Orano - Annual Activity Report 2025 358 6 FINANCIAL STATEMENTS Consolidated financial statements – financial year ended December 31, 2025 NOTE 16 INVENTORIES AND WORK-IN-PROCESS (in millions of euros) December 31, 2025 December 31, 2024 Raw materials and other supplies 349 294 In process 650 692 Finished goods 580 398 Total gross amount 1,579 1,384 Provisions for impairment (112) (112) TOTAL NET CARRYING AMOUNT 1,467 1,271 Of which inventories and work-in-process measured: At cost 697 504 At net realizable value 771 768 1,467 1,271 All uranium inventories are recognized as inventories of finished goods. NOTE 17 TRADE ACCOUNTS RECEIVABLE AND RELATED ACCOUNTS (in millions of euros) December 31, 2025 December 31, 2024 Gross amount 840 989 Impairment (16) (16) NET CARRYING AMOUNT 824 973 BREAKDOWN OF TRADE ACCOUNTS RECEIVABLE AND RELATED ACCOUNTS (in millions of euros) Net amount Not yet due Of which due Less than 1 month 1 to 2 months 2 to 3 months 3 to 6 months Between 6 months and 1 year More than 1 year December 31, 2025 824 716 69 17 7 3 1 11 December 31, 2024 973 955 8 3 1 2 1 3 NOTE 18 CONTRACT ASSETS AND LIABILITIES CONTRACT ASSETS (in millions of euros) December 31, 2025 December 31, 2024 Contract assets 114 108 At December 31, 2025, contract assets included 23 million euros due in more than one year.
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