ORANO // Annual Activity Report 2024

6

STATEMENTS Consolidated fi nancial statements - fi nancial year ended December 31, 2024

Consolidated statement of cash fl ows

Notes December 31, 2024 December 31, 2023

(in millions of euros)

Net income

712

322

Net amortization, depreciation and impairment of PP&E and intangible assets and marketable securities maturing in more than 3 months

10, 11 and 12 13, 24 and 25

642

442

Net increase in (reversal of) provisions

(111)

(199)

Insurer (payments)/repayments on assets earmarked for social liabilities

24

82

85

Net effect of accretion of assets and provisions Income tax expense (current and deferred) Net accrued interest included in cost of debt

671

615 109 112

54 97

Loss (gain) on disposal of fi xed assets and change in fair value of fi nancial assets

5 and 7

(467)

(582)

Share in net income of joint ventures and associates

14

12

3

Dividends received from joint ventures and associates and share of income from consortiums

-

5

Other non-cash items

21

44

Cash flow from operations before interest and taxes

1,715

955 (89)

Net interest received (paid)

(81)

Net interest paid on lease liabilities

(4)

(4)

Income tax paid

(97)

(56) 807 298

Cash flow from operations after interest and tax

1,532 (137) 1,395 (995)

Change in working capital requirement

21

NET CASH FLOW FROM OPERATING ACTIVITIES

1,104 (823)

Acquisitions of property, plant and equipment and intangible assets Disposals of property, plant and equipment and intangible assets Acquisitions of shares of consolidated companies, net of acquired cash Disposals of shares of consolidated companies, net of cash disposed of Acquisitions of fi nancial assets earmarked for end-of-lifecycle operations Disposals of fi nancial assets earmarked for end-of-lifecycle operations

3

8

(14)

(2)

12

-

(2,868)

(4,694)

2,929 (451)

4,782

Change in cash management fi nancial assets Loans granted to joint ventures and associates Repayment of loans from joint ventures and associates

15

47

(1)

-

8

8

Acquisitions of other fi nancial assets

(12)

(7)

NET CASH FLOW FROM INVESTING ACTIVITIES

(1,388)

(681)

Parent company capital increases

22

297 (84) (20) 519

-

Dividends paid to non-controlling interests

(109)

Repayment of lease liabilities

(20) 182 (38)

Increase in debt levels

26 26

Decrease in fi nancial liabilities

(713)

NET CASH FLOW FROM FINANCING ACTIVITIES

(1) 16 22

15 (6)

Effect of exchange rate changes

CHANGE IN NET CASH

432 798

NET CASH AT THE BEGINNING OF THE PERIOD

1,230 1,273

Cash position at the end of the period

20 26

1,278

(-) short-term bank facilities and non-trade current accounts in credit

(21)

(49)

NET CASH AT THE END OF THE PERIOD

1,252

1,230

318

Orano - Annual Activity Report 2024