$NEXN

Nexxen International Ltd.

CIK:0001849396|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATION AND OTHER COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenues	$ 364,780	$ 365,477	$ 331,993
Cost of Revenues (Exclusive of depreciation and amortization shown separately below)	54,979	61,020	62,270
Research and development expenses	58,059	49,992	49,684
Selling and marketing expenses	122,975	112,227	105,914
General and administrative expenses	33,194	41,237	51,051
Depreciation and amortization	63,124	58,676	78,285
Other expenses, net	0	1,504	1,765
Total operating costs	277,352	263,636	286,699
Operating Profit (loss)	32,449	40,821	(16,976)
Financing income	(7,010)	(6,657)	(8,192)
Financing expenses	2,200	8,946	10,200
Financing expenses (income), net	(4,810)	2,289	2,008
Profit (loss) before taxes on income	37,259	38,532	(18,984)
Tax expenses	12,216	3,095	2,503
Profit (loss) for the year	25,043	35,437	(21,487)
Other comprehensive income (loss) items:
Foreign currency translation differences for foreign operations	2,824	(35)	2,126
Foreign currency translation for subsidiary sold reclassified to profit and loss	0	0	1,234
Total other comprehensive income (loss) for the year	2,824	(35)	3,360
Total comprehensive income (loss) for the year	$ 27,867	$ 35,402	$ (18,127)
Earnings per share
Basic earnings (loss) per share (in USD)	$ 0.42	$ 0.51	$ (0.3)
Diluted earnings (loss) per share (in USD)	$ 0.41	$ 0.51	$ (0.3)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit (loss) for the year	$ 25,043	$ 35,437	$ (21,487)
Adjustments for:
Depreciation and amortization	63,124	58,676	78,285
Net financing expense (income)	(5,082)	1,965	1,699
Loss from disposals of fixed and intangible assets	0	0	2
Loss (income) on leases modification	(151)	10	119
Loss and revaluation on sale of business unit	0	16	1,765
Remeasurement of net investment in a finance lease	195	1,488	0
Share-based compensation and restricted shares	18,048	11,460	19,169
Tax expense	12,216	3,095	2,503
Change in trade and other receivables	21,931	(14,458)	30,603
Change in trade and other payables	(21,311)	57,671	(43,077)
Change in employee benefits	(103)	63	(1)
Income taxes received	5,225	704	352
Income taxes paid	(11,417)	(5,512)	(8,721)
Interest received	4,416	6,595	8,016
Interest paid	(2,025)	(6,375)	(8,486)
Net cash provided by operating activities	110,109	150,835	60,741
CASH FLOWS FROM INVESTING ACTIVITIES
Change in pledged deposits, net	(276)	390	1,498
Payments on finance lease receivable	1,246	1,824	1,112
Repayment of debt investment	103	95	51
Acquisition of fixed assets	(12,118)	(7,742)	(4,495)
Acquisition and capitalization of intangible assets	(17,577)	(15,779)	(15,126)
Investment in shares	(20,000)	0	0
Net cash used in investing activities	(48,622)	(21,212)	(16,960)
CASH FLOWS FROM FINANCING ACTIVITIES
Acquisition of own shares	(101,702)	(60,735)	(9,518)
Proceeds from exercise of share options	443	1,133	233
Leases repayment	(16,265)	(15,142)	(17,262)
Repayment of long-term debt	0	(100,000)	0
Net cash used in financing activities	(117,524)	(174,744)	(26,547)
Net increase (decrease) in cash and cash equivalents	(56,037)	(45,121)	17,234
CASH AND CASH EQUIVALENTS AS OF THE BEGINNING OF YEAR	187,068	234,308	217,500
EFFECT OF EXCHANGE RATE FLUCTUATIONS ON CASH AND CASH EQUIVALENTS	2,277	(2,119)	(426)
CASH AND CASH EQUIVALENTS AS OF THE END OF YEAR	$ 133,308	$ 187,068	$ 234,308

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 133,308	$ 187,068
Trade receivables, net	196,101	217,960
Other receivables	6,116	4,579
Current tax assets	1,809	3,373
TOTAL CURRENT ASSETS	337,334	412,980
Fixed assets, net	18,033	15,727
Right-of-use assets	27,005	31,500
Intangible assets, net	318,376	336,768
Deferred tax assets	9,407	17,800
Investment in shares	45,000	25,000
Other long-term assets	918	738
TOTAL NON-CURRENT ASSETS	418,739	427,533
TOTAL ASSETS	756,073	840,513
LIABILITIES:
Current maturities of lease liabilities	13,287	14,340
Trade payables	207,020	228,514
Other payables	41,282	38,526
Current tax liabilities	441	4,677
TOTAL CURRENT LIABILITIES	262,030	286,057
Employee benefits	213	300
Long-term lease liabilities	18,644	22,857
Deferred tax liabilities	515	445
TOTAL NON-CURRENT LIABILITIES	19,372	23,602
TOTAL LIABILITIES	281,402	309,659
SHAREHOLDERS’ EQUITY:
Share capital	324	377
Share premium	278,510	362,507
Accumulated comprehensive income (loss)	348	(2,476)
Retained earnings	195,489	170,446
TOTAL SHAREHOLDERS’ EQUITY	474,671	530,854
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 756,073	$ 840,513