Interim report
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RNS Number : 7134UImmupharma PLC15 September 2026 RNS: RELEASE | 15th September 2026 ImmuPharma PLC ("ImmuPharma", the "Group" or the "Company") INTERIM RESULTS for the six months ended 30 June 2026 ImmuPharma PLC (LSE:IMM), ("ImmuPharma", the Group or the "Company"), the specialist drug discovery and development company, is pleased to announce its unaudited interim results for the six months ended 30 June 2026 (the "Period"). Key Highlights (including post Period review) Financials For the period ended 30 June 2026, the Group reported an operating loss of £1.1 million, compared to an operating loss of £1.2 million for the same period in 2025. R&D expenses amounted to £0.6 million compared to £0.7 million for 2025, with administrative expenses of £0.4 million in line with 2025. Share-based payments for the period were £0.04 million, compared with £0.05 million in the prior period. The overall reported loss for the period was £4.7 million compared with a loss of £1.9 million for the same period in 2025. The increase is due to the Company completing a calculation of fair value of the derivative financial asset that resulted in a finance loss of £3,355,774 which was recorded in the income statement. The restatement to fair value is calculated at the end of each accounting period and will vary according to the Company's share price performance, which as seen previously can result in either a finance gain or loss. As at 30 June 2026, the Group held a cash balance of £0.7 million, representing a increase from £0.4 million at 30 June 2025. The derivative financial asset was valued at £2 million, up from £0.6 million a year earlier. In March 2026, the Company announced an equity fundraising principally intended to support the accelerated development of Kapiglucagon while maintaining P140 as its principal development and partnering priority. Following shareholder's approval at a General Meeting on 7 April 2026, the Company completed a £6.0 million subscription with long-standing shareholder Lanstead Capital Investors L.P., together with approximately £0.47 million raised through a WRAP Retail Offer, resulting in aggregate gross fundraising proceeds of approximately £6.47 million. The Lanstead subscription is subject to a 20-month Sharing Agreement under which the ultimate cash proceeds received by the Company may be higher or lower than the £6.0 million subscription amount depending upon ImmuPharma's share price performance relative to the agreed benchmark price. At the time of the fundraising, the Directors stated that the new financing,
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together with existing funding, was expected to provide a cash runway to at least the second half of 2028, based on the assumptions set out in the fundraising announcement. Portfolio P140 technology platform · P140 remains the Company's lead asset and a core value driver, with continued progress during the Period across its scientific, precision medicine and intellectual property strategy. · In March 2026, the Company received its first Combined Search and Examination Report ("CSER") relating to the UK patent application filed in August 2025. The response represented an important milestone in the examination process. · During the 12-month priority period, ImmuPharma continued the experimental program supporting the P140 and Type M precision medicine approach and generated additional data supporting the scientific basis of the program. · Post period end, the Company filed an international Patent Cooperation Treaty ("PCT") application relating to P140 and Type M. The additional experimental data generated during the priority period were incorporated into the PCT application. See separate announcement made today. · During the priority period, ImmuPharma generated additional experimental data supporting the Type M precision medicine approach and further characterising the biologically defined patient population associated with an increased likelihood or magnitude of response to P140. · In June 2026, the Company noted early-stage research published by the University of Murcia in Autophagy relating to P140 and its potential application in glioblastoma. The findings provide further scientific evidence relating to P140 outside its original autoimmune setting, while the Company's primary development focus remains autoimmune disease. · Post period end, further peer-reviewed research from CNRS and the University of Strasbourg reported P140 activity in a preclinical model of metabolic dysfunction-associated steatohepatitis ("MASH"), providing additional evidence of P140 biological activity outside its original lupus setting. See separate announcement made today. P140 partnering · The Company continues to engage with Avion Pharmaceuticals, its US licensing partner for P140. Recent discussionshave been constructive, with Avion supportive of the recent scientific and intellectual property progress across theP140 program · Commercial partnering remained a key focus throughout the period. Discussions are advancing with the objective of securing a value-enhancing commercial deal for P140 in 2026. Kapiglucagon · During the Period, ImmuPharma completed and approved the overall development plan for Kapiglucagon, establishing the regulatory, manufacturing, nonclinical and bioanalytical activities required to progress the asset towards clinical development. · During the Period and subsequently, the Kapiglucagon program moved from development planning into active execution, with regulatory, API manufacturing, drug product development and bioanalytical activities initiated. · Specialist development partners have been selected across these workstreams to support progression of the program towards IND-enabling development and first-in-human clinical studies. · The regulatory strategy for Kapiglucagon was further developed during the Period, including preparation for interaction with the US FDA to inform key elements of the IND-enabling program and subsequent clinical development. Commenting on the statement and outlook Tim McCarthy, CEO and Chairman, said: "In the first half of 2026 and subsequently, we have completed additional studies to support the P140 and Type M precision medicine approach and generated additional data supporting the scientific basis of the program. These results have expanded the scientific package for the P140 patent application, which has now also been filed under the international Patent Cooperation Treaty. In April, we completed a successful fundraising of £6.47 million and initiated the accelerated development programme of Kapiglucagon.
