ORANO // Annual Activity Report 2024

STATEMENTS

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

of the group’s ordinary activities, this “other income” is presented as part of the “Revenue” aggregate in the Back End segment. On the other hand, the waste package storage services and the disposal service do fall within the scope of IFRS 15. The impacts on 2024 revenue of the Back End segment are recognized in “Other income” for 948 million euros in respect of the exchange transaction and unwinding of historical contracts, and in “Income from goods and services” for 19 million euros for services falling within the scope of IFRS 15. Historical contracts have been paid in full in the past, and have given rise to a partial recognition of revenue based on the state of completion of the services. The balance of advances received, not yet recognized, thus constitutes income for the year in addition to the amounts received in respect of the signing of contracts. This total amount is allocated between (i) the exchange transaction and (ii) the identi fi ed performance obligations. For the waste package storage performance obligations and the disposal service, the price is allocated on the basis of an expected cost plus an applicable margin for similar services. The price allocated to the exchange transaction is equal to the residual amount.

Signing of contracts for the return of Japanese nuclear waste The contracts signed in November 2024 with Japanese utilities provide for the exchange of residue units allowing the restitution of the residual activity and metal mass in the form of vitri fi ed waste and used packaging. These exchanges became effective when the contracts came into force and resulted in the physical return of the radioactivity and mass equivalent to Japanese customers. The agreement essentially breaks down into (i) an exchange of residue units, (ii) the termination of previous performance obligations, and (iii) new performance obligations relating to (a) the storage of waste packages, (b) the cleaning and storage of transport packaging and (c) a metal recycling service. The return of all waste leads to the unwinding of all historical Japanese contracts still active at the time the contracts were signed. As the exchange transaction does not fall within the scope of IFRS 15 and represents a very signi fi cant amount, the income received is presented on a separate line “Other income” in the consolidated income statement. As the transaction is an extension

2024 STATEMENT OF FINANCIAL POSITION

Corporate, other operations and eliminations

Mining Front End

Back End

Total

(in millions of euros)

Property, plant and equipment and intangible assets (including goodwill and right-of-use assets on leases) End-of-lifecycle assets and assets earmarked for end of lifecycle operations

2,579

4,445

4,850

225

12,099

-

1,778

6,675

-

8,453

Other non-current assets

63

-

4

299 524 203

366

SUBTOTAL: NON-CURRENT ASSETS

2,642

6,223 1,055

11,529

20,918

Inventories and receivables (excluding tax receivables)

601

1,058

2,918 1,969 4,887

Other current assets

-

-

1

1,968 2,172 2,696

SUBTOTAL: CURRENT ASSETS

601

1,055 7,278

1,059

TOTAL ASSETS

3,242

12,588

25,805

6

339

Orano - Annual Activity Report 2024