Annual Activity Report 2025

6

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

NOTE 3 SEGMENT INFORMATION

By business segment

2025 INCOME

Corporate, other operations and eliminations

Mining Front End

Back End

Total

(in millions of euros)

Gross revenue

1,506

1,406 (156) 1,250

2,591 (239) 2,352

(365)

5,138

Inter-segment sales

(14)

409

–

CONTRIBUTION TO REVENUE

1,492

44

5,138

OPERATING INCOME BEFORE END-OF-LIFECYCLE ACTIVITY

353

590

97

(80)

960

Income from end-of-lifecycle activities

–

(122)

(322) (224)

–

(443)

OPERATING INCOME

353

468

(80)

516

Share in net income of joint ventures and associates

– – – –

– – – –

– – – –

– – – –

7

Net fi nancial income (expense)

173

Income tax

(147)

NET INCOME FOR THE PERIOD

550

EBITDA*

519

519

390

(45)

1,382 26.9%

% of gross revenue

34.5%

36.9%

15.0%

n/a

n/a.: not applicable. * See Notes 1.3.5 and 6. At December 31, 2025, the group generated approximately 55% of its revenue with EDF.

2025 BALANCE SHEET

Corporate, other operations and eliminations

Mining Front End

Back End

Total

(in millions of euros)

Intangible and tangible fi xed assets (including goodwill and right-of-use assets on leases) End-of-lifecycle assets and assets earmarked for end of lifecycle operations

2,404

4,970

4,637

277

12,288

–

1,823

6,962

–

8,785

Other non-current assets

58

–

5

330 607 400

393

SUBTOTAL: NON-CURRENT ASSETS

2,463

6,793

11,604

21,465

Inventories and receivables (excluding tax receivables)

683

943

1,143

3,170 2,197 5,366

Other current assets

–

–

1

2,196 2,596 3,203

SUBTOTAL: CURRENT ASSETS

683

943

1,144

TOTAL ASSETS

3,145

7,736

12,747

26,832

338

Orano - Annual Activity Report 2025