Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 60

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 60
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. and EU export control laws in connection with any information, data, services, products or materials that it provides to, or receives from, companies relating to communications satellites, launch vehicles and associated equipment, customer equipment and data related to each. SES may not be able to maintain normal international business activities or meet customer commitments if:

| • |     | export licenses or approvals cannot be, or are not, obtained or are obtained but later withdrawn due to breach of 
 or changes in policy;                                                                                             |

| • |     | export licenses or approvals are not obtained in a timely manner; |

| • |     | export licenses or approvals do not permit transfer of some or all items requested; |

| • |     | launches with their products or materials are not permitted by certain suppliers or in certain regions; or |

| • |     | the requisite license, when granted, contains conditions or restrictions that pose significant commercial or 
 technical issues.                                                                                            |

Such occurrences could impede construction and delay the launch of any future satellites, or the delivery of customer services, negatively impacting current or future revenue, which could have a material adverse effect SES’s business, financial condition and results of operations. Global economic turmoil, trade wars and tariffs, and regional economic conditions could adversely affect SES’s business. Global economic turmoil resulting from events such as wars, including trade wars, recession, global pandemics, bank failures, inflation or rising interest rates, may cause general tightening in the credit markets, lower levels of liquidity, increases in rates of default and bankruptcy, levels of intervention from the European Union and foreign governments, decreased consumer confidence, overall slower economic activity and extreme volatility in credit, equity and fixed income markets. A decrease in economic activity in regions of the world in which SES operate, including in developed and developing countries may have a negative effect on our performance, which could delay the onset of new revenue and could adversely affect demand for our products and services. This situation could be further worsened by political instability in such countries and their governments’ inability to take timely action to deal with such crisis. Furthermore, financial institution failures may make it more difficult to finance any future acquisitions or engage in other financing activities. These factors could adversely affect our revenue and earnings. Imposition of tariffs or other trade barriers and changes in trading policies, potential retaliatory measures, or uncertainties in international trade policies and regulations may adversely impact SES’s operations, particularly given SES’s presence across multiple jurisdictions. We are unable to predict the ultimate result or duration of any changes to tariffs imposed by the U.S