Company: NCNA
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042709
Chunk: 188

Company: NuCana plc
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 188
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 the years ended December 31, 2023 and 2024.

                                                   Year ended December 31,                      
                                               2024                      2023                   
                                                   (in thousands)                               
Net cash used in operating activities              £     (19,118   )           £     (26,439   )
Net cash from investing activities                 79                                  2,888    
Net cash from (used in) financing activities               8,184                         (53   )
Net decrease in cash and cash equivalents          £     (10,855   )           £     (23,604   )
 
Operating activities. Net cash used in operating activities was £19.1 million in 2024 as compared to £26.4 million in 2023, a net decrease in cash outflows of £7.3 million. Operating loss cash flows were lower by £9.8 million in 2024, primarily reflecting lower research and development costs and movement in provisions in 2023. Working capital outflows were £2.2 million for the year ended December 31, 2024 as compared to working capital outflows of £1.3 million for the year ended December 31, 2023. In addition, a tax refund of £4.0 million was received in 2024 compared to £5.6 million in 2023.

Investing activities. Net cash from investing activities was £0.1 million in 2024 as compared to £2.9 million in 2023. Repayment of other assets totaled £2.6 million in the year ended December 31, 2023 with no similar repayment in 2024. Interest received in 2024 was £0.4 million compared with £0.8 million in 2023, a decrease of £0.4 million. In 2024, cash used to acquire intangible assets was £0.2 million lower than in 2023.
 
Financing activities. Net cash from financing activities was £8.2 million in 2024 as compared with net cash used in financing activities of £0.1 million in 2023 reflecting an increase in the proceeds from the issue of share capital.
The following table summarizes the results of our cash flows for the years ended December 31, 2022 and 2023.

                                                Year Ended December 31,                      
                                            2023                      2022                   
                                                (in thousands)                               
Net cash used in operating activities           £     (26,439