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We remain focused on progressing our two key assets, P140 and Kapiglucagon, through their development programmes and in particular securing a value-enhancing commercial deal for P140 in 2026. In closing, I would like to thank our shareholders for their support as well as our staff, corporate and scientific advisers and our partners including CNRS and Avion." Market Abuse Regulation (MAR) Disclosure THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. For further information please contact: ImmuPharma PLC (www.immupharma.co.uk) Tim McCarthy, Chief Executive Officer and Chairman Lisa Baderoon, Head of Investor Relations + 44 (0) 7721 413496 SPARK Advisory Partners Limited (NOMAD) Neil Baldwin Stanford Capital Partners (Joint Broker) Patrick Claridge, Bob Pountney SI Capital (Joint Broker) Nick Emerson +44 (0) 203 368 8974 +44 (0) 203 650 3650 +44 (0) 1483 413500 A copy of the final report is available on the Company's website www.immupharma.co.uk ImmuPharma plc INTERIM RESULTS FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2026
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ImmuPharma plc Chairman's Statement Chairman's Report During the first half of 2026, ImmuPharma continued to make progress with its P140 autoimmune technology platform, which remains the Company's lead asset and a core value driver. In March 2026, the Company provided a positive update on the intellectual property position surrounding P140 following receipt of the first Combined Search and Examination Report ("CSER") relating to the UK patent application filed in August 2025. The response represented an important milestone in the examination process. During the 12-month priority period, ImmuPharma continued the experimental program supporting the P140 and Type M precision medicine approach and generated additional data that were subsequently incorporated into the international Patent Cooperation Treaty ("PCT") application filed in August 2026. The PCT filing represents the next stage in the Company's strategy to seek international patent protection for the intellectual property arising from its work on P140 and Type M. The Type M approach is intended to identify a biologically defined patient population in which the underlying immune dysfunction may be responsive to P140, supporting a precision medicine strategy for the development of P140 across autoimmune diseases. The additional experimental work has also contributed to the Company's broader understanding of the biological framework underlying P140 and autoimmune disease. In June 2026, the Company noted early-stage research published by the University of Murcia in the scientific journal Autophagy relating to P140 and its potential application in glioblastoma. The findings provide further scientific evidence relating to P140 outside its original autoimmune setting, while the Company's primary development focus for P140 remains autoimmune disease. Post period end, further peer-reviewed research from CNRS and the University of Strasbourg reported P140 activity in a preclinical model of metabolic dysfunction-associated steatohepatitis ("MASH"), providing additional evidence of P140 biological activity outside its original lupus setting. The Company continues to engage with Avion Pharmaceuticals, its US licensing partner for P140. Recent discussions have been constructive, with Avion supportive of the recent scientific and intellectual property progress across the P140 program Commercial partnering remained a key focus throughout the period. Discussions are advancing with the objective of securing a value-enhancing commercial deal for P140 in 2026. P140 - World's first immunormalizer P140 (Lupuzor™, forigerimod) is a first-in-class peptide therapeutic candidate being developed for autoimmuneand inflammatory diseases. ImmuPharma uses the term "immunormalizer" to describe P140's proposed therapeuticprofile: rather than broadly suppressing or modulating immune activity, P140 is designed to act on disease-drivingimmune dysfunction and restore a more physiological immune balance while preserving normal immune function.
