Annual Activity Report 2025

FINANCIAL STATEMENTS

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

Main operations carried out in 2024

Creation of Electric Vehicle Battery companies Following the announcement on May 16, 2023 of the partnership between Orano and Chinese group XTC New Energy, a new milestone was reached on December 9, 2024 with the creation of two joint ventures for the production of battery components for electric vehicles. These joint ventures, called Neomat CAM and Neomat PCAM, will be responsible for the construction of plants for the manufacture of cathode active materials (CAMs) and the production of precursor CAMs, respectively, on the site allocated by the Grand Port Maritime de Dunkerque in the municipalities of Gravelines and Loon-Plage.

Creation of Medical companies On October 17, 2024, Orano Med and Sano fi signed an agreement to combine their expertise for the development of next-generation internal vectorized radiotherapies as part of a new entity (Orano Med Theranostics) under the Orano Med brand.

Scope of consolidated companies (FC: Full consolidation; EM: equity method; JO: Joint operation)

December 31, 2025

December 31, 2024

Name of unit or controlling entities Company name, legal form

Country

Method % interest

Method % interest

FRANCE Orano

FC FC FC FC EM FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC

100 100 100 100

FC FC FC FC EM FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC – –

100 100 100 100

Orano Support

Orano Assurance & Réassurance

Orano Démantèlement

SI-nerGIE

50

50

Orano Mining

100 100

100 100

CFMM

Orano Expansion

95.28

95.28

Orano Mining Expansion

100 100

–

Orano Chimie-Enrichissement

100

60 95 95 95

60 95 95 95

So fi dif (1)

SET Holding

SET

SET Expansion

6

Laboratoire d’Étalons d’Activité

100 100 100 100 100 100

100

Orano Chimie-Enrichissement USA Holding

–

Orano Recyclage

100 100 100 100

Orano Temis Orano NPS Lemaréchal CERIS Group

68.52 68.52 68.52

68.52 68.52 68.52

CERIS Ingénierie

ELIX

INEVO Group

100 100 100

100 100 100

INEVO Technologie

INEVO PS

76.36

73.86

Orano DS – Démantèlement et Services (2)

CNS

51

51

50.4 100

48.75

Trihom (2)

SICN

100

76.36

73.86

Orano DA – Diagnostic Amiante (2)

335

Orano - Annual Activity Report 2025