BioLineRx Reports 2025 Financial Results and Provides Corporate Update
Rhea-AI Summary
BioLineRx (NASDAQ: BLRX) reported audited 2025 results and corporate updates on March 23, 2026. Key highlights: $20.9 million cash on hand supporting a runway into H1 2027; net loss $2.0 million in 2025 versus $9.2 million in 2024; USPTO Notice of Allowance for a GLIX1 patent extending protection to 2040 (plus possible extension).
The company expects to initiate a Phase 1/2a GLIX1 glioblastoma trial by month-end, with Phase 1 data targeted in H1 2027; motixafortide interim analysis in mPDAC is anticipated in 2026.
Positive
- Cash balance of $20.9 million provides runway into first half of 2027
- Net loss narrowed to $2.0 million in 2025 from $9.2 million in 2024
- USPTO Notice of Allowance for GLIX1 patent extends protection through 2040
- GLIX1 Phase 1/2a glioblastoma trial initiation expected by end of March 2026
- APHEXDA full‑year 2025 sales of $6.7 million produced $1.2 million royalties
Negative
- Total revenues fell to $1.2 million in 2025 after prior upfront and milestone receipts
- U.S. commercial operations shutdown left zero sales and marketing expenses in 2025
- Cash runway only covers operations into H1 2027 without new financing
News Market Reaction – BLRX
On the day this news was published, BLRX declined 12.45%, reflecting a significant negative market reaction. Argus tracked a trough of -9.5% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $11M at that time. Trading volume was exceptionally heavy at 5.6x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BLRX was down 2.19% while biotech peers showed mixed moves: EDSA +3.23%, THAR +5.8%, PRTG -10.39%, MTVA -5.37% in sector snapshot, with only MTVA later flagged on a momentum scan at +4.96% and no related news. This pattern points to stock-specific dynamics rather than a coordinated sector trend.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 24 | Q3 2025 earnings | Positive | +7.7% | GLIX1 JV, key patent allowance, cash runway and APHEXDA royalties update. |
| Aug 14 | Q2 2025 earnings | Positive | -4.3% | APHEXDA royalty revenues, cash runway and encouraging pancreatic cancer data. |
| May 27 | Q1 2025 earnings | Positive | +0.6% | Net income, financing, reduced expenses and ongoing APHEXDA-driven royalties. |
| Mar 31 | 2024 annual results | Positive | -3.0% | Transformational APHEXDA license, revenue surge and large loss reduction. |
| Nov 25 | Q3 2024 earnings | Neutral | -2.3% | Ayrmid license, equity raise and debt restructuring with ongoing net loss. |
Across 5 recent earnings-related releases, BLRX showed a mixed reaction pattern with an average move of -0.26%, alternating between strong positive and negative responses to fundamentally constructive updates.
Over the past year, BLRX’s earnings releases have consistently paired financial updates with pipeline progress. Prior reports highlighted APHEXDA royalties, significant operating expense reductions, and an extended cash runway into H1 2027, alongside clinical advances in the CheMo4METPANC pancreatic cancer trial and SCD gene therapy studies. The Q3 2025 update introduced the GLIX1 joint venture and strengthened IP into 2040+. Today’s 2025 annual results continue this pattern, combining leaner operations, a narrower net loss, and GLIX1 entering first-in-human testing.
Historical Comparison
Past 5 earnings updates saw an average move of -0.26% despite frequent positive cash and pipeline news. Today’s annual results similarly blend tighter losses with GLIX1 and motixafortide progress.
Earnings releases have tracked a shift from APHEXDA-heavy commercial figures toward a leaner R&D model focused on GLIX1 in glioblastoma and ongoing CheMo4METPANC and SCD gene-therapy studies.
