Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 249

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 249
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154 |   |

<div align='center'>The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

F-36

NEWGENIVF GROUP LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024
(Stated in US Dollars)</div>

| CASH FLOWS FROM OPERATING ACTIVITIES                                                     |     | For the Six Months Ended 
 June 30,                 
 2025                     |            |   |     | 2024 |            |   |
|:-----------------------------------------------------------------------------------------|:----|:-------------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net income (loss)                                                                        |     | $                        |    698,032 |   |     | $    |   (387,781 | ) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |     |                          |            |   |     |      |            |   |
| Depreciation of plant and equipment                                                      |     |                          |    (12,224 | ) |     |      |     12,619 |   |
| Amortization of right-of-use assets                                                      |     |                          |    (88,135 | ) |     |      |      4,442 |   |
| Finance cost                                                                             |     |                          |    120,335 |   |     |      |          — |   |
| Changes in operating assets and liabilities:                                             |     |                          |            |   |     |      |            |   |
| Accounts receivable                                                                      |     |                          |    (14,322 | ) |     |      |   (165,568 | ) |
| Inventories                                                                              |     |                          |    (15,281 | ) |     |      |     22,128 |   |
| Loan to A SPAC I                                                                         |     |                          |            |   |     |      |    140,000 |   |
| Deposit, prepayment and other receivables, net                                           |     |                          | (1,759,823 | ) |     |      |     25,137 |   |
| Accounts payable                                                                         |     |                          |   (422,710 | ) |     |      |  1,771,406 |   |
| Acc