KT CORP

KT Corp. reported mixed 2Q26 financial results with consolidated operating profit of 648.3 billion KRW, down 36.1% year-over-year but up 34.3% quarter-over-quarter. Consolidated operating revenue decreased 10.1% YoY to 6,679.9 billion KRW, primarily due to a prior-year real estate project base effect and lower wireless revenue. The company declared a 2Q26 dividend of 600 KRW per share and announced a FY26 Value-up Plan of KRW 250 billion, which includes share buyback and cancellation.

KT Corporation has updated its Corporate Value-Up Plan, reaffirming its mid-to-long-term target of achieving a consolidated Return on Equity (ROE) of 9%-10% by 2028. The plan focuses on transforming into an AX Platform Company, enhancing profitability by streamlining low-margin businesses and optimizing asset efficiency through non-core asset monetization. Additionally, KT plans to implement capital allocation initiatives, including KRW 750 billion in treasury share buybacks and cancellations from 2026 through 2028.

KT Corporation announced its decision to dispose of 3,109 common treasury shares on July 24, 2026. The shares will be disposed of at a price of KRW 52,700 per share, totaling an estimated KRW 163,844,300. This action is intended for the delivery of shares related to Restricted Stock Units (RSU) grants, utilizing an over-the-counter disposal method.

KT Corp announced a decision to acquire 3,532 treasury shares for an estimated total of KRW 186,136,400. The acquisition period is set from July 15, 2026, to October 14, 2026, and will be conducted over-the-counter. The primary purpose of this buyback is to recover previously granted long-term incentive shares, and notably, no actual cash expenditure will be incurred as it relates to the cancellation of stock-based compensation.

KT Corporation has announced a decision to set the record date for its quarterly cash dividend. The record date has been established as July 29, 2026, to identify shareholders eligible to receive the dividend. This decision was made by the Board of Directors on July 14, 2026, in accordance with the company's Articles of Incorporation.

KT Corp announced a comprehensive future business and management plan to transform into an AX Platform Company, involving significant investments totaling KRW 18 trillion. The plan includes KRW 4 trillion for cybersecurity and IT systems, KRW 8 trillion for network infrastructure over three years, and KRW 6 trillion for AX infrastructure over the next five years. These investments aim to establish an AX hub in Asia and drive mid-term growth, with a focus on AI Data Centers and submarine cable capacity.

KT Corp reported the acquisition of 1,871,295 common shares through a share repurchase trust agreement with NH INVESTMENT & SECURITIES CO.,LTD. The total value of these acquisitions, made between April 1 and June 8, 2026, amounted to KRW 110,213,701,500, at an average price of KRW 59,153 per share. This represents 44.1% of the total KRW 250,000 million contract amount for the buyback program, which runs until September 9, 2026. Following these transactions, KT Corp's total treasury share ownership stands at 12,689,877 common shares, or 5.04% of its total issued shares.

KT Corp reported a decline in its consolidated financial performance for the first quarter of 2026. Operating revenue decreased by 1.0%, while operating profit saw a significant 29.9% drop compared to the same period last year. Profit attributable to owners also fell by 34.8%, with basic earnings per share decreasing by 33.5%.

KT Corp reported its first-quarter 2026 financial results, with consolidated revenue decreasing 1.0% year-over-year to KRW 6,778.4bn. Operating profit saw a significant decline of 29.9% to KRW 482.7bn, and net income fell 31.5% to KRW 388.3bn, primarily due to a high base effect from a prior-year real estate project and increased costs. Despite the overall profit decline, the company announced a 1Q26 dividend of KRW 600 per share and a KRW 250bn share buyback/cancellation as part of its FY26 Value-up Plan, alongside growth in wireless service, broadband, and kt estate revenues.

KT Corporation announced a quarterly cash dividend of KRW 600 per common share, representing a dividend yield of 1.01%. The total dividend payment is expected to be KRW 143,863,084,800. The record date for the dividend is May 27, 2026, with payment expected on June 11, 2026. The company also reiterated its FY2026 minimum DPS guidance of KRW 2,400.