Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 376

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 376
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 2024 |     |     | 2023 |     |
| Within one year                             |     |      | 160 |     |      | 152 |
| After one year but not more than five years |     |      | 130 |     |      | 130 |
| After more than five years                  |     |      |  45 |     |      |  47 |
| Total                                       |     |      | 335 |     |      | 329 |

The total expense recognized for transponder service agreements in 2024 was EUR 158 million (2023: EUR 141 million, 2022: EUR 94 million). Litigation There were no significant litigation claims against the Group as of December 31, 2024, or as of December 31, 2023. Guarantees On December 31, 2024 the Group had outstanding bank guarantees of EUR 39 million (2023: EUR 48 million) with respect to performance and warranty guarantees for services of satellite operations. Note 33—Leases Lessor During 2024 the Group recognized EUR 49 million of leasing income (2023: EUR 22 million, 2022: EUR 6 million) related to customer lease contracts (see Note 4) and EUR 5 million of finance lease income (2023: nil) related to an equipment finance lease contract (see Note 7). Lessee The Group’s right-of-useassets and associated liabilities are measured at the present value of the remaining lease payments, discounted using the Group’s weighted average incremental borrowing rate of the previous year, namely 2.97% (2023: 2.87%, 2022: 2.76%). F-89

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Amounts recognized in the consolidated statements of financial position The Group leases office buildings, third-party transponders, ground segment assets and other fixtures and fittings, tools and equipment as set out below.

| € million                |     | Buildings |     |   |     | Transponders 
 (included    
 within Space 
 Segment)     |     |   |     | Ground  
 segment |     |   |     | Other fixtures 
 and fittings,  
 tools and      
 equipment      |    |   |     | December 31, 
 2024         |     |   |
|