Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 327

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 327
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 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: nil) of restructuring charges in connection with the Group’s ongoing optimization program, EUR 4 million (2023: EUR 16 million, 2022: EUR 15 million) of C-bandrepurposing expenses (Note 36), EUR 55 million (2023: EUR 9 million, 2022: EUR 3 million) of costs associated with the development and / or implementation of merger and acquisition activities, and EUR 3 million for one-offinfrastructure costs (2023: EUR 9 million for specific business taxes of a non-recurringnature, 2022: EUR 5 million regulatory charges of arising outside ongoing operations). F-41

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Note 6—Audit and assurance services fees For 2024, 2023 and 2022 the Group recorded charges, billed and accrued, from its independent auditors, and affiliated companies thereof, as set out below:

| € million                           |     | 2024 |      |     | 2023 |     |     | 2022