0001178913-26-000712 | 20-F | XBRL Viewer

REVENUES (Tables)

12 Months Ended

Dec. 31, 2025

	Year ended December 31
	2025		2024		2023
	USD thousands

Programmatic		340,627		324,466		299,005
Performance		24,153		41,011		32,988

		364,780		365,477		331,993

INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure Of Income Tax [Abstract]

Disclosure of composition of income tax benefit

	Year ended December 31
	2025		2024			2023
	USD thousands

Current tax expense (income)
Current year		4,443		5,596			(2,331	)
Previous year		-		2,282			-
		4,443		7,878			(2,331	)

Deferred tax expense (income)
Creation and reversal of temporary differences		7,773		(4,783	)		4,834

Tax expenses		12,216		3,095			2,503

Disclosure of domestic and foreign components of income taxes

	Year ended December 31
	2025			2024			2023
	USD thousands

Domestic		(173	)		4,935			(5,352	)
US		11,355			(1,214	)		8,712
International		1,034			(626	)		(857	)

Tax expenses		12,216			3,095			2,503

Disclosure of effective reconciliation of income taxes by tax rate

	Year ended December 31
	2025			2024			2023
	USD thousands

Profit (Loss) before taxes on income		37,259			38,532			(18,984	)

Tax calculated according to the Company’s domestic tax rate		23	%		23	%		23	%

Tax using the Company's domestic tax rate		8,570			8,862			(4,366	)

Additional tax (tax saving) in respect of:
Non-deductible expenses net of non- taxable income (*)		962			575			3,329
Difference between measurement basis of income/expenses for tax purposes and measurement basis of income/expenses for financial reporting purposes		(215	)		(2,337	)		-
Effect of reduced tax rate in Israel for Preferred Enterprise status		(815	)		1,394			4,963
Differences in previous tax assessments		-			2,282			-
Recognition of previously unrecognized tax losses and benefits		(1,922	)		(4,224	)		(4,942	)
Change in temporary differences for which deferred taxes are not recognized		378			(1,411	)		656
Effect of different tax rates in foreign jurisdictions		5,258			(2,046	)		2,863

Tax expenses		12,216			3,095			2,503

Effective income tax rate		33	%		8	%		(13	%)

(*)

including non- deductible share-based compensation expenses.

LEASES (Details 4) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
LEASES (Details 4) - USD ($) $ in Thousands	May 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Lease [Abstract]
Sublease receipts		$ (1,246)	$ (1,824)
Remeasurement of net investment in a finance lease	$ (1,488)	$ (195)	$ (1,488)	$ 0

Label

Element

Value

Number Of Operating Segment

nexn_NumberOfOperatingSegment

Right Of Use Assets And Net Investment In Lease

nexn_RightOfUseAssetsAndNetInvestmentInLease

$ 27,005,000

Right Of Use Assets And Net Investment In Lease

nexn_RightOfUseAssetsAndNetInvestmentInLease

31,500,000

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

1,234,000

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

1,234,000

Other Comprehensive Income, Before Tax, Exchange Differences On Translation Of Foreign Operations For Subsidiary Sold

nexn_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslationOfForeignOperationsForSubsidiarySold

Adjustments For Losses On Leases Change Contracts

nexn_AdjustmentsForLossesOnLeasesChangeContracts

(151,000)

Adjustments For Losses On Leases Change Contracts

nexn_AdjustmentsForLossesOnLeasesChangeContracts

10,000

Adjustments For Losses On Leases Change Contracts

nexn_AdjustmentsForLossesOnLeasesChangeContracts

119,000

Adjustments For Remeasurement Of Net Investment In Finance Lease

nexn_AdjustmentsForRemeasurementOfNetInvestmentInFinanceLease

195,000

Adjustments For Remeasurement Of Net Investment In Finance Lease

nexn_AdjustmentsForRemeasurementOfNetInvestmentInFinanceLease

1,488,000

Adjustments For Remeasurement Of Net Investment In Finance Lease

nexn_AdjustmentsForRemeasurementOfNetInvestmentInFinanceLease

Increase (Decrease) In Pledge Deposits

nexn_IncreaseDecreaseInPledgeDeposits

(276,000)

