ORANO // Annual Activity Report 2024

Orano - Annual Activity Report 2024 23 CHAPTER SITUATION AND ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES DURING THE PAST FINANCIAL YEAR 2 2.1 Highlights of the financial year 24 2.1.1 Capital increase of Orano SA subscribed by the French State 24 2.1.2 Business highlights 24 2.2 Simplified group organization chart – subsidiaries, equity interests and branch offices 29 2.2.1 Simplified group organization chart at December 31, 2024 29 2.2.2 Acquisitions of equity interests and takeovers during the past financial year 30 2.2.3 Branch offices and representation offices 30 2.3 The group’s businesses 31 2.3.1 Mining 31 2.3.2 Front End 38 2.3.3 Back End 39 2.3.4 Other activities of Orano 44 2.4 Research and Development activities 46 2.5 Financial situation of the Company and the group during the past financial year 47 2.5.1 Summary of key figures and segment information 47 2.5.2 Consolidated financial statements for the past financial year 49 2.5.3 Separate financial statements for the past financial year 56 2.5.4 Dividends 56 2.5.5 Non-tax deductible expenses 56 2.6 Foreseeable developments and future prospects 57 2.6.1 Future prospects 57 2.6.2 Orano’s financial outlook 59 2.7 Significant post-closing events 59 2.7.1 Significant events between the reporting date and the preparation date of the management report 59 2.7.2 Significant events between the preparation date of the report and the date of the General Meeting 59

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