ORANO // Annual Activity Report 2024

STATEMENTS

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

NOTE 23 NON-CONTROLLING INTERESTS

Non-controlling interests consist of the share of net equity of interests held by third parties in a subsidiary controlled by the group.

December 31, 2024 December 31, 2023

(in millions of euros)

Orano Expansion and Imouraren SA *

- -

25 72

Somaïr *

Katco

267 135

213 121

SET Holding, SET and SET Expansion

Orano DS

6

2

Badrakh Energy LLC

(28)

(20) (27)

Cominak *

-

Other

(9)

1

TOTAL

369

387

*

See Notes 1.1 and 2.

Following the signature of the amendment to the contract for the use of the subsoil between Katco and the Ministry of Energy of the Republic of Kazakhstan, KazAtomProm bene fi ts from an additional percentage interest of 11% from 2022 without calling into question the group’s control of Katco.

A subsidiary is considered signi fi cant if its revenue is greater than 200 million euros, if its total statement of fi nancial position is greater than 200 million euros, or if its net assets exceed 200 million euros in absolute value. Financial information on signi fi cant subsidiaries, required under IFRS 12, is presented before elimination of intercompany transactions.

DECEMBER 31, 2024

Katco

SET

Orano DS

Mining

Front End France 5.00% *

D&S

(in millions of euros)

Country

Kazakhstan

France 26.14%

Percentage stake in non-controlling interests

49.00%

Revenue

479 273 134 204 400 (45) (27) 532 261 232 30

1,006

422

Net income

411

19

of which attributable to non-controlling interests

21

5

of which an additional 11% attributable to non-controlling interests

Current assets

721

205

Non-current assets Current liabilities Non-current liabilities

3,993 (345) (983) 3,385

42

(178)

6

(35)

Net assets

34

of which attributable to non-controlling interests

169 583

9

Cash flow from operating activities Cash flow from investing activities Cash flow from fi nancing activities

19 (3)

(148) (134)

(296) (183)

(11)

Change in net cash

(51) (80)

103

5

Dividends paid to non-controlling interests

(1)

(2)

* SET and SET Expansion are held directly by SET Holding, whose purpose is to fi nance its subsidiaries. The data presented for SET, SET Expansion and SET Holding are aggregated.

361

Orano - Annual Activity Report 2024