Silexion Therapeutics Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Business Update
Rhea-AI Summary
Silexion Therapeutics (NASDAQ: SLXN) reported Q4 and full-year 2025 results and business progress for SIL204.
Key points: expanded preclinical activity across eight KRAS mutations and four cancer types; completed two-species GLP toxicology; submitted Phase 2/3 trial application in Israel; cash $6.0M; raised ~$18.6M in 2025.
Positive
- Preclinical efficacy across 8 KRAS mutations and 4 cancer types
- Completed two-species GLP toxicology supporting clinical filing
- Submitted Phase 2/3 application in Israel; Germany scientific advice received
- Planned Phase 2/3 design: ~18 safety run-in and ~166 randomized patients
- Raised approximately $18.6 million in 2025 financing
Negative
- Cash balance of $6.0 million may limit runway absent additional financing
- Net loss of $11.9 million for 2025 underscores ongoing cash burn
- R&D increased to $7.1 million, reflecting higher clinical readiness costs
News Market Reaction – SLXN
On the day this news was published, SLXN declined 1.92%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer biotech names showed mixed moves, and momentum data list only a small number of movers with both up and down directions, pointing to stock-specific factors rather than a broad sector rotation.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Q3 2025 earnings | Positive | +3.6% | Reported cash build, preclinical gains, and maintained H1 2026 trial timeline. |
| Aug 12 | Q2 2025 earnings | Positive | -4.6% | Showed strong SIL204 efficacy data and Catalent partnership with higher losses. |
| May 13 | Q1 2025 earnings | Positive | -1.0% | Highlighted tumor reduction data, cash raise over $9M, and trial plans. |
| Mar 18 | FY 2024 results | Mixed | -11.2% | Showed higher expenses and losses alongside funding and clinical progress. |
Earnings and business update releases often contained broadly positive operational progress but were frequently followed by negative or muted price reactions, with only one of the four prior earnings updates showing a positive move.
Across four prior earnings updates since March 2025, Silexion repeatedly highlighted preclinical progress for SIL204, financing raises, and steps toward a Phase 2/3 trial planned for H1 2026. Cash levels rose from $1.2M at end‑2024 to higher balances during 2025, helped by offerings and warrant exercises. Despite this, three of the four earnings events saw share price declines, indicating a pattern of cautious market reception to fundamentally constructive updates.
Historical Comparison
Over the past four earnings-related releases, the average move was -3.31%, suggesting that even constructive financial and clinical updates have often coincided with modest downside pressure.
Earnings updates have traced Silexion’s evolution from 2024 losses and early SIL204 data toward stronger cash balances, CRO and manufacturing partnerships, and regulatory preparations for a Phase 2/3 pancreatic cancer trial targeted for H1 2026.
Regulatory & Risk Context
An effective resale registration covers 1,292,348 shares and 372 warrants; the company would receive up to $4.9 million only if 344,063 registered warrants are exercised for cash. The filing does not itself raise primary capital and primarily provides liquidity for selling securityholders.
Market Pulse Summary
This announcement combines full‑year 2025 financials with clear milestones toward a Phase 2/3 trial of SIL204 in locally advanced pancreatic cancer, including two‑species GLP toxicology and regulatory submissions. Cash of $6.0 million and a reduced net loss of $11.9 million reflect both funding progress and ongoing burn. Investors may track upcoming regulatory feedback in 1H 2026, execution of the planned ≈184-patient study, and additional financing steps linked to the company’s existing shelf tools.
Key Terms
kras medical
rna medical
rnai medical
glp toxicology medical
gmp medical
phase 2/3 medical
cro medical
bfarm regulatory
AI-generated analysis. Not financial advice.
