Evogene (EVGN) cuts staff to 38 as it overhauls into AI-driven chemistry
Rhea-AI Filing Summary
Evogene Ltd. reported first half 2026 and second quarter 2026 results alongside a major strategic transformation into a lean, AI-driven computational chemistry company. The workforce was reduced from 117 employees in December 2024 to 38 in August 2026, operations were streamlined, and non-core activities (Lavie Bio, Biomica, Casterra outside Brazil) were monetized or wound down.
For the six months ended June 30, 2026, Evogene generated $681 thousand in revenues versus $2,877 thousand a year earlier, with a loss attributable to equity holders of $7,638 thousand and operating loss of $5,387 thousand. Cash and cash equivalents were $9,316 thousand at June 30, 2026, and the company expects full-year 2026 cash usage of approximately $8.5–9.5 million, down from approximately $14.4 million in 2025 and $20.5 million in 2024. Since the beginning of 2025, it has raised approximately $11.1 million in new capital and received dividends of approximately $2.9 million from Lavie Bio and $1.35 million from Biomica.
Evogene expanded its ChemPass AI platform, increasing its virtual chemical space from approximately 36 billion to approximately 110 billion molecules, added autonomous AI Agents via a second agreement with Google Cloud, and introduced an Antifungal Potency Predictor model. The pharma division now has six active drug development collaborations, with some programs already past Hit Identification and an internal program progressing into Lead Optimization, while the agriculture program targeting Septoria nears completion of Lead Optimization.
Positive
- Projected full-year 2026 cash usage reduced to approximately $8.5–9.5 million, from approximately $14.4 million in 2025 and $20.5 million in 2024, indicating a substantially lower cost base.
- Since the beginning of 2025 Evogene has raised approximately $11.1 million in new capital, strengthening its financial position to support execution of strategic priorities.
- Lavie Bio distributed a $4.25 million dividend in Q2 2026, of which Evogene received approximately $2.9 million, and Biomica distributed $2.7 million, of which Evogene received approximately $1.35 million, providing non-operating cash inflows.
- ChemPass AI virtual chemical space was expanded from approximately 36 billion to approximately 110 billion molecules, materially increasing the scope for computational small-molecule discovery.
- The pharma division entered four new drug development collaborations in 2026, bringing total active collaborations to six, with Evogene retaining significant commercial rights to resulting discoveries.
Negative
- First half 2026 revenues were $681 thousand compared with $2,877 thousand in the prior-year period, a steep decline in reported revenue.
- Loss attributable to equity holders for the first half of 2026 was $7,638 thousand, and equity attributable to equity holders was negative at $(3,290 thousand) as of June 30, 2026.
- Cash and cash equivalents declined from $12,956 thousand at December 31, 2025 to $9,316 thousand at June 30, 2026, reflecting continued cash burn despite cost reductions.
Filing Explained
At June 30, issued shares were 13,535,843 versus 8,718,193 at year-end, creating a present ownership-dilution mechanism for prior holders.
Form 6-K is an interim report for a foreign private issuer. On
Issued and outstanding ordinary shares were 13,535,843 at June 30 versus 8,718,193 at
The cash-flow statement reports proceeds from ordinary-share issuance and from an ordinary-share warrant-inducement transaction. The balance sheet still reports a warrants and pre-funded warrants liability at June 30.
Evogene attributed the first-half change in net financing results to warrant accounting, including approximately
Key Figures
Key Terms
discontinued operations financial
warrants and pre-funded warrants liability financial
generative AI technical
ChemPass AI technical
warrant inducement transaction financial
Earnings Snapshot
Evogene expects full-year 2026 cash usage of approximately $8.5–9.5 million, compared with approximately $14.4 million in 2025 and approximately $20.5 million in 2024.
FAQ
How did Evogene (EVGN) perform financially in the first half of 2026?
What is Evogene (EVGN) projecting for 2026 cash usage compared to prior years?
What is Evogene’s (EVGN) cash position and balance sheet as of June 30, 2026?
How has Evogene (EVGN) changed its cost structure and headcount?
What strategic portfolio moves did Evogene (EVGN) make with Lavie Bio and Biomica?
What are the key technological advances in Evogene’s (EVGN) ChemPass AI platform?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number: 001-36187
EVOGENE LTD.
(Translation of Registrant’s Name into English)
13 Gad Feinstein Street, Park Rehovot, Rehovot 7638517, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
Quarterly Results of Operations
On August 18, 2026, Evogene Ltd. (“Evogene”) announced its financial results for the second quarter ended June 30, 2026. A copy of the press release announcing those results is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”) and is incorporated herein by reference.
Evogene is holding a conference call on August 18, 2026 to discuss its quarterly results for the quarter ended June 30, 2026 and, in connection with that call, will make available to its investors a slide presentation to provide additional information regarding its business and its financial results. That slide presentation is attached as Exhibit 99.2 to this Form 6-K and is incorporated herein by reference.
Exhibits
| Exhibit No. | Exhibit | |
| 99.1 | Press Release dated August 18, 2026 titled “Evogene Reports Second Quarter and First Half 2026 Financial Results” | |
| 99.2 | Slide Presentation related to Evogene Second Quarter/First Half 2026 Results |
Incorporation by Reference
The GAAP financial statements tables contained in the press release attached to this Form 6-K are incorporated by reference in the registration statements on Form F-3 (Securities and Exchange Commission (“SEC”) File No. 333-277565 and 333-294650), and Form S-8 (SEC File Nos. 333-193788, 333-201443, 333-203856, 333-259215, 333-286197 and 333-294648) of Evogene, and will be a part thereof from the date on which this Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 18, 2026 |
EVOGENE LTD. (Registrant) By: /s/ Ofer Haviv Ofer Haviv Chief Executive Officer |
Exhibit 99.1
Evogene Reports Second Quarter and First Half 2026 Financial Results
| · | Company continues strategic transformation, initiated in 2025, into a focused, AI-driven computational chemistry company, with significant progress across pharmaceutical and agricultural product development programs |
| · | Cash burn expected to decline to approximately $8.5–$9.5 million in 2026, compared with approximately $14.4 million in 2025 and approximately $20.5 million in 2024 |
| · | Second-quarter net loss was reduced to approximately $1.8 million, compared with approximately $4.7 million in the second quarter of 2025 and approximately $6.0 million in the second quarter of 2024 |
| · | Six active drug development collaborations established with biotechnology companies and leading academic institutions |
| · | Virtual chemical space expanded to approximately 110 billion molecules, supported by advanced AI models and autonomous AI Agents |
REHOVOT, Israel – August 18, 2026 – Evogene Ltd. (Nasdaq: EVGN, TASE: EVGN), a pioneering company in computational chemistry, specializing in the generative design of small molecules for the pharmaceutical and agricultural industries, today announced its financial results for the first half of 2026 and second quarter ended June 30, 2026, and provided an update on its strategic and operational progress.
