NASDAQ : NXAT
K Wave Media Ltd. — Financial statements
Financials · Financial Conglomerates · Cayman Islands
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Financial statements
K Wave Media Ltd. (NXAT) reported revenue of 78.08B KRW (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating Revenue | 77.34B | 77.34B | 43.01B | 67.48B |
| Other Revenue | 745.14M | 745.14M | ||
| Revenue | 78.08B | 78.08B | 43.01B | 67.48B |
| Cost of Revenue | 63.86B | 63.86B | 34.63B | 51.55B |
| Gross Profit | 14.22B | 14.22B | 8.38B | 15.93B |
| Selling, General & Admin | 76.55B | 76.55B | 11.26B | 13.89B |
| Other Operating Expenses | -496.38M | -496.38M | -667.45M | -1.48B |
| Operating Expenses | 76.05B | 76.05B | 10.60B | 12.40B |
| Operating Income | -61.83B | -61.83B | -2.22B | 3.53B |
| Interest Expense | -3.90B | -3.90B | -1.26B | -1.39B |
| Interest & Investment Income | 410.21M | 410.21M | 288.75M | 408.39M |
| Currency Exchange Gain (Loss) | -315.65M | -315.65M | 67.74M | 294.04M |
| Other Non Operating Income (Expenses) | -9.14B | -9.14B | 95.94M | 738.44M |
| EBT Excluding Unusual Items | -74.78B | -74.78B | -3.02B | 3.59B |
| Impairment of Goodwill | -129.07B | -129.07B | ||
| Gain (Loss) on Sale of Assets | -779.41M | -779.41M | -323.78M | -31.05M |
| Asset Writedown | -3.05B | -3.05B | -964.63M | -2.25M |
| Other Unusual Items | 8.51M | 8.51M | ||
| Pretax Income | -207.67B | -207.67B | -4.31B | 3.55B |
| Income Tax Expense | 435.09M | 435.09M | -753.65M | 760.78M |
| Earnings From Continuing Operations | -208.11B | -208.11B | -3.56B | 2.79B |
| Minority Interest in Earnings | 2.37B | 2.37B | 1.02B | 344.84M |
| Net Income | -205.74B | -205.74B | -2.54B | 3.14B |
| Net Income to Common | -205.74B | -205.74B | -2.54B | 3.14B |
| Shares Outstanding (Basic) | 2.05M | 2.05M | 292.59K | 292.59K |
| Shares Outstanding (Diluted) | 2.05M | 2.05M | 292.59K | 292.59K |
| EPS (Basic) | -100,240.01 | -100,240.01 | -8,685.85 | 10,722.20 |
| EPS (Diluted) | -100,240.01 | -100,240.01 | -8,685.85 | 10,710.00 |
| Free Cash Flow | -9.89B | -9.89B | -3.13B | -9.33B |
| Free Cash Flow Per Share | -4,817.50 | -4,817.50 | -10,698.96 | -31,878.04 |
| Gross Margin | 18.21% | 18.21% | 19.48% | 23.61% |
| Operating Margin | -79.19% | -79.19% | -5.16% | 5.23% |
| Profit Margin | -263.50% | -263.50% | -5.91% | 4.65% |
| Free Cash Flow Margin | -12.66% | -12.66% | -7.28% | -13.82% |
| EBITDA | -58.58B | -58.58B | 955.20M | 6.81B |
| EBITDA Margin | -75.03% | -75.03% | 2.22% | 10.10% |
| D&A For EBITDA | 3.25B | 3.25B | 3.17B | 3.28B |
| EBIT | -61.83B | -61.83B | -2.22B | 3.53B |
| EBIT Margin | -79.19% | -79.19% | -5.16% | 5.23% |
| Effective Tax Rate | 21.41% | |||
| Revenue as Reported | 78.08B | 78.08B | 43.01B | 67.48B |
Balance sheet
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 8.36B | 8.36B | 4.15B | 3.28B |
| Short-Term Investments | 410.00M | 1.31B | ||
| Trading Asset Securities | 21.56M | 21.56M | 13.52M | |
| Cash & Short-Term Investments | 8.39B | 8.39B | 4.57B | 4.58B |
| Accounts Receivable | 5.45B | 5.45B | 9.21B | |
| Other Receivables | 743.92M | 743.92M | 477.96M | 91.95M |
| Receivables | 9.62B | 9.62B | 10.48B | 91.95M |
| Inventory | 1.61B | 1.61B | 818.32M | |
| Prepaid Expenses | 5.84B | 5.84B | 664.63M | 79.64M |
| Other Current Assets | 735.11M | 735.11M | 40.00M | 1.98B |
