Annual Activity Report 2025

FINANCIAL STATEMENTS

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

December 31, 2025

December 31, 2024

Name of unit or controlling entities Company name, legal form

Method % interest

Method % interest

Country

Orano Canada Inc.

Canada Canada Canada Canada Canada Canada Canada Canada Canada Canada Canada

FC JO JO JO JO JO JO FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC EM FC FC FC FC FC

100

FC JO JO JO JO JO JO FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC –

100

Cigar Lake Key Lake

40.45 16.67 66.09

40.45 16.67 66.09

Kiggavik

McArthur River McClean Lake

30.2 77.5

30.2 77.5

Midwest

74.83

74.83

Orano Est Canada

100 100 100 100 100

100 100 100 100 100

Urangesellschaft Canada Limited

Uranor Inc.

Orano Quebec Inc.

Uramin Inc ASIA Orano Japan

Virgin Islands

Japan Japan Japan China China

100 100

100 100

Orano Recycling Japan Ltd

Transnuclear Ltd

50

50

Orano Beijing Technology Co. Ltd

100 100 100 100

100 100 100 100

UG Asia Limited

AREVA Mongol LLC

Mongolia Mongolia Mongolia Mongolia

COGEGOBI

90

66

Badrakh Energy LLC (1)

Orano EMP Mongolia Resources LLC

100 100

–

Orano Korea

Rep. of Korea Kazakhstan

100

Katco (see Note 23) Nurlikum Mining LLC (2)

51 45

51 51

Uzbekistan

Orano Mining Australia Pty Ltd. AFRICA/MIDDLE EAST Orano Mining (Namibia) Pty Ltd. Orano Processing Namibia

Australia

100

–

–

Namibia Namibia

100 100 100

FC FC FC FC

100 100 100

Uramin Centrafrique

Central African Rep.

Comuf

Gabon

68.42

68.42

6

(1) Accretion through capital increase by incorporating debt and cash. (2) Loss of control and change in consolidation method following an equity interest taken by a partner (see Note 1.1).

Non-consolidated companies At December 31, 2025, the net carrying amount of non-consolidated securities held at 50% or more represented 15 holdings (excluding Nigerien companies), which stood at 11 million euros in the balance sheet. The group believes there is no risk associated with these holdings and considers them non-material.

337

Orano - Annual Activity Report 2025