Market Pulse Summary
The stock dropped -12.4% in the session following this news. A negative reaction despite improved 2025 loss of $2.0M and cash of $20.9M would fit BLRX’s history of mixed responses to earnings, where the average move has been -0.26%. The market may focus on lower reported revenues versus 2024 and the transition away from in-house APHEXDA sales. Future sentiment could hinge on execution of the GLIX1 Phase 1/2a trial and progress in the CheMo4METPANC study.
Key Terms
phase 1/2a medical
glioblastoma medical
dna damage response medical
blood-brain-barrier medical
cytidine deaminase (cda) medical
parp inhibitors medical
progression-free survival (pfs) medical
hematopoietic stem cell (hsc) medical
AI-generated analysis. Not financial advice.
- On track to initiate Phase 1/2a clinical trial of GLIX1 for treatment of glioblastoma (GBM) by end of this month -
- GLIX1 is positioned to potentially address unmet needs for novel and more effective cancer treatments by targeting DNA damage response mechanisms -
- Management to host conference call today, March 23, at 8:30 am EDT -
"Since our last quarterly update, we have been working diligently to move forward with a Phase 1/2a first-in-human clinical trial of GLIX1 in glioblastoma, and I am pleased to report that we expect to initiate the study by the end of this month, with the commencement of patient enrollment shortly thereafter," stated Philip Serlin, Chief Executive Officer of BioLineRx. "GLIX1, the lead asset that we acquired through our collaboration with Hemispherian, is a unique molecule with a novel mechanism of action that targets the DNA repair mechanism in cancer cells and has demonstrated compelling efficacy in numerous pre-clinical models, excellent blood-brain-barrier penetration and a favorable safety profile in toxicology studies. We are eager to establish the safety, recommended dose and proof-of-concept in order to advance this promising candidate through an efficient development pathway.
"In parallel, we continue to conduct pre-clinical activities in support of further development of GLIX1 in additional cancer indications with high unmet needs, and, separately, we are also conducting studies to further investigate and affirm the potential synergistic effect of GLIX1 in combination with PARP inhibitors, as we work to maximize the value of the GLIX1 opportunity.
"In metastatic pancreatic cancer, enrollment has accelerated in the ongoing CheMo4METPANC Phase 2b clinical trial of motixafortide, which is being led by Columbia University and supported by both Regeneron and BioLineRx, and we continue to anticipate that a prespecified interim/futility analysis will read out in 2026. We believe PDAC represents another opportunity to introduce a much-needed new treatment option to patients suffering from a very challenging tumor type, while creating sustained value for our company," Mr. Serlin concluded.
Corporate Updates
- Announced that it has received Notice of Allowance from the
U.S. Patent and Trademark Office (USPTO) for a key patent covering GLIX1 for cancers in which cytidine deaminase (CDA) is not over-expressed beyond a specific threshold, estimated to be90% of all cancers.- Patent preserves BioLineRx's ability to evaluate GLIX1 in other cancers beyond glioblastoma, including both hematological and solid tumor cancer types.
- Patent further broadens and strengthens GLIX1's patent protection until 2040, with a possible patent-term extension of up to five years.
Financial Updates
- With
$20.9 million
Clinical Updates
GLIX1
- On track to initiate a Phase 1/2a clinical trial of GLIX1 in glioblastoma by the end of the month.
- Three renowned academic centers are planned to participate in this clinical trial: Northwestern University, led by Dr. Roger Stupp and Dr. Ditte Primdahl, NYU Langone Health, led by Dr. Alexandra M. Miller and Moffit Cancer Center, led by Dr. Patrick Grogan.
- The Phase 1 part of the trial is expected to recruit up to 30 patients with recurrent and progressive GBM and other high-grade gliomas. The objective is to establish a maximum tolerated dose (MTD) and/or a recommended dose based on safety, PK/PD and preliminary efficacy. Data from the Phase 1 part of the trial are anticipated in H1 2027.
