Annual Activity Report 2025

SUSTAINABILITY STATEMENT

Societal and environmental challenges at the heart of the strategy

ACTIVITIES AND MARKETS

SHARE OF 2025 REVENUE (%)

ACTIVITY

PRODUCT/SERVICE

MARKET/CUSTOMERS

IFRS 8 LINK

Mining

Natural uranium (U 3 O 8 )

MINING

29%

UF 4 and UF 6 conversion service UF 6 enrichment service measured in a separative work unit (SWU)

Conversion

Electricity producers for the production of electricity of nuclear origin

Enrichment

FRONT END

24%

Reprocessing-recycling MOX manufacturing

Reprocessing of spent fuel

MOX fuel

Packaging Transport service Operational services Decommissioning

Nuclear logistics

Electricity producers Nuclear operators

Decommissioning and Services

Engineering Medical

BACK END 46%

212 Pb

Pharmaceutical industry

Head of fi ce The activities are detailed in Chapter 2, Section 2.3 The group’s businesses. As a company under French law, Orano complies with the export control and international sanctions regimes of the United Nations, the European Union, and France, as well as, when they are applicable to the group’s transactions, to the regimes of the United States and the United Kingdom. Due to its activities, Orano is a user, buyer or exporter of dual-use products (whose export is regulated by Regulation (EU) 2021/821

CORPORATE 1%

of May 21, 2021). Dual-use products are products that can be diverted from their primary use for other purposes, including proliferation. Their export is regulated by the European Union. The group complies with this regulation in all of its activities and does not market products without ensuring the legality of the transaction in question.

4

REVENUE AND EMPLOYEES BY REGION

REVENUE

EMPLOYEES

Region

(in millions of euros)

Number

%

%

France

3,141

61% 18% 13%

18,376

87%

Asia

947 647

1,603

8% 4% 0% 1%

Americas

892

Africa and Middle East Europe (excluding France)

39

1% 7%

43

364

308

GROUP TOTAL

5,138

100%

21,222

100%

A three-pronged strategy: performance, diversi fi cation and the future of treatment-recycling The group has structured its strategy around three areas: ● Area 1 : Improve our performance through the Opteam26 program; ● Area 2 : Successfully implement our development opportunities in our core business and in our diversi fi cation activities; ● Area 3 : Build the Aval du Futur by extending the lifetime of our existing plants and preparing the production plants of tomorrow.

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Orano - Annual Activity Report 2025