SGBAFOTCCommunications Services, NECFiscal year ends December 31

SES S.A.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 1, 2026

$4.58−0.23 (-4.78%)

Close on Oct 19, 2026

SES S.A. income statement

AnnualQuarterlyTTM

EUR USD

Millions of EUR, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	2,627	2,001	2,030
Cost of Revenue	755	461	444
Gross Profit	1,872	1,540	1,586
Operating Income	64	64	-686
Interest Expense	332	139	106
Interest & Investment Income	160	136	64
Pretax Income	-115	82	-728
Income Tax Expense	-21	55	176
Net Income incl. Noncontrolling Interests	-94	27	-904
Minority Interest in Earnings	1.00	12	1.00
Net Income	-95	15	-905
Net Income to Common	-106	–	-941
EBITDA	1,185	993	3,682

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 71.3%
Operating margin: 2.4%
Net margin: -3.6%
Return on equity, FY2025: -3.1%

Financial strength

Current ratio: 0.87
Debt to equity: 2.40
Debt to assets: 47.2%
Cash to current liabilities: 41.8%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.