Mirion Announces Fourth Quarter and Full Year 2025 Financial Results; Provides Full Year 2026 Guidance (Form 8-K)

Mirion Announces Fourth Quarter and Full Year 2025 Financial Results;
Provides Full Year 2026 Guidance

•Revenues for the fourth quarter increased 9.1% to $277.4 million, compared to $254.3 million in the same period in 2024.

•GAAP net income was $17.8 million in the fourth quarter, compared to a GAAP net income of $15.9 million in the same period in 2024, an 11.9% improvement. Adjusted EBITDA was $77.6 million, an 11.5% increase from $69.6 million in the same period in 2024.

•GAAP net earnings per share in the fourth quarter was $0.07, compared to a GAAP net earnings per share of $0.07 in 2024. Adjusted earnings per share for the quarter was $0.15, compared to $0.17 in the same period in 2024.

•The company announced its full year 2026 guidance for revenue growth, Organic Revenue growth, Adjusted EBITDA, Adjusted Free Cash Flow, and Adjusted Earnings per Share.

◦Total Revenue growth rate is expected to be between 22.0% and 24.0%.

◦Organic Revenue growth rate is expected to be between 5.0% and 7.0%.

◦Adjusted EBITDA is expected to be between $285 million and $300 million.

◦Adjusted Free Cash Flow is expected to be between $155 and $175 million.

◦Adjusted Earnings per Share is expected to be between $0.50 and $0.57 per share, now including stock-based compensation.

Atlanta, GA - February 10, 2026 - Mirion ("we" or the "company") (NYSE: MIR), a global provider of radiation detection, measurement, analysis, and monitoring solutions to the nuclear, medical, defense, and research end markets, today announced results for the fourth quarter and full year ended December 31, 2025.

"Mirion concluded another successful year, highlighted by record orders, strong tailwinds from key strategic end-markets, and a broadening nuclear power portfolio," commented Mirion's Chairman and Chief Executive Officer Thomas Logan. "In addition, we delivered on our Adjusted EBITDA and our Adjusted Free Cash Flow targets."

Logan continued, "We booked over $1 billion of orders in 2025, including approximately $150 million from the large opportunity pipeline previously foreshadowed. Importantly, these orders reflect growth from all three Nuclear Power verticals: new utility scale reactors, the installed base, and small modular reactors. We continue to expect meaningful order growth in 2026, including full-year contributions from Paragon Energy Solutions and Certrec."

2026 Guidance

Commenting on Mirion's full year 2026 guidance, Logan said, "2026 guidance reflects strong market fundamentals supporting growing revenue, expanding margins, and enhancing Adjusted Free Cash Flow generation."

Mirion has provided the following guidance for the fiscal year ending December 31, 2026.

•Revenue growth of approximately 22.0% - 24.0%; includes a foreign exchange rate and acquisition-related tailwinds

•Organic Revenue growth of approximately 5.0% - 7.0%

•Adjusted EBITDA of approximately $285 million - $300 million; Adjusted EBITDA margin of approximately 25.0% - 26.0%

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•Adjusted Free Cash Flow of approximately $155 million - $175 million; Adjusted Free Cash Flow Conversion of approximately 54% - 58% of Adjusted EBITDA

•Adjusted EPS of approximately $0.50 - $0.57 per share; now including stock-based compensation

Additional modeling and guidance assumptions are included in the earnings presentation on the Company's investor relations page.

The Company's guidance contains forward-looking statements and actual results may differ materially as a result of known and unknown uncertainties and risks, including those set forth below under the heading "Forward-Looking Statements." In addition, forward-looking non-GAAP financial measures are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in projecting and quantifying the various adjusting items necessary for such reconciliations, such as stock-based compensation expense, amortization and depreciation expense, merger and acquisition activity and purchase accounting adjustments, that have not yet occurred, are out of Mirion's control, or cannot be reasonably predicted. Accordingly, reconciliations of our guidance for organic revenue growth, adjusted EBITDA, adjusted EPS, adjusted free cash flow and adjusted free cash flow conversion are not available without unreasonable effort.

Conference Call

Mirion will host a conference call tomorrow, February 11, 2026 at 11:00 a.m. ET to discuss its financial results. Participants may access the call by dialing 1-877-407-9208 or 1-201-493-6784, and requesting to join the Mirion Technologies, Inc. earnings call. A live webcast will also be available at https://ir.mirion.com/news-events.

A telephonic replay will be available shortly after the conclusion of the call and until February 25, 2026. Participants may access the replay at 1-844-512-2921 or 1-412-317-6671, and enter access code 13758322. An archived replay of the call and an accompanying presentation will also be available on the Investors section of the Mirion website at https://ir.mirion.com/.

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