Kt & G Corporation · KRX:033780
Kt & G — Q4 2025 Earnings Presentation
23 slides from Kt & G's earnings presentation, Feb 5, 2026
Slide 1: 2025 Fourth Quarter and Full Year Results
KT6G KT&G 2025 Fourth Quarter and Full Year Results Investor Relations
Slide 2: Disclaimer
N KTEG 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-IF
Slide 3: Shareholder Return Update
= Shareholder Return Update Dividend Share Cancellation Yearlypps KRW 6,000 {YoY 11. ie t) Year-end KRW 4,600 14.3% cancelled since '24 vs. share count end ‘23 Scale 3.3 mn existing Dividend per share ; treasury shares KRW 533.9 bn Payout Ratio 58% in market price Record Date Feb 27 (transaction req
Slide 4: 2025 Key Performance
= 2025 Key Performance Best-in-Class Record-high Earnings Valuation Re-rating Shareholder Returns Double-digit growth f ighest-ever share price f (24-25) Aggregate ;l Total Shareholder DY AnTvEN RETETINE with yearly stock price +32.7% 6 and Operating Profit yearly p 5 Return Ratio 103.3% ree
Slide 5: 2026 Outlook
™ 2026 Outlook Earnings Target Shareholder Return Revenue it #3~5,», Operating Profit +6~8:, x KTEGS Total Shareholder Return Ratio itil 1 OO», + Dividend DPS Increase Share Buyback/ Cancellation | KRW 300 bn + Share Cancellation | 4.0% + (newly acquired + existing) (vs. share count end '23) Additio
Slide 6: 2025 Performance Highlights
= Key Highlights_aa4 consolidated Earnings 1. 2025 Performance Highlights Revenue (KRW bn) Operating Profit (KRW bn) te Net Income 7) KRW 1.71 trn KRW 248.8 bn KRW 274.2 bn YoY +10.1% YoY +17.1% YoY -15.7% EPS & KRW 2,472 YoY -15.3% EBITDA / EBITDA Margin et KRW 325.8 DN voy +17.7% 1 9.0% YoY #1.2%p
Slide 7: Full Year Consolidated Earnings
= Key Highlights_Full Year Consolidated Earnings Revenue (KRW bn) Operating Profit (KRW bn) KRw 6.58 trn YoY +11.4% KRW 1.35 trn YoY +13.5% 6,579.6 5,908.8 {adjusted)- FY'24 FY'25 FY'24 FY'25 1. 2025 Performance Highlights Whe el Net Income KRW 1,094.4 bn YoY -6.1% EPS Pa Krw 10,143 YoY -3.0% EBITDA
Slide 8: Movement in Earnings
~~» Movement in Earnings 1. 2025 Performance Highlights Tobacco Business (unit: KRW bn) +56.0 212.5 +35.5 261.8 oa ee eee —_ aaa _ nana perenne a = -43.8 Q4'24 Mix + Pricing Volume Cost Health- Real Others Q4'25 Operating Variance _Variance Functional Estate Operating Profit incl. COGS Food Profit +
Slide 9: Tobacco Business
“= Tobacco Business Revenue (KRW bn) 2. Performance by Business Operating Profit (KRW bn) Share of Global Sales (volume) Revenue growth for both the quarter (YoY +4.5%) and the year (YoY +11.8%) driven by global businesses including CC and NGP a4 FY Bcc BNGP B® Semisproducts 4,367.2 7.5 FY ‘24 FY'25
Slide 10: Tobacco Domestic CC
| Tobacco_Domestic CC 2. Performance by Business @D volume declined (yoy -11.6%) more sharply than the annual trend due to advanced demand in preparation for the Chuseok holiday in Q3 Revenue decline was mitigated compared to the drop in market volume, with differentiated new product launches in the
Slide 11: Tobacco Global CC
» | Tobacco_Global cc 2. Performance by Business Continued double-digit ASP increase (YoY +13.7%) led to revenue growth (YoY +14.6%) Record-high figures in both revenue (YoY+29.4%) and operating profit (YoY +53.8%) as volume continued to break record (YoY +11.2%) based on presence in 145 markets whi
Slide 12: Tobacco NGP (Next Generation Products)
