Orano - Annual Activity Report 2025 318 6 FINANCIAL STATEMENTS Consolidated financial statements – financial year ended December 31, 2025 Consolidated statement of cash flows (in millions of euros) Notes December 31, 2025 December 31, 2024 Net income 550 712 Net amortization, depreciation and impairment of intangible and tangible fixed assets and marketable securities maturing in more than 3 months 10, 11 and 12 407 642 Net increase in (reversal of) provisions 13, 24 and 25 67 (111) Insurer (payments)/repayments on assets earmarked for social liabilities 24 77 82 Net effect of accretion of assets and provisions 280 671 Income tax expense (current and deferred) 147 54 Net accrued interest included in cost of debt 55 97 Loss (gain) on disposal of fixed assets and change in fair value of financial assets 5 and 7 (636) (467) Share in net income of joint ventures and associates 14 (7) 12 Other non-cash items 24 21 Cash flow from operations before interest and taxes 964 1,715 Net interest received (paid) (105) (81) Net interest paid on lease liabilities (4) (4) Income tax paid (125) (97) Cash flow from operations after interest and tax 728 1,532 Change in working capital requirement 21 604 (137) NET CASH FLOW FROM OPERATING ACTIVITIES 1,333 1,395 Acquisitions of intangible and tangible fixed assets (1,275) (995) Disposals of intangible and tangible fixed assets 5 3 Acquisitions of shares of consolidated companies, net of acquired cash (1) (14) Disposals of shares of consolidated companies, net of cash disposed of – 12 Acquisitions of financial assets earmarked for end-of-lifecycle operations (4,235) (2,868) Disposals of financial assets earmarked for end-of-lifecycle operations 4,470 2,929 Change in cash management financial assets 15 33 (451) Loans granted to joint ventures and associates (1) (1) Repayment of loans from joint ventures and associates 2 8 Acquisitions of other financial assets (3) (12) NET CASH FLOW FROM INVESTING ACTIVITIES (1,004) (1,388) Parent company capital increases 22 – 297 Capital increases subscribed by minority shareholders of consolidated companies 296 – Dividends paid to shareholders of the parent company (25) – Dividends paid to non-controlling interests (91) (84) Repayment of lease liabilities (24) (20) Increase in debt levels 26 17 519 Decrease in financial liabilities 26 (157) (713) Change in other borrowings 26 (93) 0 NET CASH FLOW FROM FINANCING ACTIVITIES (77) (1) Effect of exchange rate changes (43) 16 CHANGE IN NET CASH 209 22 NET CASH AT THE BEGINNING OF THE PERIOD 1,252 1,230 Cash position at the end of the period 20 1,487 1,273 (-) short-term bank facilities and non-trade current accounts in credit 26 (26) (21) NET CASH AT THE END OF THE PERIOD 1,461 1,252
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