Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 316

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 316
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 | 2,030 |

| 2022                                  
 € million                             |     | Revenue recognized 
 at a point in time |    |     | Revenue recognized 
 over time          |       |     | Total |       |
| Revenue from contracts with customers |     |                    | 49 |     |                    | 1,889 |     |       | 1,938 |
| Lease income                          |     |                    |  — |     |                    |     6 |     |       |     6 |
| Total                                 |     |                    | 49 |     |                    | 1,895 |     |       | 1,944 |

Revenue from contracts with customers recognized at a point in time is mainly related to sales of equipment and amounts to EUR 74 million in 2024 (2023: EUR 59 million, 2022: EUR 49 million). Remaining performance obligations Our remaining performance obligations, which the Group refers to as revenue “backlog”, represent our expected future revenues under existing customer contracts and include both cancelable and non-cancelablecontracts. The backlog was EUR 4.8 billion as of December 31, 2024 (2023: EUR 5.2 billion, 2022: EUR 5.9 billion), EUR 3.7 billion (2023: EUR 4.3 billion, 2022: EUR 4.8 billion) of which related to ‘protected’ (that is, non-cancelable)backlog and EUR 1.1 billion (2023: EUR 911 million, 2022: EUR 1.1 billion) of which related to ‘unprotected’ (cancelable) backlog. Approximately 30% of the backlog is expected to be recognized as revenue in 2025, approximately 24% in 2026, and approximately 19% in 2027, with the remaining thereafter. Protected backlog includes non-cancelablecontracts and cancelable contracts with substantive termination fees. For contracts with termination options that do not have substantive termination fees, protected backlog also includes contract periods up to the first optional termination date. Unprotected backlog includes revenue from contracts that are cancelable and not subject to substantive termination fees. Revenue by country The Group’s revenue from external customers analyzed by country using the customer’s billing address is as follows:

| € million                            |     | 2024 |       |     | 2023 |       |     | 2022 |       |
| Luxembourg (SES country of domicile)