Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 341

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 341
---
                   |     |      | (238 | ) |     |      | (236 | )** |     |      | (199 | )* |
| Other cost of sales                      |     |      | (66  | ) |     |      | (68  | )   |     |      | (67  | )* |
| Total cost of sales                      |     |      | (461 | ) |     |      | (444 | )   |     |      | (360 | )  |

| * | 2023 Customer support costs have been changed in order to include indirect customer related expenses,                                                   
 reclassified from Other cost of sales. An amount of EUR 90 million in 2022 has been reclassified from “Other cost of sales” to “Customer support costs” |

| ** | Costs of EUR 7 million in 2024, EUR 8 million in 2023 and EUR 9 million in 2022 associated with                                                                                                                                
 satellite telemetry, tracking and control services which were previously included under ‘Other operating expenses,’ are now reported as part of ‘Cost of Sales’ to be consistent with the current year presentation and better 
 aligned with the nature of the expenses.                                                                                                                                                                                       |

| 2 | Staff costs of EUR 402 million (2023: EUR 409 million, 2022: EUR 330 million) include gross salaries                                                                                                                                       
 and employer’s social security payments, payments into pension schemes for employees, charges arising under share-based payment schemes, as well as staff-related restructuring charges of EUR 54 million (2023: EUR 27 million, 2022: EUR 
 9 million) and C-band repurposing related expenses of EUR 0 million (2023: EUR 29 million, 2022: EUR 12 million). At the year-end the total full-time                                                                                      
 equivalent number of members of staff was 2,118 (2023: 2,294, 2022: 2,298).                                                                                                                                                                |

| 3 | Other operating expenses of EUR 236 million (2023: EUR 244 million, 2022: EUR 196 million) are, by their                                                                                                          
 nature, less variable with revenue and include office-related and technical facility costs, in-orbit insurance, marketing, general and administrative expenditure, consulting charges, travel-related expenditure 
 and movements in debtor provisions.                                                                                                                                                                               |

Other operating expenses also include an amount of EUR 9 million (2023: nil, 2022: