Annual Activity Report 2025

FINANCIAL STATEMENTS

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

Contractual payment schedule

AT DECEMBER 31, 2025

Total payment fl ows

Carrying amount

Less than 1 year

1 to 2 years

2 to 3 years

3 to 4 years

4 to 5 years

More than 5 years

(in millions of euros)

Bonds

2,241

2,241

749 499 498

– – 1 – –

– 496

Accrued interest not yet due on bonds

62

62

62

– 1 – –

– 2 – –

– – –

– – –

Bank borrowings Commercial paper

4

4

42

42

42

Interest-bearing advances

129

129

– 129

Short-term bank facilities and current accounts in credit

26 17

26 17

26 11 91

– 1

– –

– 1

– –

– 4

Miscellaneous fi nancial liabilities Future interest on fi nancial liabilities

267

65

38

25 27

24 25

24

Total fi nancial liabilities (excluding derivatives)

2,522

2,789

981 565 538

654 n/ a n/ a

Derivatives – assets Derivatives – liabilities Total net derivatives

(38)

(38)

n/a n/ a

n/ a n/ a

n/ a n/ a

n/ a n/ a

n/ a n/ a

89 51

89 51

23

11

1

16 42

TOTAL

2,572

2,840 1,004 577 539

25

654

n/a: not available.

AT DECEMBER 31, 2024

Carrying amount

Total payment fl ows

Less than 1 year

1 to 2 years

2 to 3 years

3 to 4 years

4 to 5 years

More than 5 years

(in millions of euros)

Bonds

2,235

2,235

– 746 497 497

– 495

Accrued interest not yet due on bonds

61

61

61

– 1 – –

– 1 – –

– 2 – –

– 1 –

– – –

Bank borrowings Commercial paper

5

5

198 162

198 162

198

Interest-bearing advances

– 162

Short-term bank facilities and current accounts in credit

21

21

21

– –

– –

– –

– 1

– 3

Miscellaneous fi nancial liabilities Future interest on fi nancial liabilities

4 –

4

348

90

90

65

38

26 27

40

Total fi nancial liabilities (excluding derivatives)

2,685

3,033

370 837 563 536

699 n/ a n/ a

6

Derivatives – assets Derivatives – liabilities Total net derivatives

(16)

(16)

n/ a n/ a

n/ a n/ a

n/ a n/ a

n/ a n/ a

n/ a n/ a

37 21

37 21

24

14

(4)

(9)

(3) 24

TOTAL

2,707

3,055

395 850 559 527

699

n/a: not available.

369

Orano - Annual Activity Report 2025

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