Strategic Transformation Delivering Measurable Progress
Over the past 18 months, Evogene has undergone a significant strategic transformation, focused on establishing the Company as a lean, AI-driven leader in computational chemistry for pharmaceutical and crop protection applications.
As part of this transformation, Evogene has significantly streamlined its operations, reduced its workforce from 117 employees in December 2024 to 38 in August 2026, substantially reduced operating expenses, and realigned its portfolio toward activities with significant commercial potential.
The Company expects full-year 2026 cash usage to be approximately $8.5 million to $9.5 million, compared with approximately $14.4 million in 2025 and approximately $20.5 million in 2024, with further reductions targeted for 2027.
Since the beginning of 2025, Evogene has also raised approximately $11.1 million in new capital, strengthening its financial position and providing additional resources to execute its strategic priorities.
Continued Commercial and Technological Momentum
Evogene's Pharma division continues to demonstrate strong momentum. Since the beginning of 2026, the Company has entered four new drug development collaborations, bringing the total number of active collaborations to six with biotechnology companies and leading academic institutions.
Two of these programs have already completed the initial Hit Identification stage of Evogene's ChemPass AI™ computational discovery process, with validation results exceeding partner expectations. Evogene is currently advancing these programs toward subsequent stages of development.
Across these programs, Evogene retains significant commercial rights to the resulting discoveries, providing the potential for future revenue generation as programs progress through development and toward commercialization.
In parallel, Evogene is advancing its internal drug discovery program. The program has successfully completed the Hit-to-Lead stage and progressed into Lead Optimization, where the Company is generating proprietary molecules with the potential to serve as candidates for future preclinical development.
In Agriculture, Evogene continues to advance its crop protection program targeting Septoria, a major fungal disease. The program is approaching completion of the Lead Optimization stage, with synthesized molecules currently undergoing advanced biological testing ahead of greenhouse and field trials.
Major Expansion of ChemPass AI™
Evogene continues to substantially expand the capabilities of its core computational platform, ChemPass AI™.
Following the Company's second agreement with Google Cloud, In June Evogene has integrated advanced AI Agents into its computational workflow. These autonomous systems are designed to automate complex research tasks that traditionally required weeks or months of highly specialized scientific work, enabling the company to perform these activities in a matter of minutes.
In July, Evogene has also expanded its portfolio of predictive AI models. Among these is the recently announced Antifungal Potency Predictor (APP), designed to predict the activity of small molecules against fungal pathogens and provide an additional layer of biological prediction beyond target-level interaction.
In addition, this month Evogene has expanded its virtual chemical space from approximately 36 billion to approximately 110 billion molecules, significantly increasing the scope of chemical molecules that can be explored by its computational discovery platform.
Portfolio Optimization and Focus on Core Opportunities
Consistent with its revised strategy, Evogene has substantially reduced or transitioned its non-core activities.
Lavie Bio is no longer operational following the sale of the majority of its assets to ICL. Under the transaction, two additional payments remain due to Lavie Bio and Evogene, with the first received in July 2026 and the second expected in July 2027. In addition, Lavie Bio distributed a $4.25 million dividend to its shareholders during the second quarter, of which Evogene received approximately $2.9 million. Beginning in the second quarter of 2025, Lavie Bio’s results of operations have been presented separately as discontinued operations.
Biomica, following the successful completion of its Phase 1 clinical trial and the licensing of its lead oncology candidate BMC128 to Lishan Pharmaceuticals, is no longer conducting ongoing operations. During the second quarter, Biomica completed a $2.7 million dividend distribution to shareholders, of which Evogene received approximately $1.35 million. Beginning in the second quarter of 2026, Biomica’s results are presented as discontinued operations in the consolidated statements of profit or loss.
Casterra has significantly reduced and realigned its activities and is now focused exclusively on Brazil.
2
Management Commentary
"We have fundamentally transformed Evogene over the past 18 months," said Ofer Haviv, President and Chief Executive Officer of Evogene. "We have moved from a broad portfolio of activities to a highly focused organization centered on our AI-driven computational chemistry capabilities, while substantially reducing our cost structure and cash requirements."
"At the same time, we are seeing meaningful validation of our technology through new collaborations, progress in our internal drug discovery programs, and major advances in ChemPass AI. The expansion of our virtual chemical space to approximately 110 billion molecules and the integration of autonomous AI Agents represent important steps forward in our ability to discover novel molecules faster and more efficiently."
"Looking ahead, our priorities are clear: advance our existing pharmaceutical and agricultural programs, establish additional collaborations with leading biotechnology and pharmaceutical companies, advance our internal high-value programs, pursue strategic partnerships in agriculture, and continue to strengthen our computational platform."
Nir Nimrodi, Chairman of Evogene's Board of Directors, added: "The second quarter reflects the significant transformation we have executed across Evogene. We have streamlined the organization, reduced our cash requirements, optimized our portfolio, and concentrated our resources on opportunities with substantial commercial potential."
