Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 339

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 339
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, the group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVTPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVTPL are expensed in profit or loss. Changes in the fair value of financial assets at FVTPL are recognized in ‘Other non-operatingincome / expenses (net)’ in the consolidated statements of profit or loss as applicable (refer to Note 8).

| € million                                     |     | 2024 |    |     | 2023 |    |
| Other financial assets include the following: |     |      |    |     |      |    |
| Listed equity securities                      |     |      |  1 |     |      |  1 |
| Other equity securities                       |     |      | 19 |     |      | 16 |
| Other financial assets                        |     |      | 14 |     |      |  3 |
|                                               |     |   34 |    |     |   20 |    |

Note 18—Inventories

| € million        |     | 2024 |    |     | 2023 |    |
| Current assets   |     |      |    |     |      |    |
| Work in progress |     |      |  9 |     |      |  9 |
| Finished goods   |     |      | 40 |     |      | 46 |
|                  |     |      | 49 |     |      | 55 |

‘Work in Progress’ represents equipment being prepared for delivery to the Group’s customers whereas ‘Finished goods’ is the available on-handequipment ready for deliver to customers. In 2024 the Group recognized an inventory provision of EUR 7 million (2023: reversal of EUR 1 million of the previous inventory provision) based on stock movements in the period. The adjustments have been included in cost of sales in the consolidated income statements. F-62

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Note 19—Assets and liabilities related to contracts with customers The Group has recognized the following assets and liabilities related to contracts with customers:

| €