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This differentiated approach is intended to address pathological immune biology further upstream in the diseaseprocess rather than focusing primarily on downstream inflammatory mechanisms. The Company's developmentstrategy combines: · normalization of disease-associated immune dysfunction while preserving normal immune function; · identification and enrichment of patients through the Type M precision medicine approach; and · the potential to achieve deeper and more durable disease control through a more pathology-selectivetherapeutic approach. Across clinical studies conducted to date, P140 has demonstrated a favourable safety and tolerability profile. A new therapeutic paradigm Many current treatments for autoimmune disease act on immune mechanisms that participate in both pathologicaland normal immune function. Their therapeutic effect therefore depends on modulating or partially suppressingthese pathways while retaining sufficient normal immune activity. ImmuPharma's strategy is different: to act further upstream on disease-associated immune dysfunction and restoreimmune homeostasis, while combining this therapeutic approach with patient selection based on underlyingimmune biology. The Company believes this combination of immune normalization and precision patient selection represents adifferentiated approach to the treatment of autoimmune disease. Type M & Diagnostic P140 is being developed alongside ImmuPharma's Type M precision medicine approach. Type M is intended toidentify a biologically defined patient population with an immune profile associated with an increased likelihoodor magnitude of response to P140. The Type M strategy is designed to: · enrich clinical development for patients most likely to derive substantial benefit from P140; · support more targeted and efficient clinical development; and · enable treatment strategies based increasingly on underlying disease biology rather than conventionaldisease classification alone. Kapiglucagon ImmuPharma is developing Kapiglucagon, a proprietary glucagon prodrug designed to overcome thephysicochemical and formulation limitations of native glucagon. The Company believes that these properties couldenable the use of glucagon in dual-hormone artificial pancreas systems and other applications requiring a stableaqueous glucagon formulation. Kapiglucagon uses a proprietary prodrug approach to improve the aqueous solubility and formulation stability ofglucagon while retaining native glucagon as the pharmacologically active species. Following subcutaneousadministration, the prodrug is designed to regenerate native glucagon in vivo. This approach is intended to combine the pharmacological properties of native glucagon with a formulation moresuitable for high-concentration aqueous presentation and potentially for use in advanced drug-delivery systems.Kapiglucagon is therefore being developed primarily as an enabling component for next-generation dual-hormoneartificial pancreas technologies. Kapiglucagon is a wholly proprietary ImmuPharma asset, with the associated intellectual property owned by theCompany. The molecule was conceived and developed internally, building on ImmuPharma's expertise in peptidescience and drug development. This ownership provides the Company with strategic flexibility acrossdevelopment, partnering and commercialisation.
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During 2026, ImmuPharma has made significant progress in advancing Kapiglucagon towards clinicaldevelopment, with the program moving from development planning into active regulatory, manufacturing andbioanalytical execution. During the first half of 2026, the Company completed and approved the overall development plan forKapiglucagon. The regulatory strategy includes planned interactions with the US FDA to obtain feedback on keyelements of the proposed development program and support progression towards IND (Investigational New Drug)submission and first-in-human clinical development. In parallel, regulatory, API manufacturing, drug product development and bioanalytical activities have beeninitiated. The Company has selected specialist development partners across these workstreams to support the IND-enabling program and progression towards first-in-human clinical development. Anti-Infection Anti-infective resistance continues to represent a significant global healthcare challenge, with an ongoing need for new therapeutic approaches against difficult-to-treat fungal and bacterial infections. ImmuPharma Biotech's peptide technology has generated a number of novel development programs, from which two core preclinical programs have been prioritised: BioAMB, targeting fungal infections, and BioCIN, targeting bacterial infections. Both programs build on established anti-infective pharmacology while applying ImmuPharma's proprietary technology with the objective of improving the pharmaceutical and therapeutic characteristics of the underlying agents. The programs remain in preclinical development and continue to be evaluated for their development, intellectual property and commercial potential. Centre National de la Recherche Scientifique ImmuPharma continues its scientific collaboration with the Centre National de la Recherche Scientifique ("CNRS") and associated academic research teams in support of its P140 research activities. Share issue In March 2026, the Company announced an equity fundraising principally intended to support the accelerated development of Kapiglucagon while maintaining P140 as its principal development and partnering priority. Following shareholder approval at a General Meeting on 7 April 2026, the Company completed a £6.0 million subscription with long-standing shareholder Lanstead Capital Investors L.P., together with approximately £0.47 million raised through a WRAP Retail Offer, resulting in aggregate gross fundraising proceeds of approximately £6.47 million. The Lanstead subscription is subject to a 20-month Sharing Agreement under which the ultimate cash proceeds received by the Company may be higher or lower than the £6.0 million subscription amount depending upon ImmuPharma's share price performance relative to the agreed benchmark price. At the time of the fundraising, the Directors stated that the new financing, together with existing funding, was expected to provide a cash runway to at least the second half of 2028, based on the assumptions set out in the fundraising announcement. Current Activities and Outlook The Board believes that progress during the first half of 2026, together with subsequent developments, has advanced both of the Company's principal development programs and established a clearer pathway for their continued progression.
