Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 301

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 301
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 as of December 31, 2024                                       |     |                                      | 696 |     |         | 1,564 |     |          | (198 | ) |     |           | 588 |   |     |           |   875 |   |     |          |   15 |   |     |             | (117 | ) |     |       | 3,423 |   |     |             | 69 |   |     |        | 3,492 |   |

| 1 | Dividends are presented net of dividends received on treasury shares of EUR 15 million. |

| 2 | The non-distributable items included in other reserves are 
 described in Note 24.                                      |

The notes are an integral part of the consolidated financial statements. F-10

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

Consolidated statements of changes in shareholders’ equity For the year ended December 31, 2023

|                                                             |     | Attributable to owners of the parent |     |     |         |       |     |          |     |   |     |           |       |   |     |           |       |   |     |          |      |   |     |             |      |   |     |       |        |   |     |             |    |   |     |        |        |   |
| € million                                                   |     | Issued                               
 capital                              |     |     | Share   
 premium |       |     | Treasury 
 shares   |     |   |     | Perpetual 
 bond      |       |   |     | Other     
 reserves2 |       |   |     | Retained 
 earnings |      |   |     | Foreign     
 currency    
 translation 
 reserve     |      |   |     | Total |        |   |     | Non-        
 controlling 
 interest    |    |   |     | Total  
 equity |        |   |
| Balance as of                                               
 January 1, 2023                                             |     |                                      | 696 |     |         | 1,564 |     |          | (80 | ) |     |           | 1,175 |   |     |           | 2,428 |   |     |          |  (34 | ) |     |             | (153 | ) |     |       |  5,596 |   |     |             |