- The Phase 2a expansion part of the trial is planned to include various population cohorts, including GBM (newly diagnosed and/or recurrent), as well as additional cancers with/without standard of care (e.g., PARP inhibitors). These cohorts are expected to identify preliminary efficacy, PD assessments and dose optimization data, serving as the basis for rapid and effective advanced clinical development.
- Pre-clinical activities in support of clinical development for GLIX1 in additional cancer indications are ongoing.
Motixafortide
Pancreatic Ductal Adenocarcinoma (mPDAC)
- Enrollment has accelerated in the CheMo4METPANC Phase 2b clinical trial, which is being led by Columbia University, and supported by both Regeneron and BioLineRx. The trial is evaluating motixafortide in combination with the PD-1 inhibitor cemiplimab and standard chemotherapy (gemcitabine and nab-paclitaxel).
- A prespecified interim/futility analysis is planned when
40% of progression-free survival (PFS) events are observed, which the Company continues to anticipate will occur in 2026.
- A prespecified interim/futility analysis is planned when
Sickle Cell Disease (SCD) & Gene Therapy
- Announced that a poster featuring final results from a Phase 1 clinical trial (NCT05618301) evaluating motixafortide as monotherapy and in combination with natalizumab for CD34+ hematopoietic stem cell (HSC) mobilization for gene therapies in sickle cell disease (SCD) was presented at the 67th American Society of Hematology (ASH) Annual Meeting & Exposition in December.
- A second SCD study, sponsored by St. Jude Children's Research Hospital, continues to enroll patients. The study is a multi-center Phase 1 clinical trial evaluating motixafortide for the mobilization of CD34+ HSCs for gene therapies for patients with SCD (NCT06442761).
APHEXDA Performance Update
- For the full-year 2025, APHEXDA sales were
$6.7 million $1.2 million
Financial Results for the Year ended December 31, 2025
- Revenues for the year ended December 31, 2025 were
$1.2 million U.S. Total revenues in 2025 are not comparable to the same period in 2024, which primarily reflect a portion of the up-front payment received by the Company under the Gloria License Agreement and a milestone payment achieved under the Gloria License Agreement, which collectively amounted to$15.0 million $6.0 million the United States . - Cost of revenues for the year ended December 31, 2025 were
$0.2 million $9.3 million U.S. The cost of revenues in 2024 primarily reflects the amortization of intangible assets, sub-license fees on the up-front payment received for the Ayrmid License Agreement, sub-license fees accrued on a milestone payment recorded under the Gloria License Agreement, as well as royalties on net product sales of APHEXDA in theU.S. and cost of goods sold on product sales. - Research and development expenses for the year ended December 31, 2025 were
$8.1 million $1.1 million 11.5% , compared to$9.2 million U.S. rights to Ayrmid, as well as a decrease in payroll and share-based compensation, primarily due to a decrease in headcount, offset by expenses related to initiation of the GLIX1 project. - There were no sales and marketing expenses for the year ended December 31, 2025, compared to
$23.6 million U.S. commercial operations in the fourth quarter of 2024 following the Ayrmid license agreement. - General and administrative expenses for the year ended December 31, 2025 were
$3.1 million $3.2 million 50.3% , compared to$6.3 million - Non-operating income (expenses) for the years ended December 31, 2025 and 2024 primarily relate to fair-value adjustments of warrant liabilities on the Company's balance sheet, as a result of changes in its share price, offset by warrant offering expenses.
- Net financial income for the year ended December 31, 2025 was
$0.2 million $7.3 million U.S. dollar during the period, partially offset by interest paid on loans. Net financial expenses for 2024 primarily relate to interest paid on loans, which increased in 2024 due to a one-time$4.0 million - Net loss for the year ended December 31, 2025 was
$2.0 million $9.2 million - As of December 31, 2025, the Company had cash, cash equivalents, and short-term bank deposits of
$20.9 million
A copy of the Company's annual report on Form 20-F for the year ended December 31, 2025 has been filed with the
Conference Call and Webcast Information
To access the conference call, please dial +1-888-281-1167 from the U.S. or +972-3-918-0685 internationally. A live webcast and a replay of the call can be accessed through the event page on the Company's website. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast. The call replay will be available approximately two hours after completion of the live conference call. A dial-in replay of the call will be available until March 25, 2026; please dial +1-888-295-2634 from the US or +972-3-925-5904 internationally.
