Annual Activity Report 2025

2 SITUATION AND ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES DURING THE PAST FINANCIAL YEAR Financial situation of the Company and the group during the past fi nancial year

2.5 Financial situation of the Company and the group during the past fi nancial year

2.5.1 Summary of key fi gures and segment information

2.5.1.1 Summary tables of key fi gures at group level

Change 2025/2024

December 31, 2025

December 31, 2024

(in millions of euros, except workforce)

RESULTS Revenue

5,138 1,126

5,874 1,703 1,085

-736 -577 -569 +19 +480

Gross margin

Operating income

516

Share in net income of joint ventures and associates

7

(12)

Net fi nancial income (expense) Adjusted net fi nancial income

173

(307) (336)

(256) (147) (147)

+80 -92

Income tax

(54) (62) 633 597 576 521

Adjusted income tax

-85

Net income attributable to owners of the parent

404 (25) 594 456

-229 -622 +17

Adjusted net income attributable to owners of the parent

Comprehensive income

Comprehensive income attributable to owners of the parent

-65

CASH FLOWS EBITDA

1,382

2,067 (149)

-684 +759 +289 -214 +122 +332 +638 +918

Change in operating working capital requirement

610

Net OpE x

1,269

980 937 354

Operating cash flow

723 476

Net cash flow from company operations

MISCELLANEOUS Net cash/(debt)

(443) 3,005

(775) 2,367

Equity attributable to owners of the parent

Workforce (at year end)

21,212

20,294

48

Orano - Annual Activity Report 2025