MREO: the cash flow

MyFinsight

For the year ending 2025-12-31, MREO had -$30,664K decrease in cash & cash equivalents over the period. -$30,991K in free cash flow.

Cash Flow	2025-12-31
Net loss	-41,878
Share-based compensation	7,598
Depreciation	157
Amortization of intangible assets	465
Amortization of operating lease right-of-use assets	527
Change in fair value of warrants	-805
Non-cash interest income	104
Non-cash interest expense	228
Foreign currency transaction loss/(gain)	-6,344
Other income	300
Non-cash consideration, milestone payment	0
Prepaid expenses and other current assets	84
Research and development incentives receivable	-1,396
Accounts payable	-1,378
Accrued expenses and other liabilities	-2,394
Operating lease liabilities	-743
Net cash used in operating activities	-30,971
Purchase of intangible assets	300
Purchase of property and equipment	20
Proceeds from out-licensing	300
Net cash used in investing activities	-20
Proceeds from exercise of warrants	487
Proceeds from issuance of ordinary shares	39
Transaction costs on issuance of ordinary shares	199
Net cash provided by financing activities	327
(decrease)/increase in cash and cash equivalents	-30,664
Cash and cash equivalents at january 1	69,802
Effect of exchange rate changes	1,854
Cash and cash equivalents at december 31	40,992

Unit: Thousand (K) dollars (except for numbers of shares and EPS).