• K Wave posted fiscal 2025 net loss of KRW 208.11 billion (USD 146.33 million), widening from KRW 3.56 billion a year earlier.
• Revenue rose 81.5% to KRW 78.08 billion (USD 54.9 million), driven by incremental content production and content investment revenue tied to the acquisition of Six Korean Entities.
• Operating loss widened to KRW 194.73 billion (USD 136.92 million) as operating expenses surged to KRW 201.61 billion (USD 141.75 million), reflecting KRW 129.07 billion of goodwill impairment, KRW 25.51 billion of share-based payments, and KRW 25.08 billion of listing expenses.
• Cash used in operating activities totaled KRW 9.77 billion (USD 6.87 million); cash and cash equivalents ended at KRW 8.36 billion (USD 5.8 million) with a net working capital deficit of KRW 82.26 billion (USD 57.3 million).

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