SES S.A. Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	3,521	2,907	1,047	1,049	1,162
Cash & Short-Term Investments	4,615	3,521	2,907	1,047	1,049	1,162
Cash Growth	123.70%	21.12%	177.65%	-0.19%	-9.72%	0.61%
Accounts Receivable	-	484	406	487	379	425
Other Receivables	-	188	473	571	1,361	74
Receivables	-	672	879	1,058	1,740	499
Inventory	-	49	55	34	23	27
Prepaid Expenses	-	58	47	47	48	72
Other Current Assets	-	2	2	4	3	10
Total Current Assets	-	4,302	3,890	2,190	2,863	1,770
Property, Plant & Equipment	-	4,272	4,592	5,489	5,561	5,821
Goodwill	-	143	140	1,738	1,520	2,026
Other Intangible Assets	-	751	780	2,502	2,224	2,108
Long-Term Accounts Receivable	-	107	87	111	121	268
Long-Term Deferred Tax Assets	-	701	671	499	568	313
Long-Term Deferred Charges	-	15	3	58	55	67
Other Long-Term Assets	-	36	21	20	26	14
Total Assets	-	10,327	10,184	12,607	12,938	12,387
Accounts Payable	-	58	60	81	91	94
Accrued Expenses	-	179	230	186	166	142
Current Portion of Long-Term Debt	-	273	716	719	57	613
Current Portion of Leases	-	19	16	15	11	12
Current Income Taxes Payable	-	15	130	22	154	23
Current Unearned Revenue	-	250	249	214	221	494
Other Current Liabilities	-	728	618	406	1,611	151
Total Current Liabilities	-	1,522	2,019	1,643	2,311	1,529
Long-Term Debt	-	4,247	3,443	3,629	3,524	3,317
Long-Term Leases	-	32	23	30	22	25
Long-Term Unearned Revenue	-	361	384	429	436	376
Pension & Post-Retirement Benefits	-	14	13	15	17	27
Long-Term Deferred Tax Liabilities	-	212	205	434	399	333
Other Long-Term Liabilities	-	447	339	769	496	1,342
Total Liabilities	-	6,835	6,426	6,949	7,205	6,949
Common Stock	-	696	696	696	719	719
Additional Paid-In Capital	-	1,564	1,564	1,564	1,636	1,636
Retained Earnings	-	139	-732	180	706	214
Treasury Stock	-	-	-	-80	-189	-76
Comprehensive Income & Other	-	1,024	2,173	3,236	2,798	2,873
Total Common Equity	2,807	3,423	3,701	5,596	5,670	5,366
Minority Interest	-	69	57	62	63	72
Shareholders' Equity	2,878	3,492	3,758	5,658	5,733	5,438
Total Liabilities & Equity	-	10,327	10,184	12,607	12,938	12,387
Total Debt	5,791	4,571	4,198	4,393	3,614	3,967
Net Cash (Debt)	-1,176	-1,050	-1,291	-3,346	-2,565	-2,805
Net Cash Per Share	-	-2.45	-2.94	-7.63	-5.72	-6.16
Filing Date Shares Outstanding	-	417.9	436.13	439.18	440.4	455.61
Total Common Shares Outstanding	-	417.9	436.13	439.18	440.4	455.59
Working Capital	-	2,780	1,871	547	552	241
Book Value Per Share	5.48	6.78	7.05	10.07	10.21	8.92
Tangible Book Value	2,064	2,529	2,781	1,356	1,926	1,232
Tangible Book Value Per Share	3.69	4.64	4.94	0.41	1.71	-0.15
Land	-	269	232	251	247	239
Machinery	-	264	298	310	274	225
Construction In Progress	-	1,348	1,550	1,859	1,788	1,651
Order Backlog	-	4,800	5,200	5,900	5,800	6,100

Source: S&P Global Market Intelligence. Standard template. Financial Sources.