SES S.A. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,075	3,521	2,907	1,047	1,049
Cash & Short-Term Investments	1,075	3,521	2,907	1,047	1,049
Cash Growth	-69.47%	21.12%	177.65%	-0.19%	-9.72%
Accounts Receivable	770	484	406	487	379
Other Receivables	65	188	473	571	1,361
Receivables	835	672	879	1,058	1,740
Inventory	196	49	55	34	23
Prepaid Expenses	117	58	47	47	48
Other Current Assets	17	2	2	4	3
Total Current Assets	2,240	4,302	3,890	2,190	2,863
Property, Plant & Equipment	7,149	4,272	4,592	5,489	5,561
Long-Term Investments	77	-	-	-	-
Goodwill	-	143	140	1,738	1,520
Other Intangible Assets	2,810	751	780	2,502	2,224
Long-Term Accounts Receivable	104	107	87	111	121
Long-Term Deferred Tax Assets	644	701	671	499	568
Long-Term Deferred Charges	19	15	3	58	55
Other Long-Term Assets	327	36	21	20	26
Total Assets	13,370	10,327	10,184	12,607	12,938
Accounts Payable	1,032	58	60	81	91
Accrued Expenses	1	179	230	186	166
Current Portion of Long-Term Debt	798	273	716	719	57
Current Portion of Leases	76	19	16	15	11
Current Income Taxes Payable	18	15	130	22	154
Current Unearned Revenue	303	250	249	214	221
Other Current Liabilities	343	728	618	406	1,611
Total Current Liabilities	2,571	1,522	2,019	1,643	2,311
Long-Term Debt	5,507	4,247	3,443	3,629	3,524
Long-Term Leases	594	32	23	30	22
Long-Term Unearned Revenue	522	361	384	429	436
Pension & Post-Retirement Benefits	48	14	13	15	17
Long-Term Deferred Tax Liabilities	455	212	205	434	399
Other Long-Term Liabilities	959	447	339	769	496
Total Liabilities	10,656	6,835	6,426	6,949	7,205
Common Stock	2,623	696	696	696	719
Additional Paid-In Capital	-	1,564	1,564	1,564	1,636
Retained Earnings	-	139	-732	180	706
Treasury Stock	-	-	-	-80	-189
Comprehensive Income & Other	-	1,024	2,173	3,236	2,798
Total Common Equity	2,623	3,423	3,701	5,596	5,670
Minority Interest	91	69	57	62	63
Shareholders' Equity	2,714	3,492	3,758	5,658	5,733
Total Liabilities & Equity	13,370	10,327	10,184	12,607	12,938
Total Debt	6,975	4,571	4,198	4,393	3,614
Net Cash (Debt)	-5,900	-1,050	-1,291	-3,346	-2,565
Net Cash Per Share	-	-2.45	-2.94	-7.63	-5.72
Filing Date Shares Outstanding	-	417.9	436.13	439.18	440.4
Total Common Shares Outstanding	-	417.9	436.13	439.18	440.4
Working Capital	-331	2,780	1,871	547	552
Book Value Per Share	-	6.78	7.05	10.07	10.21
Tangible Book Value	-187	2,529	2,781	1,356	1,926
Tangible Book Value Per Share	-	4.64	4.94	0.41	1.71
Land	-	269	232	251	247
Machinery	-	264	298	310	274
Construction In Progress	-	1,348	1,550	1,859	1,788
Order Backlog	-	4,800	5,200	5,900	5,800

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