Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 339

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 339
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 their book value. The best estimate at the acquisition date of the contractual cash flows not expected to be collected was EUR 1 million.

| Purchase consideration—cash outflow         |     |     |
| € million                                   |     | EUR |
| Cash paid                                   |     | 435 |
| Less                                        |     |     |
| Balance acquired: Cash and cash equivalents |     |   — |
| Net outflow of cash – investing activities  |     | 435 |

Transaction-related costs of EUR 3 million were recognized directly in other operating expenses. The amounts of post-acquisition GES revenue and net loss included in the consolidated income statements were EUR 95 million and EUR 3 million respectively. The Group’s 2022 revenue and loss for the year if the acquisition had taken effect on January 1, 2022 would have been EUR 2,045 million and EUR 34 million respectively, instead of SES Group reported revenue and loss for the year of EUR 1,944 million and EUR 5 million respectively. Note 4—Revenue from contracts with customers The Group does business in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The Senior Leadership Team (‘SLT’), which is the chief operating decision-making committee in the Group’s corporate governance structure, reviews the Group’s financial reporting and generates those proposals for the allocation of the Group’s resources which are submitted for validation to the Board of Directors. The main sources of financial information used by the SLT in assessing the Group’s performance and allocating resources are:

| • |     | analyzes of the Group’s revenues from its business units SES Video and SES Networks (comprising the sales 
 verticals Fixed Data, Mobility and Government);                                                           |

| • |     | cost and overall Group profitability development; |

| • |     | internal and external analyzes of expected future developments in the markets into which capacity is being 
 delivered and of the commercial landscape applying to those markets.                                       |

F-38

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Revenue by business unit As reported, the revenue allocated to the relevant business units developed as follows:

| € million    |     | 2024 |       |     | 2023 |       |     |