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For P140, the focus remains on maximising the value of the program through continued scientific and intellectual property development, refinement of the regulatory and clinical development strategy, and progression of discussions to secure a value-enhancing commercial deal in 2026. For Kapiglucagon, the focus has moved from development planning into execution. Regulatory, API manufacturing, drug product and bioanalytical activities are now being progressed through a network of specialist development partners, with the objective of addressing key regulatory and technical requirements before advancing into the principal IND-enabling activities and first-in-human clinical development. Following the 2026 financing, the Company believes it is positioned to continue advancing these two differentiated peptide development programs while maintaining a disciplined approach to development expenditure and partnering strategy. The Company looks forward to reporting further progress across P140 and Kapiglucagon as their respective scientific, regulatory, development and commercial strategies advance. In closing, we would like to thank our shareholders for their continued support, as well as our staff, corporate andscientific advisers and our partners, including CNRS and Avion. Tim McCarthy Chairman & CEO 15th September 2026 ImmuPharma plc CONSOLIDATED INCOME STATEMENT FOR THE PERIOD ENDED 30 JUNE 2026 Note Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Continuing operations Research and development expenses (591,048) (1,161,545) (690,021) Administrative expenses (434,974) (1,031,188) (490,676) Share based expense (42,117) (87,707) (55,023) Other operating income - 9,231 5,889 Other operating expenses - (404,095) - Operating loss (1,068,139) (2,675,304) (1,229,831) Finance costs (3,639,134) (149,242) (743,435) Finance income 3,556 45,176 23,988 Loss before taxation (4,703,717) (2,779,370) (1,949,279) Tax - 295,871 110,403
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Loss for the period (4,703,717) (2,483,499) (1,838,875) Attributable to: Equity holders of the parent company (4,703,717) (2,483,499) (1,838,875) Loss per ordinary share Basic and diluted 2 (0.84)p (0.60)p (0.38)p ImmuPharma plc CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 JUNE 2026 Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Loss for the financial period (4,703,717) (1,807,661) (1,838,875) Other comprehensive income Items that will not be reclassified subsequently to profit or loss: Fair value gain/(loss) on investment - - - Fair value gain/(loss) on warrants - - - Total items that will not be reclassified subsequently to profit or loss - - - Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations (331,758) 20,566 (35,147) Total items that may be reclassified subsequently to profit or loss (337,758) 20,566 (35,147) Other comprehensive gain/(loss) for the period (331,758) 20,566 (35,147) Total comprehensive (loss) for the period (5,035,475) (1,787,095) (1,874,022)
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ImmuPharma p CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 Note Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Non-current assets Intangible assets - - 5,003 Property, plant and equipment Financial asset 64,797 - 64,528 - 74,284 - Derivative financial asset 4 624,771 - - Total non-current assets 689,568 64,528 79,287 Current assets Trade and other receivables 294,101 167,312 155,365 Cash and cash equivalents 695,836 1,352,249 396,648 Current tax asset - 294,932 358,750 Derivative financial asset 4 1,419,455 - 590,729 Total current assets 1,713,556 1,814,493 1,501,492 Current liabilities Trade and other payables (1,276,545) (1,192,159) (1,244,080) Total current liabilities (1,276,545) (1,192,159) (1,244,080) Net current assets 1,132,847 622,334 257,412 Net assets 1,822,415 686,862 336,699 EQUITY Ordinary shares 5 31,901,508 30,675,884 30,645,884 Share premium 36,217,936 31,363,498 31,183,135 Merger reserve 106,148 106,148 106,148 Other reserves 6,019,344 6,260,136 6,151,550 Retained earnings (72,422,521) (67,718,804) (67,750,018) Total equity 1,822,415 686,862 336,699 ImmuPharma plc
