Annual Activity Report 2025

FINANCIAL STATEMENTS

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

● Orano Assurance & Réassurance: 132,433 thousand euros; ● Orano USA LLC: 116,203 thousand euros; ● Orano Namibia: 114,815 thousand euros; ● Orano DS: 87,101 thousand euros; ● TN Americas: LLC 53,852 thousand euros; ● Orano Projects: 49,140 thousand euros; ● Orano Canada Inc.: 38,886 thousand euros; ● SET HOLDING: 38,196 thousand euros; and ● Orano Aval du Futur: 30,563 thousand euros. 5.11.4 Other liabilities This item corresponds mainly to hedging instruments revalued at the closing rate, including accrued interest.

5.11.3 Group and associates This item consists of: ● tax credit debts to consolidated French subsidiaries in the amount of 53,638 thousand euros; ● non-trade current account liabilities in the amount of 4,533,469 thousand euros. The main companies concerned at December 31, 2025 were: ● Orano Recyclage: 2,625,852 thousand euros; ● Orano Nuclear Packages and Services: 313,555 thousand euros; ● Orano Med Theranostics: 289,160 thousand euros; ● Orano Démantèlement: 246,980 thousand euros; ● Société Enrichissement Tricastin: 216,950 thousand euros;

5.11.5 Deferred income

2025

2024

(in thousands of euros)

Deferred operating income Deferred fi nancial income

1,047

1,319

883

–

TOTAL

1,930

1,319

5.12 Accrued expenses

2025

Notes

2024

(in thousands of euros)

FINANCIAL LIABILITIES Convertible bonds

–

–

Other bonds

5.12.1

61,982

61,982

Bank loans and borrowings

– 3

– –

Miscellaneous loans and fi nancial liabilities

TOTAL FINANCIAL LIABILITIES

61,985

61,982

OTHER LIABILITIES Trade payables

1,786

3,910

Taxes and employee-related liabilities

603

539

6

Accounts payable on non-current assets and related accounts

2,424

13

Other liabilities

5.12.2

232,787 237,599 299,584

223,706 228,167 290,149

TOTAL OTHER LIABILITIES TOTAL ACCRUED EXPENSES

5.12.1 Other bonds This item includes the accrued interest not yet due on bond issues.

5.12.2 Other liabilities The change in other liabilities is mainly due to the revaluation of fi nancial instruments at the closing rate.

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Orano - Annual Activity Report 2025