ORANO // Annual Activity Report 2024

STATEMENTS

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

NOTE 11 PROPERTY, PLANT AND EQUIPMENT

Dismantling assets – attributable to owners ot the parent

Plant, equipment and tooling

In progress

Total

Land

Buildings

Other

(in millions of euros)

Gross amounts at December 31, 2023

158

2,275 21,513

1,020 1,522 2,490 28,977

Capex

- - - -

10 (1) (9)

34

- - - -

5 823

873

Disposals

(69)

(33)

-

(104)

Currency translation differences

(5)

36

(6)

15

(173)

(293)

(33)

(501)

(1,000)

Change in scope (2 ) Other changes (3 )

2

118

450

202 176 (751)

197

GROSS AMOUNTS AT DECEMBER 31, 2024 Depreciation and provisions at December 31, 2023

160 (83)

2,219 21,631

1,222 1,673 2,055 28,959

(1,264)

(16,156)

(701) (1,277)

(541) (20,021)

(1)

(42)

(294)

(29)

(83)

(7)

(455)

Net depreciation/impairment (1)

Disposals

- - -

1 6

63

- - - -

33

- -

97

Currency translation differences

2

(37)

(29) 933

128 (63)

284

32 490

Change in scope (2 )

Other changes

2

85

(23)

-

1

DEPRECIATION AND PROVISIONS AT DECEMBER 31, 2024

(82)

(1,235)

(16,015)

(730) (1,355)

(58) (19,474)

Net carrying amount at December 31, 2023 NET CARRYING AMOUNT AT DECEMBER 31, 2024

75 78

1,011

5,357 5,616

319 245 1,949 8,955 492 318 1,997 9,485

984

(1) Including 82 million euros of reversals, less impairment. (2) See Note 2. (3) Including 81 million euros related to the revisions of estimates and 121 million euros related to the change in the actual discount rate of end-of-lifecycle provisions (see Note 13). Mining assets

The net carrying amounts of Midwest assets stands at 56 million euros at December 31, 2024 (compared to 57 million euros at December 31, 2023) and are justi fi ed on the basis of their fair value measured at December 31, 2024, using a multiple of uranium resources in the ground. Industrial assets of the conversion CGU The Conversion CGU includes the industrial assets of Comurhex II in Malvési and Philippe Coste in Tricastin. An impairment test was carried out on December 31, 2024 in light of the projected positive evolution of conversion price indices. This resulted in a further reversal of impairment in the amount of 91 million euros. The net carrying amount of the Conversion CGU’s industrial assets thus stood at 349 million euros at December 31, 2024. The value in use of the Conversion CGU was measured at December 31, 2024 using a discount rate of 7.75% (8% at December 31, 2023), a euro/US dollar exchange rate of 1.04 corresponding to the rate at December 31, 2024 (1.11 at December 31, 2023) and sales price assumptions for conversion units resulting from Orano’s analysis of the foreseeable medium- and long-term change in the balance between supply and demand. The price curves for the remainder to be sold are determined in euros.

The property, plant and equipment and intangible assets of mining and industrial sites (constituting Mining segment CGUs) are subject to an impairment test at each year-end (in accordance with the principles set out in Note 1.3.7.5). Mining assets in Niger - Imouraren Following the withdrawal of Imouraren’s operating permit by the State of Niger, on June 20, 2024, all of Imouraren’s intangible mining assets were impaired for an amount of 69 million euros. Mining assets in Canada - Midwest The carrying amount of the property, plant and equipment and intangible assets of the Midwest deposit were subject to impairment in the amount of 8 million euros at December 31, 2019, based on their fair value measured using a multiple of uranium resources in the ground. Given the increase in the multiple of uranium resources in the ground over several years since that date, the provision for impairment was reversed in 2023.

6

349

Orano - Annual Activity Report 2024