"The combination of a significantly lower cost base, a stronger financial foundation, growing commercial validation, and rapid technological progress provides Evogene with a substantially more focused platform from which to execute its strategy and create long-term shareholder value."
3
First Half 2026 and Second Quarter Ended June 30, 2026, Financial Highlights
| · | Cash Position - As of June 30, 2026, Evogene held consolidated cash and cash equivalents of approximately $9.3 million. Consolidated cash usage during the second quarter of 2026 was approximately $2.1 million. |
| · | Revenues for the first half of 2026 totaled approximately $0.7 million, compared to approximately $2.9 million in the same period of 2025, representing a decrease of approximately $2.2 million. The decrease is mainly attributable to lower revenue recognized by Casterra, which in the first half of 2025 included significant seed sales of approximately $2.0 million. Revenues for the second quarter of 2026 were approximately $0.3 million, representing a slight decrease compared to approximately $0.5 million in the same period last year, mainly attributable to the conclusion of AgPlenus’ agreement with Bayer in May 2026. |
| · | Research and development expenses, net of non-refundable grants, for the first half of 2026 were approximately $2.9 million, compared to approximately $3.5 million in the corresponding period of 2025, representing a decrease of approximately $0.6 million. The decrease is mainly attributable to lower R&D expenses in Casterra and AgPlenus, which were partially shifted to Evogene as the Company redirected its R&D efforts toward activities that are core to, and support the execution of, its new strategy. The decrease in R&D expenses was partially offset by the impact of exchange rate fluctuations between the U.S. dollar and the NIS of approximately $0.4 million. For the second quarter of 2026, R&D expenses were approximately $1.4 million, down from $1.7 million in the same period of 2025. This decrease is mainly attributable to decreased expenses in Casterra, partially offset by increased expenses in Evogene as mentioned above. In addition, the decrease was partially offset by the impact of exchange rate fluctuations between the U.S. dollar and the NIS of approximately $0.2 million. |
| · | Sales and marketing expenses for the first half of 2026 and 2025 were approximately $0.7 million, with no material change between the periods. Sales and marketing expenses for the second quarter of 2026 were approximately $0.3 million, a slight decrease from approximately $0.4 million in the second quarter of 2025. |
4
| · | General and administrative expenses for the first half of 2026 decreased slightly to approximately $2.0 million, compared to approximately $2.1 million in the corresponding period of 2025. The decrease in G&A expenses attributable to Evogene and its subsidiaries was substantially offset primarily by the impact of transaction costs related to the warrant inducement transaction and other legal expenses, totaling approximately $0.2 million, as well as by exchange rate fluctuations between the U.S. dollar and the NIS of approximately $0.2 million. General and administrative expenses for the second quarter of 2026 slightly decreased to approximately $0.9 million compared to approximately $1.0 million in the same period of the previous year. |
| · | Financing expenses, net, for the first half of 2026 were approximately $1.7 million, compared to financing income, net, of approximately $0.8 million in the corresponding period of 2025. |
This change was primarily related to the accounting treatment and revaluation of warrants, including warrants issued in the August 2024 financing and the February 2026 warrant inducement transaction. As part of the February 2026 warrant inducement transaction, the Company recorded financing expenses of approximately $3.8 million during the first half of 2026. In addition, the Company recorded financing income of approximately $2.1 million related to the revaluation of warrants liability as of June 30, 2026. Financing income, net for the second quarter of 2026 was approximately $972 thousand, compared to financing expense, net of approximately $333 thousand in the same period of the previous year. The decrease is mainly associated with the warrants’ accounting treatment as mentioned above.
| · | Loss from discontinued operations, net, for the first half of 2026 was approximately $0.5 million, compared to a loss from discontinued operations, net, of approximately $3.6 million in the corresponding period of 2025. For the second quarter of 2026, the loss from discontinued operations was approximately $0.2 million, compared to approximately $1.7 million in the second quarter of the previous year. These amounts primarily reflect the financial results of Lavie Bio’s and Biomica’s operations, as well as expenses related to the development and maintenance of MicroBoost AI for Ag, which are presented as a single-line item in the consolidated statements of profit and loss. Following the sale of the majority of Lavie Bio’s assets, as well as Evogene’s MicroBoost AI for Ag, to ICL in July 2025 and the licensing agreement with Lishan in February 2026, Lavie Bio’s and Biomica’s operating expense levels have decreased significantly. |
| · | Net loss for the first half of each of 2026 and 2025 was approximately $7.7 million, with no material change between the periods. The net loss for the second quarter of 2026 was approximately $1.8 million, compared to approximately $4.7 million in the same period last year. The $2.9 million decrease in net loss was primarily due to decreased operating expenses, decreased loss from discontinued operations and increased financing income, net as mentioned above. |
About Evogene Ltd.
Evogene Ltd. (Nasdaq/TASE: EVGN) is a pioneering company in computational chemistry, specializing in the generative design of small molecules for drug development and ag chemical products. At the core of its technology is ChemPass AITM, a proprietary generative AI designed to explore vast chemical space and generate novel, highly potent small molecules optimized across multiple critical parameters. Built on this powerful technological foundation, and through strategic partnerships alongside internal product development, Evogene is focused on creating breakthrough products for the pharmaceutical and agricultural industries, driven by the integration of scientific innovation with real-world industry needs.
For more information, please visit www.evogene.com.
5
Forward-Looking Statements
This press release contains "forward-looking statements" relating to future events. These statements may be identified by words such as “may,” “could,” “expects,” “hopes,” “intends,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates,” “demonstrates” or words of similar meaning. For example, Evogene uses forward-looking statements in this press release when it discusses, among other things: its advancing its existing pharmaceutical and agricultural division programs toward subsequent stages of development; its potential, future revenue generation as its pharmaceutical programs progress through development and toward commercialization; its potential establishment of additional collaborations with leading biotechnology and pharmaceutical companies; its advancement of its internal high-value programs, including its internal drug discovery program under which proprietary molecules have the potential to serve as candidates for future preclinical development; its pursuit of strategic partnerships in agriculture; its continuing to strengthen its computational platform; and its ability to execute its strategy and create long-term shareholder value.
Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements of Evogene and its subsidiaries may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond the control of Evogene, including: the aftermath of the recent wars between Israel and the United States, on the one hand, and Iran and its proxy terrorist groups, Hamas, Hezbollah, and, intermittently, the Houthis in Yemen, on the other hand, (and any destabilizations in Israel, neighboring territories or the Middle East region resulting from those wars; Evogene’s and its subsidiaries’ reliance on third parties to conduct certain activities, such as field-trials and pre-clinical studies, which could cause significant delays in the conduct of those activities; the potential impact of a change of control of Evogene’s board of directors due to the actions of dissident shareholders; as well as those additional risk factors identified in Evogene’s reports filed with the applicable securities authority. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Evogene’s actual results to differ from those reflected in its forward-looking statements, please see “Item 3.D. Risk Factors” in Evogene’s Annual Report on Form 20-F for the year ended December 31, 2025, and its subsequent reports filed with or furnished to the U.S. Securities and Exchange Commission and Israeli Securities Authority. You should not place undue reliance on any forward-looking statements included in this press release. Evogene and its subsidiaries disclaim any obligation or commitment to update these forward-looking statements to reflect future events or developments or changes in expectations, estimates, projections and assumptions, except to the extent required by applicable law.
6
CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
U.S. dollars in thousands
| June 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
| Unaudited | ||||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 9,316 | $ | 12,956 | ||||
| Restricted cash | 35 | 32 | ||||||
| Trade receivables | 384 | 317 | ||||||
| Other receivables and prepaid expenses | 1,026 | 1,565 | ||||||
| Deferred expenses related to issuance of warrants | - | 551 | ||||||
| Inventories | 93 | 210 | ||||||
| 10,854 | 15,631 | |||||||
| LONG-TERM ASSETS: | ||||||||
| Long-term deposits and other receivables | 531 | 571 | ||||||
| Investment accounted for using the equity method | - | 43 | ||||||
| Deferred expenses related to issuance of warrants | - | 1,165 | ||||||
| Right-of-use-assets | 1,558 | 1,824 | ||||||
| Property, plant and equipment, net | 497 | 812 | ||||||
| 2,586 | 4,415 | |||||||
| TOTAL ASSETS | $ | 13,440 | $ | 20,046 | ||||
| LIABILITIES AND EQUITY | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Trade payables | $ | 394 | $ | 639 | ||||
| Employees and payroll accruals | 911 | 861 | ||||||
| Lease liabilities | 668 | 716 | ||||||
| Liabilities in respect of government grants | 89 | 56 | ||||||
| Deferred revenues and other advances | 21 | 17 | ||||||
| Warrants and pre-funded warrants liability | 659 | 706 | ||||||
| Other payables | 302 | 449 | ||||||
| 3,044 | 3,444 | |||||||
| LONG-TERM LIABILITIES: | ||||||||
| Lease liabilities | 1,433 | 1,482 | ||||||
| Liabilities in respect of government grants | 3,130 | 3,073 | ||||||
| Deferred revenues and other advances | 65 | 72 | ||||||
| 4,628 | 4,627 | |||||||
| TOTAL LIABILITIES | $ | 7,672 | $ | 8,071 | ||||
| SHAREHOLDERS' EQUITY: | ||||||||
| Ordinary shares of NIS 0.2 par value: Authorized – 30,000,000 ordinary shares; Issued and outstanding – 13,535,843 ordinary shares on June 30, 2026 and 8,718,193 ordinary shares on December 31, 2025 | 804 | 488 | ||||||
| Share premium and other capital reserves | 286,100 | 281,986 | ||||||
| Accumulated deficit | (290,194 | ) | (282,556 | ) | ||||
| Equity attributable to equity holders of the Company | (3,290 | ) | (82 | ) | ||||
| Non-controlling interests | 9,058 | 12,057 | ||||||
| TOTAL EQUITY | 5,768 | 11,975 | ||||||
| TOTAL LIABILITIES AND EQUITY | $ | 13,440 | $ | 20,046 | ||||
7
CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS
U.S. dollars in thousands (except share and per share amounts)
Six months ended June 30, | Three months ended June 30, | Year ended December 31, | ||||||||||||||||||
| 2026 | 2025(*) | 2026 | 2025(*) | 2025(*) | ||||||||||||||||
| Unaudited | Audited | |||||||||||||||||||
| Revenues | $ | 681 | $ | 2,877 | $ | 347 | $ | 534 | $ | 3,503 | ||||||||||
| Cost of revenues: | ||||||||||||||||||||
| Inventory impairment | - | - | - | - | 2,180 | |||||||||||||||
| Other cost of revenues | 336 | 1,653 | 206 | 136 | 1,914 | |||||||||||||||
| Total Cost of Revenues | 336 | 1,653 | 206 | 136 | 4,094 | |||||||||||||||
| Gross profit (loss) | 345 | 1,224 | 141 | 398 | (591 | ) | ||||||||||||||
| Operating expenses: | ||||||||||||||||||||
