LIDDS

July – September 2025

• Net sales amounted to 0 (0) KSEK
• The operating result for the period was -876 (-1,061) KSEK
• The net result was -891 (-877) KSEK corresponding to earnings
  per share of -0.01 (-0.01) SEK
• Cash flow from operating activities amounted to -617 (-1,448) KSEK
• Cash and cash equivalents amounted to 1,733 (6,552) KSEK

January – September 2025

• Net sales amounted to 0 (0) KSEK
• The operating result for the period was -2,967 (-3,453) KSEK
• The net result was -2,935 (-3,296) KSEK corresponding to earnings
  per share of -0.02 (-0.03) SEK
• Cash flow from operating activities amounted to -2,949 (-4,451) KSEK

Significant events January – September 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
The efforts to realise the value that LIDDS and the group possess have continued during the third quarter, but so far these efforts have not yet resulted in any concrete successes.

In order to enable the Company to present a new balance sheet for liquidation purposes at the second control meeting in January, where the share capital is restored, the Board has convened an extraordinary general meeting in December to decide on reducing the share capital to 500 KSEK.

Mats Wiking
CEO and CFO

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