KT Corporation (KT) 2Q26 results show revenue drop but AX and cloud growth
Rhea-AI Filing Summary
KT Corporation reported consolidated 2Q26 operating revenue of 6,679.9bn KRW, down 10.1% year over year, mainly due to a prior-year real estate project and lower wireless revenue from a customer appreciation program. Service revenue was 5,922.9bn KRW, up 1.8% year over year.
Operating income was 648.3bn KRW, a 34.3% increase quarter over quarter but down 36.1% year over year, with an operating margin of 9.7%. Net income reached 480.6bn KRW, up 23.7% quarter over quarter and down 34.5% year over year. EBITDA was 1,589.4bn KRW with a margin of 23.8%.
Wireless service revenue declined 1.8% year over year to 1,674.9bn KRW, while 5G handset subscribers rose to 11.147 million and total wireless subscribers to 29.501 million. B2B service revenue was 901.1bn KRW, down 2.3% year over year but up 3.3% sequentially, supported by AX business revenue of 367.8bn KRW, up 22.3% year over year.
Major subsidiaries showed mixed trends: kt cloud revenue grew 19.8% year over year to 265.4bn KRW and kt estate revenue rose 80.1% to 288.9bn KRW, while consolidated CAPEX for 2Q26 was 509.1bn KRW. KT highlighted a transformation strategy toward an AX Platform Company, asset optimization, and additional shareholder return, including a 2Q26 DPS of 600 KRW.
Positive
- kt estate revenue surged 80.1% YoY to 288.9bn KRW, driven by growth in the hotel business and new development projects.
- kt cloud revenue grew 19.8% YoY to 265.4bn KRW, supported by higher data center utilization and expansion of Design & Build services.
- AX business revenue increased 22.3% YoY to
- Operating income improved 34.3% QoQ to 648.3bn KRW, showing a sequential profitability turnaround despite weaker year-over-year comparisons.
Negative
- Consolidated operating revenue fell 10.1% YoY to 6,679.9bn KRW, reflecting a high prior-year base from a real estate project and softer wireless revenue.
- Operating income declined 36.1% YoY to 648.3bn KRW, with operating margin dropping from 13.7% to 9.7% year over year.
- Net income decreased 34.5% YoY to 480.6bn KRW, indicating significantly weaker bottom-line performance versus the prior-year quarter.
- Wireless service revenue contracted 1.8% YoY to 1,674.9bn KRW, pressured by a customer appreciation program and subscriber churn during a penalty waiver period.
Key Figures
Operating Revenue: 6,679.9bn KRW
Operating Income: 648.3bn KRW
Net Income: 480.6bn KRW
+5 more
8 metrics
Operating Revenue
6,679.9bn KRW
Consolidated 2Q26; down 10.1% year over year
Operating Income
648.3bn KRW
Consolidated 2Q26; +34.3% QoQ, -36.1% YoY
Net Income
480.6bn KRW
Consolidated 2Q26; down 34.5% year over year
EBITDA
1,589.4bn KRW
Consolidated 2Q26; EBITDA margin 23.8%
AX Business Revenue
367.8bn KRW
KT AX business in 2Q26; up 22.3% year over year
kt cloud Revenue
265.4bn KRW
2Q26; up 19.8% year over year
kt estate Revenue
288.9bn KRW
2Q26; up 80.1% year over year
2Q26 Dividend per Share
600 KRW
2Q26 DPS; record date July 29, 2026; payment August 13, 2026
Key Terms
AX Platform Company, K-IFRS, EBITDA, churn rate, +2 more
6 terms
AX Platform Company technical
"Transform into AX Platform Company and enhance profitability"
K-IFRS financial
"This presentation has been prepared by KT Corp. in accordance with K-IFRS"
EBITDA financial
"EBITDA 1,589.4bn KRW with a margin of 23.8%"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
churn rate financial
"Churn rate based on MNO subscribers (excludes IoT)"
ARPU financial
"ARPU = Wireless revenue / Wireless subscribers"
ARPU, or Average Revenue Per User, measures how much money a company earns, on average, from each of its customers over a set period. It helps investors understand how effectively a business is generating income from its customer base, similar to calculating how much each customer spends at a store. Higher ARPU often indicates stronger sales per customer and better revenue performance.
