilities. The CEO also stated:
“This share repurchase program is backed by our cash flow generation and is a key component of our disciplined capital allocation strategy. While executing this program, we will continue to invest in strategic growth initiatives.”
Key Conditional Factors.
According to Globant, the execution of the program will depend on various factors including market conditions, share price, corporate liquidity priorities, regulatory and legal requirements, as well as potential investment or acquisition opportunities.
Execution Flexibility.
Repurchases may be carried out occasionally and at the company’s discretion, using various methods such as open market transactions or accelerated repurchase programs. The company is under no obligation to purchase a specific number of shares, and the program may be suspended or terminated at any time without prior notice.
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