ORANO // Annual Activity Report 2024

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

Orano’s equity Group equity totaled 2,736 million euros at December 31, 2024, compared with 1,937 million euros at December 31, 2023.

Assets and provisions for end-of-lifecycle operations The change in the fi nancial position from December 31, 2023 to December 31, 2024, with regard to assets and liabilities for end-of-lifecycle operations, is summarized in the table below.

2

December 31, 2024 December 31, 2023

(in millions of euros)

ASSETS End-of-lifecycle assets

8,453 8,379

8,170 8,086

of which earmarked assets

of which end-of-lifecycle assets (third-party share) LIABILITIES PROVISIONS FOR END-OF-LIFECYCLE OPERATIONS

74

84

9,059 8,708

8,508 8,156

of which provisions for end-of-lifecycle operations (regulated scope*) of which provisions for end-of-lifecycle operations (non-regulated scope*)

351

351

2.5.2.5 Review of key fi gures by business segment Orano consists largely of the nuclear fuel lifecycle operations housed in the Mining, Front End (Chemistry and Enrichment) and Back End (Recycling, Nuclear Packages and Services, Dismantling and Services, Engineering) segment subsidiaries and the Corporate operations provided primarily by Orano Support. The key fi gures of Orano for the fi nancial year ended December 31, 2024 are presented by business segment below. * Scope of application of the French law of June 28, 2006. The change in assets and provisions for end-of-lifecycle operations is described in Note 13 to the consolidated fi nancial statements in Section 6.1.

2024

2023 Change 2024/2023

(in millions of euros)

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 activities*

38

17

+21

EBITDA

2,067

1,228

+839

Mining

437 495

421 446 395 (34) 635 196 368 122 (50) 663 173 370 210 (90)

+16 +49

Front End Back End

1,190

+795

Corporate and other activities*

(55)

-21

Operating income

1,085

+450

Mining

122 425 616 (77) 937 224 420 411

-74

Front End Back End

+57

+494

Corporate and other activities*

-27

Operating cash flow

+274

Mining

+51 +50

Front End Back End

+201

Corporate and other activities*

(118)

-28

* “Corporate and other activities” notably includes Corporate, Orano Med and “batteries for electric vehicles” program activities.

55

Orano - Annual Activity Report 2024