Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 318

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 318
---
 withholding taxes                                           |     |      |  (9 | ) |     |      |   (8 | ) |     |      |  (5 | ) |
| Translation impact on investments in subsidiaries                   |     |      |   — |   |     |      |    — |   |     |      | (33 | ) |
| Other                                                               |     |      |  (2 | ) |     |      |    1 |   |     |      |  (4 | ) |
| Income tax reported in the consolidated income statements           |     |      | (55 | ) |     |      | (176 | ) |     |      | (87 | ) |

F-43

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 Effect of changes in tax rate During 2024, as a result of the change in the Luxembourg corporate income tax rate from 27.19% to 26.12% effective as of January 1, 2025, the relevant deferred tax assets and liabilities balances as of December 31, 2024 have been re-measured.The total impact of re-measurementwas an income tax expense of EUR 21 million. Foreign withholding tax The foreign withholding tax of EUR 9 million for the year ended December 31, 2024 (2023: EUR 8 million, 2022: EUR 5 million) includes EUR 4 million of Indian withholding tax retained by customers and paid to the Indian tax authorities (2023: EUR 4 million, 2022: EUR 2 million). A final decision on Indian withholding taxes is still pending at the level of the Supreme Court. The remaining EUR 5 million (2023: EUR 4 million, 2022: EUR 3 million) relates to withholding tax retained by customers in other jurisdictions. Impact of deferred taxes Considering the estimated future taxable income based on the most recent business plan information and tax losses carried forward in the Luxembourg fiscal unity as of the end of 2024 the Company has concluded that the ITCs recognized in all prior years and current year cannot be fully used due to the 10-yearcarry forward limitation rule. Therefore, the deferred tax assets for ITCs for the Luxembourg fiscal unity were unrecognized in 2024. Impairment