Annual Activity Report 2025

6

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

5.11 Statement of liabilities

Maturity of between 1 and 5 years

Maturity of more than 5 years

Maturity of 1 year or less

Notes Gross amount

(in thousands of euros)

FINANCIAL LIABILITIES Convertible bonds

–

–

–

– – – – – – – – – – – – – – – – – – – –

Other bonds

5.11.1 2,311,982

811,982 1,500,000

Bank loans and borrowings

11,402 52,966

11,402 52,966

– – –

Miscellaneous loans and fi nancial liabilities:

5.11.2

Forward fi nancial instruments TOTAL FINANCIAL LIABILITIES

578

578

2,376,928 876,928 1,500,000

ADVANCES AND PREPAYMENTS ON ORDERS

–

–

–

OTHER LIABILITIES Trade payables

44,094

44,094

–

Taxes and employee-related liabilities: ● Employee and related accounts

207 131

165 112

42 18

● Social security administration and other social institutions

● State and other public authorities:

● Value-added tax

2,060

2,060

● Other taxes ● Income tax

342

341

1 – –

–

–

Accounts payable on non-current assets and related accounts

2,650

2,650

Group and associates

5.11.3 4,587,107 4,552,923

34,184 139,224

Other liabilities

5.11.4

233,017

93,793

TOTAL OTHER LIABILITIES

4,869,607 4,696,137 173,470

Deferred income

5.11.5

1,930 1,930

1,427 1,427

503 503

TOTAL DEFERRED INCOME

TOTAL LIABILITIES

7,248,465 5,574,492 1,673,973

–

5.11.1 Bonds The balance of bonds consists of the 2,250,000 thousand euro nominal value of the bond issues plus accrued interest not yet due of 61,982 thousand euros (see Note 5.12.1 Other bonds ). These bonds are backed by an outstanding nominal total of 100 million euros in interest rate swaps.

Nominal

Issue date (in thousands of currencies)

Currency

Nominal rate

Maturity

April 23, 2019

750,000 500,000 500,000 500,000

EUR EUR EUR EUR EUR

3.375% 5.375%

April 2026 May 2027

November 15, 2022 September 8, 2020

2.750% March 2028 4.000% March 2031

March 12, 2024

TOTAL

2,250,000

5.11.2 Miscellaneous loans and fi nancial liabilities At December 31, 2025, this item amounted to 52,966 thousand euros, corresponding to short-term commercial paper outstanding at the end of the fi nancial year of 42,000 thousand euros and a liability related to equity interests in ETC for 10,966 thousand euros.

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Orano - Annual Activity Report 2025