Design & Build business technical
"kt cloud rev. +19.8% YoY by increased DC utilization and Design & Build business"
FAQ
How did KT (KT) perform financially in 2Q26 on revenue and profit?
KT reported 2Q26 operating revenue of 6,679.9bn KRW, down 10.1% year over year, and operating income of 648.3bn KRW, down 36.1% year over year. Net income was 480.6bn KRW, a 34.5% year-over-year decline.
What were KT (KT) EBITDA and margins in 2Q26?
KT generated EBITDA of 1,589.4bn KRW in 2Q26, with an EBITDA margin of 23.8%. The operating margin was 9.7%, and the net income margin stood at 7.2% for the quarter.
How did KT’s (KT) wireless business and subscribers trend in 2Q26?
Wireless service revenue was 1,674.9bn KRW, down 1.8% year over year. Total wireless subscribers reached 29.501 million, including 11.147 million 5G handset subscribers, while ARPU was 34,412 KRW and churn was 0.9%.
What growth did KT (KT) see in its AX and B2B services in 2Q26?
B2B service revenue was 901.1bn KRW, down 2.3% year over year but up 3.3% quarter over quarter. Within this, AX business revenue reached 367.8bn KRW, growing 22.3% year over year and 4.8% sequentially.
How did KT’s (KT) major subsidiaries perform in 2Q26?
In 2Q26, kt cloud revenue was 265.4bn KRW, up 19.8% year over year, and kt estate revenue was 288.9bn KRW, up 80.1%. BC Card and kt skylife grew modestly, while content subsidiaries’ revenue rose 16.0% year over year.
What were KT’s (KT) capital expenditures and financial position in 2Q26?
Consolidated 2Q26 CAPEX was 509.1bn KRW. Total consolidated assets stood at 44,685.0bn KRW, liabilities at 24,253.7bn KRW, and equity at 20,431.3bn KRW, with cash and cash equivalents of 3,049.8bn KRW.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form 6-K
______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number 1-14926
______________________
KT Corporation
(Translation of registrant's name into English)
______________________
90, Buljeong-ro,
Bundang-gu, Seongnam-si,
Gyeonggi-do,
Korea
(Address of principal executive offices)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 99.1 | 2Q26 Earnings Release | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: August 12, 2026 | ||||||||
| KT Corporation | ||||||||
| By: | /s/ Sun Wook Kim | |||||||
| Name: Sun Wook Kim | ||||||||
| Title: IRO | ||||||||
| By: | /s/ Sanghyun Cho | |||||||
| Name: Sanghyun Cho | ||||||||
| Title: IR Team Leader | ||||||||
2Q26 Earnings Release
2 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 change without notice. No presentation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, actuality, fairness, or completeness of the information presented. The Company has applied new accounting standard of K-IFRS 1115 as of Jan 1st, 2018 and K-IFRS 1116 ‘Leases’ as of Jan 1st, 2019. There are no obligation to apply the new standard to previous financial statements. If you have any questions related to this material, please contact the IR department. Tel: +82-70-4193-4036
1 2Q26 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix Contents
