Annual Activity Report 2025

6

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

Balance sheet

ASSETS

2025

2024

Depreciation, amortization and impairment

Gross

Net

Notes

Net

(in thousands of euros)

Uncalled share capital (I) Start-up expenses (II) INTANGIBLE ASSETS Development expenses

– –

– –

– –

5.1 / 5.2

–

–

–

–

Concessions, patents, licenses, trademarks, processes, IT solutions, rights and similar assets

1,174

931

242

410

Goodwill

– – – – – –

– – – – – –

– – – – – –

– – – – – –

Other intangible assets

Intangible assets in progress, advances, and prepayments

5.1 / 5.2

TANGIBLE FIXED ASSETS

Land

Buildings

Plant, equipment and tooling

Other tangible assets

18,120

11,509

6,612 3,568

8,027

Tangible fi xed assets in progress, advances and prepayments

3,568

–

–

5.3 / 5.4

FINANCIAL INVESTMENTS (1)

Equity interests

7,545,700 2,687,931

93,093 7,452,606 7,288,830 113,371 2,574,560 2,749,762

Loans to associates

Portfolio investments (T.I.A.P) Other long-term securities

–

– – –

–

–

500

500

400

Loans

–

–

–

Other fi nancial investments

14,110

– 14,110

14,110

TOTAL NON-CURRENT ASSETS (III)

10,271,103

218,904 10,052,199 10,061,538

INVENTORIES AND WORK-IN-PROCESS Raw materials and supplies

– – – – 7

– – – – –

– – – – 7

– – – – –

Goods in process Finished goods

Goods

Advances and prepayments on orders

5.5

RECEIVABLES (2)

Trade accounts receivable and related accounts

4,158

–

4,158

720

Other accounts receivable

1,082,519

– 1,082,519 767,038

Prepaid expenses

417

– –

417

1,406

Subscribed capital called for, unpaid MARKETABLE SECURITIES Treasury shares

–

–

–

–

–

–

–

Other securities

1,732,358

– 1,732,358 1,495,904

Forward fi nancial instruments and options held

37,920

– 37,920

18,084

Cash

5.7 157,195

– 157,195 308,903 – 3,014,573 2,592,055

TOTAL CURRENT ASSETS (IV)

3,014,573

Loan issue costs (V)

7,906 3,834

7,906 3,834

10,258

Loan redemption premiums (VI)

5,910

Currency translation differences and valuation differences – Assets (VII)

–

–

–

GRAND TOTAL ASSETS (I + II + III + IV + V + VI + VII)

13,297,416

218,904 13,078,512 12,669,761

(1) Of which gross at less than one year (2) Of which gross at less than one year

212,766 876,214

345,317 573,958

390

Orano - Annual Activity Report 2025