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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 20-F

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b)

OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended

December 31,2025

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No.001-40504

(Exact name of registrant as specified in its charter)

Not applicable

(Translation of Registrant’s name into English)

Israel

(Jurisdiction of incorporation or organization)

82 Yigal Alon Street

Tel Aviv,6789124, Israel

+972-3-545-3900

(Address of principal executive offices)

Sagi Niri

Chief Financial Officer

sniri@nexxen.com

82 Yigal Alon Street

Tel Aviv,6789124, Israel

+972-3-545-3900

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, par valueNIS 0.02 per shareNEXNThe Nasdaq Stock Market LLC (Global Market)

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the Annual Report:56,284,083 ordinary shares, par value NIS 0.02 per share (excluding Treasury Shares) as of December 31, 2025.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company.

See definition of “large accelerated filer,” “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☒Non-accelerated filer ☐Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow:

Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

NEXXEN INTERNATIONAL LTD.

Form 20-F

For the Fiscal Year Ended December 31, 2025

TABLE OF CONTENTS

INTRODUCTION AND USE OF CERTAIN TERMS1
PRESENTATION OF FINANCIAL AND OTHER INFORMATION1
TRADEMARKS2
MARKET INFORMATION2
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTOR SUMMARY3
PART I5
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS5
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE5
ITEM 3. KEY INFORMATION5
3.A. [RESERVED]5
3.B. CAPITALIZATION AND INDEBTEDNESS5
3.C. REASONS FOR THE OFFER AND USE OF PROCEEDS5
3.D. RISK FACTORS5
ITEM 4. INFORMATION ON THE COMPANY30
4.A. HISTORY AND DEVELOPMENT OF THE COMPANY30
4.B. BUSINESS OVERVIEW31
4.C. ORGANIZATIONAL STRUCTURE46
4.D. PROPERTY, PLANTS AND EQUIPMENT46
4A. UNRESOLVED STAFF COMMENTS46
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS46
5.A. OPERATING RESULTS47
5.B. LIQUIDITY AND CAPITAL RESOURCES60
5.C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES62
5.D. TREND INFORMATION62
5.E. CRITICAL ACCOUNTING ESTIMATES63
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES63
6.A. DIRECTORS AND SENIOR MANAGEMENT63
6.B. COMPENSATION65
6.C. BOARD PRACTICES73
6.D. EMPLOYEES83
6.E. SHARE OWNERSHIP83
6.F. DISCLOSURE OF REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION83
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS83
7.A. MAJOR SHAREHOLDERS83
7.B. RELATED PARTY TRANSACTIONS85
7.C. INTERESTS OF EXPERTS AND COUNSEL85

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ITEM 8. FINANCIAL INFORMATION85
8.A. CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION85
8.B. SIGNIFICANT CHANGES86
ITEM 9. THE OFFER AND LISTING86
9.A. OFFER AND LISTING DETAILS86
9.B. PLAN OF DISTRIBUTION86
9.C. MARKETS86
9.D. SELLING SHAREHOLDERS86
9.E. DILUTION86
9.F. EXPENSES OF THE ISSUE86
ITEM 10. ADDITIONAL INFORMATION87
10.A. SHARE CAPITAL87
10.B. MEMORANDUM AND ARTICLES OF ASSOCIATION87
10.C. MATERIAL CONTRACTS87
10.D. EXCHANGE CONTROLS87
10.E. TAXATION87
10.F. DIVIDENDS AND PAYING AGENTS95
10.G. STATEMENT BY EXPERTS95
10.H. DOCUMENTS ON DISPLAY95
10.I. SUBSIDIARY INFORMATION95
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK96
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES96
12.A. DEBT SECURITIES96
12.B. WARRANTS AND RIGHTS96
12.C. OTHER SECURITIES96
12.D. AMERICAN DEPOSITARY SHARES96
PART II97
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES97
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS97
ITEM 15. CONTROLS AND PROCEDURES97
ITEM 16. [RESERVED]98
16.A. AUDIT COMMITTEE FINANCIAL EXPERT98
16.B. CODE OF ETHICS98
16.C. PRINCIPAL ACCOUNTANT FEES AND SERVICES98
16.D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES.99
16.E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS.99
16.F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT100
16.G. CORPORATE GOVERNANCE100
16.H. MINE SAFETY DISCLOSURE100
16.I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS100
16.J. INSIDER TRADING POLICIES101
16.K. CYBERSECURITY101
PART III103
ITEM 17. FINANCIAL STATEMENTS103
ITEM 18. FINANCIAL STATEMENTS103
ITEM 19. EXHIBITS103
SIGNATURES104

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.