Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 377

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 377
---
 December 31, 2024, December 31, 2023 and December 31, 2022 Note 38—Consolidated subsidiaries, associates The consolidated financial statements include the financial statements of the Group’s subsidiaries and associates listed below:

|                                                                   |     | Country    |     | Economic   
 interest % 
 2024       |     |     | Consol- 
 idation 
 method  
 2024    |      |     | Economic   
 interest % 
 2023       |     |     | Consol- 
 idation 
 method  
 2023    |        |     | Economic   
 interest % 
 2022       |     |     | Consol- 
 idation 
 method  
 2022    |        |
| Luxembourg Space Sector Development General Partner S.à r.l.      |     | Luxembourg |     |            | 100 |     |         | Full |     |            | 100 |     |         | Full   |     |            | 100 |     |         | Full   |
| Luxembourg Space Sector Development SCSp                          |     | Luxembourg |     |            |  50 |     |         | Full |     |            |  50 |     |         | Full   |     |            |  50 |     |         | Full   |
| LuxGovSat S.A.16                                                  |     | Luxembourg |     |            |  50 |     |         | Full |     |            |  50 |     |         | Full   |     |            |  50 |     |         | Full   |
| SES-10 S.à r.l.7                                                  |     | Luxembourg |     |            |   — |     |         | —    |     |            |   — |     |         | —      |     |            | 100 |     |         | Full   |
| SES-17 S.à r.l. 1                                                 |     | Luxembourg |     |            |   — |     |         | —    |     |            | 100 |     |         | Full   |     |            | 100 |     |         | Full   |
| SES Asia S.à r.l.                                                 |     | Luxembourg |     |            | 100 |     |         | Full |     |            | 100 |     |         | Full   |     |            | 100 |     |         | Full   |
| SES Astra S.A.