Schedule I - Condensed Financial Information of the Registrant

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information of the Registrant

Mirion Technologies, Inc. has no material assets or standalone operations other than its ownership in its consolidated subsidiaries. There are restrictions under credit agreements governing the 2021 Credit Agreement, described in Note 8, Borrowings, on the Company’s ability to obtain funds from any of its subsidiaries through dividends. Accordingly, the following condensed financial information is presented on a “Parent-only” basis in which Mirion Technologies, Inc.’s investments in its consolidated subsidiaries are presented under the equity method of accounting.

MIRION TECHNOLOGIES, INC.

(PARENT COMPANY ONLY)

CONDENSED BALANCE SHEET

(in millions)


	December 31, 2024		December 31, 2023
Assets:
Investments in Sub	$	1,558.8	$	1,604.4
Total Assets	$	1,558.8	$	1,604.4

Liabilities and Stockholders’ Equity:
Accrued expenses and other current liabilities	$	0.2	$	—
Warrant liabilities	—		55.3
Deferred income taxes and other liabilities	(0.5)		(0.9)
Total Liabilities	(0.3)		54.4
Treasury Stock	(3.2)		(1.3)
Additional paid-in capital	2,143.3		2,056.5
Accumulated deficit	(541.5)		(505.4)
Accumulated Other Comprehensive Loss	(93.0)		(65.3)
Mirion Technologies, Inc. stockholders’ equity	1,505.6		1,484.5
Noncontrolling interests	53.5		65.5
Total Stockholders’ Equity	1,559.1		1,550.0
Total Liabilities and Stockholders’ Equity	$	1,558.8	$	1,604.4

MIRION TECHNOLOGIES, INC.

(PARENT COMPANY ONLY)

CONDENSED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS

(in millions)


	Fiscal Year Ended December 31, 2024		Fiscal Year Ended December 31, 2023		Fiscal Year Ended December 31, 2022
Operating expenses:
Selling, general and administrative	$	16.6	$	22.5	$	31.2
Total operating expenses	16.6		22.5		31.2
Loss from operations	(16.6)		(22.5)		(31.2)
Other expense (income):
Increase (decrease) in fair value of warrant liabilities	5.3		24.8		(37.6)
Equity in net loss of subsidiaries	14.3		51.1		294.8
Other expense	—		0.3		—
Loss before benefit from income taxes	(36.2)		(98.7)		(288.4)
Benefit from income taxes	0.4		—		—
Net loss	(36.6)		(98.7)		(288.4)
Loss attributable to noncontrolling interests	(0.5)		(1.8)		(11.5)
Net loss attributable to Mirion Technologies, Inc. stockholders	(36.1)		(96.9)		(276.9)
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain, net of tax	—		(0.3)		4.9
Unrecognized actuarial gain (loss) and prior service benefit, net of tax	—		—		2.0
Other comprehensive loss (income), net of tax	—		(0.3)		2.9
Comprehensive loss attributable to Mirion Technologies, Inc. stockholders	$	(36.1)	$	(97.2)	$	(274.0)
Loss per share—basic and diluted	$	(0.18)	$	(0.49)	$	(1.53)
Weighted average number of shares outstanding—basic and diluted	204.991		196.369		181.149

A statement of cash flows has not been presented as the Mirion Technologies, Inc. parent company did not have any cash as of, or at any point in time during, the years ended December 31, 2024, December 31, 2023, or December 31, 2022.

Note to Condensed Financial Statements of Registrant (Parent Company Only)

Basis of Presentation

These condensed parent company-only financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of the subsidiaries of Mirion (as defined in Rule 4-08(e)(3) of Regulation S-X) exceed the specified threshold amount of the consolidated net assets of the Company. Because we have a consolidated accumulated deficit, the 25% threshold described in Rule 4-08 does not apply and any restrictions of net assets at our subsidiaries trigger the requirement to present parent company-only financial information. The ability of Mirion’s operating subsidiaries to pay dividends may be restricted due to the terms of the subsidiaries’ outstanding term loan and revolving credit facility borrowings as described in Note 8, Borrowings, to the audited consolidated financial statements.

These condensed parent company-only financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements, with the only exception being that the parent company accounts for its subsidiaries using the equity method. These condensed parent company-only financial statements should be read in conjunction with the consolidated financial statements and related notes.