• Smith & Nephew launched a new USD 500 million share buyback to be completed within next 12 months.
• Program funded from free cash flow, existing cash balances.
• Buyback, ordinary dividends expected to return more than USD 835 million to shareholders over next 12 months, equal to 6.3% of market cap based on May 1 close.
• New program follows USD 500 million buyback completed in 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith & Nephew plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-004381), on May 06, 2026, and is solely responsible for the information contained therein.