About BioLineRx
BioLineRx Ltd. (NASDAQ: BLRX) (TASE: BLRX) is a biopharmaceutical company pursuing life-changing therapies in oncology and rare diseases. The Company's lead development asset is GLIX1, a first-in-class, oral, small molecule targeting DNA damage response in glioblastoma and other solid tumors, for which a Phase 1/2a clinical trial is expected to initiate in the first quarter of 2026. GLIX1 is being developed under a collaboration with Hemispherian AS.
The Company's first approved product, APHEXDA® (motixafortide), is indicated in the U.S. for stem cell mobilization for autologous transplantation in multiple myeloma, and is being commercialized by Ayrmid Ltd. (globally, except Asia) and developed by Gloria Biosciences (in Asia). BioLineRx has retained the rights to develop motixafortide in solid tumors, including metastatic pancreatic cancer (PDAC), and has a Phase 2b PDAC trial currently ongoing under a collaboration with Columbia University.
Learn more about who we are, what we do, and how we do it at www.biolinerx.com, or on LinkedIn.
Forward Looking Statement
Various statements in this release concerning BioLineRx's future expectations constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," and "would," and describe opinions about future events. These include statements regarding management's expectations, beliefs and intentions regarding, among other things, the expectations with regard to clinical trials of motixafortide and GLIX1, expected timing of clinical readouts, the expected cash runway, and BioLineRx's business strategy. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of BioLineRx to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause BioLineRx's actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the clinical development, commercialization and market acceptance of GLIX1 and motixafortide including the degree and pace of market uptake of APHEXDA for the mobilization of hematopoietic stem cells for autologous transplantation in multiple myeloma patients; the initiation, timing, progress and results of BioLineRx's preclinical studies, clinical trials and other therapeutic candidate development efforts; BioLineRx's ability to advance GLIX1 and motixafortide into clinical trials or to successfully complete its preclinical studies or clinical trials; whether the clinical trial results for GLIX1 and motixafortide will be predictive of real-world results; BioLineRx's receipt of regulatory approvals for GLIX1 and motixafortide and the timing of other regulatory filings and approvals; whether access to GLIX1 and motixafortide is achieved in a commercially viable manner and whether GLIX1 and motixafortide receives adequate reimbursement from third-party payors; BioLineRx's ability to establish, manage, and maintain corporate collaborations, as well as the ability of BioLineRx's collaborators to execute on their development and commercialization plans; BioLineRx's ability to integrate new therapeutic candidates and new personnel, as well as new collaborations; the interpretation of the properties and characteristics of BioLineRx's therapeutic candidates and of the results obtained with its therapeutic candidates in preclinical studies or clinical trials; the implementation of BioLineRx's business model and strategic plans for its business and therapeutic candidates; the scope of protection that BioLineRx's is able to establish and maintain for intellectual property rights covering its therapeutic candidates and its ability to operate its business without infringing the intellectual property rights of others; estimates of BioLineRx's expenses, future revenues, capital requirements and its need for and ability to access sufficient additional financing; risks related to changes in healthcare laws, rules and regulations in
