Nexus Advanced Technologies Inc. (NXAT) Cash Flow Statement
Where NXAT’s cash came from and went, 2025
December 31, 2025 · South Korean won- Cash from operations
- −₩6.7M
- Capital expenditures
- ₩9.6M 17.9% of revenue
- Free cash flow
- −₩16.4M −30.4% margin
- Returned to shareholders
- ₩697,180
- Change in cash
- ₩2.9M cash at year-end ₩5.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
NXAT operating cash flow, capex and free cash flow
NXAT cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −₩461,8252022 | −₩6.7M2025 | — | |
| Capital expenditures | ₩52022 | ₩9.6M2025 | +12,336.5%/yr | |
| Free cash flow | −₩461,8302022 | −₩16.4M2025 | — | |
| Free cash flow margin | −3,852.3%2023 | −30.4%2025 | +3,822.0 pts | |
| Share buybacks (net) | ₩1202023 | ₩697,1802025 | +7,522.2%/yr | |
| Capex / revenue | 17.9%2023 | 17.9%2025 | −0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXAT cash flow by activity
NXAT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
NXAT cash flow statement in South Korean won
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −₩143.6M | −₩2.4M | −₩8.9M | ₩168,814 |
| Depreciation & amortization | — | — | ₩68,502 | — |
| Stock-based compensation | — | — | ₩1.7M | — |
| Change in working capital | — | — | −₩934,727 | ₩221,158 |
| Other non-cash items | ₩136.9M | ₩471,792 | ₩48,355 | −₩851,797 |
| Cash from operating activities | −₩6.7M | −₩1.9M | −₩8.0M | −₩461,825 |
| Investing activities | ||||
| Capital expenditures | −₩9.6M | −₩183,877 | −₩37,232 | −₩5 |
| Investments (net) | −₩372.2M | ₩156.9M | ₩3.53B | — |
| Acquisitions & other investing | ₩370.5M | −₩157.0M | −₩3.53B | −₩94.3M |
| Cash from investing activities | −₩11.3M | −₩242,978 | −₩2.6M | −₩94.3M |
| Financing activities | ||||
| Share repurchases & issuance (net) | −₩697,180 | −₩50,475 | −₩120 | — |
| Net borrowing (repayment) | ₩29.83B | −₩1.21B | −₩1.51B | — |
| Shares issued | ₩1.41B | ₩0 | ₩0 | ₩0 |
| Other financing | −₩31.22B | ₩1.21B | ₩1.53B | ₩95.6M |
| Cash from financing activities | ₩20.9M | −₩866,403 | ₩13.1M | ₩95.6M |
| Summary | ||||
| Net change in cash | ₩2.9M | −₩3.0M | −₩17.0M | ₩877,560 |
| Cash at end of period | ₩5.8M | ₩2.8M | ₩6.6M | ₩877,560 |
| Free cash flow | −₩16.4M | −₩2.1M | −₩8.0M | −₩461,830 |
| Free cash flow margin | −30.4% | −437.9% | −3,852.3% | — |
| Capex / revenue | 17.9% | 38.2% | 17.9% | — |
| Operating cash flow / net income | — | — | — | −2.74 |
| Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −₩208.11B | −₩14.5M | −₩59.3M | −₩13.4M | ₩6.8M | −₩9.9M | −₩28,557 | −₩29,281 | −₩3.6M | −₩2.2M | ₩547,774 | ₩378,564 |
| Depreciation & amortization | — | ₩621,502 | ₩558,915 | ₩570,438 | — | −₩1.1M | ₩606,230 | ₩621,592 | ₩29,622 | ₩29,336 | — | — |
| Stock-based compensation | — | ₩1.2M | ₩8.0M | ₩1.1M | — | ₩2.1M | ₩8,707 | ₩8,928 | — | ₩39 | — | — |
| Change in working capital | — | ₩946,313 | ₩911,633 | ₩279,558 | −₩147,038 | ₩7.7M | −₩1.4M | −₩1.4M | ₩387,407 | −₩340,370 | ₩213,114 | ₩9,650 |
| Other non-cash items | ₩198.34B | ₩10.1M | ₩48.0M | ₩11.0M | −₩8.4M | −₩384,983 | ₩591,897 | ₩361,364 | ₩48,559 | ₩0 | −₩1.1M | −₩800,271 |
| Cash from operating activities | −₩9.77B | −₩1.8M | −₩1.8M | −₩435,843 | −₩1.7M | −₩1.7M | −₩235,115 | −₩486,606 | −₩3.2M | −₩2.5M | −₩385,222 | −₩412,057 |
