Company: MDCXW
Filing Date: 2025-03-07
Form Type: 253G1
Source: 0001062993-25-004966
Chunk: 202

Company: Medicus Pharma Ltd.
Filing Date: 2025-03-07
Form: 253G1
Chunk 202
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 -           |   |     |  10,506,903 |   |
| Conversion of promissory notes                   |       |     |    647,224 |     |     2,724,566 |     |           - |     | -           |   |     |   2,724,566 |   |
| Conversion of note payable                       |       |     |     27,286 |     |       150,000 |     |           - |     | -           |   |     |     150,000 |   |
| Issuance of common shares                        |       |     |  1,277,426 |     |     5,109,950 |     |           - |     | -           |   |     |   5,109,950 |   |
| Net loss and comprehensive loss for the period   |       |     |          - |     |             - |     |           - |     | (3,936,284  | ) |     |  (3,936,284 | ) |
| Balance as at September 30, 2023                 |       |     |  8,076,673 |     |    19,835,839 |     |           - |     | (16,328,854 | ) |     |   3,506,985 |   |

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

<div align='center'>F-5

Medicus Pharma Ltd.

Condensed Consolidated Interim Statements of Cash Flows

(unaudited) (expressed in United States dollars)</div>

| For the nine months ended September 30,            |     |       2024 |   |     |       2023 |   |
|:---------------------------------------------------|:----|-----------:|:--|:----|-----------:|:--|
|                                                    |     |          $ |   |     |          $ |   |
| Operating activities                               |     |            |   |     |            |   |
| Net loss and comprehensive loss for the period     |     | (8,880,935 | ) |     | (3,936,284 | ) |
| Adjustments for non-cash items:                    |     |            |   |     |            |   |
| Finance expense, net                               |     |    106,252 |   |     |    500,579 |   |