ORANO // Annual Activity Report 2024

STATEMENTS

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

NOTE 6 TRANSITION FROM OPERATING INCOME TO EBITDA

December 31, 2024 December 31, 2023

(in millions of euros)

Operating income

1,085

635

Net increase in depreciation and impairment of intangible assets, net of reversals Net increase in depreciation and impairment of property, plant and equipment, net of reversals Net increase in depreciation and impairment of right-of-use – asset leases, net of reversals

165 455

93

327

22

22

Net gain on disposal of property, plant and equipment and intangible assets

3

6

Losses and gains on leases

-

- -

Effects of takeovers and losses of control Charges to provisions, net of reversals *

43

(111)

(199)

Investment grant recognized in the income statement

-

-

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

82

85

Costs of end-of-lifecycle operations performed

321

258

EBITDA

2,067

1,228

* Except provisions and reversals of provisions on current assets. ** See Note 24.

NOTE 7 NET FINANCIAL INCOME (EXPENSE)

Cost of gross debt The cost of gross debt at the end of December 2024 totaling 145 million euros includes interest expenses relating to bonds for an amount of 114 million euros (compared to 107 million euros at December 31, 2023).

The interest expense related to IFRS 16 incurred during the 2024 fi nancial year was 4 million euros (unchanged from December 31, 2023).

Other fi nancial income and expenses

December 31, 2024 December 31, 2023

(in millions of euros)

Change in fair value through pro fi t or loss of earmarked assets

450

580

Gain (loss) from the disposal of fi nancial hedging assets measured at amortized cost

6

-

6

Dividends received

78

71

Income from receivables and accretion gains on earmarked assets

4

5

Accretion expenses on end-of-lifecycle operations

(418) (109)

(423)

Impact of changes in discount rates and inflation rates (see Note 13)

(60)

Impact of revisions of payment schedules Share related to end-of-lifecycle operations

-

-

11 29 14

173 (14)

Foreign exchange gain (loss)

Change in fair value through pro fi t or loss of non-earmarked assets

9

Interest on advances received on contracts

(102)

(80) (18)

Financial income from pensions and other employee bene fi ts

(17)

Impact on net debt and other provisions of accretion and changes in discount and inflation rates

(131)

(119)

Other fi nancial income Other fi nancial expense

3

3

(19)

(44)

Share not related to end-of-lifecycle operations OTHER FINANCIAL INCOME AND EXPENSE

(224) (212)

(263)

(91) The premiums / discounts on foreign exchange hedging instruments are recognized in other fi nancial expenses (see Note 1.3.1).

343

Orano - Annual Activity Report 2024