Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 327

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 327
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 Calculated as 83% of adjusted loss attributable to owners of the parent, based on the weight of the 
 Class A weighted average number of shares out of the total shares.                                  |

| 2 | Calculated as 17% of adjusted loss attributable to owners of the parent, based on the weight of the 
 Class B weighted average number of shares out of the total shares.                                  |

Assumed coupon accruals of EUR 15 million (net of tax) for the year ended December 31, 2024 (2023: EUR 36 million, 2022: EUR 36 million) related to the Perpetual Bonds in issue have been considered for the calculation of the basic and diluted earnings available for distribution. The weighted average number of shares based on the capital structure of the Company as described in Note 24, net of own shares held, and adjusted to reflect the relative economic rights of the Class A shares and Class B shares for calculating basic earnings per share was as follows:

|                              |     | 2024 |       |     | 2023 |       |     | 2022 |       |
| Class A shares (in million)  |     |      | 351.7 |     |      | 364.8 |     |      | 364.1 |
| Class B shares (in million)1 |     |      |  72.9 |     |      |  74.3 |     |      |  74.3 |
| Total                        |     |      | 424.6 |     |      | 439.1 |     |      | 438.4 |

F-48

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

| 1 | Weighted average number of Class B shares of 182.3 (in million) (2023: 185.7, 2022: 185.8), net of own 
 shares held, was multiplied by 40% considering the relative economic rights.                           |

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which are primarily related to the share-based compensation plans. A calculation is done to determine the number of shares that could have been acquired at fair value based on the monetary value of the subscription rights attached to outstanding share options. The