Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 351

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 351
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 | 100 |   |     |      |  93 |   |     |                         | 18 |   |     |      | 14 |   |     |      | 13 |   |
| Increase in provision recognized in profit or loss during the year |     |                      |  30 |   |     |      |  41 |   |     |      |  38 |   |     |                         |  9 |   |     |      |  1 |   |     |      |  3 |   |
| Receivables written off during the year as uncollectible           |     |                      | (18 | ) |     |      | (13 | ) |     |      | (20 | ) |     |                         |  8 |   |     |      |  8 |   |     |      |  — |   |
| Unused amount reversed                                             |     |                      | (31 | ) |     |      | (29 | ) |     |      | (16 | ) |     |                         | (2 | ) |     |      | (1 | ) |     |      | (4 | ) |
| Other movements                                                    |     |                      |   — |   |     |      |   — |   |     |      |   — |   |     |                         |  — |   |     |      | (3 | ) |     |      |  1 |   |
| Impact of currency translation                                     |     |                      |   3 |   |     |      |  (3 | ) |     |      |   5 |   |     |                         |  1 |   |     |      | (1 | ) |     |      |  1 |   |
| Balance as of December 31                                          |     |                      |  80 |   |     |      |  96 |   |     |      | 100 |   |     |                         | 34 |   |     |      | 18 |   |     |      | 14 |   |

F-70

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

| 6. | C-band repurposing receivables risk |

The Group records reimbursement receivables for capital expenditure and operational costs only when the expenses have been