Contacts:
Irina Koffler
LifeSci Advisors, LLC
IR@biolinerx.com
Moran Meir
LifeSci Advisors, LLC
moran@lifesciadvisors.com
BioLineRx Ltd. | |||
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||
December 31, | |||
2024 | 2025 | ||
in USD thousands | |||
Assets | |||
CURRENT ASSETS | |||
Cash and cash equivalents | 10,436 | 3,250 | |
Short-term bank deposits | 9,126 | 17,626 | |
Trade receivables | 2,476 | 46 | |
Prepaid expenses | 443 | 201 | |
Other receivables | 1,478 | 410 | |
Inventory | 3,145 | 2,148 | |
Total current assets | 27,104 | 23,681 | |
NON-CURRENT ASSETS | |||
Property and equipment, net | 386 | 160 | |
Right-of-use assets, net | 967 | 696 | |
Intangible assets, net | 10,449 | 16,368 | |
Total non-current assets | 11,802 | 17,224 | |
Total assets | 38,906 | 40,905 | |
Liabilities and equity | |||
CURRENT LIABILITIES | |||
Current maturities of long-term loan | 4,479 | 4,479 | |
Accounts payable and accruals: | |||
Trade | 5,583 | 3,493 | |
Other | 3,131 | 1,743 | |
Current maturities of lease liabilities | 522 | 234 | |
Warrants | 1,691 | 2,174 | |
Total current liabilities | 15,406 | 12,123 | |
NON-CURRENT LIABILITIES | |||
Long-term loan, net of current maturities | 8,958 | 4,460 | |
Lease liabilities | 1,081 | 977 | |
Total non-current liabilities | 10,039 | 5,437 | |
COMMITMENTS AND CONTINGENT LIABILITIES | |||
Total liabilities | 25,445 | 17,560 | |
EQUITY | |||
Equity attributable to owners of the Company: | |||
Ordinary shares | 38,097 | 73,428 | |
Share premium | 353,693 | 327,584 | |
Warrants | 5,367 | 3,686 | |
Capital reserve | 17,547 | 15,916 | |
Other comprehensive loss | (1,416) | (1,416) | |
Accumulated deficit | (399,827) | (401,002) | |
Total equity attributable to owners of the Company | 13,461 | 18,196 | |
Non-controlling interest | - | 5,149 | |
Total equity | 13,461 | 23,345 | |
Total liabilities and equity | 38,906 | 40,905 | |
BioLineRx Ltd. | |||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | |||||
Year ended December 31, | |||||
2023 | 2024 | 2025 | |||
in USD thousands | |||||
REVENUES: | |||||
License revenues | 4,610 | 22,917 | 1,180 | ||
Product sales, net | 190 | 6,023 | - | ||
Total revenues | 4,800 | 28,940 | 1,180 | ||
COST OF REVENUES | (3,692) | (9,263) | (230) | ||
GROSS PROFIT | 1,108 | 19,677 | 950 | ||
RESEARCH AND DEVELOPMENT EXPENSES | (12,519) | (9,149) | (8,093) | ||
SALES AND MARKETING EXPENSES | (25,270) | (23,605) | - | ||
GENERAL AND ADMINISTRATIVE EXPENSES | (6,310) | (6,321) | (3,144) | ||
IMPAIRMENT OF INTANGIBLE ASSETS | (6,703) | (1,010) | - | ||
OPERATING LOSS | (49,694) | (20,408) | (10,287) | ||
NON-OPERATING INCOME (EXPENSES), NET | (10,819) | 18,435 | 8,077 | ||
FINANCIAL INCOME | 2,068 | 1,871 | 1,464 | ||
FINANCIAL EXPENSES | (2,169) | (9,119) | (1,280) | ||
LOSS AND COMPREHENSIVE LOSS | (60,614) | (9,221) | (2,026) | ||
ATTRIBUTION OF LOSS AND COMPREHENSIVE LOSS | |||||
To owners of the Company | (60,614) | (9,221) | (1,175) | ||