Throughout the year, the Company reported significant positive preclinical findings for SIL204 across eight KRAS mutations and four cancer types, including first evidence of activity in gastric cancer, reinforcing broad therapeutic potential
During the fourth quarter, Silexion achieved key clinical readiness milestones including completing two-species toxicology studies, written Scientific Advice from Germany's BfArM, and submission of Phase 2/3 clinical trial application to the Ministry of Health in Israel for SIL204 in locally advanced pancreatic cancer
The Company remains on track to initiate Phase 2/3 clinical trial in the first half of 2026, with Israel regulatory feedback anticipated by the end of Q1 2026
Grand Cayman, Cayman Islands, March 17, 2026 (GLOBE NEWSWIRE) -- Silexion Therapeutics Corp. (NASDAQ: SLXN) ("Silexion" or the "Company"), a clinical-stage, oncology-focused biotechnology company, today reported its financial results for the fourth quarter and full year ended December 31, 2025, and provided an update on recent business developments.
Recent Milestones & Business Highlights
Expanding Preclinical Validation Across KRAS-Driven Cancers: Throughout 2025, Silexion generated additional preclinical data supporting the broad therapeutic potential of SIL204. In human KRAS-mutated cancer cell line models, SIL204 demonstrated very high inhibition levels of cancer cell growth across multiple models and showed activity against eight distinct KRAS mutations: G12D, G12V, G12R, G12C, G13C, G12A, Q61H, and G13D. Preclinical efficacy was observed across four cancer types, including pancreatic, colorectal, lung, and gastric cancers. In orthotopic pancreatic cancer models, systemic administration of SIL204 resulted in significant reductions in primary tumor growth and metastatic spread to secondary organs.
Completion of Toxicology Studies and Clinical Trial Infrastructure Build-Out: In the fourth quarter of 2025, the Company completed two-species GLP toxicology studies for SIL204, supporting planned regulatory submissions and Phase 2/3 clinical readiness. During the year, Silexion also announced it has engaged AMS Advanced Medical Services GmbH as contract research organization (CRO) for its planned Phase 2/3 program and advanced manufacturing and operational partnerships to support scaled clinical execution.
Regulatory Advancement Toward Phase 2/3 Initiation: Silexion received written Scientific Advice from Germany’s Federal Institute for Drugs and Medical Devices (BfArM) regarding the design of its planned Phase 2/3 clinical trial. The Company subsequently submitted its Phase 2/3 clinical trial application to the Ministry of Health in Israel for SIL204 in locally advanced pancreatic cancer and anticipates receiving initial regulatory feedback in the first quarter of 2026. The Company also plans to submit a Phase 2/3 clinical trial application in Germany by the end of the first quarter of 2026, with additional regulatory filings across the European Union planned in early 2027.
Strengthened Financial Position and Nasdaq Compliance: During 2025, the Company raised over
Phase 2/3 Clinical Trial Planned for the Second Quarter of 2026: The planned Phase 2/3 clinical study is expected to begin in the second quarter of 2026 and will include an initial safety run-in cohort of approximately 18 patients, followed by expansion into a randomized cohort of approximately 166 patients. The study is designed to evaluate SIL204’s dual-route administration approach in combination with standard chemotherapy in patients with locally advanced pancreatic cancer.
Ilan Hadar, Chairman and Chief Executive Officer of Silexion, commented: “We made meaningful progress during the fourth quarter and throughout 2025 as we executed across scientific, operational, and regulatory priorities to advance SIL204 toward the clinic. With our toxicology package completed, written Scientific Advice from Germany, and the submission of our Phase 2/3 clinical trial application in Israel, we believe we are well-positioned to continue advancing toward our planned Phase 2/3 clinical program initiation in 2026. We remain focused on disciplined execution as we work to bring an RNAi-based approach to patients with KRAS-driven cancers.”
Mirit Horenshtein Hadar, Chief Financial Officer of Silexion, added: “During 2025, we strengthened our financial position while maintaining a determined operating approach. We ended the year with approximately
Financial Results for the Three Months Ended December 31, 2025
- Research and development (“R&D”) expenses for the three months ended December 31, 2025, were approximately
$3.4 million , compared to approximately$0.9 million for the same period in 2024.This quarter-over-quarter increase primarily reflected the Company’s continued progression toward clinical readiness, including increased development and external program execution activities. - General and administrative (“G&A”) expenses for the three months ended December 31, 2025, were approximately
$1.0 million , compared to approximately$1.0 million for the same period in 2024. - Net loss for the three months ended December 31, 2025, was approximately
$4.4 million , compared to approximately$1.7 million in the same period of 2024.
