ORANO // Annual Activity Report 2024

STATEMENTS

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

Discount rates and in fl ation rates (see principles set out in Note 1.3.12) At December 31, 2024, Orano applied a discount rate assumption of 4.65% and a long-term inflation assumption of 1.88%, i.e ., an actual rate of 2.72% (compared to 4.90% and 2.00% respectively at December 31, 2023, i.e ., an actual rate of 2.84%).

At December 31, 2024, the use of a discount rate 10 basis points higher or lower than that used would have the effect of changing the closing balance of provisions for end-of-lifecycle operations by -157 million euros with a rate of 4.75% or +162 million euros with a rate of 4.55% respectively.

Provisional schedule of statutory and non-statutory provision disbursements before discounting

Gross amount

Disbursement maturity of between 1 year and 10 years

Value at closing economic conditions

Disbursement maturity of less than 1 year

Disbursement maturity of more than 10 years

Present value

(in millions of euros)

Provisions for dismantling

5,591 1,450 1,595

10,069

220 149

2,153 1,127

7,697

Provisions for Waste Retrieval and Packaging

1,932 4,188

656

Provision for long-term waste management (transport & storage) Monitoring costs after closure of storage facilities Provisions for end-of-lifecycle operations (regulated) Provisions for end-of-lifecycle operations (non-regulated) PROVISIONS FOR END-OF-LIFECYCLE OPERATIONS

23

677

3,489

72

802

1

17

785

8,708

16,992

392

3,973

12,626

351

640

23

168

450

9,059

17,632

415

4,141

13,076

Dismantling assets – Third-party share Dismantling assets include two items: ● the dismantling assets attributable to owners of the parent, classi fi ed under property, plant and equipment in the statement of fi nancial position (see Note 11); and ● the dismantling assets third-party share (see Note 1.3.12 and described herein) corresponding to the fi nancing expected from third parties contributing to the dismantling of certain facilities or equipment for which Orano has a legal or contractual obligation to dismantle.

Net carrying amount at December 31, 2024

Net carrying amount at December 31, 2023

Change in assumptions, revision to estimates, etc .

Decrease from period

expense Accretion

(in millions of euros)

Dismantling assets – third-party share (regulated *) Dismantling assets – third-party share (non-regulated *) TOTAL DISMANTLING ASSETS – THIRD-PARTY SHARE * Scope of application of the French law of June 28, 2006.

80

(15)

4

1 1 1

70

4

(1)

-

4

84

(16)

4

74

6

Financial assets earmarked for end-of-lifecycle operations

December 31, 2024

December 31, 2023

Net carrying amount

Market value Net carrying amount

Market value

(in millions of euros)

Portfolio of earmarked securities

8,363

8,376

7,968

8,036

Receivables related to end-of-lifecycle operations TOTAL FINANCIAL ASSETS EARMARKED FOR END OF-LIFECYCLE Of which earmarked hedging fi nancial assets (regulated *) Of which earmarked hedging fi nancial assets (non-regulated *) * Scope of application of the French law of June 28, 2006.

16

16

118

118

8,379 8,363

8,392 8,376

8,086 8,023

8,154 8,091

16

16

63

63

353

Orano - Annual Activity Report 2024