Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 244

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 244
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 ) |     |        |    (2 | ) |
| Balance as of December 31, 2022            |     |                                      | 696 |   |     |         | 1,564 |   |     |          |  (80 | ) |     |           | 1,175 |     |           | 2,428 |   |     |          |  (34 | ) |     |             | (153 | ) |     |       | 5,596 |   |     |                 | 62 |   |     |        | 5,658 |   |

| 1 | Dividends are presented net of dividends received on treasury shares of EUR 11 million. |

| 2 | The non-distributable items included in other reserves are 
 described in Note 22.                                      |

The notes are an integral part of the consolidated financial statements. F-11

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Consolidated financial statements

as of and for the years ended December 31, 2023 and December 31, 2022

Notes to the consolidated financial statements

Note 1—Corporate information

SES S.A. (‘SES’ or ‘the Company’) was incorporated on March 16, 2001 as a limited liability company
(Société Anonyme) under Luxembourg Law. References to ‘the Group’ in the following notes are to the Company and its subsidiaries. SES trades under ‘SESG’ on the Luxembourg Stock Exchange and Euronext, Paris. The
registered office of the Company is at: Château de Betzdorf, L-6815 Betzdorf, Luxembourg.

SES is a leader in global content connectivity solutions, leveraging a vast and intelligent network spanning satellite and ground
infrastructure to create, deliver and manage video and data solutions enabling customers to connect more people in more places with content that enriches their personal stories with knowledge, entertainment and opportunity.

The consolidated financial statements of SES as of, and for the years ended December 31, 2023 and December 31, 2022 were authorized
for issue in accordance with a resolution of the Board of Directors on November 5, 2024.

Note 2—Summary of material accounting policies

Basis of preparation

The consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 have