Quarterly Activities/Appendix 4C Cash Flow Report
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Released
Announcement PDF
ASX RELEASE
31 July 2025
QUARTERLY ACTIVITIES AND CASH FLOW REPORTS
Melbourne, Australia: Amplia Therapeutics Limited (ASX: ATX), (“Amplia” or the “Company”), a
company developing new approaches for the treatment for cancer and fibrosis, is pleased to announce
further progress across its small molecule, focal adhesion kinase (FAK) inhibitor program and the
release of its Appendix 4C Cash Flow Report (attached) for the quarter ending 30 June 2025.
Key Highlights
•
The ACCENT trial achieved a key activity threshold with 17 confirmed partial responses (PRs),
showing a 31% response rate for narmafotinib combined with chemotherapy, which is superior
to chemotherapy alone (23%).
•
Two patients achieved complete responses, including one patient with undetectable cancer
lesions for over two months and another with a rare pathological complete response in
metastatic pancreatic cancer, garnering significant media attention.
•
Progress has been made in initiating a second trial of narmafotinib, combining it with
FOLFIRINOX chemotherapy in the USA and Australia, with ethics approvals now secured for
both regions.
•
Dr Jason Lickliter was appointed Chief Medical Officer in May, bringing extensive experience
as a medical oncologist and clinical triallist, having advised Amplia since 2021.
•
ACCENT trial data was presented for the initial 26-patient cohort at the prestigious American
Association of Cancer Research annual meeting in April.
•
$27.5m capital raise announced in July 2025, funding the company into 2027
Operations Update
Significant developments in the ACCENT trial were achieved over this quarter. In May we reported that
we had achieved the key activity threshold of 15 confirmed partial responses (PRs), demonstrating that
the combination of our best-in-class FAK inhibitor narmafotinib with chemotherapy was superior to
chemotherapy alone. At the time of writing we now have reported 17 confirmed PR’s, which equates
to a response rate of 31%, superior to the 23% response rate observed for chemotherapy alone.
In June we announced that two (2) patients from the trial had achieved complete responses. In one
patient, the cancer lesions had decreased in size over the course of treatment to become no longer
detectable for over a 2-month period. In the second patient, surgical removal of tissue that appeared
to be residual tumour was shown by pathology to be non-malignant tissue, meaning that the patient
had achieved a pathological complete response. This latter finding is extremely rare in metastatic
pancreatic cancer and resulted in significant media attention for the patient and the hospital where
the treatment was delivered.
Further progress has been made towards initiation of the second trial of narmafotinib in pancreatic
cancer, this time combining the drug with a different chemotherapy called FOLFIRINOX. This trial, to
will be conducted in the USA and Australia, is designed to demonstrate that narmafotinib can also
improve the response to FOLFIRINOX. In June we announced that ethics approval had been received
Level 17, 350 Queen St, Melbourne VIC 3000
Email info@ampliatx.com
www.ampliatx.com
from the central US Institutional Review Board (IRB), a critical approval required before sites can
initiate patient recruitment. We have now also received similar ethics approval for the Australian sites.
The first stage of the trial, where different doses of narmafotinib will be trialled in combination with
FOLFIRINOX, is due to start imminently.
In May, the Company announced the appointment of Dr Jason Lickliter as Chief Medical Officer. Dr
Lickliter is a highly experienced medical oncologist and clinical triallist and joins the Company in a parttime capacity, whilst retaining a CMO role at clinical trials organisation Nucleus Network. Dr Lickliter
has been acting in the role of clinical adviser to Amplia since 2021 and has a deep knowledge of our
clinical program and data.
In April, the Company presented ACCENT trial data for the initial cohort of 26 patients at the American
Association of Cancer Research annual meeting, a highly prestigious cancer meeting that attracts
scientists, clinicians and representatives from pharma and biotech from across the globe.
Outlook and future activities
The Company will continue to collect, analyse and report data from the ongoing ACCENT trial over the
coming months. Initiation and progression of the FOLFIRINOX and narmafotinib combination trial,
being conducted in the USA and Australia, will also be a major focus of the Amplia team. Interactions
with regulatory agencies, in particular the US FDA, is also planned in the coming months.
