South Korea · Delayed Price · Currency is KRW KT&G Corporation Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record global cigarette revenue, double-digit growth in all major financial metrics, and strong performance across tobacco, HFF, and real estate. Treasury share cancellation targets were exceeded, and new product launches and B2B initiatives are set to drive future growth.
Fiscal Year 2025
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Record-high annual revenue and operating profit were achieved, led by global CC and real estate, with robust shareholder returns through higher dividends and share cancellations. 2026 guidance targets continued profit-led growth, global expansion, and cost optimization, while FX volatility and market shifts remain key risks.
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Record quarterly revenue and profit were achieved, driven by robust global CC and tobacco business growth, with double-digit gains in both revenue and operating profit. Net income and EPS surged due to currency effects, and full-year guidance was raised for continued double-digit growth.
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Record first-half revenue exceeded KRW 3 trillion, led by global CC growth and real estate gains. Q2 operating profit rose 8.6% year-over-year, while net income fell due to FX impacts. Double-digit annual operating profit growth is targeted, with ongoing cost optimization and expanded shareholder returns.
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Q1 2025 saw strong double-digit growth in revenue and operating profit, led by record Global CC performance and improved product mix. Adjusted operating profit surged 45.1% year-over-year, while net income declined due to FX impacts. Strategic focus remains on global expansion, cost efficiency, and shareholder returns.
Fiscal Year 2024
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Record revenue and profitability were achieved in 2024, led by global CC and NGP growth, with strong shareholder returns and a 29.2% TSR. 2025 guidance targets 5%-7% revenue and 6%-8% operating profit growth, despite anticipated market uncertainties.
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Q3 2024 saw record tobacco business growth, offset by declines in real estate, with consolidated revenue down 3.1% but operating profit up 2.2%. The company announced an upgraded Value-up Plan, targeting 15% ROE by 2027 and KRW 3.7 trillion in shareholder returns.
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Q2 2024 saw strong revenue and profit growth, led by tobacco and global businesses, while HFF and Real Estate segments faced headwinds. Shareholder returns are being enhanced through dividends and buybacks, and guidance for 2024 was revised down due to market challenges.