Increase (Decrease) In Pledge Deposits

nexn_IncreaseDecreaseInPledgeDeposits

390,000

Increase (Decrease) In Pledge Deposits

nexn_IncreaseDecreaseInPledgeDeposits

1,498,000

Proceeds Payments On Finance Lease Receivable

nexn_ProceedsPaymentsOnFinanceLeaseReceivable

1,246,000

Proceeds Payments On Finance Lease Receivable

nexn_ProceedsPaymentsOnFinanceLeaseReceivable

1,824,000

Proceeds Payments On Finance Lease Receivable

nexn_ProceedsPaymentsOnFinanceLeaseReceivable

1,112,000

Cash Receipts From Repayment Of Debt Investment

nexn_CashReceiptsFromRepaymentOfDebtInvestment

103,000

Cash Receipts From Repayment Of Debt Investment

nexn_CashReceiptsFromRepaymentOfDebtInvestment

95,000

Cash Receipts From Repayment Of Debt Investment

nexn_CashReceiptsFromRepaymentOfDebtInvestment

51,000

Repayment Of Long Term Debt

nexn_RepaymentOfLongTermDebt

Repayment Of Long Term Debt

nexn_RepaymentOfLongTermDebt

100,000,000

Repayment Of Long Term Debt

nexn_RepaymentOfLongTermDebt

$ 0

Description Of Dual Listing

nexn_DescriptionOfDualListing

Until February 14, 2025, the Company’s securities were dual listed (i) the Ordinary Shares, par value NIS 0.01 per share (“Ordinary Shares”) of the Company were listed on the AIM Market of the London Stock Exchange and (ii) the American Depositary Shares ("ADSs"), each of which represented two Ordinary Shares of the Company, represented by the American Depositary Receipts ("ADR") were listed on the Nasdaq Capital Market.

Par Value Of Ordinary Shares

nexn_ParValueOfOrdinaryShares

$ 0.01

Par Value Of Ordinary Shares

nexn_ParValueOfOrdinaryShares

$ 0.02

Description Of Shareholder Approval Of Adr Exchange And Reverse Stock Split

nexn_DescriptionOfShareholderApprovalOfAdrExchangeAndReverseStockSplit

On December 20, 2024 the shareholders approved a change of the Company’s Nasdaq-listed ADRs for Nasdaq-listed Ordinary Shares and terminated the ADR facility by conducting a Reverse Stock Split (the “Reverse Split”) of the Company’s Ordinary Shares at a two-for-one ratio which allow a one-to-one exchange from ADRs to Ordinary Shares and delisting from the AIM to trade solely on the Nasdaq in the U.S. and the change in par value from NIS 0.01 par value to NIS 0.02 par value. The reverse stock split was completed on February 14, 2025.

Change In Par Value Of Ordinary Shares

nexn_ChangeInParValueOfOrdinaryShares

the change in par value from NIS 0.01 par value to NIS 0.02 par value.

Depreciation Of Useful Life Of Rights Of Use Asset

nexn_DepreciationOfUsefulLifeOfRightsOfUseAsset

1 year

Depreciation Of Useful Life Of Rights Of Use Asset

nexn_DepreciationOfUsefulLifeOfRightsOfUseAsset

8 years 6 months

Depreciation Of Useful Life Of Rights Of Use Asset

nexn_DepreciationOfUsefulLifeOfRightsOfUseAsset

1 year

Depreciation Of Useful Life Of Rights Of Use Asset

nexn_DepreciationOfUsefulLifeOfRightsOfUseAsset

5 years 6 months

Purchase Of Fixed Assets Not Paid

nexn_PurchaseOfFixedAssetsNotPaid

$ 2,361,000

Purchase Of Fixed Assets Not Paid

nexn_PurchaseOfFixedAssetsNotPaid

739,000

Lease Modifications

nexn_LeaseModifications

1,000,000

Lease Modifications

nexn_LeaseModifications

789,000

Lease Modifications

nexn_LeaseModifications

1,789,000

Lease Modifications

nexn_LeaseModifications

(21,000)

Lease Modifications

nexn_LeaseModifications

(806,000)

Lease Modifications

nexn_LeaseModifications

(827,000)