4 Transform into AX Platform Company 2Q26 Highlights OP declined due to prior-year base(real estate pjt.*), while achieving QoQ turnaround Financials Operating Profit RevenueCons. Sep. Operating Profit Revenue (Unit: KRW) * Gwangjin-gu Lotte Eastpole Apartment 1-1 Management Strategy Value-up & Shareholder Return Announced progress & plan(Aug.12) Value-up Plan KRW 250bn (FY26 Value up plan) Share Buyback/ Cancellation Asia AX Connectivity Hub Demand –driven expansionby 2031 of AIDC capacity(+1 GW) & Subsea cable(+90 Tbps) AX growth drivers B2BIndustry specific AX/ B2C Hyper-personalized AX / Future growth AX ‘Zero Trust’-based Cyber security & IT Governance Integration / Prevention Framework / Workforce expansion / External expert collaboration Network infrastructure Enhancement of network quality & capacity / Advancing future network technologies 6,679.9bn (QoQ -1.5%, YoY -10.1%) 648.3bn (QoQ +34.3%, YoY -36.1%) 4,523.5bn (QoQ -6.4%, YoY +3.3%) 313.9bn (QoQ +23.9%, YoY -17.0%) KRW 600 2Q26 DPS1 1)Record date(‘26.7.29), Payment(‘26.8.13), 2)Trust contract for acquisition of treasury share('26.03.10~'26.9.9)
5 AX Platform Company AX Enhance profitability AssetOptimization Additional Shareholder Return FY2028 Financial Target and Action plans1-2
1 2Q26 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix Contents
7 Financial Highlights1 (Unit: KRW bn) 1) OP Margin1 = Operating Income/Service Revenue 2Q25 1Q26 2Q26 QoQ YoY Operating Revenue 7,427.4 6,778.4 6,679.9 -1.5% -10.1% Service Revenue 5,817.8 5,733.4 5,922.9 3.3% 1.8% Sale of goods 1,609.6 1,045.0 757.0 -27.6% -53.0% Operating Expense 6,412.6 6,295.7 6,031.6 -4.2% -5.9% Operating Income 1,014.8 482.7 648.3 34.3% -36.1% Margin 13.7% 7.1% 9.7% 2.7%p -4.0%p Margin1 17.4% 8.4% 10.9% 2.5%p -6.5%p Non-op. Income/Loss -39.9 29.8 -2.2 Turned to loss Narrowing loss Income before taxes 974.9 512.5 646.1 26.1% -33.7% Net Income 733.3 388.3 480.6 23.7% -34.5% Margin 9.9% 5.7% 7.2% 1.5%p -2.7%p EBITDA 1,990.7 1,440.0 1,589.4 10.4% -20.2% Margin 26.8% 21.2% 23.8% 2.5%p -3.0%p CAPEX 712.6 363.7 509.1 40.0% -28.6% K-IFRS / Consolidated • Revenue -10.1% YoY due to prior-year base effect (real estate pjt.) and lower wireless revenue following the appreciation program • OP -36.1% YoY followed by prior-year base effect and decline of KT separate OP
8 CAPEX2 ■ Major Subsidiaries’ CAPEX Includes Finance, Media, DC/Cloud, Real Estate, etc. ■ KT Separate CAPEX Access network, Backbone Network, B2B and etc. K-IFRS / Separate and major subsidiaries (Unit: KRW bn) • 1 H26 Total CAPEX Execution : KRW 718.0bn(KT Separate), KRW 154.8bn(Major Subsidiaries) 2,412 2,300 2,144 718 907 824 796 155 2023 2024 2025 1H26 KT Major Subsidiaries 3,319 3,124 2,940 873
1 2Q26 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix Contents
10 KT - Wireless • Service revenue down -1 .8% YoY, reflecting the impact of the customer appreciation program’26.02~07 and subs. churn during the penalty waiver period (5G penetration : 83.2%) • Enhancing profitability through personalized AX and stronger digital distribution channels 1 (Unit: KRW bn) 2Q25 1Q26 2Q26 QoQ YoY Wireless 1,781.7 1,757.4 1,749.7 -0.4% -1.8% Wireless Service 1,704.8 1,683.0 1,674.9 -0.5% -1.8% Interconnection 76.9 74.3 74.8 0.7% -2.7% Wireless Subscribers (Unit: Thousands) K-IFRS / Separate 26,445 27,491 28,328 28,985 29,162 7,649 8,057 8,368 8,749 9,048 6,180 6,574 6,974 7,019 7,059 2,795 2,649 2,487 2,324 2,247 10,866 11,048 11,156 11,070 11,147 2Q25 3Q25 4Q25 1Q26 2Q26 Handset(5G) Handset(exc. 5G) 2nd device & IoT MVNO