| Research and development, net | 2,938 | 3,502 | 1,374 | 1,673 | 6,262 | |||||||||||||||
| Sales and marketing | 708 | 703 | 319 | 354 | 1,359 | |||||||||||||||
| General and administrative | 1,984 | 2,063 | 889 | 983 | 4,021 | |||||||||||||||
| Other expenses (income) | 102 | (191 | ) | 122 | - | (205 | ) | |||||||||||||
| Total operating expenses, net | 5,732 | 6,077 | 2,704 | 3,010 | 11,437 | |||||||||||||||
| Operating loss | (5,387 | ) | (4,853 | ) | (2,563 | ) | (2,612 | ) | (12,028 | ) | ||||||||||
| Financing income | 2,304 | 1,839 | 1,140 | 236 | 2,618 | |||||||||||||||
| Financing expenses | (4,045 | ) | (1,011 | ) | (168 | ) | (569 | ) | (1,841 | ) | ||||||||||
| Financing income (expenses), net | (1,741 | ) | 828 | 972 | (333 | ) | 777 | |||||||||||||
| Share of loss from equity accounted investment | (43 | ) | (66 | ) | - | (64 | ) | (39 | ) | |||||||||||
| Loss before taxes on income | (7,171 | ) | (4,091 | ) | (1,591 | ) | (3,009 | ) | (11,290 | ) | ||||||||||
| Taxes on income (tax benefit) | - | 1 | - | 1 | 1 | |||||||||||||||
| Loss from continuing operations | (7,171 | ) | (4,092 | ) | (1,591 | ) | (3,010 | ) | (11,291 | ) | ||||||||||
| Income (loss) from discontinued operations, net | (492 | ) | (3,579 | ) | (176 | ) | (1,671 | ) | 3,464 | |||||||||||
| Loss | $ | (7,663 | ) | $ | (7,671 | ) | $ | (1,767 | ) | $ | (4,681 | ) | $ | (7,827 | ) | |||||
| Attributable to: | ||||||||||||||||||||
| Equity holders of the Company | $ | (7,638 | ) | $ | (7,050 | ) | $ | (1,768 | ) | $ | (4,462 | ) | $ | (8,485 | ) | |||||
| Non-controlling interests | (25 | ) | (621 | ) | 1 | (219 | ) | 658 | ||||||||||||
| $ | (7,663 | ) | $ | (7,671 | ) | $ | (1,767 | ) | $ | (4,681 | ) | $ | (7,827 | ) | ||||||
| Basic and diluted loss per share from continuing operations, attributable to equity holders of the Company | $ | (0.63 | ) | $ | (0.58 | ) | $ | (0.13 | ) | $ | (0.42 | ) | $ | (1.41 | ) | |||||
| Basic and diluted gain (loss) per share from discontinued operations, attributable to equity holders of the Company | $ | (0.04 | ) | $ | (0.43 | ) | $ | (0.01 | ) | $ | (0.20 | ) | $ | 0.33 | ||||||
| Basic and diluted loss per share attributable to equity holders of the Company | $ | (0.67 | ) | $ | (1.01 | ) | $ | (0.14 | ) | $ | (0.62 | ) | $ | (1.08 | ) | |||||
| Weighted average number of shares used in computing basic and diluted loss per share | 11,399,700 | 7,012,031 | 12,199,883 | 7,225,862 | 7,874,039 | |||||||||||||||
(*) Reclassified to conform to the current period presentation, following the classification of certain operations as discontinued operations.
8
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Six months ended June 30, | Three months ended June 30, | Year ended December 31, | ||||||||||||||||||
| 2026 | 2025(*) | 2026 | 2025(*) | 2025(*) | ||||||||||||||||
| Unaudited | Audited | |||||||||||||||||||
| Cash flows from operating activities | ||||||||||||||||||||
| Loss from continuing operations | $ | (7,171 | ) | $ | (4,092 | ) | $ | (1,591 | ) | $ | (3,010 | ) | $ | (11,291 | ) | |||||
| Adjustments to reconcile loss to net cash used in operating activities: | ||||||||||||||||||||
| Adjustments to the profit or loss items: | ||||||||||||||||||||
| Depreciation and amortization of property, plant and equipment and right-of-use-assets | 334 | 507 | 149 | 245 | 971 | |||||||||||||||
| Impairment of Property, Plant and Equipment | 116 | - | 116 | - | - | |||||||||||||||
| Inventory impairment | - | - | - | - | 2,180 | |||||||||||||||
| Share-based compensation | 93 | 445 | 93 | 219 | 728 | |||||||||||||||
| Remeasurement of Convertible SAFE | - | (345 | ) | - | (345 | ) | (371 | ) | ||||||||||||
| Net financing expenses (income) | 8 | 156 | 242 | 147 | (28 | ) | ||||||||||||||
| Loss (gain) from sale of property, plant and equipment | (14 | ) | (194 | ) | 9 | (3 | ) | (205 | ) | |||||||||||
| Revaluation of government grants | 9 | - | (11 | ) | - | 40 | ||||||||||||||
| Amortization of deferred expenses related to issuance of warrants | 1,716 | 656 | - | 330 | 1,323 | |||||||||||||||
| Remeasurement of pre-funded warrants and warrants | (2,108 | ) | (1,318 | ) | (1,062 | ) | 159 | (1,781 | ) | |||||||||||
| Expenses related to warrants inducement transaction | 2,095 | - | - | - | - | |||||||||||||||
| Share of loss of an associate | 43 | 67 | - | 65 | 39 | |||||||||||||||
| Taxes on income (tax benefit) | - | 1 | (4 | ) | 1 | (6 | ) | |||||||||||||
| 2,292 | (25 | ) | (468 | ) | 818 | 2,890 | ||||||||||||||
| Changes in asset and liability items: | ||||||||||||||||||||
| Decrease (increase) in trade receivables | (67 | ) | (63 | ) | (98 | ) | 1,467 | 665 | ||||||||||||
| Decrease (increase) in other receivables and prepaid expenses | 258 | 1,287 | 154 | (34 | ) | 958 | ||||||||||||||
| Decrease (increase) in inventories | 117 | (601 | ) | 82 | (154 | ) | (1,019 | ) | ||||||||||||
