ORANO // Annual Activity Report 2024

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

NOTE 28 RELATED-PARTY TRANSACTIONS

Transactions between the parent company Orano SA and its subsidiaries, as well as those between the group’s subsidiaries and joint activities, are eliminated on consolidation, and are therefore not presented in the tables below. Related-party transactions presented below include: ● current transactions with non-consolidated companies, associates, joint ventures, and companies controlled by the French State; and ● the gross compensation and bene fi ts granted to directors and members of the Executive Committee.

AT DECEMBER 31, 2024

Interests held by the French State

Associates and joint ventures

Total

(in millions of euros)

Operating income Operating expenses

2,737

49 86

2,786

86

172 598

Trade receivables and other Trade payables and other (1)

432

166

3,654

8

3,663

(1) Balances including IFRS 15 restatements.

AT DECEMBER 31, 2023

Interests held by the French State

Associates and joint ventures

Total

(in millions of euros)

Operating income Operating expenses

2,329

53 85

2,382

65

150 396

Trade receivables and other Trade payables and other (1)

279

117

3,285

14

3,298

(1) Balances including IFRS 15 restatements.

recycling agreement known as the “ATR Contract” with EDF, which speci fi es the terms of the industrial cooperation between them in the fi eld of treatment/recycling until 2040. As part of this agreement, in October 2024, Orano and EDF signed an implementation contract de fi ning the technical and fi nancial conditions for this master agreement for the 2024-2026 period. ● transactions carried out by Andra (French national agency for the management of radioactive waste) cover the management, operation and monitoring of low- and medium-level radioactive waste storage facilities at the Andra centers in the Manche and Aube departments. Associates and joint ventures ETC is one of the group’s signi fi cant joint ventures (see Note 14). ETC’s main activity is to build, assemble and install centrifuges and associated piping systems enabling its customers to enrich uranium. ETC is also involved in the design of ultracentrifugation enrichment plants to meet its customers’ needs and in project management for the construction of these facilities. Orano buys the centrifuges and associated engineering services for its Georges Besse II enrichment plant, for its extension under construction and for its stable isotope laboratory from ETC.

Relations with the French State and state-owned companies

At December 31, 2024, the French State owned a majority stake in the share capital of Orano. Consequently, the French State has the ability to control the decisions requiring the approval of shareholders. In accordance with the laws applicable to all companies in which the French State is a shareholder, Orano is subject to certain control procedures, in particular the economic and fi nancial control of the French State, the control procedures of the Court of Auditors and the Parliament, and audits of the General Inspectorate of Finance. The group has close relationships with companies controlled by the French State, including: ● transactions with the CEA concern the dismantling of the CEA’s nuclear facilities, services associated with the operation of certain workshops and R&D contracts; ● transactions with AREVA relate in particular to tax and IT services provided by Orano; ● transactions with EDF concern the front end of the nuclear fuel cycle (uranium sales, conversion and enrichment services) and the back end of the cycle (used fuel shipping, storage, treatment and recycling services). The group has a master treatment/

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Orano - Annual Activity Report 2024