Orano - Annual Activity Report 2024 412 6 FINANCIAL STATEMENTS Company financial statements - financial year ended December 31, 2024 Market value of financial instruments The market value of financial instruments pertaining to currency and rates is calculated based on market data at the reporting date, using discounted future cash flows, or on prices provided by financial institutions. The use of different market assumptions could have a significant impact on the estimated market values. Liquidity risk The Financial Operations and Treasury Management Department is in charge of liquidity risk management and provides appropriate long-term and short-term financing. Cash management optimization is based on a centralized system to provide liquidity and manage cash surpluses. Management is provided by the Financial Operations and Treasury Management Department, chiefly through cash-pooling agreements and intragroup loans, subject to local regulations. Cash surpluses are managed to optimize financial returns while ensuring that the financial instruments used are liquid. The next significant maturity for the repayment of financial liabilities is April 23, 2026. It relates to the redemption of a bond for a nominal amount of 750 million euros. At December 31, 2024, Orano SA had a gross cash position of 1,823 million euros to meet its commitments and ensure the continuity of its operations over the longer term. Additionally, the group has a syndicated credit facility of 880 million euros with a pool of ten international banks. 7.3 Related parties The Company did not enter into any significant related-party transactions outside of normal market conditions, in accordance with the criteria set out below. A transaction is deemed significant if its omission or inaccuracy is likely to have an influence on economic decisions made by third parties who rely on the financial statements. Whether a transaction is significant or not depends on the nature and/or the amount of the transaction. Conditions may be considered “normal” when they are customarily applied by the Company in its dealings with third parties, such that the beneficiary of the transaction does not receive more favorable treatment than other third parties dealing with the Company, taking into account the practices of other companies in the same sector.
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