Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 283

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 283
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 |     |         |     — |   |     |          |   14 |   |     |           |     — |     |           |  (219 | ) |     |          |    — |   |     |             |    — |   |     |       |  (205 | ) |     |             | (2 | ) |     |        |  (207 | ) |
| Balance as of December 31, 2022                                        |     |                                      | 696 |   |     |         | 1,564 |   |     |          |  (80 | ) |     |           | 1,175 |     |           | 2,428 |   |     |          |  (34 | ) |     |             | (153 | ) |     |       | 5,596 |   |     |             | 62 |   |     |        | 5,658 |   |

| 1 | Dividends are presented net of dividends received on treasury shares of EUR 11 million. |

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

| 3 | ‘Income tax relating to treasury shares impairment expense or reversal’ has been reclassified                                                                              
 from ‘Consolidated statements of comprehensive income’ to ‘Consolidated statements of changes in shareholders’ equity’ in order to align with current year’s presentation. |

The notes are an integral part of the consolidated financial statements. F-12

Consolidated financial statements

as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

Notes to the consolidated financial statements

Note 1—Corporate information

SES S.A. (‘SES’ or ‘the Company’) was incorporated on March 16, 2001 as a limited liability company
(Société Anonyme) under Luxembourg Law. References to ‘the Group’ in the following notes are to the Company and its subsidiaries. SES trades under ‘SESG’ on the Luxembourg Stock Exchange and Euronext, Paris. The
registered office of the Company is at: Château de Betzdorf, L-6815 Betzdorf, Luxembourg.

SES is a leader in global content connectivity solutions, leveraging a vast and intelligent network spanning satellite and ground
infrastructure to create, deliver and manage video and data solutions enabling customers to connect more people in