Slide 1: 1Q25 Earnings Release
KT 1Q25 Earnings Release 2025. 05. | Investor Relations
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp.(the “Company”) in accordance with K-IFRS. This presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. This presentation is being presented solely for your information and is subject to c
Slide 3: Contents
Contents 1 1Q25 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 4: 1Q25 Highlights
1 1Q25 Highlights Strong OP growth driven by CT/AX and real estate development project* Financials (Unit: KRW) Cons. Sep. Revenue Revenue 6,845.1bn (YoY +2.9%) 4,682.0bn (YoY -0.3%) Operating Operating 688.8bn (YoY +36.0%) 400.1bn (YoY +1.6%) Profit Profit * Through recognition of apartment sales re
Slide 5: Contents
Contents 1 1Q25 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Revenue +2.9% YoY driven by growth in Telco, real estate, and cloud/DC businesses • OP +36.0% YoY reflecting KT Group-wide efforts for profitability and gains from real estate sales (Unit: KRW bn) 1Q24 4Q24 1Q25 QoQ YoY Operating Revenue 6,654.6 6,575.6 6,8
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses • OP. expenses remained flat, as key costs such as depreciation and selling expenses remained stable (Unit: KRW bn) 1Q24 4Q24 1Q25 QoQ YoY Operating Expenses 6,148.1 7,230.7 6,156.3 -14.9% 0.1% 1,100.9 2,189.6 1,121.8 -48.8% 1.9% Labor Cost General Expense
Slide 8: Consolidated Balance Sheet
K-IFRS / Consolidated 3 Balance Sheet • Net Debt/equity ratio +6.1%p QoQ following an increase borrowings across the subsidiaries (Unit: KRW bn) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 QoQ YoY Assets 42,710.0 41,880.0 42,185.6 0.7% -1.2% 3,000.7 3,716.7 3,133.0 -15.7% 4.4% Cash & Cash equivalents Lia
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • 1Q25 Total CAPEX Execution: KRW 300.0bn (KT Separate), KRW 351.8bn (Major Subsidiaries) (Unit: KRW bn) 3,534 3,319 3,124 813 907 824 ■ Major Subsidiaries’ CAPEX Includes Finance, Media, Cloud/DC, 2,721 Real Estate, etc. 2,412 2,300 652 ■ KT Separate
Slide 10: Contents
Contents 1 1Q25 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless service revenue +1.6% YoY with increased 5G penetration (78.9%) and MVNO revenue • Expanded customer choice with mid-tier and online-only plans, and strengthened online marketing (Unit: KRW bn) 1Q24 4Q24 1Q25 QoQ YoY Wireless 1,736.5 1,717.8 1,753.1 2.1%
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband revenue +1.3% YoY, due to increase in GiGA subscribers and new value-added services • Media revenue +0.1% YoY, following a continued subscriber shift to premium plans and to upgraded set-top boxes (Unit: KRW bn) 1Q24 4Q24 1Q25 QoQ YoY Fixed Line 1,322.
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service revenue -0.3% YoY, owing to continued streamlining of low-margin businesses • AI/IT revenue +11.9% YoY, sustaining strong double-digit growth trend (Unit: KRW bn) 1Q24 4Q24 1Q25 QoQ YoY B2B Service 895.0 856.5 892.2 4.2% -0.3% Corp. Broadband/Data
Slide 14: Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • BC Card revenue -6.8% YoY, as card transactions slowed in response to broader economic uncertainty • kt cloud, revenue +42.2% YoY, supported by increased DC usage from global clients and momentum in D&B* *Design & Build operations Revenue
Slide 15: Contents
Contents 1 1Q25 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 16: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 1Q24 2Q24 3Q24 4Q24 1Q25 KT Separate 1Q24 2Q24 3Q24 4Q24 1Q25 4,694.8 4,548.3 4,765.0 Operating revenue 6,654.6 6,546.4 6,654.6 6,575.6 6,845.1 Operating revenue 4,571.6 4,682.0 Service revenue 5,722.7 5,776.6 5,752.0 5,754.7 5,700.4 Service reve
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 1Q24 2Q24 3Q24 4Q24 1Q25 KT Separate 1Q24 2Q24 3Q24 4Q24 1Q25 Assets 42,710.0 43,144.4 42,750.4 41,880.0 42,185.6 Assets 30,334.8 30,464.8 29,957.1 29,528.9 29,041.0 Current assets 14,997.4 15,175.2 15,197.0 14,251.9 14,458.5 Current assets 7,578.4
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless Subscribers 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 QoQ YoY Total 24,834 24,904 25,199 26,132 26,445 1.2% 6.5% - MNO 17,743 17,770 17,997 18,950 19,186 1.2% 8.1% - MVNO 7,091 7,134 7,203 7,182 7,259 1.1% 2.4% 1) 5G Handset 9,948 10,093 10,251 10,400 1
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