April – June 2025

• Net sales amounted to 0 (0) KSEK
• The operating result for the period was -836 (-2 391) KSEK
• The net result was -733 (-2 398) KSEK corresponding to earnings per share of -0,01 (-0.02) SEK
• Cash flow from operating activities amounted to -1 594 (-2 938) KSEK
• Cash and cash equivalents amounted to 2 350 (8 009) KSEK

January – June 2025

• Net sales amounted to 0 (0) KSEK
• The operating result for the period was -2 091 (-2 392) KSEK
• The net result was -2 044 (-2 404) KSEK corresponding to earnings per share of -0,01 (-0.02) SEK
• Cash flow from operating activities amounted to -2 333 (-3 002) KSEK

Significant events January – June 2025

• On April 2, the board of directors decided to cease further development of the project areas Nanodotax, Nanoimod
• and NOV 202.
• Taking into account the principle of prudence, the board of directors, decided on April 10 to write down the book values of all intangible assets in LIDDS and Noviga as of 2024-12-31. This decision resulted in a deviation for the annual report compared to the published year-end report for 2024.
• Due to the reasons to believe that the company’s equity was less than on-half of the registered share capital, the board of directors decided to prepare a balance sheet for liquidation purpose on April 22.
• The balance sheet for liquidation purpose prepared and reviewed by the company’s auditor showed that the equity was less than half of the registered share capital and therefore the board of directors decided on April 24 to call a first control meeting.
• At the annual general meeting, at the same time first control meeting, on May 28, it was decided that the company will continue its operations and not be liquidated.

CEO Statement

During the second quarter, the company has continued to focus on the commercialisation of the three projects Nanoimod, Nanodotax and NOV 202, as well as exploring interest in the company’s listing on First North. So far, these efforts have not yet resulted in any concrete successes.

The quarter has also been characterised by extensive work on finalising the annual report, holding the annual general meeting, and managing the situation where the company’s equity was found to be less than half of the share capital. Following the decision at the first control meeting to continue operations and not initiate liquidation, the company now has eight months before the question of potential liquidation needs to be reconsidered.

Mats Wiking
CEO and CFO

The interim report is available on the company’s website https://liddspharma.com/en/investors/financial-reports/