Company: GHRS
Filing Date: 2025-07-29
Form Type: 20-F/A
Source: 0001140361-25-027850
Chunk: 282

Company: GH Research PLC
Filing Date: 2025-07-29
Form: 20-F/A
Chunk 282
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 Deficit.The amount of expense for all awards recognized for services received during the year ended December 31, 2024 was $ 1.2million (2023: $ 2.3million, 2022: $ 1.7million).

18.Financial risk management Financial risk factors The Board of Directors currently reviews the Group’s cash forecast and liquidity requirements. The Group’s activities expose it to a variety of financial risks including foreign exchange risk, credit risk, interest rate risk and liquidity risk. Foreign exchange risk The Group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the U.S. dollar, euro and pounds sterling. Transaction exposure arises because the amount of local currency paid or received in transactions denominated in foreign currencies may vary due to changes in exchange rates. Foreign exchange risk arises from:

| ● |     | forecast expenses denominated in a currency other than the entity’s functional currency; and |

| ● |     | recognized assets and liabilities denominated in a currency other than the entity’s functional currency. |

The Group’s cash, cash equivalents and other financial assetsare denominated in the following currencies:

|         |     |     2024 |         |     |  2024 |         |     |     2023 |         |     |  2023 |         |
|         |     |    Local 
 Currency 
     ‘000 |         |     | $’000 |         |     |    Local 
 Currency 
     ‘000 |         |     | $’000 |         |
| In USD  |     |          | 119,363 |     |       | 119,363 |     |          | 133,816 |     |       | 133,816 |
| In Euro |     |          |     723 |     |       |     752 |     |          |     187 |     |       |     207 |
| In GBP  |     |          |      50 |     |       |      63 |     |          |      10 |     |       |      12 |
|         |     |          |         |     |       | 120,178 |     |          |         |     |       | 134,035 |

**The Group is exposed to foreign exchange risk in respect of its subsidiary as its functional currency is euro. The subsidiary holds significant cash deposits and other financial assets denominated in U.S. dollar. Accordingly, future changes in