Financial Results for the Year Ended December 31, 2025:
- R&D expenses for the year ended December 31, 2025, were
$7.1 million , compared to$5.8 million for the year ended December 31, 2024. The increase was primarily driven by higher subcontractor and consultant expenses related to GMP production batches of the active pharmaceutical ingredient (API) and formulation development intended to support initiation of the planned human clinical trial expected in the second quarter of 2026, partially offset by the absence of non-cash share-based compensation expenses recognized in the prior-year period in connection with grants issued during the August 2024 Business Combination. - G&A expenses for the year ended December 31, 2025, were
$4.5 million , compared to$6.8 million for the year ended December 31, 2024.The decrease primarily reflecting the absence of significant non-cash share-based compensation expenses and transaction costs recognized in the prior-year period in connection with grants issued during the August 2024 Business Combination, partially offset by higher professional services costs including director compensation, legal and other expenses associated with the transition to a public company subsequent to the Closing of the Business Combination, and more. - Net loss for the year ended December 31, 2025, was
$11.9 million , compared to a net loss of$16.5 million for the year ended December 31, 2024.
Balance Sheet Highlights:
- As of December 31, 2025, the Company had cash and cash equivalents of
$6.0 million , compared to$1.2 million as of December 31, 2024. The Company believes that its current cash balance will support in its continued advancement toward the initiation of Phase 2/3 clinical trial expected in the second quarter of 2026. - Total shareholders’ equity was
$2.6 million as of December 31, 2025, compared to a capital deficiency of$(4.0) million as of December 31, 2024. During 2025, the Company completed multiple financing transactions, including approximately$11.0 million in gross proceeds from public offerings in January and September, approximately$2.6 million from warrant exercises, and approximately$5.0 million from warrant exercise inducement transactions (before related issuance costs).
About Silexion Therapeutics
Silexion Therapeutics is a pioneering clinical stage, oncology-focused biotechnology company dedicated to the development of innovative treatments for unsatisfactorily treated solid tumor cancers which have the mutated KRAS oncogene, generally considered to be the most common oncogenic gene driver in human cancers. The Company conducted a Phase 2a clinical trial in its first-generation product which showed a positive trend in comparison to the control of chemotherapy alone. Silexion is committed to pushing the boundaries of therapeutic advancements in the field of oncology, and further developing its lead product candidate for locally advanced pancreatic cancer. For more information please visit: https://silexion.com
Notice Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this communication, Including, for example, statements regarding the development of SIL204; the timing, content, outcome, and review of regulatory submissions and interactions with regulatory authorities in Israel, Germany, the European Union, and other jurisdictions; the timing, initiation, design, and conduct of the planned Phase 2/3 clinical trial (including the timing of patient enrollment and dosing) and any other clinical studies; the timing and results of additional preclinical, toxicology, manufacturing, and operational readiness activities; the potential therapeutic benefits, mutation coverage, and clinical utility of SIL204 and any future product candidates across multiple cancer types; Silexion’s business strategy and development plans; Silexion’s ability to raise additional capital and its future capital requirements; and Silexion’s ability to maintain its Nasdaq listing, are forward-looking statements. These forward-looking statements are generally identified by terminology such as "may", "should", "could", "might", "plan", "possible", "project", "strive", "budget", "forecast", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. Forward-looking statements involve a number of risks, uncertainties, and assumptions, and actual results or events may differ materially from those projected or implied in those statements. Important factors that could cause such differences include, but are not limited to: (i) Silexion's ability to successfully complete preclinical studies and initiate clinical trials; (ii) Silexion's strategy, future operations, financial position, projected costs, prospects, and plans; (iii) the impact of the regulatory environment and compliance complexities; (iv) expectations regarding future partnerships or other relationships with third parties; (v) Silexion's future capital requirements and sources and uses of cash, including its ability to obtain additional capital; (vi) Silexion's ability to maintain its Nasdaq listing; and (vii) other risks and uncertainties set forth in the documents filed by the Company with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 17, 2026. Silexion cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth herein speak only as of the date they are made. Silexion undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as otherwise required by law.
