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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	918	1,075	3,521	2,907	1,047	1,049
Trading Asset Securities	-	9	-	-	-	-
Cash & Short-Term Investments	920	1,084	3,521	2,907	1,047	1,049
Cash Growth	-80.06%	-69.21%	21.12%	177.65%	-0.19%	-9.72%
Accounts Receivable	1,111	659	484	406	487	379
Other Receivables	106	176	188	473	571	1,361
Receivables	1,217	835	672	879	1,058	1,740
Inventory	218	196	49	55	34	23
Prepaid Expenses	111	117	58	47	47	48
Other Current Assets	8	8	2	2	4	3
Total Current Assets	2,474	2,240	4,302	3,890	2,190	2,863
Property, Plant & Equipment	6,536	7,149	4,272	4,592	5,489	5,561
Long-Term Investments	206	204	34	-	-	-
Goodwill	-	1,808	143	140	1,738	1,520
Other Intangible Assets	3,063	965	751	780	2,502	2,224
Long-Term Accounts Receivable	96	104	107	87	111	121
Long-Term Deferred Tax Assets	550	644	701	671	499	568
Long-Term Deferred Charges	15	56	15	3	58	55
Other Long-Term Assets	151	200	2	21	20	26
Total Assets	13,091	13,370	10,327	10,184	12,607	12,938
Accounts Payable	895	131	58	60	81	91
Accrued Expenses	1	250	179	230	186	166
Current Portion of Long-Term Debt	892	798	273	716	719	57
Current Portion of Leases	105	76	19	16	15	11
Current Income Taxes Payable	18	18	15	130	22	154
Current Unearned Revenue	246	328	250	249	214	221
Other Current Liabilities	225	970	728	618	406	1,611
Total Current Liabilities	2,382	2,571	1,522	2,019	1,643	2,311
Long-Term Debt	5,529	5,507	4,247	3,443	3,629	3,524
Long-Term Leases	574	559	32	23	30	22
Long-Term Unearned Revenue	602	522	361	384	429	436
Pension & Post-Retirement Benefits	42	48	14	13	15	17
Long-Term Deferred Tax Liabilities	339	455	212	205	434	399
Other Long-Term Liabilities	923	994	447	339	769	496
Total Liabilities	10,391	10,656	6,835	6,426	6,949	7,205
Common Stock	651	696	696	696	696	719
Additional Paid-In Capital	1,459	1,564	1,564	1,564	1,564	1,636
Retained Earnings	-176	29	139	-732	180	706
Treasury Stock	-1	-181	-198	-	-80	-189
Comprehensive Income & Other	622	515	1,222	2,173	3,236	2,798
Total Common Equity	2,555	2,623	3,423	3,701	5,596	5,670
Minority Interest	145	91	69	57	62	63
Shareholders' Equity	2,700	2,714	3,492	3,758	5,658	5,733
Total Liabilities & Equity	13,091	13,370	10,327	10,184	12,607	12,938
Total Debt	7,100	6,940	4,571	4,198	4,393	3,614
Net Cash (Debt)	-6,180	-5,856	-1,050	-1,291	-3,346	-2,565
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.90	-14.15	-2.45	-2.94	-7.63	-5.72
Filing Date Shares Outstanding	415.3	419.24	417.9	436.13	439.18	440.4
Total Common Shares Outstanding	415.3	419.24	417.9	436.13	439.18	440.4
Working Capital	92	-331	2,780	1,871	547	552
Book Value Per Share	4.62	5.00	6.78	7.05	10.07	10.21
Tangible Book Value	-508	-150	2,529	2,781	1,356	1,926
Tangible Book Value Per Share	-2.75	-1.61	4.64	4.94	0.41	1.71
Land	-	511	269	232	251	247
Machinery	-	263	264	298	310	274
Construction In Progress	-	1,750	1,348	1,550	1,859	1,788
Order Backlog	-	6,600	4,800	-	5,900	5,800