Kt & G Corporation · KRX:033780
Kt & G — Q1 2026 Earnings Presentation
20 slides from Kt & G's earnings presentation, May 7, 2026
Slide 1: 2026 First Quarter Results
KT&G KT&G 2026 First Quarter Results Investor Relations
Slide 2: Disclaimer
This presentation is prepared and provided for the convenience of investors and shareholders prior to the completion of the external audit. Therefore, certain contents are subject to change during the auditing process. The financial information in this presentation is based on K-IFRS standards. This
Slide 3: 1Q 2026 Performance Highlights
1. 1Q 2026 Performance Highlights Global CC Record-high quarter revenue, 「Triple Growth(Volume-Revenue-OP)」 → Trend to continue in the year NGP Tandem growth in domestic and international business → Pursuing independent launch of international NGP within the year leveraging existing competitiveness
Slide 4: 1Q 2026 Performance Highlights
1. 1Q 2026 Performance Highlights Revenue (KRW bn) Operating Profit (KRW bn) Net Income KRW 1.70 trn KRW 364.5 bn KRW 378.2 bn YoY +14.3% YoY +27.6% YoY +46.6% EPS KRW 3,666 YoY +54.7% EBITDA / EBITDA Margin KRW 442.7 bn YoY +25.0% 26.0% YoY +2.2%p
Slide 5: 1Q 2026 Performance Highlights: Tobacco Business
1. 1Q 2026 Performance Highlights Tobacco Business (unit : KRW bn) 364.5
Slide 6: Tobacco Business: Revenue, Operating Profit, Share of Global Sales
2. Performance by Business Revenue (KRW bn) Operating Profit (KRW bn) Share of Global Sales (volume) 2,410 1,590 9,125 8,227 1Q '25 1Q '26 1Q '25 1Q '26 1Q '25 1Q '26
Slide 7: Domestic CC Market Volume and KT&G Share of Market
2. Performance by Business Revenue (KRW bn) KT&G SoM1) Total Market / KT&G Volume1) (bn sticks) Domestic CC Market Volume 1Q '25 1Q '26 1) Source : Korea Tobacco Association data based on shipment volumes to general stores, centralized logistics, specialized channels, etc.
Slide 8: Global CC Revenue and Volume by Region
2. Performance by Business Revenue (KRW bn) Volume (bn sticks) Volume Share per Region 21. 5% 35. 7% 42. 8% 1Q '25 1Q '26
Slide 9: NGP Revenue and Stick Volume
2. Performance by Business Revenue (KRW bn) Stick Volume (bn sticks) 14.78 1,006.0 205 1,385 1,404 1Q '25 1Q '26
Slide 10: Domestic Business and Global Business Volume
2. Performance by Business Domestic Business Global Business (bn sticks) 1) Convenience store offtake data
Slide 11: Health Functional Foods: Revenue, Operating Profit, Share of Global Sales
2. Performance by Business Revenue (KRW bn) Operating Profit (KRW bn) Share of Global Sales (revenue) thanks to higher lunar • Lower share of global sales due to growth in new year gift demand and the boost from the brand domestic business revenue(YoY +8.4%) campaign for ‘Cheon Nok’ in the domestic
Slide 12: Domestic Revenue by Channel and Global Revenue by Market
2. Performance by Business Domestic Revenue by Channel (KRW bn) Global Revenue by Market (KRW bn) • Revenue grew thanks to higher lunar new year gift demand • Revenue declined due to lower sales from the US, despite around online channels along with the boost from the ‘Cheon Nok’ with the lunar new
Slide 13: Real Estate: Revenue and Operating Profit
2. Performance by Business Revenue (KRW bn) Operating Profit (KRW bn) (YoY +16.4%) with higher revenue from including Anyang, Mia and East Daejeon development projects 0.3 3 17.2 172 11.6 116 99.4 16.7 167 72.1 994 721 1Q '25 1Q '26 1Q '25 1Q '26
Slide 14: Q&A
Q&A
Slide 15: Quarterly Volume, Revenue and Operating Profit
( units : bn sticks, KRW bn ) FY ‘24 1Q '25 2Q '25 3Q '25 4Q '25 FY ‘25 1Q ‘26 Volume 112.63 27.84 30.24 33.15 26.53 117.76 29.86 NGP 14.49 3.43 3.74 4.04 3.57 14.78 3.52 Domestic 6.15 1.53 1.53 1.82 1.51 6.39 1.60 Global 8.34 1.90 2.21 2.22 2.06 8.39 1.92 CC 98.13 24.41 26.50 29.11 22.96 102.98 26.
Slide 16: Consolidated and Standalone Balance Sheet
※ The results below are still under audit by the outside auditors and may be subject to change. Consolidated Standalone ( unit : KRW bn ) 1Q '26 YE‘25 ( unit : KRW bn ) 1Q '26 YE‘25 Current assets(a) 7,494.4 7,026.2 Current assets(a) 4,385.0 4,048.1 Cash(*) 1,722.2 1,278.2 Cash(*) 421.2 264.8 Trade
Slide 17: Consolidated and Standalone Income Statement
※ The results below are still under audit by the outside auditors and may be subject to change. Consolidated 1) Standalone ( unit : KRW bn ) 1Q '26 1Q '25 ( unit : KRW bn ) 1Q '26 1Q '25 Revenue 1,703.6 1,491.1 Revenue 1,014.0 917.2 Cost of goods sold 881.4 737.4 Cost of goods sold 552.4 459.6 Gross
Slide 18: Consolidated and Standalone Cash Flow
※ The results below are still under audit by the outside auditors and may be subject to change. Consolidated Standalone ( unit : KRW bn ) 1Q '26 1Q ’25 ( unit : KRW bn ) 1Q '26 1Q ’25 Cash and cash equivalents at January 1 913.5 1,136.0 Cash and cash equivalents at January 1 134.2 588.8 Cash flows f
Slide 19: Subsidiary Balance Sheet and Income Statement
※ The results below are still under audit by the outside auditors and may be subject to change. Balance Sheet Income Statement ( unit : KRW bn ) 1Q ‘26 YE‘25 ( unit : KRW bn ) 1Q '26 1Q '25 Current assets 1,866.8 1,841.9 Revenue 280.1 292.6 Inventories 1,310.1 1,361.0 Cash and cash equivalents 133.7
Slide 20: Thank you
Thank you