Company Contact:
Silexion Therapeutics Corp
Ms. Mirit Horenshtein Hadar, CFO
mirit@silexion.com
Investor Relations
Arx Investor Relations
North American Equities Desk
silexion@arxhq.com
SILEXION THERAPEUTICS CORP
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands, except share data)
| December 31 | ||
| 2025 | 2024 | |
| Assets | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | ||
| Restricted cash | 27 | 35 |
| Prepaid expenses | 570 | 966 |
| Other current assets | 49 | 62 |
| TOTAL CURRENT ASSETS | 6,637 | 2,250 |
| NON-CURRENT ASSETS: | ||
| Restricted cash | 57 | 48 |
| Long-term deposit and other non-current assets | 84 | 5 |
| Property and equipment, net | 25 | 30 |
| Operating lease right-of-use asset | 412 | 530 |
| TOTAL NON-CURRENT ASSETS | 578 | 613 |
| TOTAL ASSETS | ||
SILEXION THERAPEUTICS CORP
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands, except share data)
| December 31 | ||
| 2025 | 2024 | |
| Liabilities and shareholders’ equity (capital deficiency) | ||
| CURRENT LIABILITIES: | ||
| Trade payables | ||
| Current maturities of operating lease liability | 182 | 158 |
| Employee related obligations | 879 | 642 |
| Accrued expenses and other accounts payable | 910 | 788 |
| Private warrants to purchase ordinary shares (including $* and | * | 2 |
| Underwriters Promissory Note | - | 1,004 |
| TOTAL CURRENT LIABILITIES | 2,758 | 3,523 |
| NON-CURRENT LIABILITIES: | ||
| Long-term operating lease liability | 286 | 368 |
| Related Party Promissory Note | 1,568 | 2,961 |
| TOTAL NON-CURRENT LIABILITIES | ||
| TOTAL LIABILITIES | ||
| COMMITMENTS AND CONTINGENT LIABILITIES (Note 7) | ||
| SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY): Ordinary shares ( | 42 | 2 |
| Additional paid-in capital | 57,727 | 39,263 |
| Accumulated deficit | (55,166) | (43,254) |
| TOTAL SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY) | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY) | ||
All share amounts have been retroactively adjusted to reflect a 1-for-15 reverse share split as discussed in Note 1(e) of the Company’s financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2025
* Represents an amount less than
** Net of 28 treasury shares held by the Company as of December 31, 2024
SILEXION THERAPEUTICS CORP
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share data)
| Year ended December 31 | ||
| 2025 | 2024 | |
| OPERATING EXPENSES: | ||
| Research and development (including | ||
| General and administrative (including | 4,492 | 6,756 |
| TOTAL OPERATING EXPENSES | 11,632 | 12,571 |
| OPERATING LOSS | 11,632 | 12,571 |
| Financial expenses (income), net (including | 277 | 3,938 |
| LOSS BEFORE INCOME TAX | ||
| INCOME TAX | 3 | 10 |
| NET LOSS FOR THE YEAR | ||
| Attributable to: | ||
| Equity holders of the Company | 11,912 | 16,443 |
| Non-controlling interests | - | 76 |
| LOSS PER ORDINARY SHARE, BASIC AND DILUTED* | ||
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE*: | 1,329,515 | 41,635 |
* All share amounts have been retroactively adjusted to reflect a 1-for-15 reverse share splits as discussed in Note 1(e) of the Company’s financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2025
FAQ
When does Silexion (SLXN) plan to start the Phase 2/3 trial for SIL204?
What is the design and patient size of Silexion's (SLXN) planned Phase 2/3 study?
How much cash did Silexion (SLXN) have at December 31, 2025 and what financing occurred in 2025?
What preclinical evidence did Silexion (SLXN) report for SIL204 in 2025?
Has Silexion (SLXN) completed toxicology and regulatory interactions required for the Phase 2/3 trial?
How did Silexion's (SLXN) 2025 operating results affect expenses and net loss?
