Company: MDCXW
Filing Date: 2025-11-19
Form Type: S-1
Source: 0001062993-25-016962
Chunk: 242

Company: Medicus Pharma Ltd.
Filing Date: 2025-11-19
Form: S-1
Chunk 242
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 of common shares outstanding - basic and diluted   |   |                      18,631,668 |   |   |  9,514,738 |   |   |                      16,844,607 |   |   |  9,037,153 |   |

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

<div align='center'>F-26

MEDICUS PHARMA LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' (DEFICIT) EQUITY

(UNAUDITED)

For the Nine Months Ended September 30, 2025 and 2024</div>

|                                                                                                               |     | Common shares 
        Shares |     |   |     Amount |     | Shares to be issued 
 Shares              |     |   | Amount |     |   | Additional 
    paid-in 
    capital |     |   | Accumulated 
 Deficit     |   |   | Accumulated   
 Other         
 Comprehensive 
 Income        |     |   | Non-        
 Controlling 
 Interest    |     |   |      Total |   |
|:--------------------------------------------------------------------------------------------------------------|:----|--------------:|:----|:--|-----------:|:----|:--------------------|:----|:--|:-------|:----|:--|-----------:|:----|:--|:------------|:--|:--|:--------------|:----|:--|:------------|:----|:--|-----------:|:--|
| Balance as of December 31, 2024                                                                               |     |    11,816,721 |     | $ | 30,518,195 |     | -                   |     | $ |        |     | $ |  1,520,412 |     | $ | (28,903,903 | ) | $ |               |     | $ |             |     | $ |  3,134,704 |   |
| Issuance of common shares and warrants in connection with Regulation A, net of issuance costs of $483,020     |     |     1,490,000 |     |   |  2,076,507 |     | -                   |     |   | -      |     |   |  1,612,474 |     |   | -           |   |   | -             |     |   | -           |     |   |