NASDAQ : ANL
Adlai Nortye Ltd. — Financial statements
Healthcare · Biotechnology · Cayman Islands
Last price 9.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 615.00M
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Financial statements
Adlai Nortye Ltd. (ANL) reported revenue of 18.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 18.06M | 5.00M | 45.73M | |||
| Gross Profit | 18.06M | 5.00M | 45.73M | |||
| Selling, General & Admin | 10.01M | 8.26M | 9.95M | 15.29M | 13.04M | 12.45M |
| Research & Development | 32.22M | 32.83M | 44.91M | 58.15M | 54.49M | 42.10M |
| Other Operating Expenses | -1.88M | -396.00K | -1.94M | -890.00K | -259.00K | -183.00K |
| Operating Expenses | 40.35M | 40.70M | 52.93M | 72.55M | 67.27M | 54.37M |
| Operating Income | -22.29M | -35.70M | -52.93M | -72.55M | -67.27M | -8.65M |
| Interest Expense | -1.31M | -1.49M | -1.94M | -791.00K | -433.00K | -1.34M |
| Interest & Investment Income | 1.00K | 62.00K | 550.00K | 32.00K | ||
| Earnings From Equity Investments | -42.00K | -3.00K | -4.00K | |||
| Other Non Operating Income (Expenses) | 1.12M | 1.66M | 3.01M | -35.95M | 7.88M | -46.77M |
| EBT Excluding Unusual Items | -22.53M | -35.53M | -51.87M | -109.23M | -59.27M | -56.72M |
| Gain (Loss) on Sale of Investments | 484.00K | 40.00K | ||||
| Pretax Income | -22.53M | -35.53M | -51.87M | -109.23M | -58.79M | -56.68M |
| Net Income | -22.53M | -35.53M | -51.87M | -109.23M | -58.79M | -56.68M |
| Net Income to Common | -22.53M | -35.53M | -51.87M | -109.23M | -58.79M | -56.68M |
| Shares Outstanding (Basic) | 39.88M | 31.97M | 31.93M | 14.45M | 8.48M | 8.48M |
| Shares Outstanding (Diluted) | 39.88M | 31.97M | 31.93M | 14.45M | 8.48M | 8.48M |
| EPS (Basic) | -0.56 | -1.11 | -1.62 | -7.56 | -6.93 | -6.68 |
| EPS (Diluted) | -0.56 | -1.11 | -1.62 | -7.56 | -6.93 | -6.68 |
| Free Cash Flow | -33.87M | -33.64M | -51.99M | -56.85M | -44.47M | -4.05M |
| Free Cash Flow Per Share | -0.85 | -1.05 | -1.63 | -3.94 | -5.24 | -0.48 |
| Gross Margin | 100.00% | 100.00% | 100.00% | |||
| Operating Margin | -123.47% | -713.96% | -18.91% | |||
| Profit Margin | -124.77% | -710.56% | -123.95% | |||
| Free Cash Flow Margin | -187.59% | -672.78% | -8.86% | |||
| EBITDA | -21.65M | -34.94M | -51.92M | -71.31M | -66.32M | -7.77M |
| EBITDA Margin | -119.91% | -16.99% | ||||
| D&A For EBITDA | 642.50K | 763.00K | 1.00M | 1.24M | 951.00K | 877.00K |
| EBIT | -22.29M | -35.70M | -52.93M | -72.55M | -67.27M | -8.65M |
| EBIT Margin | -123.47% | -18.91% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 132.59M | 8.06M | 60.90M | 91.49M | 42.76M | 64.13M |
| Short-Term Investments | 99.30M | 907.00K | 250.00K | 7.22M | 246.00K | 345.00K |
| Trading Asset Securities | 931.00K | 7.00K | 7.00K | 21.29M | 53.81M | |
| Cash & Short-Term Investments | 232.82M | 8.96M | 61.16M | 98.72M | 64.29M | 118.28M |
| Other Receivables | 16.00K | 15.00K | 14.00K | |||
| Receivables | 280.00K | 15.00K | 14.00K | |||
| Prepaid Expenses | 7.70M | 1.72M | 1.98M | 2.34M | 1.91M | 4.67M |
| Restricted Cash | 80.00K | 15.73M | ||||
| Other Current Assets | 468.00K | 910.00K | 135.00K | 100.00K | 1.59M | |
| Total Current Assets | 240.88M | 26.89M | 64.06M | 101.19M | 66.30M | 124.54M |
| Property, Plant & Equipment | 2.85M | 3.02M | 2.71M | 3.80M | 5.88M | 6.59M |
| Long-Term Investments | 4.34M | 4.25M | 4.16M | 24.85M | ||
