Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 809

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 809
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 currency risk, and liquidity risk. The Company’s senior management oversees the management of these risks. 1. Market risk Market risk is the risk that the fair value or future cash flows from a financial instrument will change because of changes in market prices. Market risks include three types of risk: interest rate risk, currency risk, and other price risks, such as stock price risk and commodity price risk. Financial instruments that are affected by the market risk include, among others, loans and borrowings and deposits. 2. Interest risk The interest risk is the risk that future fair value or cash flows from a financial instrument will change because of changes in the market interest rate.

Annex G-21

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 13: — Financial Instruments (cont.) 3. Foreign currency risk The Company is exposed to an exchange rate risk arising from exposure to various currencies, mainly the US dollar and the euro. The exchange rate risk arises from recognized liabilities that are denominated in a foreign currency that is not the functional currency. 4.Foreign currency sensitivity analysis: The table below demonstrates the sensitivity test to a reasonably possible change in dollar exchange rates, while all other variables remain unchanged. The impact on the Company’s pre -taxloss is due to the changes in the fair value of assets and liabilities.

|                                                         |     |      December 31 |   |     |      |   |
|                                                         |     |             2024 |   |     | 2023 |   |
|                                                         |     | USD in thousands |   |     |      |   |
| Sensitivity test to changes in the dollar exchange rate |     |                  |   |     |      |   |
| Profit (loss) from the change, before tax:              |     |                  |   |     |      |   |
| A 5% exchange rate increase                             |     |             (325 | ) |     |   13 |   |
| A 5% exchange rate decrease                             |     |              325 |   |     |  (13 | ) |

5. Liquidity risks The Company monitors the risk to a shortage of funds using a liquidity planning tool. The table below summarizes the maturity profile of the Company’s financial liabilities based on contractual undiscounted payments (including interest payments): December 31, 2024

|                                |     |            Up to 
         one year |     | One to    
 two years |     | Two to      
 three