Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 201

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 201
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 are an integral part of
these consolidated financial statements.

F-7

NEWGENIVF GROUP LIMITED
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(Stated in US Dollars)</div>

| CASH FLOWS FROM OPERATING ACTIVITIES                                |     | December 31, 
 2024         |            |   |     | 2023** |            |   |     | 2022** |            |   |
|:--------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------|-----------:|:--|:----|:-------|-----------:|:--|
| Net (loss) income                                                   |     | $            |   (474,101 | ) |     | $      |    108,418 |   |     | $      |    135,847 |   |
| Adjustments to reconcile net (loss) income                          
 to net cash provided by operating activities:                       |     |              |            |   |     |        |            |   |     |        |            |   |
| Depreciation of plant and equipment                                 |     |              |     19,502 |   |     |        |     31,173 |   |     |        |    100,533 |   |
| Amortization of right-of-use assets                                 |     |              |    186,762 |   |     |        |    198,535 |   |     |        |    203,411 |   |
| Loss on disposal of plant and equipment                             |     |              |          — |   |     |        |          — |   |     |        |    114,013 |   |
| Amortisation of share-based compensation expense                    |     |              |     33,334 |   |     |        |          — |   |     |        |          — |   |
| Non cash discount on convertible notes                              |     |              |    402,500 |   |     |        |          — |   |     |        |          — |   |
| Provision of expected credit loss allowance                         |     |              |          — |   |     |        |        625 |   |     |        |     10,777 |   |
| Interest expense                                                    |     |