ORANO // Annual Activity Report 2024

6

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

NOTE 25 OTHER PROVISIONS

Reversal (when risk has materialized)

Reversal (when risk has not materialized)

December 31, 2024

December 31,

Change in scope *

Other changes **

2023 Allocations

(in millions of euros)

Mining site redevelopment and decommissioning of treatment facilities

325

46

(27)

- - -

(72)

12

283

Other non-current provisions

3

-

-

-

-

4

Non-current provisions

328 204

46

(27) (97)

(72)

12

286 189

Provisions for onerous contracts Provisions for contract completion

110 218 103 430 476

(28) (89) (12)

- -

-

1,818

(136)

97

1,909

Other current provisions ***

425

(18)

(146) (146) (218)

(25)

328

Current provisions TOTAL PROVISIONS

2,448 2,776

(250) (278)

(129) (130)

73 85

2,425 2,712

* See Note 2. ** Including 129 million euros in accretion and changes in discount and inflation rates. *** Including reclassi fi cation of uncertain tax positions to current tax liabilities and deferred taxes in accordance with IAS 12.

Provisions for onerous contracts In the Mining business, the updating of cost assumptions led to the recognition of a provision reversal for onerous contracts in the amount of 12 million euros. In the Back End Recycling business, provisions for onerous contracts were recognized in the amount of 88 million euros. Provisions for work yet to be carried out The main provisions allocated for the fi nancial year relate to the future costs of processing and storing waste and scrap. The main reversals during the fi nancial year relate to the expenses incurred for the treatment and storage of previously provisioned waste and scrap. Main uncertainties Uncertainties relating to provisions for contract completion bear notably on the de fi nition of treatment channels for each category of waste and operating discharges, which are not all fi rmly established, the estimate of the cost of completion of the required facilities and the operational costs of future treatment, and on expenditure schedules. The measurement of provisions takes contingencies for risks into account.

Discount rate At December 31, 2024, Orano assumed discount rates of between 4.41% and 4.84% and a long-term inflation rate of between 1.85% and 1.89%. At December 31, 2023, Orano assumed discount rates of between 4.70% and 4.94% and a long-term inflation rate of 2.00% and discount rates of between 4.70% and 4.94%. At December 31, 2024, the use of an actual discount rate of 10 basis points higher or lower than that used would change the closing balance of provisions for contract completion by -26 million euros or +26 million euros. Other current and non-current provisions At December 31, 2024, other current provisions include: ● provisions for disputes; ● provisions for business risks; ● provisions for customer guarantees; ● provisions for ongoing clean-up; ● provisions for the remediation of leased assets; ● provisions for restructuring and layoff plans; ● provisions for contingencies (see Notes 1.1 and 5); and ● provisions for losses (see Note 5).

366

Orano - Annual Activity Report 2024