Annual Activity Report 2025

FINANCIAL STATEMENTS

Consolidated fi nancial statements – fi nancial year ended December 31, 2025

MATURITY OF THE GROUP’S FINANCIAL ASSETS AND FINANCIAL LIABILITIES AT DECEMBER 31, 2024

Less than 1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years

More than 5 years

Total

(in millions of euros)

Financial assets

1,951 1,258

– – – –

– – – –

– – – –

– – – –

– – – –

1,951 1,258

Including fi xed-rate assets Including floating-rate assets

671

671

Including non-interest-bearing assets

22

22

Financial liabilities

(315)

(749) (747)

(499) (499)

(499) (499)

(1) (1)

(660) (660)

(2,722) (2,405)

Including fi xed-rate liabilities Including floating-rate liabilities

–

(219)

–

– –

– –

– –

– –

(220)

Including non-interest-bearing liabilities

(96)

(2)

(98)

Net exposure before hedging Share exposed to fi xed rates Share exposed to floating rates Non-interest-bearing share Derivative transactions On liabilities: fi xed-rate swaps On liabilities: floating-rate swaps Net exposure after hedging Share exposed to fi xed rates Share exposed to floating rates

1,636 1,258

(749) (747)

(499) (499)

(499) (499)

(1) (1)

(660) (660)

(771)

(1,147)

452 (74)

–

– –

– –

– –

– –

452 (76)

(2)

– –

100

– –

– –

– –

– –

100

(100) (749) (647) (100)

(100) (771)

1,636 1,258

(499) (499)

(499) (499)

(1) (1)

(660) (660)

(1,047)

452 (74)

– –

– –

– –

– –

352 (76)

Non-interest-bearing share

(2)

Equity risk The group holds a signi fi cant amount of publicly traded shares and is exposed to fluctuations in the fi nancial markets. Those publicly traded shares are subject to a risk of volatility inherent in the fi nancial markets. They are presented in the investment portfolio earmarked for end of-lifecycle operations (see Note 13).

NOTE 30 ADDITIONAL INFORMATION ON FINANCIAL INSTRUMENTS

Financial assets and liabilities by category

6

AT DECEMBER 31, 2025 ASSETS

Financial assets at fair value through pro fi t or loss

Financial assets at amortized cost

Carrying amount

Non- fi nancial assets

Fair value of fi nancial assets

(in millions of euros)

Non-current assets

8,857 8,723

(1)

1,137 1,044

7,720 7,679

8,827 8,693

Financial assets earmarked for end-of-lifecycle operations

–

Other non-current assets

134

(1)

94

41

135

Current assets

3,735

526

2,152

1,058

3,209

Trade accounts receivable and related accounts

824 729

–

824

–

824 236

Other operating receivables Other non-operating receivables Other current fi nancial assets Cash and cash equivalents

493

39

197

35

32

2 6

–

2

660

– –

654 207

660

1,487

1,280 3,289

1,487

TOTAL ASSETS

12,592

525

8,778

12,037

375

Orano - Annual Activity Report 2025