Annual Activity Report 2025

6

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

Total

(in millions of euros)

Financial assets earmarked for end-of-lifecycle operations measured at amortized cost Financial assets earmarked for end-of-lifecycle operations measured at fair value through pro fi t or loss

1,044 7,679 8,723 8,693 1,099 9,791 2,245 (30)

Financial assets earmarked for end-of-lifecycle operations (carrying amount) Change in fair value of the assets at amortized cost (bond mutual funds) Fair value of fi nancial assets earmarked for end-of-lifecycle operations Other fi nancial assets measured at fair value through pro fi t or loss

Fair value of fi nancial assets analyzed by valuation technique

Other fi nancial assets measured at amortized cost

Fair value of fi nancial assets

12,037

BREAKDOWN OF ASSETS RECOGNIZED AT FAIR VALUE BY VALUATION TECHNIQUE

Level 1 Listed prices, unadjusted

Level 2 Observable inputs

Level 3 Unobservable inputs

Total

(in millions of euros)

Non-current assets

7,359 7,359

1,360 1,334

14

8,734 8,693

Financial assets earmarked for end-of-lifecycle operations

–

Other non-current fi nancial assets

–

27

14

41

Current assets

850

208 197

– – – –

1,058

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

–

197 654 207

642 207

11

–

TOTAL ASSETS

8,208

1,569

14

9,791

LIABILITIES AND EQUITY

Financial liabilities at fair value through pro fi t or loss (1)

Financial liabilities at amortized cost

Fair value of fi nancial liabilities

Carrying amount

Non- fi nancial liabilities

(in millions of euros)

Non-current liabilities

1,708 1,631

– – – – – –

1,708 1,631

– – –

1,741 1,663

Non-current fi nancial liabilities Non-current lease liabilities

77

77

77

Current liabilities

3,289

290

2,878

121

3,001

Current fi nancial liabilities Current lease liabilities

979

890

90

981

21

21

– –

21

Trade payables and related accounts

1,237 1,049

1,237

1,237

Other operating liabilities Other non-operating liabilities

288

729

31

760

3

2

1

–

1

TOTAL LIABILITIES

4,997

290

4,586

121

4,741

(1) Level 2.

376

Orano - Annual Activity Report 2025