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 JUNE 2026 Ordinary shares£ Share premium £ MergerReserve£ Other reserves -AcquisitionReserve£ Otherreserves -TranslationReserve£ Other reserves-Share basedpaymentreserve£ Othe- At 1 January 2025 29,813,018 29,317,444 106,148 (3,541,203) (1,123,320) 9,077,838 1 Loss for the financial period - - - - - - Exchange differences - - - - (35,147) - Share based payments - - - - - 55,023 New issue of equity capital 832,867 2,159,133 - - - - Cost of new issue of equitycapital - (293,442) - - - - At 30 June 2025 unaudited 30,645,884 31,183,135 106,148 (3,541,203) (1,158,467) 9,132,861 1 At 1 January 2025 29,813,018 29,317,444 106,148 (3,541,203) (1,123,320) 9,077,838 1 Loss for the financial year - - - - - - Exchange differences ontranslation of foreign operations(OCI) - - - 20,566 - Share based payments - - - - - 107,896 New issue of equity capital 862,866 2,279,134 - - - - Costs of new issue of equitycapital - (233,080) - - - - At 31 December 2025 & 1January 2026 audited 30,675,884 31,363,498 106,148 (3,541,203) (1,102,754) 9,185,734 1 Loss for the financial period - - - - - - Exchange differences - - - - (331,758) -Share based payments - - - - - 42,117 New issue of equity capital 1,225,624 5,459,372 - - - - Cost of new issue of equitycapital - (604,934) - - - - At 30 June 2026 unaudited 30,645,884 36,217,936 106,148 (3,541,203) (1,434,512) 8,276,700 1 ImmuPharma plc CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE PERIOD ENDED 30 JUNE 2026 Note Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Cash flows from operating activities Cash used in operations 3 (479,625) (2,678,221) (1,004,244) Tax received - 314,540 - Interest paid (601) (8,696) (891) Net cash used in operating activities (480,226) (2,372,377) (1,005,135) Investing activities Purchase of property, plant and equipment (767) (1,652) - Proceeds from sale of investment - - - Purchase of investment - - - Grants received - 8,563 5,889 Interest received 3,556 5,713 2,109
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Net cash generated from investing activities 2,789 12,624 7,998 Financing activities Settlements from Sharing Agreement 331,613 2,397,659 399,177 Interest paid - - - Issue of ordinary share capital 5,459,372 1,267,000 2,992,000 Transaction costs on issue of share capital - (233,080) (328,692) Funds deferred per Sharing Agreement (6,000,000) - (1,875,000) Net cash generated from financing activities 209,015 3,431,579 1,187,485 Net increase/(decrease) in cash and cash equivalents (686,452) 1,071,826 190,348 Cash and cash equivalents at start of period 1,352,249 236,902 236,901 Effects of exchange rates on cash and cash equivalents 30,039 43,521 (30,601) Cash and cash equivalents at end of period 695,836 1,352,249 396,648 ImmuPharma plc NOTES TO THE CONSOLIDATED INTERIM ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2026 1 ACCOUNTING POLICIES Basis of preparation The interim financial information in this report has been prepared using accounting policies consistent with IFRS as adopted by the United Kingdom. IFRS is subject to amendment and interpretation by the International Accounting Standards Board (IASB) and the IFRS Interpretations Committee and there is an ongoing process of review and endorsement by the UK Endorsement Board. The financial information has been prepared on the basis of IFRS expected to be adopted by the United Kingdom and applicable as at 31 December 2025. The Group has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing the interim financial information. The accounting policies applied are consistent with those that were applied to the financial statements for the year ended 31 December 2025. Non-Statutory accounts The financial information set out in this interim report does not constitute the Group's statutory accounts, within the meaning of Section 434 of the Companies Act 2006. The statutory accounts for the year ended 31 December 2025 have been filed with the Registrar of Companies. The auditors reported on those accounts;
