Annual Activity Report 2025

6

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

Orano SA, which is the only company liable for the tax due on all of the consolidated group’s pro fi t (loss), has assessed the future income tax expense for which it would be liable in the event of a return to pro fi t of subsidiaries whose previous tax losses have

already been included in the overall pro fi t (loss). The risk was valued at 104,118 thousand euros at December 31, 2025. In accordance with current accounting standards, this risk is not covered by a provision in the statement of fi nancial position.

Underlying tax position As the Company does not recognize deferred taxes in the separate fi nancial statements, information is provided on the future effects of corporate income tax arising from differences between the tax regime and the accounting treatment of income and expenses.

2025

Notes

2024

(in thousands of euros)

BASIS FOR INCREASE IN FUTURE TAX LIABILITIES Tax-driven provisions

– –

– –

Investment subsidies

Negative valuation difference on fi nancial assets earmarked for end-of lifecycle operations

– – – – – –

– – – – – –

Currency translation adjustments

Other prepaid expenses

Long-term capital gains deferred from taxation

TOTAL BASIS FOR INCREASE IN FUTURE TAX LIABILITY

TOTAL FUTURE TAX LIABILITIES (1)

BASIS OF FUTURE TAX LIABILITY RELIEF Amortization of software Potential losses on long-term contracts Provisions for retirement and similar bene fi ts Provisions for contingencies and losses

– –

– –

152

140

42,786

38,216

Asset impairment Accrued expenses

–

–

320

296

Positive valuation differences on fi nancial assets earmarked for end-of lifecycle operations

– –

– –

Currency translation adjustments Other income taxed in advance

15,161 492,055

8,106

Tax loss carryforwards integration period

462,798

Tax loss carryforwards outside the integration period TOTAL BASIS DEFERRED TAX LIABILITY RELIEF

–

–

550,474 142,160

509,556 131,593

TOTAL FUTURE TAX ASSETS (1)

NET TAX POSITION

(142,160)

(131,593)

25.83% 25.00%

25.83% 25.00%

(1) Tax rate

O/w standard corporate income tax rate Social security contribution on tax

3.30%

3.30%

414

Orano - Annual Activity Report 2025