Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 817

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 817
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        |     |                                  |     |            |
|:------------------------|:----|:---------------------------------|:----|:-----------|
| Date of approval of the 
 financial statements    |     | Ronen Twito                      
 Executive Chairman and President |     | Uri Ben Or 
 CFO        |

The accompanying Notes are an integral part of the financial statements.

Annex G-3

KADIMASTEM LTD.
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

|                                                                                                             |     | Note |     |                  Year ended December 31, 
                                     2023 |   |     |  2022 |    |     |  2021 |    |
|:------------------------------------------------------------------------------------------------------------|:----|-----:|:----|-----------------------------------------:|:--|:----|------:|:---|:----|------:|:---|
|                                                                                                             |     |      |     | USD in thousands (except per share data) |   |     |       |    |     |       |    |
| Research and development expenses, net                                                                      |     |  20a |     |                                    1,608 |   |     | 4,490 |    |     | 5,301 |    |
| Marketing expenses                                                                                          |     |  20b |     |                                       81 |   |     |   264 |    |     |   149 |    |
| General and administrative expenses                                                                         |     |  20c |     |                                    1,303 |   |     | 1,800 |    |     | 2,074 |    |
| Operating loss                                                                                              |     |      |     |                                    2,992 |   |     | 6,554 |    |     | 7,524 |    |
| Financing expenses, net                                                                                     |     |  20d |     |                                      317 |   |     |   261 |    |     |   749 |    |
| Loss before taxes on income                                                                                 |     |      |     |                                    3,309 |   |     | 6,815 |    |     | 8,273 |    |
| Tax benefit                                                                                                 |     |   16 |     |                                      (54 | ) |     |   (50 | )  |     |  (137 | )  |
| Total loss                                                                                                  |     |      |     |                                    3,