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)