Annual Activity Report 2025

6

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

Consolidated statement of fi nancial position

ASSETS

Notes December 31, 2025 December 31, 2024

(in millions of euros)

NON-CURRENT ASSETS

21,465

20,918

Goodwill

9

1,227 1,146 9,825

1,348 1,176 9,485

Intangible assets

10 11 12 13 13 14 15

Tangible fi xed assets

Right-of-use assets – leases

89 62

90 74

End-of-lifecycle assets – third-party share

Financial assets earmarked for end-of-lifecycle operations

8,723

8,379

Investments in joint ventures and associates

88

30

Other non-current assets

134 171

130 207

Deferred tax assets CURRENT ASSETS

8

5,366 1,467

4,887 1,271

Inventories and work-in-process

16 17 18 19

Trade accounts receivable and related accounts

824 114 729

973 108 529

Contract assets

Other operating receivables Other non-operating receivables

35 50

36 30

Current tax assets

8

Other current fi nancial assets Cash and cash equivalents

15 20

660

665

1,487

1,273

TOTAL ASSETS

26,832

25,805

316

Orano - Annual Activity Report 2025