Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 330

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 330
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3 | ) |     |       |   (259 | ) |
| Balance as of December 31, 2022        |     |           | (215 | ) |     |         | (8,118 | ) |     |         | (675 | ) |     |                     | (244 | ) |     |       | (9,252 | ) |
| Net book value as of December 31, 2022 |     |           |   85 |   |     |         |  3,250 |   |     |         |  227 |   |     |                     |   68 |   |     |       |  3,630 |   |

| 1 | Satellites Astra 3A and AMC-8 were deorbited in 2022 |

| 2 | SES-17, SES-20, SES-21 and SES-22 became operational during 2022 |

The Group’s policy in setting the useful economic life of its satellites is to initially use the satellite design life and then, once sufficient time has passed to allow for initial anomalies to be investigated and future fuel projections to be stabilized, to adjust the depreciation life to take into account factors such as the technical condition of the satellite, its projected remaining fuel life, and replacement or redeployment plans. The review in 2024 resulted in a revision to the remaining useful economic lives of one GEO satellite but did not have a significant impact on 2024 depreciation expense due to the low net book value of the satellite concerned. The review in 2023 resulted in no revisions to the remaining useful economic lives of any GEO satellites. The review in 2022 resulted in revisions to the remaining useful economic lives of MEO Block 1-2,3A, 3B and three GEO satellites resulting in a net increase in the depreciation expense for 2022 of EUR 4 million. As of December 31, 2024, the amount of the property, plant and equipment pledged in relation to Group liabilities was nil (2023: nil, 2022: nil). For further information related to right-of-useassets, see Note 33. F-52

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Impairment of space segment assets In 2024, the net impairment expense recorded for space segment assets was EUR 216 million (2023