| Other Intangible Assets | 8.00K | 19.00K | 40.00K | 63.00K | 89.00K | 97.00K |
| Other Long-Term Assets | 280.00K | 253.00K | 304.00K | 282.00K | 327.00K | 455.00K |
| Total Assets | 248.36M | 34.43M | 71.27M | 130.19M | 72.59M | 131.69M |
| Accounts Payable | 4.61M | 12.64M | 10.15M | 14.35M | 13.10M | 2.98M |
| Accrued Expenses | 3.14M | 3.06M | 3.81M | 3.62M | 2.49M | |
| Short-Term Debt | 17.62M | 24.58M | 26.33M | 30.36M | 4.31M | 10.46M |
| Current Portion of Long-Term Debt | 290.37M | |||||
| Current Portion of Leases | 772.00K | 667.00K | 471.00K | 722.00K | 1.00M | 834.00K |
| Current Income Taxes Payable | 18.00K | 75.00K | 130.00K | |||
| Current Unearned Revenue | 5.00M | |||||
| Other Current Liabilities | 2.22M | 579.00K | 275.00K | 303.00K | 255.00K | 738.00K |
| Total Current Liabilities | 25.22M | 41.63M | 45.36M | 49.67M | 312.65M | 17.50M |
| Long-Term Debt | 7.34M | 297.56M | ||||
| Long-Term Leases | 969.00K | 1.13M | 425.00K | 469.00K | 1.24M | 2.05M |
| Long-Term Unearned Revenue | 5.00M | |||||
| Total Liabilities | 33.53M | 42.76M | 45.78M | 55.14M | 313.89M | 317.11M |
| Common Stock | 19.00K | 12.00K | 11.00K | 11.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 670.21M | 439.27M | 439.02M | 438.71M | 6.42M | 6.42M |
| Retained Earnings | -470.18M | -464.85M | -429.32M | -377.45M | -268.22M | -209.43M |
| Comprehensive Income & Other | 14.78M | 17.25M | 15.78M | 13.78M | 9.53M | 6.60M |
| Total Common Equity | 214.83M | -8.32M | 25.48M | 75.05M | -252.27M | -196.41M |
| Shareholders' Equity | 214.83M | -8.32M | 25.48M | 75.05M | -241.29M | -185.43M |
| Total Liabilities & Equity | 248.36M | 34.43M | 71.27M | 130.19M | 72.59M | 131.69M |
| Total Debt | 26.70M | 26.38M | 27.23M | 31.55M | 296.91M | 310.91M |
| Net Cash (Debt) | 206.12M | -17.41M | 33.93M | 67.17M | -232.62M | -192.62M |
| Net Cash Per Share | 5.17 | -0.54 | 1.06 | 4.65 | -27.43 | -22.71 |
| Filing Date Shares Outstanding | 64.40M | 40.00M | 36.90M | 36.90M | 13.48M | 13.48M |
| Total Common Shares Outstanding | 64.40M | 40.00M | 36.90M | 36.90M | 13.48M | 13.48M |
| Working Capital | 215.66M | -14.74M | 18.70M | 51.52M | -246.35M | 107.05M |
| Book Value Per Share | 3.34 | -0.21 | 0.69 | 2.03 | -18.71 | -14.57 |
| Tangible Book Value | 214.82M | -8.34M | 25.45M | 74.98M | -252.36M | -196.50M |
| Tangible Book Value Per Share | 3.34 | -0.21 | 0.69 | 2.03 | -18.72 | -14.58 |
| Machinery | 3.21M | 3.14M | 4.07M | 4.01M | 3.91M | |
| Leasehold Improvements | 2.47M | 2.24M | 2.52M | 2.53M | 1.99M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -22.53M | -35.53M | -51.87M | -109.23M | -58.79M | -56.68M |
| Depreciation & Amortization | 1.41M | 1.41M | 1.87M | 2.22M | 2.04M | 1.83M |
| Other Amortization | 758.00K | |||||
| Loss (Gain) From Sale of Assets | 23.00K | -7.00K | 5.00K | |||
| Loss (Gain) From Sale of Investments | -484.00K | -40.00K | ||||
| Loss (Gain) on Equity Investments | 3.00K | 3.00K | 4.00K | |||
| Stock-Based Compensation | 1.53M | 1.53M | 2.45M | 4.33M | 6.08M | 3.39M |
| Other Operating Activities | -11.82M | 1.41M | 1.24M | 39.90M | -7.31M | 47.46M |
| Change in Accounts Payable | 2.49M | 2.49M | -4.20M | 1.25M | 10.12M | 600.00K |
| Change in Unearned Revenue | -5.00M | -5.00M | 5.00M | |||
| Change in Other Net Operating Assets | 223.00K | 223.00K | -1.34M | -128.00K | 5.13M | -350.00K |
