Orano - Annual Activity Report 2025 347 FINANCIAL STATEMENTS 6 Consolidated financial statements – financial year ended December 31, 2025 Back end In the Back End segment, goodwill is carried by the Recycling BU in the amount of 171 million euros, the Nuclear Packages and Services BU in the amount of 68 million euros, the Dismantling and Services BU in the amount of 15 million euros and the Orano Projets BU in the amount of 6 million euros. The values in use calculated to carry out the impairment tests are obtained by discounting the projected future cash flows at a rate of between 7.75% and 8.75% (up +0.25% or stable depending on the BU, compared to those of December 31, 2024). The sensitivity analyses carried out show that the use of discount rates that are 50 basis points higher and/or standard-year growth rates that are 50 basis points lower would not have led to the recognition of any impairment of goodwill. NOTE 10 INTANGIBLE ASSETS (in millions of euros) Pre-mining expense R&D expense Mineral rights Concessions & patents Software Intangible assets under construction Other Total Gross amounts at December 31, 2024 2,007 59 1,219 415 422 87 172 4,380 Capex 67 – – – 1 66 2 136 Disposals – – – – (4) – – (4) Currency translation differences (144) – (100) (3) (1) (3) (5) (256) Change in scope (2) (8) – – – – – – (8) Other changes 23 13 – 1 14 (37) – 14 GROSS AMOUNTS AT DECEMBER 31, 2025 1,944 72 1,118 413 431 113 169 4,262 Depreciation, amortization and provisions at December 31, 2024 (1,273) (58) (1,218) (137) (359) (2) (157) (3,204) Net charges to depreciation and amortization/Impairment losses (1) (95) (2) – (8) (18) – (1) (124) Disposals – – – – 4 – – 4 Currency translation differences 92 – 100 3 – – 5 200 Change in scope (2) 8 – – – – – – 8 Other changes – – – – – – – – DEPRECIATION, AMORTIZATION AND PROVISIONS AT DECEMBER 31, 2025 (1,266) (60) (1,118) (143) (372) (2) (153) (3,115) Net carrying amount at December 31, 2024 734 1 – 278 63 85 15 1,176 NET CARRYING AMOUNT AT DECEMBER 31, 2025 678 12 – 270 59 111 16 1,146 (1) Including 12 million euros of impairment losses. (2) See Note 2.
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