Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 284

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 284
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 |   — |     |         |     — |     |          |    — |   |     |           |   — |   |     |           |    20 |   |     |          |    — |   |     |             |    — |   |     |       |    20 |   |     |             |  — |   |     |        |    20 |   |
| Transactions with non-controlling interest and other                  
 movements                                                             |     |                                      |   — |     |         |     — |     |          |    — |   |     |           |   — |   |     |           |    (3 | ) |     |          |    — |   |     |             |    — |   |     |       |    (3 | ) |     |             | (1 | ) |     |        |    (4 | ) |
| Total transactions with owners in their capacity as owners:           |     |                                      |   — |     |         |     — |     |          | (103 | ) |     |           |   — |   |     |           |  (315 | ) |     |          |    — |   |     |             |    — |   |     |       |  (418 | ) |     |             | (1 | ) |     |        |  (419 | ) |
| Balance as of December 31, 2024                                       |     |                                      | 696 |     |         | 1,564 |     |          | (198 | ) |     |           | 588 |   |     |           |   875 |   |     |          |   15 |   |     |             | (117 | ) |     |       | 3,423 |   |     |             | 69 |   |     |        | 3,492 |   |

| 1 | Dividends are presented net of dividends received on treasury shares of EUR 15 million. |

| 2 | The non-distributable items included in other reserves are 
 described in Note 24.                                      |

The notes are an integral part of the consolidated financial statements. F-10

Consolidated statements of changes in shareholders’ equity For the year ended December 31, 2023

|                                                             |     | Attributable to owners of the parent |     |     |         |       |     |          |     |   |