Annual Activity Report 2025

FINANCIAL STATEMENTS

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

5.7 Cash

2025

Notes

2024

(in thousands of euros)

Other marketable securities

5.7.1 5.7.2

1,732,358

1,495,904

Forward fi nancial instruments and options held

37,920 157,195

18,084 308,903

Cash

TOTAL CASH

1,927,473

1,822,892

5.7.1 Other marketable securities At December 31, 2025, other marketable securities consisted of investments in money market funds and term deposits in the amount of 1,732,358 thousand euros.

5.7.2 Forward fi nancial instruments and options held Cash instruments mainly concern cross-currency swaps.

5.8 Share structure

Number of shares

At the end of the fi nancial year

At the beginning of the fi nancial year

Class of shares

Par value

Increase

Decrease

Ordinary shares

0.50 euros

273,299,118 273,299,118

– –

– 273,299,118 – 273,299,118

TOTAL

The share capital of Orano SA, presented above as at December 31, 2025, breaks down as follows:

2025

2024

French state

90.33% 1 share

90.33% 1 share

CEA

Japan Nuclear Fuel Limited Mitsubishi Heavy Industries, Ltd

4.83% 4.83%

4.83% 4.83%

TOTAL

100.00%

100.00%

6

407

Orano - Annual Activity Report 2025