Orano - Annual Activity Report 2024 54 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 2.5.2.4 Items from the statement of financial position CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (in millions of euros) December 31, 2024 December 31, 2023 Net goodwill 1,348 1,294 Property, plant and equipment and intangible assets 10,661 10,211 End-of-lifecycle assets 8,453 8,170 Operating working capital requirement – assets 2,881 3,051 Net cash 1,273 1,278 Deferred tax assets 207 97 Other assets 982 497 TOTAL ASSETS 25,805 24,599 Equity and non-controlling interests 2,736 1,937 Employee benefits 528 514 Provisions for end-of-lifecycle operations 9,059 8,508 Other current and non-current provisions 2,712 2,776 Operating working capital requirement – liabilities 7,352 7,338 Financial liabilities 2,722 2,961 Other liabilities 695 566 TOTAL LIABILITIES 25,805 24,599 Non-current assets Net goodwill Net goodwill rose from 1,294 million euros at December 31, 2023 to 1,348 million euros at December 31, 2024, a 54 million euro increase. Net property, plant and equipment and intangible assets Net property, plant and equipment and intangible assets increased from 10,211 million euros at December 31, 2023 to 10,661 million euros at December 31, 2024. Operating working capital requirement The group’s operating working capital requirement (operating WCR) was negative (i.e., a surplus of funds) at -4,471 million euros at December 31, 2024, compared with -4,287 million euros at December 31, 2023. Cash and borrowings At December 31, 2024, Orano held 1.3 billion euros in cash, plus 0.7 billion euros of cash management current financial assets. This cash position of 2 billion euros is strengthened by a syndicated credit facility, confirmed and undrawn, for 880 million euros maturing at the end of May 2029. The group’s net financial debt totaled 0.78 billion euros at December 31, 2024, compared with 1.48 billion euros at December 31, 2023. RECONCILIATION TABLE BETWEEN CASH FROM THE STATEMENT OF CASH FLOWS AND NET CASH (DEBT) IN THE STATEMENT OF FINANCIAL POSITION (in millions of euros) 2024 2023 Change 2024/2023 Net cash per statement of cash flows 1,252 1,230 +22 Short-term bank facilities and current accounts in credit 21 49 -28 Net cash from operations held for sale 0 0 0 Financial instruments, margin calls and collateral, cash management financial assets 674 205 +469 Financial liabilities (2,722) (2,962) +240 NET CASH (NET DEBT) (775) (1,479) +704
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