Nexus Advanced Technologies Inc 6-K, filed May 22, 2026

About this 6-K

Nexus Advanced Technologies Inc. (NXAT)

6-K 2026-05-22 For: 2025-12-31

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Added on May 22, 2026

December 31,
2025

(In thousands of Korean won)

Deposit in banks

Short-term financial instruments

Nexus Advanced Technologies Inc filed this 6-K on May 22, 2026.

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Exhibit No.		Description of Exhibit
99.1		Audited financial statements of Hansol Inticube Co. for the year ended December 31, 2025
99.2		Unaudited pro forma condensed combined balance sheet of the Company and Hansol Inticube Co. as of December 31, 2025, and unaudited pro forma condensed combined statements of operation of the Company and Hansol Inticube Co. for the year ended December 31, 2025.

	K Wave Media Ltd.

Date: May 22, 2026	By:	/s/ Ted Kim
	Name:	Ted Kim
	Title:	Chief Executive Officer

	Note		December 31, 2025
			(In Korean won)
Assets
Cash and cash equivalents	5,34	₩		2,295,358,918
Short-term financial instruments	34			5,836,575
Trade and other receivables	7,34,35			11,294,243,542
Contract assets	15			3,815,286,232
Inventories, net	8			901,244,164
Current tax assets				45,540
Other current assets	9,15			4,357,182,863
Total current assets				22,669,197,834
Long-term other receivables	7,34			595,593,357
Financial assets at fair value through profit or loss	6,10,34			1,005,980,280
Property and equipment	11			1,222,485,688
Right-of-use assets	16			1,043,820,293
Intangible assets other than goodwill	12			3,761,304,163
Deferred tax assets	30			2,282,215,631
Other non-current assets	9			369,646,310
Total non-current assets				10,281,045,722
Total assets				32,950,243,556
Liabilities
Trade and other payables	13,34,35			9,725,481,984
Current contract liabilities	15			4,719,110,717
Current Lease liabilities	16,34,36			769,706,446
Other current non-financial liabilities	18			1,456,444,515
Other current provisions	19			432,506,512
Current tax liabilities	30			1,618,947
Total current liabilities				17,104,869,121
Defined benefit liabilities	17			854,834,500
Provision for long-term employee benefits	17			176,138,476
Contract liabilities	15			861,164,337
Non-current Lease liabilities	16,34,36			272,137,059
Other non-current provisions	19			173,497,772
Total non-current liabilities				2,337,772,144
Total liabilities				19,442,641,265
Equity
Share capital	20			6,939,760,500
Other reserves	21,32			10,436,120,041
Accumulated deficit	22			(4,346,336,892	)
Equity attributable to owners of the Parent Company				13,029,543,649
Non-controlling interest	1			478,058,642
Total equity				13,507,602,291
Total liabilities and equity		₩		32,950,243,556

	Note		2025
			(in Korean won)
Revenues	4,23			64,818,242,303
Cost of revenues	24,31			49,281,096,476
Gross profit				15,537,145,827
Selling, general and administrative expenses	25,31			14,490,163,763
Other income	28			164,109,772
Other expenses	29			112,552,103
Operating profit				1,098,539,733
Finance income	26			132,849,548
Finance costs	27			187,577,073
Profit before income tax				1,043,812,208
Income tax expense	30			148,133,704
Profit for the year		₩		895,678,504
Other comprehensive loss
Items that will not be reclassified to income or loss:
Remeasurement of defined benefit liabilities	17,30			(344,105,471	)
Total comprehensive income for the year		₩		551,573,033
Profit attributable to:
Owners of the Parent Company				794,130,344
Non‑controlling interest	1			101,548,160
Total comprehensive income attributable to:
Owners of the Parent Company				463,538,939
Non-controlling interest				88,034,094
Earnings per share
Basic earnings per share	33	₩		58
Diluted earnings per share	33			58