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

259,000

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

346,000

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

605,000

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

675,000

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

378,000

Disposal Of Right Of Use Assets

nexn_DisposalOfRightOfUseAssets

1,053,000

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

4,000

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

4,000

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

119,000

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

Increase (Decrease) Through Net Exchange Differences, Right Of Use Assets

nexn_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets

119,000

Development Costs Capitalized

nexn_DevelopmentCostsCapitalized

17,427,000

Development Costs Capitalized

nexn_DevelopmentCostsCapitalized

$ 15,366,000

Percentage Of Post Tax Discount Rate

nexn_PercentageOfPostTaxDiscountRate

14.00%

Percentage Of Terminal Value Growth Rates

nexn_PercentageOfTerminalValueGrowthRates

3.00%

Term Of Estimates Annual Growth Rate Of Impairment Testing

nexn_TermOfEstimatesAnnualGrowthRateOfImpairmentTesting

5 years

Term Of Initial Annual Growth Rate Of Impairment Testing

nexn_TermOfInitialAnnualGrowthRateOfImpairmentTesting

5 years

Disclosure Of Information About Trade And Other Receivables Explanatory

nexn_DisclosureOfInformationAboutTradeAndOtherReceivablesExplanatory

	December 31
	2025			2024
	USD thousands

Trade receivables:
Trade receivables		205,092			236,462
Allowance for expected credit losses		(8,991	)		(18,502	)

Trade receivables, net		196,101			217,960

Other receivables:
Prepaid expenses		3,882			2,936
Institutions		463			773
Pledged deposits		449			525
Other		1,322			345

		6,116			4,579

Current Trade Receivables Gross

nexn_CurrentTradeReceivablesGross

$ 205,092,000

Current Trade Receivables Gross

nexn_CurrentTradeReceivablesGross

236,462,000

Allowance Account For Credit Losses Of Financial Assets1

nexn_AllowanceAccountForCreditLossesOfFinancialAssets1

8,991,000

Allowance Account For Credit Losses Of Financial Assets1

nexn_AllowanceAccountForCreditLossesOfFinancialAssets1

18,502,000

Allowance Account For Credit Losses Of Financial Assets1

nexn_AllowanceAccountForCreditLossesOfFinancialAssets1

17,423,000

Other Receivables From Institutions

nexn_OtherReceivablesFromInstitutions

463,000

Other Receivables From Institutions

nexn_OtherReceivablesFromInstitutions

773,000

Other Receivables From Pledged Deposits

nexn_OtherReceivablesFromPledgedDeposits

449,000

Other Receivables From Pledged Deposits

nexn_OtherReceivablesFromPledgedDeposits

525,000

Other Receivables From Other

nexn_OtherReceivablesFromOther

1,322,000

Other Receivables From Other

nexn_OtherReceivablesFromOther

$ 345,000

Disclosure Of Detail Information About Trade And Other Payables [Table Text Block]

nexn_DisclosureOfDetailInformationAboutTradeAndOtherPayablesTableTextBlock

	December 31
	2025		2024
	USD thousands

Trade payables		207,020		228,514

Other payables:

Contract liabilities		10,723		11,546
Wages, salaries and related expenses		24,630		21,003
Provision for vacation		2,472		1,934
Institutions		1,178		864
Interest to pay		69		77
Pledged deposits		13		296
Others		2,197		2,806

