Annual Activity Report 2025

6

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

Assumed rate of salary increase for the calculation of provisions includes inflation. The rates in square brackets show average revaluations at the beginning of a career, which are assumed to be higher, and those at the end of a career.

Management personnel Non-management personnel December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024

France

[3.7%-2.5%]

[3.7%-2.5%]

[3.25%-2.5%]

[3.25%-2.5%]

Financial assets As of December 31, 2025, fi nancial assets consisted of bonds for 98% and other monetary instruments for 2% (breakdown unchanged from December 31, 2024).

Effective return on plan assets

December 31, 2025 December 31, 2024

Europe

2.8%

3.9%

BREAKDOWN OF NET AMOUNT RECOGNIZED

Medical expense and accident/ disability

Long service awards

Early retirement bene fi ts

Supplemental retirement bene fi ts

December 31, 2025

December 31, 2024

Retirement bene fi ts

(in millions of euros)

Actuarial liabilities

26

299

7 – 7

395 134 260

36 27

761 212 549

809 281 528

Fair value of hedging assets NET AMOUNT RECOGNIZED

–

52

26

247

9

Sensitivity of the actuarial liabilities to changes in the discount rate An across-the-board decrease in the discount rate of 0.25% would increase de fi ned- bene fi t obligations by 17 million euros.

Medical expense and accident/ disability

Long service awards

Early retirement bene fi ts

Supplemental retirement bene fi ts

Retirement bene fi ts

Total

(in millions of euros)

De fi ned- bene fi t obligations at December 31, 2024

2 –

312

6 1

450

39

809

Current service cost

16

18

–

35

Past service costs (including plan changes and reductions)

24

– –

– – – – – 1 – – – – – – –

1 –

– – 1 – – 2 – –

25

Disposals/liquidation/plan reductions

– – – – – – – – – – –

–

Accretion expense

10

14

25

Employee contributions

– –

– –

– –

Plan transfer

IMPACT ON THE INCOME STATEMENT

24

26

33

85 (2)

Experience differences

8 –

(10)

Demographic assumption differences Difference in fi nancial assumptions

–

–

(20)

(25)

(1)

(46)

IMPACT ON OTHER ITEMS OF COMPREHENSIVE INCOME

(12) (28)

(35) (53)

(1) (3)

(48) (84)

Bene fi ts paid during the year

Change in scope

– –

– –

–

Currency translation differences

(1) 36

(1)

ACTUARIAL LIABILITIES AT DECEMBER 31, 2025

26

299

7

395

761

364

Orano - Annual Activity Report 2025