Annual Activity Report 2025

FINANCIAL STATEMENTS

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

Deferred expenses ANC Regulation No. 2022-06 modi fi ed the recognition of depreciation and amortization of deferred charges that impacted operating income (expense) in 2024 and which, from 2025, impact net fi nancial income (expense) in loan issuance expenses. Operating losses amount to 32,550 thousand euros.

6.2 Net fi nancial income (expense) Net fi nancial income (expense) in the amount of 107,875 thousand euros breaks down as follows:

2025

2024

(in thousands of euros)

DIVIDENDS Dividends on equity interests (see Note 7.6)

101,408 101,408

80,133 80,133

TOTAL DIVIDENDS

INTEREST, EXPENSES, AND SIMILAR INCOME Net income on current accounts and loans to associates

41,638 (2,480) 38,061 (92,464)

41,640 (9,673) 45,565

Net income on fi nancial instruments

Financial investment income Financial expenses on loans

(123,183)

Net income (expenses) on the disposal of marketable securities TOTAL INTEREST, EXPENSES, AND SIMILAR INCOME

15,030

14,256

(216)

(31,395)

FOREIGN EXCHANGE GAIN (LOSS) Foreign exchange gain (loss)

2,071 2,071

2386 2386

TOTAL FOREIGN EXCHANGE ALLOCATIONS/REVERSALS Provisions for equity interests

–

–

(9,846)

24,494

Reversals of provisions for equity interests (1) Charges to provisions for loans to associates Net reversals of provisions for other fi nancial risks

– –

– –

Depreciation and impairment of redemption premiums related to bond issues

(2,076) (3,152)

(2,404)

Depreciation and impairment of loan issuance costs

–

Accretion of pension obligations TOTAL ALLOCATIONS/REVERSALS

(5)

(3)

4,613

22,087 73,212

TOTAL NET FINANCIAL INCOME (EXPENSE)

107,875

(1) Mainly Orano Support.

6

6.3 Income tax In accordance with the provisions of Article 223A of the French General Tax Code, Orano SA opted to be solely responsible for the income tax due on the overall income of the consolidated group in France with effect from September 1, 2017.

In respect of the 2025 fi nancial year, Orano SA and its consolidated subsidiaries generated an overall loss, before the allocation of de fi cits, of 29,258 thousand euros.

The tax income recognized for the 2025 fi nancial year amounts to 113,381 thousand euros and comprises:

2025

2024

(in thousands of euros)

TAX INCOME RECOGNIZED Tax savings generated by tax consolidation

134,315 (19,574) (1,360)

162,719 21,337

Income tax on earnings from all previous fi nancial years

Loss of foreign tax credits

– –

Tax credits for the fi nancial year TOTAL TAX INCOME RECOGNIZED

–

113,381

184,056

413

Orano - Annual Activity Report 2025