Annual Activity Report 2025

6

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

DECEMBER 31, 2024

Katco

SET

Orano DS

Mining

Front End

D&S

(in millions of euros)

Country

Kazakhstan

France

France 26.14%

Percentage stake in non-controlling interests

49.00%

5.00% (1)

Revenue

479 273 134 204 400 (45) (27) 532 261 232 30

1,006

422

Net income

411

19

Of which attributable to non-controlling interests

21

5

Of which an additional 11% attributable to non-controlling interests

Current assets

721

205

Non-current assets Current liabilities Non-current liabilities

3,993 (345) (983) 3,385

42

(178)

(35)

Net assets

34

Of which attributable to non-controlling interests

169 583

9

Cash flow from operating activities Cash flow from investing activities Cash flow from fi nancing activities

19 (3)

(148) (134)

(296) (183)

(11)

Change in net cash

(51) (80)

103

5

Dividends paid to non-controlling interests (2) (1) SET and SET Expansion are held directly by SET Holding, whose purpose is to fi nance its subsidiaries. The data presented for SET, SET Expansion and SET Holding are aggregated. (1)

NOTE 24 EMPLOYEE BENEFITS

Depending on the prevailing laws and practices of each country, the group’s companies make end-of-career payments to their retiring employees. Long-service awards and early retirement pensions are also paid, while supplementary pensions contractually guarantee a given level of income to certain employees. The group calls on an independent actuary to evaluate its commitments each year. In some companies, these commitments are covered in whole or in part by contracts with insurance companies or pension funds. In such cases, the obligations and the covering assets are valued independently. The difference between the commitment and the fair value of the hedging assets is either a funding surplus or a shortfall. In the event

of a shortfall, a provision is recorded. In the event of a surplus, an asset is recognized (subject to special conditions). Insurance contract assets may only be used to fi nance the expenses of the plans covered. The group’s key bene fi ts The “CAFC plan” (Congés anticipation fin de carrière) is an early retirement plan consisting of a working time account with matching contributions from the employer for personnel who work nights or in certain jobs identi fi ed in the agreement.

ANALYSIS OF EMPLOYEE BENEFITS ON THE STATEMENT OF FINANCIAL POSITION

December 31, 2025 December 31, 2024

(in millions of euros)

EMPLOYEE BENEFITS

549

528

Medical expense and accident/disability

26

2

Retirement bene fi ts Long-service awards Early retirement bene fi ts

247

239

7

6

260

270

Supplemental retirement bene fi ts

9

10

362

Orano - Annual Activity Report 2025