| Increase (decrease) in trade payables | (125 | ) | (164 | ) | 42 | 71 | (40 | ) | ||||||||||||
| Increase (decrease) in employees and payroll accruals | 61 | (109 | ) | (5 | ) | 64 | (494 | ) | ||||||||||||
| Increase (decrease) in other payables | (101 | ) | (298 | ) | (70 | ) | (152 | ) | (344 | ) | ||||||||||
| Increase (decrease) in deferred revenues and other advances | (3 | ) | (351 | ) | (3 | ) | (196 | ) | (361 | ) | ||||||||||
| 140 | (299 | ) | 102 | 1,066 | (635 | ) | ||||||||||||||
9
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Six months ended June 30, | Three months ended June 30, | Year ended December 31, | ||||||||||||||||||
| 2026 | 2025(*) | 2026 | 2025(*) | 2025(*) | ||||||||||||||||
| Unaudited | Audited | |||||||||||||||||||
| Cash received (paid) during the period for: | ||||||||||||||||||||
| Interest received | 200 | 176 | 63 | 81 | 338 | |||||||||||||||
| Interest paid | (84 | ) | (151 | ) | (44 | ) | (98 | ) | (256 | ) | ||||||||||
| Taxes paid | (5 | ) | (11 | ) | 10 | (11 | ) | (11 | ) | |||||||||||
| Net cash used in continuing operating activities | (4,628 | ) | (4,402 | ) | (1,928 | ) | (1,154 | ) | (8,965 | ) | ||||||||||
| Net cash used in discontinued operating activities | (300 | ) | (3,081 | ) | (46 | ) | (1,147 | ) | (4,537 | ) | ||||||||||
| Net cash used in operating activities | (4,928 | ) | (7,483 | ) | (1,974 | ) | (2,301 | ) | (13,502 | ) | ||||||||||
| Cash flows from investing activities: | ||||||||||||||||||||
| Purchase of property, plant and equipment | (11 | ) | (122 | ) | (9 | ) | (2 | ) | (199 | ) | ||||||||||
| Proceeds from sale of property, plant and equipment | 112 | - | 89 | - | 78 | |||||||||||||||
| Proceeds from finance sub-lease asset | 33 | 17 | 12 | 14 | 52 | |||||||||||||||
| Withdrawal from (investment in) bank deposits, net | - | (1,001 | ) | 2,928 | (1,001 | ) | (1 | ) | ||||||||||||
| Net cash provided by (used in) continuing investing activities | 134 | (1,106 | ) | 3,020 | (989 | ) | (70 | ) | ||||||||||||
| Net cash provided by (used in) discontinued investing activities | - | (2,328 | ) | 1,600 | - | 17,808 | ||||||||||||||
| Net cash provided by (used in) investing activities | 134 | (3,434 | ) | 4,620 | (989 | ) | 17,738 | |||||||||||||
10
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Six months ended June 30, | Three months ended June 30, | Year ended December 31, | ||||||||||||||||||
| 2026 | 2025(*) | 2026 | 2025(*) | 2025(*) | ||||||||||||||||
| Unaudited | Audited | |||||||||||||||||||
| Cash flows from financing activities: | ||||||||||||||||||||
| Proceeds from issuance of ordinary shares, net of issuance expenses | 805 | 4,283 | 805 | 4,283 | 4,283 | |||||||||||||||
| Proceeds from issuance of ordinary shares in warrant inducement transaction, net of issuance expenses | 3,206 | - | - | - | - | |||||||||||||||
| Repayment of lease liability | (213 | ) | (228 | ) | (117 | ) | (109 | ) | (423 | ) | ||||||||||
| Dividend paid by subsidiary | (2,672 | ) | - | (2,479 | ) | - | - | |||||||||||||
| Repayment of convertible SAFE | - | - | - | - | (10,000 | ) | ||||||||||||||
| Proceeds from government grants | 101 | - | - | - | - | |||||||||||||||
| Repayment of government grants | (20 | ) | (122 | ) | (20 | ) | - | (244 | ) | |||||||||||
| Net cash provided by (used in) continuing financing activities | 1,207 | 3,933 | (1,811 | ) | 4,174 | (6,384 | ) | |||||||||||||
| Net cash provided by (used in) discontinued financing activities | (50 | ) | 57 | (25 | ) | (25 | ) | (218 | ) | |||||||||||
| Net cash provided by (used in) financing activities | 1,157 | 3,990 | (1,836 | ) | 4,149 | (6,602 | ) | |||||||||||||
| Exchange rate differences - cash and cash equivalent balances | (3 | ) | 25 | (5 | ) | 45 | 21 | |||||||||||||
| Increase (decrease) in cash and cash equivalents | (3,640 | ) | (6,902 | ) | 805 | 904 | (2,345 | ) | ||||||||||||
| Cash and cash equivalents, beginning of the period | 12,956 | 15,301 | 8,511 | 7,495 | 15,301 | |||||||||||||||
| Cash and cash equivalents presented in assets held for sale | - | (70 | ) | - | (70 | ) | - | |||||||||||||
| Cash and cash equivalents, end of the period | $ | 9,316 | $ | 8,329 | $ | 9,316 | $ | 8,329 | $ | 12,956 | ||||||||||
| Significant non-cash activities | ||||||||||||||||||||
| Acquisition of property, plant and equipment | - | $ | 11 | - | $ | 11 | $ | 2 | ||||||||||||
| Right-of-use asset recognized with corresponding lease liability | $ | 15 | $ | 207 | - | - | $ | 207 | ||||||||||||
| Exercise of pre-funded warrants | - | $ | 389 | - | $ | 160 | $ | 389 | ||||||||||||
| Derecognition of property, plant and equipment under a finance lease | - | $ | 13 | - | - | $ | 13 | |||||||||||||
(*) Reclassified to conform to the current period presentation, following the classification of certain operations as discontinued operations.