| Investing activities | ||||||||||||
| Capital expenditures | −₩114.7M | −₩16,778 | −₩24,704 | −₩3 | −₩182,942 | −₩106,322 | −₩5 | −₩4 | −₩2,315 | −₩827 | −₩2 | −₩3 |
| Investments (net) | — | — | — | — | ₩156.9M | — | — | — | — | — | — | — |
| Acquisitions & other investing | −₩16.23B | ₩1.6M | −₩7.3M | −₩22,737 | −₩157.0M | ₩38,102 | ₩44.8M | −₩374,996 | ₩1.5M | −₩4.1M | ₩186,740 | −₩12.3M |
| Cash from investing activities | −₩16.35B | ₩1.6M | −₩7.3M | −₩22,740 | −₩242,043 | −₩68,220 | ₩44.8M | −₩375,000 | ₩1.5M | −₩4.1M | ₩186,738 | −₩12.3M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −₩725.6M | −₩268,302 | −₩101,434 | −₩246,258 | −₩50,475 | — | −₩44.6M | — | — | — | — | — |
| Net borrowing (repayment) | — | — | — | — | −₩3.39B | — | — | — | — | — | — | — |
| Shares issued | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 | ₩0 |
| Other financing | ₩31.02B | ₩2.2M | ₩9.0M | ₩291,258 | ₩3.39B | ₩96,000 | ₩725,000 | −₩4,000 | — | ₩9.2M | −₩67,414 | ₩12.2M |
| Cash from financing activities | ₩30.29B | ₩1.9M | ₩8.9M | ₩45,000 | −₩2.5M | ₩96,000 | −₩43.9M | −₩4,000 | — | ₩9.2M | −₩67,414 | ₩12.2M |
| Summary | ||||||||||||
| Net change in cash | ₩4.21B | — | — | −₩413,584 | ₩118,800 | −₩3.0M | ₩712,217 | −₩865,606 | −₩1.6M | ₩2.5M | −₩265,898 | −₩519,930 |
| Cash at end of period | ₩8.36B | ₩4.15B | — | ₩97,355 | ₩2.8M | ₩161,930 | ₩1.4M | ₩641,308 | ₩2.5M | ₩4.1M | ₩301,966 | ₩877,560 |
| Free cash flow | −₩9.89B | −₩1.8M | −₩1.8M | −₩435,840 | ₩1.5M | −₩1.6M | −₩235,110 | −₩486,610 | −₩3.2M | −₩2.5M | −₩385,220 | −₩412,060 |
| Free cash flow margin | −12.7% | −15.6% | −10.8% | −4.2% | 2,241.2% | — | — | — | −1,518.6% | — | — | — |
| Capex / revenue | 0.1% | 0.1% | 0.1% | 0.0% | 276.2% | — | — | — | 1.1% | — | — | — |
| Operating cash flow / net income | — | — | — | — | −0.25 | — | — | — | — | — | −0.70 | −1.09 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in South Korean won as reported; data from EODHD.
NXAT cash generation
In fiscal 2025 (ended December 31, 2025), Nexus Advanced Technologies generated -₩6.7 million of cash from operations and spent ₩9.6 million on capital expenditures, leaving free cash flow of -₩16.4 million, −30.4% of revenue. It returned ₩0.7 million to shareholders through dividends (₩0) and net share buybacks (₩0.7 million). Cash and equivalents rose by ₩2.9 million over the year.
Related: NXAT income statement, NXAT balance sheet. See the NXAT stock overview for the latest quote and news.
NXAT cash flow FAQ
What is Nexus Advanced Technologies's free cash flow?
Nexus Advanced Technologies's free cash flow was -₩16.4 million in fiscal 2025: -₩6.7 million of operating cash flow minus ₩9.6 million of capital expenditures It was -₩2.1 million a year earlier..
How much cash does Nexus Advanced Technologies generate from operations?
Nexus Advanced Technologies generated -₩6.7 million of cash from operating activities in fiscal 2025.
How much does Nexus Advanced Technologies spend on capital expenditures?
Nexus Advanced Technologies spent ₩9.6 million on capital expenditures in fiscal 2025, 17.9% of revenue, compared with ₩0.2 million the year before.
How much stock does Nexus Advanced Technologies buy back?
Nexus Advanced Technologies spent ₩0.7 million on net share repurchases in fiscal 2025.