Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 76

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 76
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) for
the year ended December 31, 2024, compared to NIS 22,861 thousand (~ $6,268 thousand) for the year ended December 31, 2023.
This decrease is primarily attributable to our efforts to streamline and optimize our research and development expenses.

Selling
and marketing expenses, net

Selling
and marketing expenses increased by NIS 1,009 thousand (~ $277 thousand), or 27%, to NIS 4,796 thousand (~ $1,315 thousand) for the year
ended December 31, 2024, compared to NIS 3,787 thousand (~ $1,038 thousand) for the year ended December 31, 2023. The increase is attributable
mainly to higher marketing expenses in light of the efforts of achieving a footprint in the global markets.

General
and administrative expenses

General
and administrative expenses increased by NIS 1,346 thousand (~ $369 thousand), or 16%, to NIS 9,673 thousand (~ $2,652 thousand) for
the year ended December 31, 2024, compared to NIS 8,327 thousand (~ $2,283 thousand) for the year ended December 31, 2023.
The increase resulted primarily from expenses associated with capital raises conducted by the company during the year.

Financing
income (expenses), net

Financing
expenses, net, for the year ended December 31, 2024, were NIS 1,686 thousand (~ $462 thousand) and resulted mainly by interest and discount
expenses in respect of promissory notes and revaluation expenses incurred from partial exercise of Commitment Amount under the equity
line with YA. The expenses were partly offset by revaluation of derivative warrant liability, income from exchange rate differences and
interest in respect with bank deposits. Financing income, net, for the year ended December 31, 2023, were NIS 388 thousand (~ $106 thousand)
and resulted mainly from revaluation of derivative warrant liability, income from exchange rate differences and interest in respect with
bank deposits. This income was partly offset by interest and discount expenses in respect of promissory notes and revaluation expenses
incurred from partial exercise of Commitment Amount under the equity line with YA.

Net loss

Net
loss increased by NIS 1,103 thousand (~ $302 thousand), or 3%, to NIS 34,938 thousand (~ $9,580 thousand) for