11
Exhibit 99.2
˥
August 18 , 2026 EARNINGS CALL Q 2 2026
FORWARD LOOKING STATEMENT This presentation contains "forward - looking statements" relating to future events, and Evogene Ltd. ( the “ Company ” ) , may from time to time make other statements, regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting us that are considered “ forward - looking statements ” as defined in the U.S. Private Securities Litigation Reform Act of 1995 (the “ PSLRA ” ) and other securities laws , as amended. Statements that are not statements of historical fact may be deemed to be forward - looking statements . Such forward - looking statements may be identified by the use of such words as “ believe ” , “ expect ” , “ anticipate ” , “ should ” , “ planned ” , “ estimated ” , “ intend ” and “ potential ” or words of similar meaning. We are using forward - looking statements in this presentation when we discuss our value drivers, commercialization efforts and timing , product development and launches, estimated market size s and milestones , pipeline, as well as our capabilities and technology. Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward - looking statements that may be made in this presentation. Therefore, actual future results, performance or achievements, and trends in the future may differ materially from what is expressed or implied by such forward - looking statements due to a variety of factors, many of which are beyond our control, including, without limitation, the aftermath of the recent war between Israel and each of ( i ) the terrorist groups, Hamas and Hezbollah, (ii) Iran, and (iii) other regional terrorist groups supported by Iran, and any destabilizations in Israel, neighboring territories or the Middle East region, and those described in greater detail in Evogene's Annual Report on Form 20 - F and in other information Evogene files and furnishes with the Israel Securities Authority and the U.S. Securities and Exchange Commission, including those factors under the heading “ Risk Factors ” . Except as required by applicable securities laws, we disclaim any obligation or commitment to update any information contained in this presentation or to publicly release the results of any revisions to any statements that may be made to reflect future events or developments or changes in expectations, estimates, projections and assumptions. The information contained herein does not constitute a prospectus or other offering document, nor does it constitute or form part of any invitation or offer to sell, or any solicitation of any invitation or offer to purchase or subscribe for, any securities of Evogene or the Company , nor shall the information or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any action, contract , commitment or relating thereto or to the securities of Evogene or the Company . The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services . 2
EARNINGS CALL Q 2 2026 AGENDA • Opening Remarks - By Nir Nimrodi, Evogene ’ s Chairman • CEO Update – By Ofer Haviv • Financial Report Review – By Polina Ravzin • Q&A
EVOGENE PIONEERS REAL - WORLD INNOVATION Using a proprietary generative AI engine, we generate novel and highly potent small molecules, optimized across multiple - parameters, for the pharmaceutical and ag - chemical industries 4
• Established ChemPass AI as our core platform – developing a first - in - class generative AI foundation model for small molecules and integrating autonomous AI Agents in partnership with Google Cloud. • Validated the commercial value of our technology - secured 6 drug development agreements with leading biotechnology companies and premier academic institutions. • Built a lean and agile organization - reduced headcount from 117 to 38 employees, enabling greater focus and operational efficiency. • Significantly reduced cash burn - from approximately $ 20.5 M in 2024 to an expected $ 8.5 – 9.5 M in 2026 , with further reductions anticipated in 2027 . • Strengthened our financial runway - raised approximately $ 11.1 M in new capital to support execution of our strategic priorities. • Focused and monetized our portfolio - monetized Lavie Bio (sold to ICL for ~$ 15.25 M), licensed Biomica ’ s Phase I asset to Lishan Biotech, focused Casterra on Brazil's SAF market. EVOGENE TRANSFORMATION IN THE LAST 18 MONTHS BUILDING A LEAN, AI - DRIVEN COMPANY
GEN AI ENGINE Growing number of collaborations for a diverse pipeline of drug candidates Proven strategic collaborations driving our ag - chem pipeline PIONEERING IN PHARMA REVOLUTIONIZING AG OUR STORY ChemPass AI - computational engine for the generation & optimization of small molecules
EARNINGS CALL Q 2 2026 AGENDA • Opening Remarks - By Nir Nimrodi, Evogene ’ s Chairman • CEO Update – By Ofer Haviv • Financial Report Review – By Polina Ravzin • Q&A
8 PHARMA DIVISION – DRUGS Demyelination Disorders Neutrophil - Derived Inflammatory Diseases Metabolic Disease Therapy Resistant Lung Cancer Herbicides INTERNAL PIPELINE Wheat Blotch AG DIVISION* – AG - CHEMICALS AG DIVISION ͐ – Operations in this field are conducted through our subsidiary, AgPlenus . Cardiovascular Diseases HARNESSING THE POWER OF CHEMPASS AI FOR REAL - WORLD INNOVATION On cology Disease Undisclosed
DIVERSIFIED DRUG DISCOVERY PIPELINE – (INITIATED Q 4 / 25 ) PARTNER IND PRE - CLINICAL LEAD OPTIMIZATION HIT - TO - LEAD HIT ID PREPROCESSING PROGRAM INDICATION COLLABORATIONS Undisclosed EVG - O 311 Oncology EVG - M 410 Metabolism* EVG - I 110 Immunology EVG - N 210 Neurology EVG - O 310 Oncology EVG - C 610 Cardiology INTERNAL PIPELINE EVG - R 510 Undisclosed * Non - protein target PHARMA DIVISION
END - TO - END PROCESS – NOVEL, HIGHLY POTENT, OPTIMIZED MOLECULE HIT SCREENING WITH POINTHIT TM LEAD OPTIMIZATION WITH LEADOP GPT TM Step 1 Step 3 HIT TO LEAD WITH ACTIVESEARCH TM 5 ( 3 %) 164 Step 2 38 ( 23 %) In Vivo Activity 2 ( 0.5 %) 11 ( 2.5 %) Enzymatic Activity 440 Ordered Compounds Ordered Compounds 33 ( 54 %) 61 56 ( 92 %) PROPRIETARY PRODUCT CANDIDATE TARGET PROTEIN New MOA - no available crystallographic structure with limited computational data Enzymatic Activity In Vivo Activity Ordered Compounds Enzymatic Activity In Vivo Activity 10 * Performed by AgPlenus, Evogene ’ s wholly owned subsidiary EVOGENE'S SUBSIDIARY *
BOAZ MAOZ, MANAGING DIRECTOR, GOOGLE CLOUD ISRAEL AGENTS' INTEGRATION “ This expanded collaboration with Evogene demonstrates the power of integrating cutting - edge artificial intelligence into scientific research . By leveraging our technology to deploy advanced AI agents, we are enabling Evogene to automate and scale their complex discovery workflows . This foundation accelerates the speed and precision of identifying small molecules, further cementing Evogene's role as a leader in next - generation molecular design for the pharmaceutical and agricultural industries ” addressi ng product challeng es from day 0 11 TECHNOLOGICAL ACHIVMENT DURING THR FIRST HALF OF 2026 EXPANDED CHEMPASS AI TM VIRTUAL LIBRARY BY 300 % TO 110 BILLION UNIQUE, ENUMERATED, VENDOR - ACCESSIBLE COMPOUNDS E nabling AI - driven exploration of broader chemical space for novel pharmaceutical and agrochemical candidates. NOVEL AI MODEL FOR PREDICTING ANTIFUNGAL POTENCY Enables ChemPass AI for Ag to identify and prioritize antifungal molecules with a higher probability of biological success at early discovery stages.
