Orano - Annual Activity Report 2024 388 6 STATEMENTS Statutory Auditors’ report on the consolidated financial statements for the financial year ended December 31, 2024 ● recalculating income to be recognized with respect to the balance of past commitments from historical contracts and their state of completion at the date the new agreements are signed; ● assessing the reasonableness of the main assumptions underlying the estimates of future waste treatment costs by carrying out the processes described in our response to the key audit matter concerning provisions for end-of-cycle operations and provisions for work yet to be carried out, which are detailed above; ● assessing the nature of the storage of packaged waste, the cleaning and transport packaging storage as well as the reasonableness of the key assumptions used in management’s evaluation thereof, in particular by comparison with historical services of the same nature; ● recalculating income to be recognized with respect to the exchange transaction; ● verifying by consistency with the state of completion used when revenue is progressively recognized by costs incurred. Lastly, we verified the presentation of the impact in the Group consolidated financial statements and the appropriateness of the disclosures in the notes to the consolidated financial statements. Specific verifications As required by legal and regulatory provisions and in accordance with professional standards applicable in France, we have also performed the specific verifications on the information pertaining to the Group presented in the Board of Directors’ management report. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. Other verifications and information pursuant to legal and regulatory requirements Appointment of the Statutory Auditors We were appointed Statutory Auditors of Orano by the Annual General Meeting of May 24, 2018. At December 31, 2024, PricewaterhouseCoopers Audit and KPMG SA were in the seventh consecutive year of their engagement. Responsibilities of management and those charged with governance for the consolidated financial statements Management is responsible for preparing consolidated financial statements giving a true and fair view in accordance with International Financial Reporting Standards as adopted by the European Union and for implementing the internal control procedures it deems necessary for the preparation of consolidated financial statements that are free of material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting, unless it expects to liquidate the Company or to cease operations. The Audit and Ethics Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risk management systems, as well as, where applicable, any internal audit systems, relating to accounting and financial reporting procedures. The consolidated financial statements were approved by the Board of Directors. Responsibilities of the Statutory Auditors relating to the audit of the consolidated financial statements Objective and audit approach Our role is to issue a report on the consolidated financial statements. Our objective is to obtain reasonable assurance about whether the consolidated financial statements as a whole are free of material misstatement. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions taken by users on the basis of these consolidated financial statements. As specified in Article L.821-55 of the French Commercial Code, our audit does not include assurance on the viability or quality of the Company’s management.
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