Annual Activity Report 2025

FINANCIAL STATEMENTS

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

LIABILITIES

2025

Notes

2024

(in thousands of euros)

5.8

SHARE CAPITAL (OF WHICH PAID: 136,650)

136,650

136,650

Additional paid-in capital, merger premiums, share premiums

3,842,919

3,842,919

Revaluation differences Equivalence adjustment

– –

– –

Reserves: Legal reserve

13,665

13,208

Statutory or contractual reserves

– –

– –

Regulated reserves

Other reserves

4,041

4,041

Retained earnings

1,643,904 188,717

1,447,631 221,327

Net income for the period (pro fi t or loss)

Investment subsidies Tax-driven provisions TOTAL EQUITY (I)

– –

– –

5.9

5,829,895

5,665,775

Proceeds from issues of equity securities

– – – –

– – – –

Advances subject to covenants TOTAL OTHER EQUITY (I BIS) Provisions for contingencies

Provisions for losses TOTAL PROVISIONS (II)

152 152

140 140

5.10

Convertible bonds

–

–

Other bonds

2,311,982

2,311,982

Bank borrowings

11,402 52,966

125

198,000

Miscellaneous loans and fi nancial liabilities (2)

Forward fi nancial instruments

578

124

Advances and prepayments on orders in progress

–

–

Trade payables

44,094

38,865

Taxes and employee-related liabilities

2,739 2,650

616

Accounts payable on non-current assets and related accounts

21

6

Other liabilities Deferred income

4,820,124

4,452,794

1,930

1,319

TOTAL LIABILITIES (1) (III)

5.11

7,248,465

7,003,846

Currency translation differences and valuation differences – Liabilities (IV)

–

–

GRAND TOTAL LIABILITIES (I + I BIS + II + III + IV)

13,078,512

12,669,761

(1) Of which due in less than one year (excluding advances and down payments received on orders in progress)

5,574,492

4,599,334

(2) Of which participating loans

–

–

391

Orano - Annual Activity Report 2025