To non-controlling interests | - | - | (851) | ||
(60,614) | (9,221) | (2,026) | |||
in USD | |||||
LOSS PER ORDINARY SHARE – BASIC AND DILUTED ATTRIBUTABLE TO OWNERS OF THE COMPANY | (0.06) | (0.01) | (0.00) | ||
WEIGHTED AVERAGE NUMBER OF SHARES USED IN CALCULATION OF BASIC AND DILUTED LOSS PER ORDINARY SHARE | 963,365,525 | 1,198,107,761 | 2,465,272,604 | ||
BioLineRx Ltd. | ||||||||||
STATEMENTS OF CHANGES IN EQUITY | ||||||||||
Equity attributable to owners of the Company | ||||||||||
Ordinary shares |
Share premium |
Warrants |
Capital reserve | Other comprehensive |
Accumulated deficit | Non- controlling interest |
Total | |||
in shares 000's | in USD thousands | |||||||||
BALANCE AT JANUARY 1, 2023 | 922,959 | 27,100 | 338,976 | 1,408 | 14,765 | (1,416) | (329,992) | - | 50,841 | |
CHANGES IN 2023: | ||||||||||
Issuance of share capital, net | 124,955 | 3,242 | 10,847 | - | - | - | - | - | 14,089 | |
Warrants exercised | 38,182 | 1,000 | 5,559 | - | - | - | - | - | 6,559 | |
Employee stock options exercised | 493 | 13 | 45 | - | (31) | - | - | - | 27 | |
Employee stock options expired | - | - | 55 | - | (55) | - | - | - | - | |
Share-based compensation | - | - | - | - | 2,321 | - | - | - | 2,321 | |
Comprehensive loss for the year | - | - | - | - | - | - | (60,614) | - | (60,614) | |
BALANCE AT DECEMBER 31, 2023 | 1,086,589 | 31,355 | 355,482 | 1,408 | 17,000 | (1,416) | (390,606) | - | 13,223 | |
CHANGES IN 2024: | ||||||||||
Issuance of share capital, pre-funded warrants and warrants, net | 174,322 |
4,712 |
(3,060) |
6,650 |
- |
- |
- |
- |
8,302 | |
Pre-funded warrants exercised | 74,989 | 2,009 | 682 | (2,691) | - | - | - | - | - | |
Employee stock options exercised | 770 | 21 | 50 | - | (49) | - | - | - | 22 | |
Employee stock options expired | - | - | 539 | - | (539) | - | - | - | - | |
Share-based compensation | - | - | - | - | 1,135 | - | - | - | 1,135 | |
Comprehensive loss for the year | - | - | - | - | - | - | (9,221) | - | (9,221) | |
BALANCE AT DECEMBER 31, 2024 | 1,336,670 | 38,097 | 353,693 | 5,367 | 17,547 | (1,416) | (399,827) | - | 13,461 | |
CHANGES IN 2025: | ||||||||||
Issuance of share capital, pre-funded warrants and warrants, net | 978,340 | 27,273 | (22,260) | 501 | - | - | - | - | 5,514 | |
Pre-funded warrants exercised | 295,804 | 8,058 | (5,876) | (2,182) | - | - | - | - | - | |
Employee stock options expired | - | - | 2,027 | - | (2,027) | - | - | - | - | |
Share-based compensation | - | - | - | - | 396 | - | - | - | 396 | |
Non-controlling interest | - | - | - | - | - | - | - | 6,000 | 6,000 | |
Comprehensive loss for the year | - | - | - | - | - | - | (1,175) | (851) | (2,026) | |
BALANCE AT DECEMBER 31, 2025 | 2,610,814 | 73,428 | 327,584 | 3,686 | 15,916 | (1,416) | (401,002) | 5,149 | 23,345 | |
BioLineRx Ltd. | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Year ended December 31, | |||
2023 | 2024 | 2025 | |
in USD thousands | |||
CASH FLOWS - OPERATING ACTIVITIES | |||
Loss | (60,614) | (9,221) | (2,026) |
Adjustments required to reflect net cash used in operating activities (see appendix below) | 38,006 | (34,652) | (6,048) |
Net cash used in operating activities | (22,608) | (43,873) | (8,074) |
CASH FLOWS - INVESTING ACTIVITIES | |||
Investments in short-term deposits | (47,588) | (26,350) | (36,644) |
Maturities of short-term deposits | 49,329 | 55,778 | 28,126 |