| Total Current Assets | 26.20B | 26.20B | 16.57B | 6.74B |
| Property, Plant & Equipment | 7.06B | 7.06B | 12.05B | 261.20M |
| Long-Term Investments | 7.06B | 7.06B | 2.86B | 2.07B |
| Goodwill | 60.62B | 60.62B | 3.27B | |
| Other Intangible Assets | 17.18B | 17.18B | 4.53B | |
| Long-Term Deferred Tax Assets | 1.02B | 1.02B | 1.01B | |
| Long-Term Deferred Charges | 383.35M | |||
| Other Long-Term Assets | 6.42B | 6.42B | 2.31B | 1.93B |
| Total Assets | 125.73B | 125.73B | 42.60B | 11.38B |
| Accounts Payable | 5.75B | 5.75B | 10.07B | 404.00M |
| Accrued Expenses | 8.00B | 8.00B | 2.72B | 2.90B |
| Short-Term Debt | 39.81B | 39.81B | 3.76B | 709.33K |
| Current Portion of Long-Term Debt | 2.20B | 2.20B | 2.11B | |
| Current Portion of Leases | 1.70B | 1.70B | 1.79B | 150.09M |
| Current Income Taxes Payable | 1.63B | 1.63B | 108.96M | |
| Current Unearned Revenue | 1.25B | 1.25B | ||
| Other Current Liabilities | 48.11B | 48.11B | 2.82B | |
| Total Current Liabilities | 108.45B | 108.45B | 23.38B | 3.46B |
| Long-Term Debt | 2.61B | 2.61B | ||
| Long-Term Leases | 6.27B | 6.27B | 9.30B | 67.54M |
| Long-Term Unearned Revenue | 650.00M | 650.00M | ||
| Long-Term Deferred Tax Liabilities | 125.76M | 125.76M | 399.16M | |
| Other Long-Term Liabilities | 29.23B | 29.23B | 1.34B | 60.55M |
| Total Liabilities | 147.34B | 147.34B | 34.42B | 3.59B |
| Common Stock | 9.08M | 9.08M | 1.23M | 1.30M |
| Additional Paid-In Capital | 205.98B | 205.98B | 498.77M | 19.76B |
| Retained Earnings | -222.86B | -222.86B | 8.08B | -11.58B |
| Treasury Stock | -73.92K | |||
| Comprehensive Income & Other | -4.45B | -4.45B | 181.52M | -385.08M |
| Total Common Equity | -21.31B | -21.31B | 8.77B | 7.80B |
| Minority Interest | -293.51M | -293.51M | -590.77M | |
| Shareholders' Equity | -21.61B | -21.61B | 8.18B | 7.80B |
| Total Liabilities & Equity | 125.73B | 125.73B | 42.60B | 11.38B |
| Total Debt | 52.59B | 52.59B | 16.96B | 218.34M |
| Net Cash (Debt) | -44.20B | -44.20B | -12.39B | 4.36B |
| Net Cash Per Share | -21,536.03 | -21,536.03 | -42,339.73 | 14,909.66 |
| Filing Date Shares Outstanding | 2.44M | 2.44M | 292.59K | |
| Total Common Shares Outstanding | 2.14M | 2.14M | 292.59K | |
| Working Capital | -82.26B | -82.26B | -6.81B | 3.28B |
| Book Value Per Share | -9,956.76 | -9,956.76 | 29,961.54 | |
| Tangible Book Value | -99.11B | -99.11B | 965.07M | 7.80B |
| Tangible Book Value Per Share | -46,297.63 | -46,297.63 | 3,298.39 | |
| Machinery | 5.86B | 5.86B | 6.87B | 49.08M |
| Construction In Progress | 8.66M |
Cash flow statement
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -205.74B | -205.74B | -2.54B | 3.14B |
| Depreciation & Amortization | 3.25B | 3.25B | 3.17B | 3.28B |
| Loss (Gain) From Sale of Assets | 318.20M | 318.20M | 192.59M | -1.65B |
| Asset Writedown & Restructuring Costs | 132.12B | 132.12B | 964.63M | 2.25M |
| Loss (Gain) From Sale of Investments | 4.24B | 4.24B | -89.65M | -104.50M |
| Stock-Based Compensation | 25.64B | 25.64B | -180.13M | -25.76M |
| Provision & Write-off of Bad Debts | 439.93M | 439.93M | 644.58M | 171.56M |
| Other Operating Activities | 32.25B | 32.25B | -585.14M | -3.10B |
| Change in Accounts Receivable | 6.57B | 6.57B | -3.01B | 7.65B |
| Change in Inventory | -727.45M | -727.45M | -1.97B | 3.33B |
