Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 380

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 380
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 the reporting date and the date when the consolidated financial statements were approved by the Board of Directors. F-95

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Note 38—Consolidated subsidiaries, associates The consolidated financial statements include the financial statements of the Group’s subsidiaries and associates listed below:

|                                                                   |     | Country    |     | Economic   
 interest % 
 2024       |     |     | Consol- 
 idation 
 method  
 2024    |      |     | Economic   
 interest % 
 2023       |     |     | Consol- 
 idation 
 method  
 2023    |        |     | Economic   
 interest % 
 2022       |     |     | Consol- 
 idation 
 method  
 2022    |        |
| Luxembourg Space Sector Development General Partner S.à r.l.      |     | Luxembourg |     |            | 100 |     |         | Full |     |            | 100 |     |         | Full   |     |            | 100 |     |         | Full   |
| Luxembourg Space Sector Development SCSp                          |     | Luxembourg |     |            |  50 |     |         | Full |     |            |  50 |     |         | Full   |     |            |  50 |     |         | Full   |
| LuxGovSat S.A.16                                                  |     | Luxembourg |     |            |  50 |     |         | Full |     |            |  50 |     |         | Full   |     |            |  50 |     |         | Full   |
| SES-10 S.à r.l.7                                                  |     | Luxembourg |     |            |   — |     |         | —    |     |            |   — |     |         | —      |     |            | 100 |     |         | Full   |
| SES-17 S.à r.l. 1                                                 |     | Luxembourg |     |            |   — |     |         | —    |     |            | 100 |     |         | Full   |     |            | 100 |     |         | Full   |
| SES Asia S.à r.l.                                                 |     | Luxembourg |     |            | 100 |     |         | Full |