		Attributable to owners of the Parent Company
		Share capital		Additional paid-in capital			Accumulated other comprehensive income			Accumulated deficit			Total			Non- controlling interest			Total equity
		(in Korean won)
Balance at January 1, 2025			6,939,760,500		10,462,865,404			(400,825	)		(4,809,875,831	)		12,592,349,248			390,024,548			12,982,373,796
Remeasurement of defined benefit liabilities	₩		-		-			-			(330,591,405	)		(330,591,405	)		(13,514,066	)		(344,105,471	)
Profit for the year			-		-			-			794,130,344			794,130,344			101,548,160			895,678,504
Stock option granted			-		2,394,958			-			-			2,394,958			-			2,394,958
Stock option cancelled			-		(28,739,496	)		-			-			(28,739,496	)		-			(28,739,496	)
Balance at December 31, 2025	₩		6,939,760,500		10,436,520,866			(400,825	)		(4,346,336,892	)		13,029,543,649			478,058,642			13,507,602,291

		2025
		(in Korean won)
Cash flows from operating activities
Net income for the year	₩		895,678,504
Adjustments to reconcile net income to net cash provided by operating activities			3,155,306,521
Severance Benefits			1,282,641,573
Depreciation			1,315,020,883
Amortization			246,413,748
Reversal of Inventory valuation gains			(1,499,309	)
Interest expenses			187,577,073
Reversal of mileage provision			(46,153,570	)
Losses on foreign currency translation			2,912,628
Losses on disposal of property and equipment			7,357,574
Long-term employee benefits			43,071,589
Provision for warranty obligations			183,250,784
Income taxes			148,133,704
Interest income			(113,054,229	)
Gains on foreign currency translation			(5,467,918	)
Reversal of loss provision on service contracts			(21,693,760	)
Gains on disposal of property, plant and equipment			(27,064,392	)
Gains on valuation of financial assets at fair value through profit or loss			(19,795,319	)
Reversal of share-based payments expenses			(26,344,538	)
Changes in assets and liabilities from operating activities			(1,795,689,397	)
Trade receivables			(2,446,600,729	)
Other receivables			(1,759,672	)
Contract assets			2,438,206,617
Inventories, net			719,990,699
Other assets			(641,035,118	)
Trade payables			1,801,153,623
Other payables			22,304,842
Contract liabilities			(2,091,279,532	)
Other liabilities			361,081,649
Defined benefit liabilities			(1,927,751,776	)
Provision for long-term employee benefits			(30,000,000	)
Interest received			43,473,972
Interest paid (other than lease)			(30,880,345	)
Interest paid (lease)			(52,376,533	)
Income tax refund (paid)			10,485,670
Net cash inflow from operating activities			2,225,998,392
Cash flows from investing activities
Cash flows provided by investing activities			132,411,910
Decrease in Short-term financial instruments			12,600,000
Proceeds from disposal of property and equipment			49,450,310
Collection of deposites			70,361,600
Cash flows used in investing activities			(436,171,931	)
Increase in Short-term financial instruments			(5,970,000	)
Purchase of property and equipment			(280,684,528	)
Purchase of intangible assets			(49,155,803	)
Increase in deposites			(20,361,600	)
Acquisition of financial assets at fair value through profit or loss			(80,000,000	)
Net cash outflow from investing activities			(303,760,021	)
Cash flows from financing activities
Cash flows provided by financing activities			10,572,600,441
Increase in Short-term borrowings			10,572,600,441
Cash flows used in financing activities			(12,493,017,757	)
Decrease in Short-term borrowings			(11,650,896,200	)
Repayment of lease liabilities			(842,121,557	)
Net cash outflow from financing activities			(1,920,417,316	)
Net increase in cash and cash equivalents			1,821,055
Cash and cash equivalents at beginning of the year			2,293,537,863
Cash and cash equivalents at end of the year	₩		2,295,358,918

	December 31, 2025
	Number of shares		Ownership (%)
Hansol Holdings Co., Ltd.		4,719,037		34.00	%
Cho Hyun Seung		356,526		2.57	%
Lee Mi Sung		788,525		5.68	%
Employee Stock Ownership Association		64,456		0.46	%
Treasury shares		217,045		1.56	%
Others		7,733,932		55.72	%
Total		13,879,521		100.00	%

		December 31, 2025
		(In thousands of Korean Won)
Subsidiary		Total assets		Total liabilities		Revenues		Profit for the year		Total comprehensive profit for the year
STICKUS CORPORATION	₩		2,083,672		1,005,232		4,567,430		256,856		223,006

	STICKUS CORPORATION
	(In thousands of Korean Won)
Ownership percentage of non-controlling interests		39.92	%
Beginning balance of non-controlling interests		390,025
Actuarial gains and losses attributable to non-controlling interests		(13,514	)
Profit attributable to non-controlling interests		101548
Ending balance of non-controlling interests		478,059

