Company: GHRS
Filing Date: 2025-02-27
Form Type: 20-F
Source: 0001140361-25-006175
Chunk: 83

Company: GH Research PLC
Filing Date: 2025-02-27
Form: 20-F
Item: Item 5
Chunk 83
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. Operating and Financial Review and Prospects—B. Liquidity and Capital Resources—Sources of Liquidity” in our Annual Report on Form 20-F for the year ended December 31, 2023.
 
Cash Flows
 
Comparison of the Years Ended December 31, 2024 and 2023
 
The following table summarizes our cash flows for the years ended December 31, 2024 and 2023:
 

                                                                               Year Ended December 31,                        
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                                                       2024                    2023                          Change           
                                                           (in USD thousands)                                                 
Net cash used in:                                                                                                             
Net cash flows used in operating activities                     (42,285   )              (33,336   )                (8,949   )
Net cash flows from/(used in) investing activities               65,135                  (54,100   )               119,235    
Net cash flows used in financing activities                        (304   )                 (204   )                  (100   )
Net increase/(decrease) in cash and cash equivalents             22,546                  (87,640   )               110,186    
Net Cash Flows Used in Operating Activities
 
Net cash flows used in operating activities increased by $8.9 million to $42.3 million for the year ended December 31, 2024, from $33.3 million for the year ended December 31, 2023, primarily due to an increase in loss from operations for the year and movement in working capital.
  Table of Contents
Net Cash Flows From/(Used in) Investing Activities
 
Net cash flows from investing activities for the year ended December 31, 2024, is $65.1 million, a movement of $119.2 million from net cash flows used in investing activities of $54.1 million for the year ended December 31, 2023. Net cash from investing activities during the year ended December 31, 2024, comprised the receipt of proceeds from the sale of financial assets of $27.2 million and the redemption of marketable securities of $38.0 million.
 
Comparison of the Years Ended December 31, 2023 and 2022
 
For a discussion of our cash flows for the years ended December 31, 2023 and 2022, see the section “Item 5. Operating and Financial Review and Prospects—B. Liquidity and Capital Resources—Cash Flows—Comparison of the Years Ended December 31