Annual Activity Report 2025

FINANCIAL STATEMENTS

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

7.3 Off-balance-sheet commitments

From 1 to 5 years

Total

Notes

<1 year

>5 years

(in thousands of euros)

COMMITMENTS GIVEN Bid guarantees Performance warranties Advance payment guarantees After-sales warranties Customs guarantees Environmental guarantees Other operating commitments

–

–

–

–

293,730 25,000

72,813

103,140 25,000

117,777

– – – – – – – – – –

– – – – – – – – – – – – –

Guarantees for waivers of warranty retentions

– – – –

– – – – – – – – –

2,000

2,000

TOTAL OPERATING COMMITMENTS

320,730

72,813 128,140 119,777

Comfort letters given

– – – –

Guarantees and surety given

Pledges granted Mortgages given

Other funding guarantees

54,513 54,513 300,000

5,579 5,579

48,934 48,934

TOTAL COMMITMENTS AND COLLATERAL GIVEN ON FINANCING

Guarantees given on liabilities Rental guarantees granted Other commitments given

7.3.2

– 300,000

–

–

–

16,313

1,316

597

14,400 14,400

TOTAL OTHER COMMITMENTS GIVEN I. TOTAL COMMITMENTS GIVEN

316,313 691,556

1,316 300,597

79,708 477,671 134,177

COMMITMENTS RECEIVED Market guarantees received Vendor warranties received Other commitments received

– – – – – – –

– – – – – – –

– – – – – – –

– – – – – – –

II. TOTAL COMMITMENTS RECEIVED RECIPROCAL COMMITMENTS Investment orders Firm multi-year purchase commitments Firm multi-year sales commitments Unused authorized credit facilities Future minimum operating leases

6

7.3.1 1,280,000

880,000 17,353

400,000 17,136

38,697

4,209

Other reciprocal commitments

–

–

–

–

III. TOTAL RECIPROCAL COMMITMENTS

1,318,697

4,209 897,353 417,136

7.3.1 Unused authorized credit facilities During 2022, Orano re fi nanced its syndicated revolving credit facility (RCF) in advance for a total amount of 880 million euros with a margin indexed to environmental and governance criteria. This con fi rmed syndicated credit facility, taken out with a pool of 10 banks with a 5-year maturity, had a fi rst 1-year extension option exercised in 2023 and a second 1-year extension option exercised during the fi rst half of 2024. As indicated in Note 1.2 European Investment Bank (EIB) loan , a loan agreement of 400 million euros intended to partly fi nance the investments in the extension project at the Georges Besse II uranium enrichment plant in Tricastin (Drôme / Vaucluse, France) was signed. At the end of December 2025, none of these lines was used.

7.3.2 Guarantees given on liabilities As part of its day-to-day activities, Orano enters into contracts with standard indemnity clauses such as liability guarantees. These guarantees are intended to cover certain risks identi fi ed at the date of the transactions relating to environmental, tax, compliance, litigation, shareholding, industrial property, government regulations, labor law or commercial contracts. These guarantees may be invoked due to breach of contract or external complaints.

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Orano - Annual Activity Report 2025