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

2.5.2.4 Items from the statement of fi nancial position

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

December 31, 2024 December 31, 2023

(in millions of euros)

Net goodwill

1,348

1,294

Property, plant and equipment and intangible assets

10,661

10,211

End-of-lifecycle assets

8,453 2,881 1,273

8,170 3,051 1,278

Operating working capital requirement – assets

Net cash

Deferred tax assets

207 982

97

Other assets

497

TOTAL ASSETS

25,805

24,599

Equity and non-controlling interests

2,736

1,937

Employee bene fi ts

528

514

Provisions for end-of-lifecycle operations Other current and non-current provisions

9,059 2,712 7,352 2,722

8,508 2,776 7,338 2,961

Operating working capital requirement – liabilities

Financial liabilities

Other liabilities

695

566

TOTAL LIABILITIES

25,805

24,599

Non-current assets Net goodwill

Cash and borrowings At December 31, 2024, Orano held 1.3 billion euros in cash, plus 0.7 billion euros of cash management current fi nancial assets. This cash position of 2 billion euros is strengthened by a syndicated credit facility, con fi rmed and undrawn, for 880 million euros maturing at the end of May 2029. The group’s net fi nancial debt totaled 0.78 billion euros at December 31, 2024, compared with 1.48 billion euros at December 31, 2023.

Net goodwill rose from 1,294 million euros at December 31, 2023 to 1,348 million euros at December 31, 2024, a 54 million euro increase. Net property, plant and equipment and intangible assets Net property, plant and equipment and intangible assets increased from 10,211 million euros at December 31, 2023 to 10,661 million euros at December 31, 2024. Operating working capital requirement The group’s operating working capital requirement (operating WCR) was negative ( i.e. , a surplus of funds) at -4,471 million euros at December 31, 2024, compared with -4,287 million euros at December 31, 2023.

RECONCILIATION TABLE BETWEEN CASH FROM THE STATEMENT OF CASH FLOWS AND NET CASH (DEBT) IN THE STATEMENT OF FINANCIAL POSITION

Change 2024/2023

2024

2023

(in millions of euros)

Net cash per statement of cash flows

1,252

1,230

+22

Short-term bank facilities and current accounts in credit

21

49

-28

Net cash from operations held for sale

0

0

0

Financial instruments, margin calls and collateral, cash management fi nancial assets

674

205

+469 +240 +704

Financial liabilities

(2,722)

(2,962) (1,479)

NET CASH (NET DEBT)

(775)

54

Orano - Annual Activity Report 2024