12 PHARMA DIVISION – DRUGS EVOGENE – LOOKING FORWARD AG DIVISION* – AG - CHEMICALS AG DIVISION* – Operations in this field are conducted through our subsidiary, AgPlenus . ADDITIONAL TECH COLLABORATIONS TO MAINTAIN OUR COMPETITIVE ADVANTAGE • Progress in existing pipeline • New collaborations with biotech companies and academic institutions • Building relationships with pharmaceutical companies • Evaluation of projects for an internal pipeline • Progress in existing pipeline • New collaborations with ag - chem companies • Evaluation of projects for expanding internal pipeline
EARNINGS CALL Q 2 2026 AGENDA • Opening Remarks - By Nir Nimrodi, Evogene ’ s Chairman • CEO Update – By Ofer Haviv • Financial Report Review – By Polina Ravzin • Q&A
˥˨ 14 EVOGENE SUBSIDIARIES ’ ACTIVITY
CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION U.S. dollars in thousands | Unaudited June 30 , 2026 Dec. 31 , 2025 June 30 , 2026 Dec. 31 , 2025 ASSETS LIABILITIES AND EQUITY Current assets Cash and cash equivalents 9,316 12,956 Restricted cash 35 32 Trade receivables 384 317 Other receivables and prepaid expenses 1,026 1,565 Deferred expenses related to issuance of warrants – 551 Inventories 93 210 Total current assets 10,854 15,631 Long - term assets Long - term deposits and other receivables 531 571 Investment accounted for using the equity method – 43 Deferred expenses related to issuance of warrants – 1,165 Right - of - use assets 1,558 1,824 Property, plant and equipment, net 497 812 Total long - term assets 2,586 4,415 TOTAL ASSETS 13,440 20,046 Current liabilities Trade payables 394 639 Employees and payroll accruals 911 861 Lease liabilities 668 716 Liabilities in respect of government grants 89 56 Deferred revenues and other advances 21 17 Warrants and pre - funded warrants liability 659 706 Other payables 302 449 Total current liabilities 3,044 3,444 Long - term liabilities Lease liabilities 1,433 1,482 Liabilities in respect of government grants 3,130 3,073 Deferred revenues and other advances 65 72 Total long - term liabilities 4,628 4,627 TOTAL LIABILITIES 7,672 8,071 Shareholders' equity Ordinary shares 804 488 Share premium and other capital reserves 286,100 281,986 Accumulated deficit ( 290,194 ) ( 282,556 ) Equity attributable to equity holders of the Company ( 3,290 ) ( 82 ) Non - controlling interests 9,058 12,057 TOTAL EQUITY 5,768 11,975 TOTAL LIABILITIES AND EQUITY 13,440 20,046 Q 2 2026
CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS U.S. dollars in thousands (except share and per share amounts) | Unaudited Six months ended June 30 , Three months ended June 30 , Year ended Dec. 31 , 2026 2025 (*) 2026 2025 (*) 2025 (*) Audited Unaudited Revenues 681 2,877 347 534 3,503 Cost of revenues: Inventory impairment – – – – 2,180 Other cost of revenues 336 1,653 206 136 1,914 Total Cost of Revenues 336 1,653 206 136 4,094 Gross profit 345 1,224 141 398 ( 591 ) Operating expenses: Research and development, net 2,938 3,502 1,374 1,673 6,262 Sales and marketing 708 703 319 354 1,359 General and administrative 1,984 2,063 889 983 4,021 Other expenses (income) 102 ( 191 ) 122 – ( 205 ) Total operating expenses, net 5,732 6,077 2,704 3,010 11,437 Operating loss ( 5,387 ) ( 4,853 ) ( 2,563 ) ( 2,612 ) ( 12,028 ) Financing income 2,304 1,839 1,140 236 2,618 Financing expenses ( 4,045 ) ( 1,011 ) ( 168 ) ( 569 ) ( 1,841 ) Financing income (expenses), net ( 1,741 ) 828 972 ( 333 ) 777 Share of loss from equity accounted investment ( 43 ) ( 66 ) – ( 64 ) ( 39 ) Loss before taxes on income ( 7,171 ) ( 4,091 ) ( 1,591 ) ( 3,009 ) ( 11,290 ) Taxes on income (tax benefit) – 1 – 1 1 Loss from continuing operations ( 7,171 ) ( 4,092 ) ( 1,591 ) ( 3,010 ) ( 11,291 ) Income (loss) from discontinued operations, net ( 492 ) ( 3,579 ) ( 176 ) ( 1,671 ) 3,464 LOSS $ ( 7,663 ) ( 7,671 ) $ ( 1,767 ) ( 4,681 ) $ ( 7,827 ) (*) Reclassified to conform to the current period presentation, following the classification of certain operations as discont inu ed operations. Q 2 2026
EARNINGS CALL Q 2 2026 AGENDA • Opening Remarks - By Nir Nimrodi, Evogene ’ s Chairman • CEO Update – By Ofer Haviv • Financial Report Review – By Polina Ravzin • Q&A
THANK YOU