Neuphoria Therapeutics Inc. reported income before income taxes of USD 1.83 million for the quarter ended December 31, 2025, compared to a loss in the prior-year period. Revenue declined during the quarter, mainly due to the absence of a milestone payment received in the previous year from a licensing agreement with Carina Biotech Pty Ltd. Research and development expenses decreased by USD 1.0 million, reflecting reduced contract-related costs, lower professional fees, and decreased headcount as the company paused development activities while seeking a strategic merger partner. General and administrative expenses also fell by USD 0.5 million, primarily due to headcount reductions. As part of a restructuring initiative, Neuphoria terminated its facility leases and substantially all employees, resulting in employee termination costs of approximately USD 1.4 million and other restructuring costs of around USD 0.4 million for the quarter.

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