Annual Activity Report 2025

6

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

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

Consolidated income statement

Notes December 31, 2025 December 31, 2024

(in millions of euros)

Income from goods and services

5,138

4,926

Other income

–

948

REVENUE

5,138

5,874

Cost of goods and services and other income

(4,012)

(4,171)

GROSS MARGIN

1,126 (212)

1,703 (172)

Research and Development expense

Marketing and sales expense

(32)

(33)

General expense

(150)

(135)

Other operating income Other operating expense OPERATING INCOME

5 5

300

106

(515)

(383) 1,085

516

Share in net income of joint ventures and associates

14

7

(12)

OPERATING INCOME AFTER SHARE IN NET INCOME OF JOINT VENTURES AND ASSOCIATES

523

1,073

Financial income from cash and cash equivalents

46

50

Cost of gross debt Cost of net debt

7

(95) (49) 913

(145)

(95) 584

Other fi nancial income Other fi nancial expense

(692)

(796) (212) (307)

Other fi nancial income and expense NET FINANCIAL INCOME (EXPENSE)

7

222 173

Income tax

8

(147)

(54) 712 633

NET INCOME FOR THE PERIOD

550 404 145

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS

78

314

Orano - Annual Activity Report 2025