| Change in Accounts Payable | -8.06B | -8.06B | -447.98M | -19.97B |
| Change in Unearned Revenue | 646.60M | 646.60M | ||
| Change in Other Net Operating Assets | -726.86M | -726.86M | 995.45M | -1.10B |
| Operating Cash Flow | -9.77B | -9.77B | -2.86B | -8.38B |
| Capital Expenditures | -114.73M | -114.73M | -273.22M | -949.58M |
| Sale of Property, Plant & Equipment | 25.25M | 25.25M | 53.28M | 4.29M |
| Cash Acquisitions | 508.39M | 508.39M | ||
| Sale (Purchase) of Intangibles | -13.82B | -13.82B | ||
| Investment in Securities | -372.16M | -372.16M | 156.92M | 3.53B |
| Other Investing Activities | 1.49M | 150.15M | ||
| Investing Cash Flow | -16.35B | -16.35B | -361.04M | -1.79B |
| Short-Term Debt Issued | 6.35B | 6.35B | 870.00M | 130.00M |
| Long-Term Debt Issued | 28.96B | 28.96B | ||
| Total Debt Issued | 35.32B | 35.32B | 870.00M | 130.00M |
| Short-Term Debt Repaid | -3.41B | -3.41B | -394.00M | |
| Long-Term Debt Repaid | -2.07B | -2.07B | -1.69B | -1.64B |
| Lease Payments | -2.06B | -2.06B | -1.66B | -1.62B |
| Total Debt Repaid | -5.48B | -5.48B | -2.08B | -1.64B |
| Net Debt Issued (Repaid) | 29.83B | 29.83B | -1.21B | -1.51B |
| Issuance of Common Stock | 1.41B | 1.41B | ||
| Repurchase of Common Stock | -1.01B | -1.01B | -75.00M | -10.68B |
| Other Financing Activities | 62.66M | 62.66M | ||
| Financing Cash Flow | 30.29B | 30.29B | -1.29B | -12.19B |
| Foreign Exchange Rate Adjustments | 41.11M | 41.11M | 70.52M | 361.52M |
| Net Cash Flow | 4.21B | 4.21B | -4.44B | -22.00B |
| Free Cash Flow | -9.89B | -9.89B | -3.13B | -9.33B |
| Free Cash Flow Margin | -12.66% | -12.66% | -7.28% | -13.82% |
| Free Cash Flow Per Share | -4,817.50 | -4,817.50 | -10,698.96 | -31,878.04 |
| Levered Free Cash Flow | 17.07B | 17.07B | 3.12B | |
| Unlevered Free Cash Flow | 19.51B | 19.51B | 3.90B | |
| Free Cash Flow After Leases | -11.94B | -11.94B | -4.79B | -10.94B |
| Cash Interest Paid | 1.09B | 1.09B | 999.20M | 1.18B |
| Cash Income Tax Paid | -262.56M | -262.56M | 707.91M | 3.18B |
| Change in Working Capital | -2.29B | -2.29B | -4.44B | -10.10B |
Ratios
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 891.13K | 25.91M | 39.53M | 85.44M |
| Enterprise Value | 31.51M | 38.48M | ||
| Last Close Price | 0.37 | 12.30 | 360.00 | 318.00 |
| PE Ratio | 35.32 | |||
| PS Ratio | 0.02 | 0.48 | 1.36 | 1.64 |
| PB Ratio | -1.73 | 7.14 | 14.21 | |
| P/TBV Ratio | 60.51 | 14.21 | ||
| EV/Sales Ratio | 0.58 | 0.71 | ||
| Debt / Equity Ratio | -2.43 | -2.43 | 2.08 | 0.03 |
| Debt / EBITDA Ratio | 17.76 | 0.03 | ||
| Net Debt / Equity Ratio | -2.05 | -2.05 | 1.51 | -0.56 |
| Net Debt / EBITDA Ratio | -0.76 | -0.76 | 12.97 | -0.64 |
| Net Debt / FCF Ratio | -4.47 | -4.47 | -3.96 | 0.47 |
| Asset Turnover | 0.93 | 0.93 | 1.59 | |
| Inventory Turnover | 52.55 | 52.55 | ||
| Quick Ratio | 0.13 | 0.13 | 0.61 | 1.35 |
| Current Ratio | 0.24 | 0.24 | 0.71 | 1.95 |
| Return on Equity (ROE) | -44.56% | |||
| Return on Assets (ROA) | -45.92% | -45.92% | -5.14% | |
| Return on Invested Capital (ROIC) | -357.80% | -326.77% | -18.49% | 80.80% |
| Return on Capital Employed (ROCE) | -357.80% | -357.80% | -11.50% | 44.60% |
| Earnings Yield | -19,025.03% | -550.07% | -4.35% | 2.83% |
| FCF Yield | -761.87% | -26.44% | -5.36% | -8.42% |
| Buyback Yield / Dilution | -601.50% | -601.50% |