Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 357

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 357
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 |     | 2024 |       |     | 2023 |       |
| Cash at bank and in hand                                      |     |      |   290 |     |      |   283 |
| Cash and cash equivalents subject to contractual restrictions |     |      |   300 |     |      |     — |
| Term deposits                                                 |     |      | 1,458 |     |      | 1,336 |
| Money market funds                                            |     |      | 1,473 |     |      | 1,288 |
| Total cash and cash equivalents                               |     |      | 3,521 |     |      | 2,907 |

Cash at banks and money market funds are subject to interest at floating rates based on daily bank rates. Short-term deposits are made for varying periods, depending on the immediate cash requirements of the Group—and earn interest at the respective deposit rates. Cash and cash equivalents are held at various financial institutions meeting the credit rating criteria set out in Note 22 above. See also Note 36 in connection with the receipt of C-bandAccelerated Relocation Payments around the year end. F-71

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Cash and cash equivalents subject to contractual restrictions of EUR 300.0 million (2023: EUR nil) represents funds received from European Commission in relation to the IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) program. This represents initial funding from the EU Commission for program costs arising in the first year of the program for both SES ASTRA S.A. and other consortium members and subcontractors. At the year-end,the Group has a deposit of EUR 300.0 million (2023: EUR nil) in relation to the IRIS² program. Note 24—Shareholders’ equity Issued capital SES has a subscribed capital of EUR 696 million (2023: EUR 696 million, 2022: EUR 696 million), represented by 371,457,600 Class A shares (2023: 371,457,600 Class A shares, 2022: 371,457,600 Class A shares) and 185,728,800 Class B shares (2023: 185,728,800 Class B shares, 2022: 185,728,800 Class B shares) with no par value.