Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 170

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 170
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               Year ended December 31                                         
                                                                                                                                               2024                                                           
                                                                                                                                               %                                                              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Profit (loss) before income tax                                                                                                                                          ( 7,001        6,089       12,783  
  Theoretical tax expense (benefit)                                                                                                                                          1,610      ( 1,400      ( 2,940  
  Change in effective tax rate due to:                                                                                                                                                                        
  Tax benefits arising from reduced tax rate under the PTE regime                                                                                                          ( 1,007        ( 590          441  
  Decrease in taxes resulting from utilization of losses in the reported year for which deferred taxes were not recognized in prior years                                     ( 12        ( 843            -  
  Increase in taxes resulting from non-deductible expenses                                                                                                                     493        2,206          261  
  Increase in taxes resulting from losses in the reported year for which deferred taxes were not recognized                                                                    137          145        1,911  
  Tax expense (benefit)                                                                                                                                                      1,221        ( 482        ( 327  

NOTE 8 - OTHER PAYABLES:

                                          December 31                                       
                                          2024                                              
 ────────────────────────────────────────────────────────────────────────────────────────────
                                          U. S. dollars in thousands                        
  Accrued expenses                                                          605        356  
  Provision for income taxes                                              1,409          -  
  Employees and related institutions                                      2,470      2,083  
                                                                          4,484      2,439  

The carrying amounts of other payables, which are financial liabilities,
is a reasonable approximation of their fair value since the effect of discounting is immaterial.

NOTE 9 - STRATEGIC FUNDING:

On August 8, 2022, the Company signed a strategic
funding agreement with O. R. B. Spring Ltd. (“ O. R. B.”) of up to $4million to support the further growth of CyberKick and accelerate
its customer acquisition program. Under the terms of the agreement, O. R. B. will provide the Company with a cash commitment of $2million
(Tranches 1-2) with an additional $2million (Tranches 3-8) available subject to achievement of a certain financial milestone. The funding