Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 392

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 392
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557 | ) |     | $         | 3,121 |
| Year Ended December 31, 2023 (Successor)            |     | $                   | 21,743 |     |            | 13,736 |     |               | (5,804  | ) |     | $         | 29,675 |     | $               | 3,121 |     |            | (2,391 | ) |     |                 |    806 |   |     | $         | 1,536 |
| Year Ended December 31, 2024 (Successor)            |     | $                   | 29,675 |     |            |  3,287 |     |               | (6,738  | ) |     | $         | 26,224 |     | $               | 1,536 |     |            | (487   | ) |     |                 |      — |   |     | $         | 1,049 |

| (1) | Reflects uncollectible accounts written off, net of recoveries. |

| (2) | As of February 28, 2022, the fair value of our net accounts receivable and contract assets balances              
 approximated their carrying values; therefore, no fair value adjustment for Fresh Start Accounting was required. |

| (3) | Upon application of Fresh Start Accounting, the Company identified certain receivables and contract assets that                                                                                                                             
 met the definition of purchased financial assets with credit deterioration in accordance with ASC 326, Financial Instruments—Credit Losses. Therefore, the Company recognized allowances with corresponding increases to the amortized cost 
 bases of receivables and contract assets as of the Fresh Start Reporting Date.                                                                                                                                                              |

(g) Satellites and Other Property and Equipment Satellites and other property and equipment are stated at historical cost, except for satellites that have been impaired. Satellites and other property and equipment acquired as part of an acquisition are recorded based on their fair value at the date of acquisition. Capitalized costs consist primarily of the costs of satellite construction and launch, including launch insurance and insurance during the period of in-orbittesting, the net present value of performance incentives that are expected to be payable to the satellite manufacturers (dependent on the continued satisfactory performance of the satellites), costs directly associated with the monitoring and support of satellite construction, and interest costs incurred during the period of satellite construction. See Note 10—Leases and “ (u) Leases