Purchase of property and equipment | (116) | (53) | (25) |
Purchase of intangible assets | (181) | (1) | (2) |
Net cash provided by (used in) investing activities | 1,444 | 29,374 | (8,545) |
CASH FLOWS - FINANCING ACTIVITIES | |||
Issuance of share capital, pre-funded warrants and warrants, net of issuance costs | 14,089 | 16,357 | 13,894 |
Exercise of warrants | 2,928 | - | - |
Employee stock options exercised | 27 | 22 | - |
Proceeds from long-term loan, net of issuance costs | - | 19,223 | - |
Repayments of loan | (1,543) | (14,433) | (4,498) |
Repayments of lease liabilities | (445) | (511) | (512) |
Net cash provided by financing activities | 15,056 | 20,658 | 8,884 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (6,108) | 6,159 | (7,735) |
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR | 10,587 | 4,255 | 10,436 |
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | (224) | 22 | 549 |
CASH AND CASH EQUIVALENTS - END OF YEAR | 4,255 | 10,436 | 3,250 |
BioLineRx Ltd. | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Year ended December 31, | |||
2023 | 2024 | 2025 | |
in USD thousands | |||
APPENDIX | |||
Adjustments required to reflect net cash used in operating activities: | |||
Income and expenses not involving cash flows: | |||
Depreciation and amortization | 1,384 | 4,065 | 523 |
Loss on disposal of property and equipment | - | - | 25 |
Exchange differences on cash and cash equivalents | 224 | (22) | (549) |
Fair value adjustments of warrants | 11,054 | (18,965) | (8,599) |
Share-based compensation | 2,321 | 1,135 | 396 |
Interest and exchange differences on short-term deposits | 15 | 185 | 18 |
Interest on loan | 1,148 | (1,126) | - |
Warrant issuance costs | - | 669 | 702 |
Exchange differences on lease liabilities | (42) | (31) | 177 |
Intangible assets impairment | 6,703 | 1,010 | - |
Loss on abandonment of right-of-use asset | - | 246 | - |
22,807 | (12,834) | (7,307) | |
Changes in operating asset and liability items: | |||
Decrease (increase) in trade receivables | (358) | (2,118) | 2,430 |
Decrease (increase) in inventory | (1,953) | (1,192) | 997 |
Decrease (increase) in prepaid expenses and other receivables | (959) | (43) | 1,310 |
Increase (decrease) in accounts payable and accruals | 5,512 | (5,508) | (3,478) |
Increase (decrease) in contract liabilities | 12,957 | (12,957) | - |
15,199 | (21,818) | 1,259 | |
38,006 | (34,652) | (6,048) | |
Supplemental information on interest received in cash | 2,020 | 1,992 | 1,153 |
Supplemental information on interest paid in cash | 1,111 | 10,387 | 1,268 |
Supplemental information on non-cash transactions: | |||
Changes in right-of-use asset and lease liabilities | 149 | 327 | (57) |
Fair value of exercised warrants (portion related to accumulated fair value adjustments) | 3,631 | - | - |
Intangible asset acquired in connection with GLIX1 collaboration transaction | - | - | 6,000 |
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SOURCE BioLineRx Ltd.
FAQ
When will BioLineRx (BLRX) start the Phase 1/2a GLIX1 glioblastoma trial?
What does the USPTO Notice of Allowance for GLIX1 mean for BLRX (BLRX)?
How long is BioLineRx's cash runway after the 2025 results (BLRX)?
When does BLRX expect Phase 1 GLIX1 data and what will it show?
What is the timing for the motixafortide CheMo4METPANC interim analysis (BLRX)?
How did BioLineRx's 2025 revenues and profits (BLRX) compare to 2024?