Building		20 ~ 30 years
Machinery		5 ~ 6 years
Vehicles		4 ~ 5 years
Furniture and fixtures		4 years
Office equipment		4 ~ 5 years
Leasehold improvements		2 years

Classification	AI-based Digital Contact Center	Pet Healthcare Segment
Services provided	CRM solutions, SMS and MMS infrastructure development and operation services	Pet food manufacturing and sales
Major customers	Banks and financial institutions, general corporations, wired and wireless telecommunications operators	General consumers
Sales channels	RFP and public bidding	Websites and social commerce

		December 31, 2025
		AI-based Digital Contact Center		Pet Healthcare Segment		Intersegment			Total
		(In thousands of Korean won)
Revenue	₩		60,250,812		4,567,430		-			64,818,242
Depreciation			1,007,447		304,416		3,158			1,315,021
Amortization of intangible assets			243,661		2,753		-			246,414
Operating profit (loss)	₩		786,977		263,163		(3,158	)		1,046,982

		December 31, 2025
		AI-based Digital Contact Center		Pet Healthcare Segment		Adjustments			Total
		(In thousands of Korean won)
Total assets	₩		31,862,422		2,083,672		(995,850	)		32,950,244
Non-current assets (*)			7,130,946		261,619		(995,309	)		6,397,256
Total liabilities	₩		18,437,410		1,005,231		-			19,442,641

		December 31, 2025
		(In thousands of Korean won)
Customer A	₩		14,567,098
Customer B			10,717,103
Customer C	₩		9,166,524

						December 31, 2025
Account		Description				(In thousands of Korean won)
Financial assets at fair value through profit or loss		Pledge provided in connection with project performance guarantees and others (*)		₩			625,980

		December 31, 2025
		Current			Non-Current
		(In thousands of Korean won)
Trade receivables	₩		11,323,305			-
Less: Allowance for doubtful accounts			(33,000	)		-
Subtotal: Trade receivables			11,290,305			-
Other receivables			3,634			-
Accrued income			305			-
Guarantee deposits			-			627,587
Less: Present value discount			-			(31,994	)
Subtotal: Guarantee deposits			-			595,593
Total	₩		11,294,244			595,593

		December 31, 2025
		Cost		Allowance for valuation (1), (2)			Carrying Amount
		(In thousands of Korean won)
Raw materials	₩		517,618		(21,964	)		495,654
Merchandise			322,796		-			322,796
Finished goods			82,794		-			82,794
Goods in transit			-		-			-
Total	₩		923,208		(21,964	)		901,244

(*1)	For the year ended December 31, 2025, the Group disposed of inventories amounting to Korean won 942,718 thousand for which full impairment losses had been recognized in prior periods.
(*2)	For the year ended December 31, 2025, the Group recognized a reversal of inventory write-downs to net realizable value amounting to Korean won 1,499 thousand, which is included in cost of sales.

				December 31, 2025
				(In thousands of Korean won)
Membership contributions		₩			1,005,980

	December 31, 2025
	Ownership (%)			Acquisition cost		Carrying amount
	(In thousands of Korean won)
Korea Information and Communications Mutual Aid Association (*1)		0.01	₩		15,565		32,195
Software Mutual Aid Association (*1)		0.09			437,715		593,785
Dandi Hamo Startup Investment Fund No. 1 (*2)		3.00			300,000		300,000
Busan Regional Innovation TIPS Fund No. 1		0.01			80,000		80,000
Total			₩		833,280		1,005,980

(*1)	The full amount of the membership contributions has been pledged as collateral (see Notes 6 and 37).
(*2)	The Group determined that cost may be an appropriate estimate of fair value for these equity instruments in accordance with the “Fair Value Measurement Guidelines for Unlisted Shares.”