		41,282		38,526

Provision For Vacation

nexn_ProvisionForVacation

$ 2,472,000

Provision For Vacation

nexn_ProvisionForVacation

1,934,000

Institutions Trade And Other Payables

nexn_InstitutionsTradeAndOtherPayables

1,178,000

Institutions Trade And Other Payables

nexn_InstitutionsTradeAndOtherPayables

864,000

Interest To Pay

nexn_InterestToPay

69,000

Interest To Pay

nexn_InterestToPay

77,000

Pledged Deposits

nexn_PledgedDeposits

13,000

Pledged Deposits

nexn_PledgedDeposits

296,000

Other Current Miscellaneous Payables

nexn_OtherCurrentMiscellaneousPayables

2,197,000

Other Current Miscellaneous Payables

nexn_OtherCurrentMiscellaneousPayables

$ 2,806,000

Disclosure Of Additional Information Of Cash And Cash Equivalents Explanatory

nexn_DisclosureOfAdditionalInformationOfCashAndCashEquivalentsExplanatory

	December 31
	2025		2024
	USD thousands

Cash		77,999		87,199
Bank deposits and money market funds		55,309		99,869

Cash and cash equivalents		133,308		187,068

Proportion Of Majority Of Cash And Cash Equivalents Accumulates Interest

nexn_ProportionOfMajorityOfCashAndCashEquivalentsAccumulatesInterest

3.25%

Proportion Of Majority Of Cash And Cash Equivalents Accumulates Interest

nexn_ProportionOfMajorityOfCashAndCashEquivalentsAccumulatesInterest

4.25%

Percentage Of Revenue

nexn_PercentageOfRevenue

11.50%

Percentage Of Revenue

nexn_PercentageOfRevenue

10.00%

Disclosure Of Detailed Information About General And Administrative Expenses Explanatory

nexn_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpensesExplanatory

	Year ended December 31
	2025			2024		2023
	USD thousands

Wages, salaries and related expenses		25,599			23,419		21,835
Share base payments		5,334			4,314		12,121
Rent and office maintenance		2,035			1,667		2,432
Professional expenses		7,094			9,935		7,686
Doubtful debts		(7,704	)		1,516		4,337
Acquisition costs		-			-		171
Other expenses		836			386		2,469

		33,194			41,237		51,051

Payment To Compensation

nexn_PaymentToCompensation

$ 5,334,000

Payment To Compensation

nexn_PaymentToCompensation

4,314,000

Payment To Compensation

nexn_PaymentToCompensation

12,121,000

Rent And Office Maintenance

nexn_RentAndOfficeMaintenance

2,035,000

Rent And Office Maintenance

nexn_RentAndOfficeMaintenance

1,667,000

Rent And Office Maintenance

nexn_RentAndOfficeMaintenance

2,432,000

Doubtful Debt Income Expense

nexn_DoubtfulDebtIncomeExpense

(7,704,000)

Doubtful Debt Income Expense

nexn_DoubtfulDebtIncomeExpense

1,516,000

Doubtful Debt Income Expense

nexn_DoubtfulDebtIncomeExpense

4,337,000

Acquisition Cost

nexn_AcquisitionCost

Acquisition Cost

nexn_AcquisitionCost

Acquisition Cost

nexn_AcquisitionCost

$ 171,000

Changes In Par Value

nexn_ChangesInParValue

$ 0.01

Changes In Par Value

nexn_ChangesInParValue

$ 0.02

Number Of Own Shares Repurchased By Group Entity

nexn_NumberOfOwnSharesRepurchasedByGroupEntity

(10,840,359)

Number Of Own Shares Repurchased By Group Entity

nexn_NumberOfOwnSharesRepurchasedByGroupEntity

(9,137,532)

Number Of Shares Issued In Share Based Compensation

nexn_NumberOfSharesIssuedInShareBasedCompensation

1,561,772

Number Of Shares Issued In Share Based Compensation

nexn_NumberOfSharesIssuedInShareBasedCompensation

1,619,197

Amount Of Share Buyback

nexn_AmountOfShareBuyback

$ 50,000,000

Amount Of Share Buyback

nexn_AmountOfShareBuyback

50,000,000

Amount Of Share Buyback

nexn_AmountOfShareBuyback

50,000,000

Amount Of Share Buyback

nexn_AmountOfShareBuyback

$ 20,000,000

Number Of Repurchase Of Ordinary Shares

nexn_NumberOfRepurchaseOfOrdinaryShares

10,840,359

Number Of Repurchase Of Ordinary Shares

nexn_NumberOfRepurchaseOfOrdinaryShares

9,137,532

Number Of Repurchase Of Ordinary Shares

nexn_NumberOfRepurchaseOfOrdinaryShares

40,000,000

Amount Of Repurchase Of Ordinary Shares

nexn_AmountOfRepurchaseOfOrdinaryShares

$ 100,800,000

Amount Of Repurchase Of Ordinary Shares

nexn_AmountOfRepurchaseOfOrdinaryShares

61,700,000

Amount Payables For Ordinary Shares Repurchase

nexn_AmountPayablesForOrdinarySharesRepurchase

148,000

Amount Payables For Ordinary Shares Repurchase

nexn_AmountPayablesForOrdinarySharesRepurchase

$ 1,000,000

Dilutive Effect Of Convertible Instrument On Number Of Ordinary Share