Capital Raise
On 23 July the Company announced a capital raise of $27.5 million (before costs) to support the
ongoing clinical activities and additional planned activities, funding the Company into 2027. The capital
raise comprises a successful institutional placement raising $25.0 million (before costs) and a Share
Purchase Plan seeking to raise an additional $2.5 million. The Placement was strongly supported by
existing and new institutional and sophisticated investors in Australia and offshore.
Financial update
Amplia finished the June 2025 quarter with a cash position of $7.0 million (March 2025: $10.9 million).
During the quarter, the Company had net operating cash outflows of $3.8 million in relation to
operating activities (March 2025: $2.7 million). Operating cashflows included:
•
•
Outflows of $0.9 million for staff and administration/corporate costs; and
Outflows of $3.0 million for research and development costs, which primarily related to trial
costs, Contract Research Organisation (CRO), manufacturing and other CMC related costs
incurred in relation to the ACCENT Phase 2 clinical trial for narmafotinib (AMP945) with
gemcitabine and Abraxane® and initiation costs with its AMPLICITY Phase 2 study clinical trial
for narmafotinib (AMP945) with FOLFIRINOX.
The Company is also expecting to receive its Research and Development Tax Incentive refund for the
year ended 31 March 2025 of $3.8m in the September 2025 quarter.
Payments to Related Entities
In accordance with Listing Rule 4.7C, payments made to related parties and their associates included
in item 6.1 of the Appendix 4C incorporates directors’ fees, salaries and superannuation. Total
payments made for the quarter equals $175,000 and relate to payments to the CEO/Managing Director
in line with employment contracts and payments to the Non-Executive Directors.
- End -
For Further Information
Dr. Christopher Burns
CEO and Managing Director
Chris@ampliatx.com
www.ampliatx.com
About Amplia Therapeutics Limited
Amplia Therapeutics Limited is an Australian pharmaceutical company advancing a pipeline of Focal
Adhesion Kinase (FAK) inhibitors for cancer and fibrosis. FAK is an increasingly important target in the
field of cancer and Amplia has a particular development focus in fibrotic cancers such as pancreatic
cancer. FAK also plays a significant role in a number of chronic diseases, such as idiopathic pulmonary
fibrosis (IPF). For more information visit www.ampliatx.com and follow Amplia on Twitter (@ampliatx)
and LinkedIn.
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities
subject to Listing Rule 4.7B
Name of entity
AMPLIA THERAPEUTICS LIMITED
ABN
Quarter ended (“current quarter”)
16 165 160 841
30 June 2025
Consolidated statement of cash flows
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
Current quarter
$A’000
Year to date
(3 months)
$A’000
-
-
(2,988)
(2,988)
(b) product manufacturing and operating
costs
-
-
(c) advertising and marketing
-
-
(d) leased assets
-
-
(e) staff costs
(539)
(539)
(f)
(356)
(356)
-
-
88
88
(a) research and development
administration and corporate costs
1.3
Dividends received (see note 3)
1.4
Interest received
1.5
Interest and other costs of finance paid
-
-
1.6
Income taxes paid
-
-
1.7
Government grants and tax incentives
-
-
1.8
Other (payment of GST)
(14)
(14)
1.9
Net cash from / (used in) operating
activities
(3,809)
(3,809)
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(a) entities
-
-
(b) businesses
-
-
(5)
(5)
(d) investments
-
-
(e) intellectual property
-
-
(f)
-
-
(c) property, plant and equipment
other non-current assets
ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows
2.2
Current quarter
$A’000
Year to date
(3 months)
$A’000
Proceeds from disposal of:
(a) entities
-
-
(b) businesses
-
-
(c) property, plant and equipment
-
-
(d) investments
-
-
(e) intellectual property
-
-
(f)
-
-
other non-current assets
2.3
Cash flows from loans to other entities
-
-
2.4
Dividends received (see note 3)
-
-
2.5
Other (bank guarantee and security
deposit)
(64)
(64)
2.6
Net cash from / (used in) investing
activities
(69)
(69)
3.