“= Tobacco_NGP(Next Generation Products) 2. Performance by Business Revenue continued to increase as the impact from the overseas supply chain issue in H1 was more than offset by new device and stick launches in and outside Korea Revenue (KRW bn) Stick Volume (bn sticks) B Domestic @ Global B Domest
Slide 13: Tobacco NGP (Next Generation Products)
= Tobacco_NGP\Next Generation Products) 2. Performance by Business Domestic Business Global Business (bn sticks) » NGP penetration of the market expanded in the year with higher demand » Annual stick volume growth was sustained as a result of strong » KT&G SoM continued to grow with new product laun
Slide 14: Health-Functional Food
» | Hea Ith - Functional Food 2. Performance by Business Revenue (KRW bn) Operating Profit (KRW bn) Share of Global Sales (revenue) Amid declining demand due to a slow HFF Annual operating profit grew as a result of Lower share of global sales due to reduced market and high global consumer prices, c
Slide 15: Health-Functional Food
= Health-Functional Food Domestic Revenue by Channel (KRW bn) 2. Performance by Business Global Revenue by Market (KRW bn) » While revenue grew online, a high-profit strategic channel, especially in the big 3 platforms, offline revenue outside of strategic channels were reduced as a result of portfo
Slide 16: Real Estate
~™ Real Estate Revenue (kRW bn) 2. Performance by Business Operating Profit (KRw bn) Significant increase in revenue due to strong earnings from mid-to-small sized development projects, and one-time profit recognition for Seocho SPC project in Q4 a4 FY BB Development Rental M® Subsidiaries 712.6 322
Slide 17: Q&A
Q&A
Slide 18: Appendix. Income Status by Business Segment
= Appendix. Income Status by Business Segment (units: bn sticks, KRW bn) Q4'24 FY '24 Q1'25 Q2'25 Q3'25 Q4'25 FY ‘25 Volume 27.64 112.63 27.84 30.24 33.15 26.53 117.76 NGP 3.68 14.49 3.43 3.74 4.04 3.57 14,78 Domestic 156 6.15 153 153 182 151 6.39 Global 2.12 8.34 1.90 2.21 2.22 2.06 8.39 cc 23.96 9
Slide 19: Appendix. KT&G Condensed Balance Sheet
= Appendix. KT&G Condensed Balance Sheet ‘ The results below are still under audit by the outside auditors and may be subject to change. Consolidated Standalone (unit : KRW bn) YE ‘25 YE'24 (unit: KRW bn) YE'25 YE ‘24 Current assets” 7,023.1 7,176.3 Current assets 4,047.9 4,166.9 Cash") 1,278.2 1,84
Slide 20: Appendix. KT&G Condensed Income Statement
~» Appendix. KT&G Condensed Income Statement ‘ The results below are still under audit by the outside auditors and may be subject to change. Consolidated Standalone FY'25 FY'24 (unit: KRW bn) FY'25 FY '24 Revenue 6,579.6 5,908.8 Revenue 4,145.5 3,704.5 t of r 4 00 Cost of goods sole SHES 8.0068 Cost
Slide 21: Appendix. KT&G Condensed Cash Flow
~~ Appendix. KT&G Condensed Cash Flow ‘ The results below are still under audit by the outside auditors and may be subject to change. Consolidated Standalone (unit :KRW bn) FY'25 FY'24 (unit: KRW bn) FY'25 FY'24 Cash and cash equivalents at January 1 1,136.0 1,032.0 Cash and cash equivalents at Janu
Slide 22: Appendix. KGC Condensed Financial Statement (standalone)
~ Appendix. KGC Condensed Financial Statement (standalone) ‘ The results below are still under audit by the outside auditors and may be subject to change. Balance Sheet Income Statement (unit : KRW bn ) YE‘25 YE ‘24 (unit : KRW bn) YE ‘25 YE ‘24 Current assets 1,844.9 1,804.9 Revenue 1,030.1 1,105.1
Slide 23: Thank you
Thank you —