Annual Activity Report 2025

FINANCIAL STATEMENTS

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

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)

Fair value of hedging assets at December 31, 2024

– –

72

– –

180

29

281

Interest income on assets

2

5

1

8

INCOME WITH IMPACT ON THE INCOME STATEMENT Actual yield on assets net of expected yield EXPENSE WITH IMPACT ON OTHER ITEMS OF COMPREHENSIVE INCOME Payments/repayments over the year FAIR VALUE OF HEDGING ASSETS AT DECEMBER 31, 2025

– –

2 –

– –

5 1

1

8

(2)

(1)

– –

–

– –

1

(2) (2)

(1)

(23)

(52)

(77)

–

52

–

134

27

212

Medical expense and accident/ disability

Early retirement bene fi ts

Supplemental retirement bene fi ts

Retirement bene fi ts

Long-service awards

Total

(in millions of euros)

Net amount recognized at December 31, 2024

2

239

6

270

10

528

NET AMOUNT RECOGNIZED AT DECEMBER 31, 2025

26

247

7

260

9

549

CHANGE IN EMPLOYEE BENEFITS

(in millions of euros) At December 31, 2024

528

Total expense

30 (8)

Contributions/payments/refunds Disposals/liquidation/plan reductions Change in method Change in scope Currency translation differences

(1)

AT DECEMBER 31, 2025

549

PROVISIONAL SCHEDULE OF EMPLOYEE BENEFIT DISBURSEMENTS

6

(in millions of euros) 2026-2028

204 283

2029-2032

2033 and beyond

62

AT DECEMBER 31, 2025

549

The amounts represent the future disbursements of employee bene fi ts after discounting.

365

Orano - Annual Activity Report 2025