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their report was unqualified, did not contain a statement under either Section 498 (2) or Section 498 (3) of the Companies Act 2006 but did include emphasis of matter paragraph relating to the carrying value of Parent Company's investment in subsidiaries and receivables due from group undertakings, and a reference to which the auditor drew attention by way of emphasis without qualifying their report in respect of going concern. ImmuPharma plc NOTES TO THE CONSOLIDATED INTERIM ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2026 (Continued) 2 LOSS PER SHARE Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Loss Loss for the purposes of basic and diluted loss per share being net loss attributable to equity shareholders (4,703,717) (1,807,661) (1,838,875) Number of shares Weighted average number of ordinary shares for the purposes of basic loss per share 559,335,786 490,588,005 479,827,673 Basic loss per share (0.84)p (0.37)p (0.38)p Diluted loss per share (0.84)p (0.37)p (0.38)p There is no difference between basic loss per share and diluted loss per share as the share options and warrants are anti-dilutive. Deferred shares are excluded from the loss per share calculation as they have no attributable earnings. ImmuPharma plc
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NOTES TO THE CONSOLIDATED INTERIM ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2026 (Continued) 3 CASH USED IN OPERATIONS Unaudited 6 months ended 30 June 2026 Audited Year ended 31 December 2025 Unaudited 6 months ended 30 June 2025 £ £ £ Loss for the period (4,703,717) (1,807,661) (1,838,875) Depreciation & amortisation 498 35,296 86,639 Government grants received - (8,563) Loss on sale of fixed assets - - Share based payments 42,117 107,896 288,826 Loss/(gain) on derivatives 3,624,162 (361,998) 742,544 Decrease in trade & other receivables 126,789 86,652 98,599 Increase/(Decrease) in trade & other payables 84,400 (327,711) (110,154) Gain on foreign exchange 346,126 (37,633) 21,879 Taxation charge - (364,499) Cash used in operations (479,625) (2,678,221) (1,004,244) 4 Derivative Financial Asset In the placement completed in April 2026, the Company issued 100,000,000 new ordinary shares to Lanstead Capital Investors L.P. ("Lanstead") at a price of 6p per share to raise £6m gross. All Subscription proceeds were pledged under the Sharing Agreement, under which Lanstead made and will continue to make, subject to the terms and conditions of that Sharing Agreement, monthly settlements to the Company that are subject to adjustment upwards or downwards depending on the Company's share price performance. The Company also issued 12,000,000 new ordinary shares and 1,375,000 new ordinary shares to Lanstead as value payments and fee shares in connection with the Share Subscription and the Sharing Agreement. The settlements from the remaining Sharing Agreements will continue until December 2027. At the end of the accounting period the amount receivable has been adjusted to fair value based upon the share price of the Company at that date. Any change in the fair value of the derivative financial asset is reflected in the income statement. As at 30 June 2026, the Company completed a calculation of fair value of the derivative financial asset that resulted in a finance loss of £3,355,774 which was recorded in the income statement. The restatement to fair value will be calculated at the end of each accounting period during the course of the Sharing Agreement and will vary according to the Company's share price performance, which as seen previously can result in either a finance gain or loss. ImmuPharma plc NOTES TO THE CONSOLIDATED INTERIM ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2026 (Continued)
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5 Issued share capital At 30 June 2026, the Company had no limit on its authorised share capital. Allotted, called up and fully paid 30 June 2026 No. 31 December 2025 No. 30 June 2026 £ 31 December 2025 £ At start of year: Ordinary shares of £0.01 each 502,723,932 416,437,265 5,027,239 4,164,374 Deferred shares of £0.09 each 284,984,933 284,984,933 25,648,644 25,648,644 Movements during period: 13 February 2025 - 83,286,667 - 832,867 11 September 2025 - 2,500,000 - 25,000 17 September 2025 - 500,000 - 5,000 7 April 2026 122,562,447 - 1,225,624 At end of the period Ordinary shares of £0.01 each 625,286,379 502,723,932 6,252,864 5,027,239 Deferred shares of £0.09 each 284,984,933 284,984,933 25,648,644 25,648,644 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END