| Operating Cash Flow | -33.69M | -33.45M | -51.82M | -56.65M | -43.22M | -3.03M |
| Capital Expenditures | -187.00K | -187.00K | -170.00K | -200.00K | -1.25M | -1.02M |
| Sale of Property, Plant & Equipment | 33.00K | 1.00K | 17.00K | |||
| Sale (Purchase) of Intangibles | -19.00K | -102.00K | ||||
| Investment in Securities | -15.39M | -15.39M | 27.50M | -10.82M | 29.08M | -53.77M |
| Other Investing Activities | -65.56M | 1.00K | 701.00K | 62.00K | 550.00K | 32.00K |
| Investing Cash Flow | -81.14M | -15.58M | 28.07M | -10.95M | 28.38M | -54.86M |
| Short-Term Debt Issued | 37.72M | 44.70M | 50.23M | 12.41M | ||
| Long-Term Debt Issued | 7.90M | |||||
| Total Debt Issued | 37.72M | 37.72M | 44.70M | 50.23M | 7.90M | 12.41M |
| Short-Term Debt Repaid | -39.73M | -48.54M | -24.07M | -10.43M | ||
| Long-Term Debt Repaid | -633.00K | -1.02M | -1.10M | -14.38M | -966.00K | |
| Lease Payments | -633.00K | -633.00K | -1.02M | -1.10M | -1.07M | -966.00K |
| Total Debt Repaid | -40.36M | -40.36M | -49.56M | -25.17M | -14.38M | -11.40M |
| Net Debt Issued (Repaid) | -2.64M | -2.64M | -4.86M | 25.06M | -6.49M | 1.01M |
| Issuance of Common Stock | 152.00K | 91.78M | ||||
| Other Financing Activities | 205.39M | -1.17M | -1.87M | -602.00K | -292.00K | -1.19M |
| Financing Cash Flow | 202.75M | -3.81M | -6.58M | 116.24M | -6.78M | 97.20M |
| Foreign Exchange Rate Adjustments | 454.00K | -3.00K | -257.00K | 100.00K | 254.00K | 561.00K |
| Net Cash Flow | 88.37M | -52.85M | -30.59M | 48.73M | -21.37M | 39.87M |
| Free Cash Flow | -33.87M | -33.64M | -51.99M | -56.85M | -44.47M | -4.05M |
| Free Cash Flow Margin | -187.59% | -672.78% | -8.86% | |||
| Free Cash Flow Per Share | -0.85 | -1.05 | -1.63 | -3.94 | -5.24 | -0.48 |
| Levered Free Cash Flow | -11.45M | -37.69M | -30.61M | -38.33M | -20.44M | -644.38K |
| Unlevered Free Cash Flow | -10.63M | -36.76M | -29.40M | -37.83M | -20.17M | 191.25K |
| Free Cash Flow After Leases | -34.51M | -34.27M | -53.01M | -57.95M | -45.54M | -5.02M |
| Cash Interest Paid | 1.17M | 1.17M | 1.87M | 602.00K | 292.00K | 427.00K |
| Change in Working Capital | -2.29M | -2.29M | -5.54M | 6.12M | 15.25M | 250.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 615.00M | 52.40M | 99.08M | 331.73M | ||
| Enterprise Value | 408.88M | 52.82M | 40.63M | 639.93M | ||
| Last Close Price | 9.55 | 1.42 | 2.69 | 8.99 | ||
| PS Ratio | 34.06 | 10.48 | ||||
| PB Ratio | 2.86 | -6.30 | 3.89 | 4.42 | ||
| P/TBV Ratio | 2.86 | 3.89 | 4.42 | |||
| EV/Sales Ratio | 22.65 | 10.56 | ||||
| Debt / Equity Ratio | 0.12 | -3.17 | 1.07 | 0.42 | -1.23 | -1.68 |
| Net Debt / Equity Ratio | -0.96 | -2.09 | -1.33 | -0.90 | -0.96 | -1.04 |
| Net Debt / EBITDA Ratio | 9.52 | -0.50 | 0.65 | 0.94 | -3.51 | -24.79 |
| Net Debt / FCF Ratio | 6.08 | -0.52 | 0.65 | 1.18 | -5.23 | -47.54 |
| Asset Turnover | 0.11 | 0.10 | 0.54 | |||
| Quick Ratio | 9.24 | 0.22 | 1.35 | 1.99 | 0.21 | 6.76 |
| Current Ratio | 9.55 | 0.65 | 1.41 | 2.04 | 0.21 | 7.12 |
| Return on Equity (ROE) | -20.23% | -414.01% | -103.19% | |||
| Return on Assets (ROA) | -8.70% | -42.22% | -32.84% | -44.72% | -41.16% | -6.38% |
| Return on Capital Employed (ROCE) | -10.00% | 496.20% | -204.30% | -90.10% | 28.00% | -7.60% |
| Earnings Yield | -5.92% | -67.80% | -52.35% | -32.93% | ||
| FCF Yield | -5.51% | -64.20% | -52.47% | -17.14% | ||
| Buyback Yield / Dilution | -14.47% | -0.15% | -120.98% | -70.37% |