Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 464

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 464
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 been reimbursed to the shareholders through the date of this Annual Report.

F-166

SUPPLEMENTARY INFORMATION

F-167

Supplemental Consolidating Financial Information The following presents our unaudited condensed consolidating balance sheet as of December 31, 2024 and unaudited condensed consolidating statements of operations, changes in shareholders’ equity and cash flows for the year ended December 31, 2024. Investments in subsidiaries in the following unaudited condensed consolidating financial information are accounted for under the equity method of accounting. Consolidating adjustments include eliminations of the following:

| • |     | investments in subsidiaries; |

| • |     | intercompany accounts; |

| • |     | intercompany sales and expenses; and |

| • |     | intercompany equity balances. |

F-168

INTELSAT S.A. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2024 (in thousands)

| ASSETS                                                 
 Current assets:                                        |     | Intelsat S.A. and Other 
 Parent Companies        |           |     | Intelsat Jackson and 
 Subsidiaries         |            |     | Consolidation and 
 Eliminations      |            |   |     | Consolidated |           |
|:-------------------------------------------------------|:----|:------------------------|----------:|:----|:---------------------|-----------:|:----|:------------------|:-----------|:--|:----|:-------------|----------:|
| Cash and cash equivalents                              |     | $                       |       606 |     | $                    |    996,829 |     | $                 | —          |   |     | $            |   997,435 |
| Restricted cash                                        |     |                         |         — |     |                      |     11,223 |     |                   | —          |   |     |              |    11,223 |
| Receivables, net of allowances                         |     |                         |        21 |     |                      |    312,341 |     |                   | —          |   |     |              |   312,362 |
| Contract assets, net of allowances                     |     |                         |         — |     |                      |     54,330 |     |                   | —          |   |     |              |    54,330 |
| Inventory                                              |     |                         |         —