ORANO // Annual Activity Report 2024

2 SITUATION AND ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES DURING THE PAST FINANCIAL YEAR Financial situation of the Company and the group during the past fi nancial year

2.5.2.2 Income statement

Revenue

Change 2024/2023

2024

2023

(in millions of euros)

Consolidated revenue

5,874 1,502 1,307 3,027

4,775 1,319 1,305 2,135

+1,099

Mining

+183

Front End Back End

+2

+892

Corporate and other operations +21 The group’s consolidated revenue amounted to 5,874 million euros at December 31, 2024, compared with 4,775 million euros at December 31, 2023. 38 17

Gross margin

Change 2024/2023

2024

2023

(in millions of euros)

Gross margin

1,703

891

+812

Percentage of consolidated revenue +10.3 pts The group’s gross margin amounted to 1,703 million euros at December 31, 2024, compared with 891 million euros at December 31, 2023. 29% 18.7%

Other operating income and expenses are described in Note 5 to the consolidated fi nancial statements in Section 6.1. Operating income The group’s operating income amounted to 1,085 million euros at December 31, 2024, compared with 635 million euros at December 31, 2023. The increase in operating income reflects the increase in operating income for Front End (+57 million euros) and in Back End (+494 million euros) offset by a decrease of -74 million euros in Mining and -27 million euros in Corporate and other activities. Share in net income of joint ventures and associates The share in net income of joint ventures and associates was -12 million euros at December 31, 2024 (compared with -3 million euros at the end of 2023).

Research and Development The group’s Research and Development investments in the 2024 fi nancial year amounted to 172 million euros, i.e. , 2.92% of the period’s revenue, compared with 121 million euros in 2023 (2.53% of revenue). Marketing, sales, general and administrative expenses Group marketing, sales, general and administrative expenses in the 2024 fi nancial year amounted to 168 million euros, compared with 149 million euros in 2023. Other operating income and expenses Other operating income and expenses in the 2024 fi nancial year represented a net expense of 277 million euros, compared with a net income of 13 million euros in 2023.

2024

2023

(in millions of euros)

ETC

(12)

6 1

SI-nerGIE ANADEC

- - - - -

- -

SPECTRANO

Interim Storage Partners (ISP)

(9) (1) (3)

Accelerated Decommissioning Partners (ADP)

TOTAL

(12)

50

Orano - Annual Activity Report 2024