ORANO // Annual Activity Report 2024

6

FINANCIAL STATEMENTS Company fi nancial statements - fi nancial year ended December 31, 2024

6.4 Income tax In accordance with the provisions of Article 223A of the French General Tax Code, Orano SA opted to be solely responsible for the income tax due on the comprehensive income of the consolidated group in France with effect from September 1, 2017. In respect of the 2024 fi nancial year, Orano SA and its consolidated subsidiaries generated a collective pro fi t, before the allocation of de fi cits, of 83,944 thousand euros.

The tax income recognized for the 2024 fi nancial year amounts to 184,056 thousand euros and comprises:

2024

2023

In thousands of euros

TAX INCOME RECOGNIZED Tax savings generated by tax consolidation

162,719 21,337

125,562

Income tax on earnings from all previous fi nancial years

1,888

Loss of foreign tax credits

- -

(3,403)

Tax credits for the fi nancial year TOTAL TAX INCOME RECOGNIZED

-

184,056

124,047

Orano, which is the only company liable for the tax due on all of the consolidated group’s results, has assessed the future tax expense for which it would be liable in the event of a return to pro fi t of subsidiaries whose previous tax losses have already been included

in the overall result. The risk was valued at 86,493 thousand euros at December 31, 2024. In accordance with current accounting standards, this risk is not covered by a provision in the statement of fi nancial position.

NOTE 7 ADDITIONAL INFORMATION

7.1 Workforce For the fi nancial year ended December 31, 2024, the average workforce of the Company was 3 people, and breaks down as follows:

2024

2023

Management personnel

3

3

Employees TOTAL

3

3

7.2 Company exposure to market risk

General objectives Orano SA uses derivatives to manage its exposure to foreign exchange and interest rate risk. These instruments are generally quali fi ed as hedges of assets, liabilities or speci fi c commitments. Orano SA manages all risks associated with these instruments by centralizing the commitment and implementing procedures setting out the limits and characteristics of the counterparties. Foreign exchange risk The volatility of exchange rates may impact Orano SA’s currency translation differences, equity and income. Financing risk Loans and borrowings granted by Orano SA to its subsidiaries are systematically converted into euros through foreign exchange swaps.

To limit the foreign exchange risk for long-term investments generating future cash flows in foreign currencies, Orano SA uses a liability in the same currency to offset the asset whenever possible. Transactional risk The Orano SA policy approved by the Executive Committee seeks to systematically hedge the certain foreign exchange risks generated by its operations, and those of its subsidiaries, to minimize the impact of exchange rate fluctuations on net income. Orano SA uses derivatives (principally forward exchange contracts) to hedge its foreign exchange risk from transactions, including accounts receivable and payable and con fi rmed off-balance sheet commitments. These hedges are backed by underlying transactions for identical amounts and maturities and, as a general rule, are documented and eligible for hedge accounting.

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Orano - Annual Activity Report 2024