Company: MDCXW
Filing Date: 2025-09-11
Form Type: DRS
Source: 0001062993-25-015568
Chunk: 266

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-11
Form: DRS
Chunk 266
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                                                                                                                                             |   |   3,248,710 |   |   |    3,134,704 |   |
| Total liabilities and shareholders' equity                                                                                                                             | $ |  11,934,628 |   | $ |    5,646,878 |   |

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

F-25</div>

| CONFIDENTIAL TREATMENT REQUESTED BY MEDICUS PHARMA LTD. 
 PURSUANT TO 17 C.F.R. SECTION 200.83                    |

<div align='center'>MEDICUS PHARMA LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(UNAUDITED)</div>

| Operating expenses:                                                        |   | Three months ended June 30, 
                        2025 |   |   |       2024 |   |   | Six months ended June 30, 
                      2025 |   |     |       2024 |   |
|:---------------------------------------------------------------------------|:--|----------------------------:|:--|:--|-----------:|:--|:--|--------------------------:|:--|:----|-----------:|:--|
| General and administrative                                                 | $ |                   4,576,524 |   | $ |  2,276,676 |   | $ |                 7,696,584 |   |     |  3,662,657 |   |
| Research and development                                                   |   |                   1,439,564 |   |   |  1,277,158 |   |   |                 3,445,778 |   |     |  1,598,535 |   |
| Total operating expenses                                                   |   |                   6,016,088 |   |   |  3,553,834 |   |   |                11,142,362 |   |     |  5,261,192 |   |
| Loss from operations                                                       |   |                  (6,016,088 | ) |   | (3,553,834 | ) |   |               (11,142,362 | ) |     | (5,261,192 | ) |
| Other income (expense):                                                    |   |                             |   |   |            |   |   |                           |   |     |            |   |
| Interest income