Company: MDCXW
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001062993-25-015841
Chunk: 238

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-29
Form: S-1
Chunk 238
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 | $ |                     (0.81 | ) |     |      (0.66 | ) |
| Weighted average number of common shares outstanding - basic and diluted   |   |                  14,284,261 |   |     |   |  8,167,993 |   |     |   |                13,853,305 |   |     |  8,122,333 |   |

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

F-26

MEDICUS PHARMA LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(UNAUDITED)
For the Six Months Ended June 30, 2025 and 2024</div>

|                                                                                                           | Shares | Common shares |     | Amount |            |     |   | Additional 
    paid-in 
    capital |     |   | Accumulated 
 deficit     |   |     |   |      Total |   |
|:----------------------------------------------------------------------------------------------------------|:-------|--------------:|:----|:-------|-----------:|:----|:--|-----------:|:----|:--|:------------|:--|:----|:--|-----------:|:--|
| Balance as of December 31, 2024                                                                           |        |    11,816,721 |     | $      | 30,518,195 |     | $ |  1,520,412 |     | $ | (28,903,903 | ) |     | $ |  3,134,704 |   |
| Issuance of common shares and warrants in connection with Regulation A, net of issuance costs of $483,020 |        |     1,490,000 |     |        |  2,076,507 |     |   |  1,612,474 |     |   | -           |   |     |   |  3,688,981 |   |
| Issuance of common shares in connection with SEPA offering costs                                          |        |       105,840 |     |        |    300,000 |     |   |          - |     |   | -           |   |     |   |    300,000 |   |
| Issuance of common shares upon exercise of stock warrants                                                 |        |         5,000 |     |