Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 346

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 346
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 earnings of certain subsidiaries. Such amounts are permanently reinvested or not subject to taxation.

F-46

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, 2024, December 31, 2023 and December 31, 2022 Movement in deferred income tax assets and liabilities The movement in deferred income tax assets and liabilities during the years, without taking into consideration the offsetting of balances, is as follows:

| Deferred tax assets                        
 Balance as of January 1, 2022              |     | Losses  
 carried 
 forward | 301 |   |     | Tax     
 credits |  259 |   |     | Tangible 
 assets   | — |     | Intangible 
 assets     | 23 |   |     | Trade and   
 other       
 receivables | 19 |   |     | Other |  5 |     | Total | 607 |   |
|:-------------------------------------------|:----|:--------|----:|:--|:----|:--------|-----:|:--|:----|:---------|--:|:----|:-----------|---:|:--|:----|:------------|---:|:--|:----|:------|---:|:----|:------|----:|:--|
| (Charged)/credited to the income statement |     |         |  (7 | ) |     |         |  (53 | ) |     |          | — |     |            | (4 | ) |     |             | (5 | ) |     |       |  — |     |       | (69 | ) |
| Exchange difference1                       |     |         |   2 |   |     |         |    — |   |     |          | — |     |            |  1 |   |     |             |  1 |   |     |       |  — |     |       |   4 |   |
| Balance as of December 31, 2022            |     |         | 296 |   |     |         |  206 |   |     |          | — |     |            | 20 |   |     |             | 15 |   |     |       |  5 |     |       | 542 |   |
| (Charged)/credited to