Cash flows from financing activities
3.1
Proceeds from issues of equity securities
(excluding convertible debt securities)
-
-
3.2
Proceeds from issue of convertible debt
securities
-
-
3.3
Proceeds from exercise of options
-
-
3.4
Transaction costs related to issues of
equity securities or convertible debt
securities
-
-
3.5
Proceeds from borrowings
-
-
3.6
Repayment of borrowings
-
-
3.7
Transaction costs related to loans and
borrowings
-
-
3.8
Dividends paid
-
-
3.9
Other (repayment of lease liability)
(14)
(14)
3.10
Net cash from / (used in) financing
activities
(14)
(14)
4.
Net increase / (decrease) in cash and
cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period
10,863
10,863
4.2
Net cash from / (used in) operating
activities (item 1.9 above)
(3,809)
(3,809)
4.3
Net cash from / (used in) investing activities
(item 2.6 above)
(69)
(69)
ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 2
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows
Current quarter
$A’000
Year to date
(3 months)
$A’000
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
(14)
(14)
4.5
Effect of movement in exchange rates on
cash held
(8)
(8)
4.6
Cash and cash equivalents at end of
period
6,963
6,963
5.
Reconciliation of cash and cash
equivalents
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
Current quarter
$A’000
Previous quarter
$A’000
5.1
Bank balances
1,338
627
5.2
Call deposits
5,625
10,236
5.3
Bank overdrafts
-
-
5.4
Other (provide details)
5.5
Cash and cash equivalents at end of
quarter (should equal item 4.6 above)
6,963
10,863
6.
Payments to related parties of the entity and their
associates
6.1
Aggregate amount of payments to related parties and their associates
included in item 1
175
6.2
Aggregate amount of payments to related parties and their associates
included in item 2
-
Current quarter
$A'000
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.
The amount at 6.1 includes Director fees and salary (including superannuation) for the CEO and Managing
Director and Non-Executive Directors.
ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 3
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
7.
Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.
Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
7.1
Loan facilities
-
-
7.2
Credit standby arrangements
-
-
7.3
Other (please specify)
-
-
7.4
Total financing facilities
-
-
7.5
Unused financing facilities available at quarter end
7.6
Include in the box below a description of each facility above, including the lender, interest
rate, maturity date and whether it is secured or unsecured. If any additional financing
facilities have been entered into or are proposed to be entered into after quarter end,
include a note providing details of those facilities as well.
-
N/A
8.
Estimated cash available for future operating activities
$A’000
8.1
Net cash from / (used in) operating activities (item 1.9)
(3,809)
8.2
Cash and cash equivalents at quarter end (item 4.6)
6,963
8.3
Unused finance facilities available at quarter end (item 7.5)
8.4
Total available funding (item 8.2 + item 8.3)
8.5
Estimated quarters of funding available (item 8.4 divided by
item 8.1)
6,963
1.8
Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a
figure for the estimated quarters of funding available must be included in item 8.5.
8.6
If item 8.5 is less than 2 quarters, please provide answers to the following questions:
8.6.1
Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: Yes
8.6.2
Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: In July 2025 the Company announced a successful placement raising $25.0m
(before costs) and is launching a Share Purchase Plan in August 2025 to raise an
additional $2.5m. The Company is also expecting to receive in the September 2025
quarter $3.8m from its FY25 Research and Development Tax Incentive refund.
8.6.3
Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: Yes
Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 4
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Compliance statement
1
This statement has been prepared in accordance with accounting standards and policies
which comply with Listing Rule 19.11A.
2
This statement gives a true and fair view of the matters disclosed.
31 July 2025
Date:
...................................................................................
The Board of Directors
Authorised by: ...................................................................................
(Name of body or officer authorising release – see note 4)
Notes
1.
This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the
entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An
entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is
encouraged to do so.
2.
If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions
in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been
prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the
corresponding equivalent standard applies to this report.
3.
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities,
depending on the accounting policy of the entity.
4.
If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”.
If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the
[name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a
disclosure committee, you can insert here: “By the Disclosure Committee”.
5.
If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as
complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and
Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial
records of the entity have been properly maintained, that this report complies with the appropriate accounting standards
and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a
sound system of risk management and internal control which is operating effectively.
ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 5
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