Q1 2026 KT Corp Earnings Call Transcript
Key Points
- KT Corp (KT) has reorganized its growth strategy to focus on becoming an AX platform company, aiming to lead AI innovation in Korea.
- The company has introduced a new midterm shareholder return policy, maintaining a 50% payout of stand-alone adjusted net income, with a minimum annual dividend per share of KRW 2,400.
- KT Corp (KT) is observing a net increase in subscribers since February, following a temporary decline due to an early termination penalty waiver program.
- The company is enhancing its customer experience by leveraging AI for hyper-personalized services and launching a Customer Protection 365 Task Force.
- KT Corp (KT) is expanding its AX business by developing sector-specific AX models and strengthening its data for AI business to support long-term growth.
- KT Corp (KT) reported a 1.0% year-over-year decrease in operating revenue for Q1 2026, amounting to KRW 6,778.4 billion.
- Operating income declined by 29.9% year-over-year to KRW 482.7 billion, impacted by last year's property sales and increased sales and labor costs.
- Net income contracted by 31.5% year-over-year to KRW 388.3 billion due to the decline in operating income.
- EBITDA decreased by 13.1% to KRW 1,440 billion, reflecting the challenges in managing operating expenses.
- B2B revenue decreased by 2.2% year-over-year, attributed to the completion of a large-scale data center project and streamlining of low-margin businesses.
Good morning, and good evening. Thank you all for joining this conference call. And now we will begin the conference of the first-quarter of fiscal year 2026 earnings results by KT. We would like to have welcoming remarks from KT IRO, and then CFO will present earnings results and entertain your questions. This conference will start with a presentation followed by a Q&A session. (Operator Instructions)
Now we would like to turn the conference over to KT IRO.
(interpreted) Good afternoon. I am Sun Wook Kim, IRO of KT. We will now begin the earnings presentation for the first-quarter of 2026. Please note that today's presentation includes estimates of financial and operating performance based on K-IFRS that have not been reviewed by an outside auditor. As such, other than confirmed historical data, we cannot guarantee the accuracy and completeness of financial and business-related information and such information is subject to change in the future.
Now Hye-Byung Min, CFO of KT will present the 2026
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