Annual Activity Report 2025

FINANCIAL STATEMENTS

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

AT DECEMBER 31, 2024 ASSETS

Financial assets at fair value through pro fi t or loss

Financial assets at amortized cost

Fair value of fi nancial assets

Carrying amount

Non- fi nancial assets

(in millions of euros)

Non-current assets

8,556 8,426

(1)

1,193 1,089

7,364 7,337

8,570 8,439

Financial assets earmarked for end-of-lifecycle operations

–

Other non-current assets

130

(1)

103

27

131

Current assets

3,477

478

2,281

718

2,999

Trade accounts receivable and related accounts

973 529

–

973

–

973

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

444

45

41

86

36

35

2 4

–

2

665

661

665

1,273

–

1,257 3,474

16

1,273

TOTAL ASSETS

12,033

478

8,082

11,568

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

1,089 7,337 8,426

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

13

8,439

745

Fair value of fi nancial assets analyzed by valuation technique

9,184 2,385

Other fi nancial assets measured at amortized cost

Fair value of fi nancial assets

11,568

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

8,344 8,344

108

14

8,466 8,439

6

Financial assets earmarked for end-of-lifecycle operations

95 13 44 41

–

Other non-current fi nancial assets

–

14

27

Current assets

674

– – – –

718

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

–

41

658

3 –

661

16

16

TOTAL ASSETS

9,018

152

14

9,184

377

Orano - Annual Activity Report 2025