Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 382

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 382
---
,275 |   |
| Change in deferred satellite performance incentives                                       |     |                   |       — |     |                   |       — |   |     |                   |  22,255 |     |                   | (2,392 | ) |
| Conversion of                                                                             
 payment-in-kind interest on loans held-for-investment                                     |     |                   |       — |     |                   |   2,196 |   |     |                   |   5,423 |     |                   |  6,166 |   |
| Accrued share premium distribution                                                        |     |                   |       — |     |                   |       — |   |     |                   | 130,000 |     |                   | 17,166 |   |
| Reclassification of inventory to satellites and other property and equipment              |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   | 10,482 |   |
| Reclassification of satellites and other property and equipment to amortizable intangible 
 assets                                                                                    |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   | 12,625 |   |
| Reclassification of satellites and other property and equipment to other assets           |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   |  4,582 |   |
| Contribution to investment                                                                |     |                   |       — |     |                   |       — |   |     |                   |  46,526 |     |                   |      — |   |
| Conversion of loans                                                                       
 held-for-investment to equity securities                                                  |     |                   |       — |     |                   |  11,764 |   |     |                   |       — |     |                   |      — |   |
| Contribution from parent                                                                  |     |                   | 175,706 |     |                   |       — |   |     |                   |       — |     |                   |      — |   |

See accompanying notes to the consolidated financial statements. F-108

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

INTELSAT S.A. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

Note