Orano - Annual Activity Report 2025 337 FINANCIAL STATEMENTS 6 Consolidated financial statements – financial year ended December 31, 2025 Name of unit or controlling entities Company name, legal form Country December 31, 2025 December 31, 2024 Method % interest Method % interest Orano Canada Inc. Canada FC 100 FC 100 Cigar Lake Canada JO 40.45 JO 40.45 Key Lake Canada JO 16.67 JO 16.67 Kiggavik Canada JO 66.09 JO 66.09 McArthur River Canada JO 30.2 JO 30.2 McClean Lake Canada JO 77.5 JO 77.5 Midwest Canada JO 74.83 JO 74.83 Orano Est Canada Canada FC 100 FC 100 Urangesellschaft Canada Limited Canada FC 100 FC 100 Uranor Inc. Canada FC 100 FC 100 Orano Quebec Inc. Canada FC 100 FC 100 Uramin Inc Virgin Islands FC 100 FC 100 ASIA Orano Japan Japan FC 100 FC 100 Orano Recycling Japan Ltd Japan FC 100 FC 100 Transnuclear Ltd Japan FC 50 FC 50 Orano Beijing Technology Co. Ltd China FC 100 FC 100 UG Asia Limited China FC 100 FC 100 AREVA Mongol LLC Mongolia FC 100 FC 100 COGEGOBI Mongolia FC 100 FC 100 Badrakh Energy LLC (1) Mongolia FC 90 FC 66 Orano EMP Mongolia Resources LLC Mongolia FC 100 – – Orano Korea Rep. of Korea FC 100 FC 100 Katco (see Note 23) Kazakhstan FC 51 FC 51 Nurlikum Mining LLC (2) Uzbekistan EM 45 FC 51 Orano Mining Australia Pty Ltd. Australia FC 100 – – AFRICA/MIDDLE EAST Orano Mining (Namibia) Pty Ltd. Namibia FC 100 FC 100 Orano Processing Namibia Namibia FC 100 FC 100 Uramin Centrafrique Central African Rep. FC 100 FC 100 Comuf Gabon FC 68.42 FC 68.42 (1) Accretion through capital increase by incorporating debt and cash. (2) Loss of control and change in consolidation method following an equity interest taken by a partner (see Note 1.1). Non-consolidated companies At December 31, 2025, the net carrying amount of non-consolidated securities held at 50% or more represented 15 holdings (excluding Nigerien companies), which stood at 11 million euros in the balance sheet. The group believes there is no risk associated with these holdings and considers them non-material.
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