Press Release: Santhera Announces Half Year 2025 -4-

Interim Consolidated Income Statement

In CHF thousands (except per share

data) Six months ended June 30,

2025 2024

(unaudited) (unaudited)

Net sales 11,577 6,563

Revenue from outlicensing transactions 6,548 6,262

Net sales to licensing partners 5,888 1,289

Revenue from contracts with customers 24,013 14,114

Cost of sales (32,123) (5,215)

Of which amortization intangible assets (2,491) (2,487)

Of which royalties payable (3,728) (962)

Of which milestones payable (20,490) -

Other operating income - 67

Development (11,693) (13,771)

Marketing and sales (6,804) (4,660)

General and administrative (8,837) (8,265)

Other operating expenses - (11)

Operating expenses (27,334) (26,707)

Operating result (35,444) (17,741)

Financial income 8,116 8,638

Financial expenses (11,429) (5,986)

Result before taxes (38,757) (15,089)

Income taxes (75) (174)

Net result (38,832) (15,263)

Basic and diluted net result per share

(in CHF) (3.04) (1.35)

Interim Consolidated Statement of Cash Flows

Six months ended June

In CHF thousands 30,

2025 2024

(unaudited) (unaudited)

Result before taxes (38,757) (15,089)

Depreciation and impairment of tangible assets 331 286

Amortization and impairment of intangible assets 2,507 2,487

Share-based compensation 2,335 2,590

Change in fair value of financial instruments, net (4,052) (4,263)

Change in pension liabilities 428 -

Reversal of current provisions - (106)

Income taxes paid - (91)

Change in contract liabilities (42) -

Change in net working capital 14,211 (1,887)

Financial result net of change in fair value of financial

instruments 4,408 1,042

Interest received 355 480

Interest paid (2,322) (732)

Net cash flow from/(used in) operating activities (20,598) (15,283)

Investments in tangible assets (71) -

Investments in intangible assets - (72)

Change in financial assets long-term - 82

Net cash flow from/(used in) investing activities (71) 10

Proceeds from exercise of equity rights 103 -

Repayments of royalty purchase liability (1,430) -

Payment of lease liabilities (290) (358)

Net cash flow from/(used in) financing activities (1,617) (358)

Effects of exchange rate changes on cash and cash

equivalents (242) 1,752

Net increase/(decrease) in cash and cash equivalents (22,528) (13,879)

Cash and cash equivalents at January 1 40,925 30,370

Cash and cash equivalents at June 30 18,397 16,491

Attachment

-- 250923 Santhera H1 Interim results_Final_10pm

https://ml-eu.globenewswire.com/Resource/Download/6195fc15-0d79-4f2b-b364-3bf0d48984b2

(END) Dow Jones Newswires

September 23, 2025 01:01 ET (05:01 GMT)