ORANO // Annual Activity Report 2024

6

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

The impacts of changes in equity and fi xed-rate markets on the valuation of earmarked fi nancial assets are summarized in the following table:

December 31, 2024

(in millions of euros)

ASSUMPTION: DECLINING EQUITY MARKETS AND RISING INTEREST RATES -10% on equities

(394)

+100 basis points on fi xed-income products

(85)

TOTAL

(489)

ASSUMPTION: RISING EQUITY MARKETS AND DECLINING INTEREST RATES +10% on equities

394

-100 basis points on fi xed-income products

85

TOTAL

489

NOTE 14 INFORMATION ON JOINT VENTURES AND ASSOCIATES

AT DECEMBER 31, 2024

Share in net income of joint ventures and associates

Investments in joint ventures and associates

Share in negative net equity of joint ventures and associates

(in millions of euros)

ETC

(12)

- -

32

SI-nerGIE

- - - - -

- - - - -

Accelerated Decommissioning Partners (ADP)

9

Neomat CAM Neomat PCAM

10 10

Other joint ventures and associates

-

TOTAL

(12)

30

32

as a liability in its consolidated statement of fi nancial position and its share of negative net income in its consolidated income statement and statement of comprehensive income. Relationships with joint ventures and associates are described in Note 28.

Orano considers that it has a constructive obligation to ensure the continuity of operations of ETC (joint venture equally owned by Orano and URENCO) and SI-nerGIE (GIE jointly owned by Orano and Framatome - see Note 28); as a result, and in accordance with the provisions of IAS 28, Orano recognizes the share of negative equity

AT DECEMBER 31, 2023

Share in net income of joint ventures and associates

Investments in joint ventures and associates

Share in negative net equity of joint ventures and associates

(in millions of euros)

ETC

6 1

- - -

21

SI-nerGIE

- - - -

Interim Storage Partners (ISP)

(9) (1)

Accelerated Decommissioning Partners (ADP)

8

Other joint ventures and associates

-

-

TOTAL

(3)

8

21

356

Orano - Annual Activity Report 2024