Nexus announced on the 8th that it has succeeded in turning a profit in terms of operating income for the first quarter of 2025.
KOSDAQ-listed Nexus reported a consolidated operating income of 250 million won for the first quarter, recovering from an operating loss of 370 million won during the same period last year, with sales increasing by 396.2% to 6.6 billion won. The net income also turned positive at 790 million won.
Earlier this year, after changing its name from Action Square to Nexus, the company has been making progress by launching the blockchain platform “CROSS” project. In April, it unveiled the first chain, “Adventure,” and officially released the blockchain app “CROSSx,” which integrates various features.
Nexus plans to onboard various games onto its platform, starting with the global release of “Ragnarok: Monster World,” followed by “Dragon Flight,” “Raphael’s M,” and “Bingo for Everyone.” The company is also pursuing strategic investments in the Japanese rhythm game developer ENTIENT to secure new genres.
Nexus CEO Jang Hyun-guk noted, “We have established an organization for the blockchain business with a strategy focused on speed and concentration, which has also led to our turnaround to profitability,” adding, “We will continue to pursue an aggressive growth strategy based on financial stability.”