		December 31, 2025
		Acquisition Cost		Accumulated Depreciation			Accumulated impairment loss			Carrying amount
		(In thousands of Korean won)
Land	₩		27,191		-			-			27,191
Buildings			1,219,525		(628,827	)		-			590,698
Machinery			893,478		(739,214	)		(22,829	)		131,435
Facilities			205,353		(167,857	)		-			37,496
Vehicles			61,444		(42,434	)		-			19,010
Furniture and fixtures			3,603,690		(3,172,379	)		(14,655	)		416,656
Leasehold improvements			161,154		(161,154	)		-			-
Total	₩		6,171,835		(4,911,865	)		(37,484	)		1,222,486

		2025
		Beginning		Additions		Disposals			Depreciation			Ending balance
		(In thousands of Korean won)
Land	₩		27,191		-		-			-			27,191
Buildings			631,352		-		-			(40,654	)		590,698
Machinery			220,190		40,549		(10,200	)		(119,104	)		131,435
Facilities			78,567		-		-			(41,071	)		37,496
Vehicles			25,439		-		-			(6,429	)		19,010
Furniture and fixtures			391,659		252,260		(19,544	)		(207,719	)		416,656
Total	₩		1,374,398		292,809		(29,744	)		(414,977	)		1,222,486

		December 31, 2025
		Cost		Accumulated amortization			Accumulated impairment Loss			Carrying amount
		(In thousands of Korean won)
Goodwill	₩		5,344,787		-			(2,606,030	)		2,738,757
Industrial property rights			71,643		(71,643	)		-			-
Software			960,555		(958,440	)		-			2,115
Membership rights			537,535		-			-			537,535
Other intangible assets			3,750,935		(3,268,038	)		-			482,897
Total	₩		10,665,455		(4,298,121	)		(2,606,030	)		3,761,304

		2025
		Beginning Balance		Additions		Amortization			Ending Balance
		(In thousands of Korean won)
Goodwill (*1)	₩		2,738,757		-		-			2,738,757
Industrial property rights			2,753		-		(2,753	)		-
Software			4,335		-		(2,220	)		2,115
Membership rights			537,535		-		-			537,535
Other intangible assets			619,192		105,146		(241,441	)		482,897
Total	₩		3,902,572		105,146		(246,414	)		3,761,304

(*1)	The Group performed impairment tests for the year ended December 31, 2025, and no impairment loss was recognized as the carrying amount did not exceed the recoverable amount.
(*2)	Amortization expense of Korean won 231,757 thousand is included in selling and administrative expenses (see Note 31).

	Change in Assumption			Increase in Assumption			Decrease in Assumption
	(In thousands of Korean won)
Discount rate		1.00	%		(579,969	)		726,099
Long-term growth rate		1.00	%		788,835			(630,079	)
Revenue growth rate		1.00	%		664,575			(657,412	)

		December 31, 2025
		(In thousands of Korean won)
Supplier finance liabilities	₩		-

		December 31, 2025
Supplier finance liabilities		180 days from invoice issuance
Trade payables not part of supplier finance arrangements (same business)		30 days from invoice issuance

			December 31, 2025
			Contract Assets						Contract Liabilities
Segment	Category		Current		Non-current		Total		Current		Non-current		Total
			(In thousands of Korean won)
AI-based Digital Contact Center	Construction-type contracts	₩		2,542,405		-		2,542,405		1,822,846		-		1,822,846
AI-based Digital Contact Center	Maintenance and others			1,272,881		-		1,272,881		2,839,735		794,733		3,634,468
Subtotal				3,815,286		-		3,815,286		4,662,581		794,733		5,457,314
Pet Healthcare Business	Content services			-		-		-		56,529		66,432		122,961
Total		₩		3,815,286		-		3,815,286		4,719,110		861,165		5,580,275

	Change in Estimated Total Contract			2025				Change in Estimated Total Contract
	Revenue			Current		Future		Cost
	(In thousands of Korean won)
AI-based Digital Contact Center		(65,729	)		318,703		4,387		(388,819	)

	2025
	Contract Amount		Contract Date	Project Period		Progress (%)		Contract Assets		Trade Receivables
	(In thousands of Korean won)
Mirae Asset Securities / IPT and IPCC reconstruction		6,117,500	2024-07-01		2024-07-01 ~ 2025-09-30		100		-		-
Shinhan Financial Plus / TM Center integration		8,041,588	2025-01-02		2025-01-02 ~ 2026-06-30		76		862,268		1,491,341
NS Home Shopping / AICC enhancement		2,875,001	2024-09-09		2024-09-09 ~ 2025-07-31		100		-		-
S-1 Corporation / IPCC enhancement		2,590,620	2025-04-07		2025-04-07 ~ 2025-11-28		100		-		2,668,710

		December 31, 2025
		(In thousands of Korean won)
Contract fulfillment costs recognized as assets (*)	₩		4,555,213