MREO: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

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

Cash Flow	2025-09-30	2025-06-30
Net loss	-34,527	-27,503
Share-based compensation	6,055	4,343
Depreciation	121	82
Amortization of intangible assets	41	224
Amortization of operating lease right-of-use assets	395	262
Change in fair value of warrants	-511	-315
Interest income	34	-
Non-cash interest expense	210	193
Foreign currency transaction loss	-6,218	-8,091
Other income	300	-
Prepaid expenses and other current assets	319	155
Research and development incentives receivable	-1,869	-208
Accounts payable	-1,825	-1,589
Accrued expenses and other liabilities	-133	540
Operating lease liabilities	-549	-361
Net cash used in operating activities	-23,289	-15,980
Payments for intangible assets	300	300
Purchase of property and equipment	20	20
Proceeds from out-licensing	300	-
Net cash used in investing activities	-20	-320
Proceeds from exercise of warrants	487	487
Proceeds from issuance of ordinary shares	0	0
Transaction costs on issuance of ordinary shares	199	199
Net cash provided by financing activities	288	288
(decrease)/increase in cash and cash equivalents	-23,021	-16,012
Cash and cash equivalents at beginning of period	69,802	-
Effect of exchange rate changes on cash	1,917	-
Cash and cash equivalents at end of period	48,698	-

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

MREO: the cashflow