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

SUMMARY TABLE OF REVENUE BY REGION AND BY ACTIVITY

Change 2025/2024

2025

2024

(in millions of euros)

France Mining

3,141

2,853

+10.1%

700 551

758 506

-7.6% +9.0%

Front End Back End

1,874

1,576

+18.9% +19.6% -15.4% +8.8% -35.6% -99.4% -7.8% +0.8% -24.6% +26.8% -48.3% +13.3% -2.4% -8.3%

Corporate and other operations Europe (excluding France)

16

13

364

431

Mining

80

73

Front End Back End

120 165

186 169

Corporate and other operations

-

3

Americas

647 203 311 105 947 475 267 204 28

702 201 339 140

Mining

Front End Back End

Corporate and other operations

22

Asia

1,831

Mining

420 273

Front End Back End

-2.0%

1,138

-82.1%

Corporate and other operations

-

-

n/s

Africa and Middle East

39 34

58 50

-32.1% -31.1% -87.5%

Mining

Front End Back End

-

3 5

4

-4.0%

Corporate and other operations

-

-

n/s

TOTAL

5,138

5,874

-12.5%

n/s: not signi fi cant.

2.5.2 Consolidated fi nancial statements for the past fi nancial year

The consolidated fi nancial statements for the past fi nancial year are shown in Section 6.1 of Chapter 6 Financial statements of this report.

2.5.2.1 Backlog

Change 2025/2024

2025

2024

(in millions of euros)

Backlog

34,239

35,872

-1,633

The backlog stood at 34.2 billion euros at December 31, 2025, a decrease compared to December 31, 2024 (35.8 billion euros). The backlog represents nearly seven years of revenue.

Order intake amounted to 4,154 million euros, of which 76% outside France. This decrease is due to a high comparable base, given the signing in 2024 of the Reprocessing–Recycling contract with EDF for the period 2024 to 2026.

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Orano - Annual Activity Report 2025