Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 368

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 368
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 18 |     |      | 23 |
| Total                                 |     |      | 55 |     |      | 83 |

Employee benefits obligations In the Group’s US operations certain employees benefit from an externally insured post-retirement health benefit plan. As of December 31, 2024, accrued premiums of EUR 7 million (2023: EUR 6 million) are included in this position. There were no contributions made in 2024 to Group pension schemes (2023: nil). In addition, certain employees of the US operations benefit from defined contribution pension plans. A liability of EUR 8 million has been recognized as of December 31, 2024 (2023: EUR 10 million) in this respect, out of which EUR 0 million is included under ‘Trade and other payables’ (2023: EUR 2 million). Payments received in advance In the framework of receivables securitization transactions completed in June 2019 the Group received a net cash amount of EUR 59 million, from the financial institution as advance settlement of future receivables arising between 2022 and 2024 under contracts with a specific customer. The entire outstanding balance of EUR 25 million as of December 31, 2023 was repaid to the financial institution in January 2024. F-85

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 In June 2022, the Company received a net cash amount of EUR 47 million from the financial institution as advance settlement of future receivables arising between 2024 and 2025 under contracts with a specific customer. A corresponding aggregate liability including interest of EUR 48 million (2023: EUR 72 million), representing SES’s obligation towards the financial institution to continue to provide services to the customer in accordance with the terms of the customer contract, is recorded in the consolidated statements of financial position as of December 31, 2024 under ‘Trade and other payables’ for EUR 25 million (2023: EUR 25 million) and under ‘Other financial long-term liabilities’ for EUR 23 million. Other long-term liabilities The other long-term liabilities include customer collateral deposits amounting to EUR 18 million (2023: EUR 23 million). Note 31—Fixed assets suppliers

| € million   |     | 2024 |     |     | 2023 |