Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 279

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 279
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 and content
of proxy statements, and its executive officers, directors, and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act. In addition, SES will not be required
under the Exchange Act to file periodic reports and financial statements with the SEC as frequently or as promptly as U.S. companies whose securities are registered under the Exchange Act.

If you would like additional copies of this document or if you have questions about the Acquisition, you should contact via phone or in
writing:

SES

Château
de Betzdorf

L-6815 Betzdorf

Grand Duchy of Luxembourg

+ 352 710-725-1

You should rely only on the information contained or
incorporated by reference in this prospectus. Neither SES nor Intelsat has authorized anyone to give any information or make any representation about the Acquisition, the CVRs, SES or Intelsat that is different from, or in addition to, that
contained in this prospectus or in any of the materials that SES may have incorporated by reference into this prospectus. Therefore, if anyone does give you information of this sort, you should not rely on it. The information contained in this
prospectus speaks only as of the date of this prospectus unless the information specifically indicates that another date applies.

225

INDEX TO FINANCIAL STATEMENTS OF SES S.A.

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                             
 AUDITED CONSOLIDATED INCOME STATEMENTS FOR THE YEARS ENDED DECEMBER 31,             
 2024, DECEMBER 31, 2023 AND DECEMBER 31, 2022                                       
 AUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED         
 DECEMBER 31, 2024, DECEMBER 31, 2023 AND DECEMBER 31, 2022                          |     | F-2  
 F-6  
 F-7  |
|:------------------------------------------------------------------------------------|:----|:-----|
| AUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31,            
 2024 AND DECEMBER 31, 2023                                                          |     | F-8  |
| AUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31,      
 2024, DECEMBER 31, 2023