Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 375

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 375
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      | 15 |     |      |  9 |     |      |  4 |
| Ground segment                                   |     |      |  4 |     |      |  3 |     |      |  4 |
| Other fixtures and fittings, tools and equipment |     |      |  1 |     |      |  1 |     |      |  1 |
| Total                                            |     |      | 25 |     |      | 19 |     |      | 19 |

Finance cost:

| €million         |     | 2024 |   |     | 2023 |   |     | 2022 |   |
| Interest expense |     |      | 2 |     |      | 2 |     |      | 2 |
| Total            |     |      | 2 |     |      | 2 |     |      | 2 |

The total cash outflow for leases in 2024 was EUR 26 million (2023: EUR 22 million, 2022: EUR 17 million). Note 34—Cash flow information Net cash generated by operating activities Other non-cashitems in the consolidated income statements, disclosed in other notes are:

| • |     | Restructuring expense (Note 5) |

| • |     | Charge for share-based compensation (Note 26) |

| • |     | Provision for the impairment of trade and other receivables (Note 20) |

| • |     | Inventory provision (Note 18) |

| • |     | Net foreign exchange gains (Note 7) |

| • |     | Finance lease income (Note 7) |

| • |     | Interest income (Note 7) |

| • |     | Amortization of loan originations costs (Note 7) |

| • |     | Income from structured financing (Note 8) |

| • |     | Fair value gains/ losses on financial assets (Note 8) |

Non-cashinvesting activities Purchases of property, plant and equipment or intangible assets not included as a cash outflow in the consolidated statements of cash flows are disclosed in Notes 14, 15 and 16. F-91

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Net debt reconciliation This section sets out an analysis of net debt