Orano - Annual Activity Report 2025 50 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 financial year SUMMARY TABLE OF REVENUE BY REGION AND BY ACTIVITY (in millions of euros) 2025 2024 Change 2025/2024 France 3,141 2,853 +10.1% Mining 700 758 -7.6% Front End 551 506 +9.0% Back End 1,874 1,576 +18.9% Corporate and other operations 16 13 +19.6% Europe (excluding France) 364 431 -15.4% Mining 80 73 +8.8% Front End 120 186 -35.6% Back End 165 169 -2.4% Corporate and other operations - 3 -99.4% Americas 647 702 -7.8% Mining 203 201 +0.8% Front End 311 339 -8.3% Back End 105 140 -24.6% Corporate and other operations 28 22 +26.8% Asia 947 1,831 -48.3% Mining 475 420 +13.3% Front End 267 273 -2.0% Back End 204 1,138 -82.1% Corporate and other operations - - n/s Africa and Middle East 39 58 -32.1% Mining 34 50 -31.1% Front End - 3 -87.5% Back End 4 5 -4.0% Corporate and other operations - - n/s TOTAL 5,138 5,874 -12.5% n/s: not significant. 2.5.2 Consolidated financial statements for the past financial year The consolidated financial statements for the past financial year are shown in Section 6.1 of Chapter 6 Financial statements of this report. 2.5.2.1 Backlog (in millions of euros) 2025 2024 Change 2025/2024 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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