Annual Activity Report 2025

FINANCIAL STATEMENTS

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

EQUITY AND LIABILITIES

Notes December 31, 2025 December 31, 2024

(in millions of euros)

Capital

137

137

Consolidated premiums and reserves

2,976

2,393 (118) (103)

Revaluation of the net liability in respect of de fi ned- bene fi t obligations

(64) 120

Unrealized gains and losses on fi nancial instruments

Currency translation reserves

(164) 3,005

59

Equity attributable to owners of the parent

2,367

Non-controlling interests

23 22

521

369

EQUITY

3,526

2,736

NON-CURRENT LIABILITIES

11,564

12,452

Employee bene fi ts

24 13 25 14 26 12

549

528

Provisions for end-of-lifecycle operations

8,915

9,059

Other non-current provisions

312

286

Share in negative net equity of joint ventures and associates

12

32

Non-current fi nancial liabilities Non-current lease liabilities

1,631

2,407

77 68

79 60

Deferred tax liabilities CURRENT LIABILITIES

8

11,742

10,617

Current provisions

25 26 12

2,422

2,425

Current fi nancial liabilities Current lease liabilities

979

315

21

21

Trade payables and related accounts

1,237 5,973 1,049

1,063 5,597 1,142

Contract liabilities

18 27

Other operating liabilities Other non-operating liabilities

3

2

Current tax liabilities

8

58

51

TOTAL EQUITY AND LIABILITIES

26,832

25,805

6

317

Orano - Annual Activity Report 2025