11 KT - Fixed Line • Broadband : +1.1% YoY rev. growth, due to increase in GiGA subs. and value-added services • Media : -0.5% YoY rev. decline, as weaker advertising and PPV* revenue offset IPTV subs. 2 (Unit: Thousands) Broadband Subscribers (Unit: Thousands) IPTV Subscribers 2Q25 1Q26 2Q26 QoQ YoY Fixed Line 1,334.5 1,321.6 1,314.8 -0.5% -1.5% Broadband 631.4 640.2 638.0 -0.3% 1.1% Media 526.9 526.0 524.5 -0.3% -0.5% Home Telephony 176.2 155.4 152.3 -2.0% -13.6% Subscribers GiGA (%) (Unit: KRW bn) K-IFRS / Separate 10,073 10,135 10,170 10,188 10,231 2Q25 3Q25 4Q25 1Q26 2Q26 69.7% 70.0% 70.1% 70.1% 70.2% 9,490 9,520 9,533 9,520 2Q25 3Q25 4Q25 1Q26 2Q26 9,544 *PPV : Pay-Per-View
12 KT - B2B Services3 (Unit: KRW bn) B2B Services Revenue Revenue of AX biz. 2Q25 1Q26 2Q26 QoQ YoY B2B Service 922.7 872.4 901.1 3.3% -2.3% (Unit: KRW bn) (Unit: KRW bn) K-IFRS / Separate • Rev. -2.3% YoY due to the prior-year base(Design&Build), while achieving QoQ turnaround driven by balanced growth in AX and corporate telecom business YoY -2.3% 922.7 932.7 858.6 872.4 901.1 2Q25 3Q25 4Q25 1Q26 2Q26 QoQ +3.3% 2Q25 3Q25 4Q25 1Q26 2Q26 kt cloud KT AX biz. 300.7 358.1 369.6 350.8 367.8 ※ KT AX biz. : Subsea cable, AICC, AI/IT service, etc. YoY +22.3% QoQ +4.8%
13 Major Subsidiaries4 • kt cloud rev. +19.8% YoY by increased DC Gasan,‘25.11 utilization and Design & Build business expansion • kt estate rev. +80.1% YoY supported by growth in hotel business and new development* project Revenue of Major Subsidiaries (consolidated) 2Q25 1Q26 2Q26 QoQ YoY BC Card 909.8 873.7 930.7 6.5% 2.3% kt skylife 247.2 239.0 249.9 4.6% 1.1% Content Subsidiaries* 143.5 146.4 166.4 13.7% 16.0% kt cloud 221.5 250.1 265.4 6.1% 19.8% kt estate 160.4 237.4 288.9 21.7% 80.1% *kt nasmedia,kt studiogenie(Genie music, Storywiz, and others incl.) *Earnings of PlayD was reflected up to 1Q25(disposed on Apr. 3,2025) Subsidiaries’ OP Contribution (Unit: KRW bn) K-IFRS / Consolidated(each subsidiary) (Unit: KRW bn) Excluding one-off(Gwangjin-gu real-estate PJT) gains (proportion) * Daejeon HR Center 546.1 197.3 132.1 168.8 259.3 2Q25 3Q25 4Q25 1Q26 2Q26
1 2Q26 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix Contents
15 K-IFRS Income Statement1 (Unit: KRW bn) Consolidated 2Q25 3Q25 4Q25 1Q26 2Q26 KT Separate 2Q25 3Q25 4Q25 1Q26 2Q26 Operating revenue 7,427.4 7,126.7 6,845.0 6,778.4 6,679.9 Operating revenue 4,772.8 5,109.0 4,760.2 4,834.6 4,523.5 Service revenue 5,817.8 5,920.8 5,949.4 5.733.4 5,922.9 Service revenue 4,131.7 4,179.9 4,122.5 4,069.1 4,079.3 Sale of goods 1,609.6 1,205.9 895.6 1.045.0 757.0 Handset revenue 641.1 929.1 637.7 765.5 444.2 Operating expense 6,412.6 6,588.6 6,617.7 6.295.7 6,031.6 Operating expense 4.304.1 4,768.1 4,664.9 4,520.7 4,134.5 Cost of Service 5,129.9 5,304.6 5,548.9 5.165.6 5,235.8 Cost of Service 3.677.4 3,837.8 4,042.6 3,721.5 3,719.3 Labor cost 1,119.4 1,167.6 1,184.0 1.173.9 1,173.9 Labor cost 463.0 492.8 431.9 497.0 494.0 General expense 2,639.7 2,725.9 2,788.9 2.592.7 2,596.0 General expense 1.856.0 1,956.7 2,052.3 1,866.7 1,855.4 Cost of service 755.8 778.5 701.2 746.3 813.9 Cost of service 690.6 707.4 656.5 658.3 668.0 Selling expense 615.1 632.6 874.8 652.7 651.9 Selling expense 667.8 680.9 901.9 699.5 701.8 Cost of Goods sold 1,282.6 1,283.9 1,068.7 1.130.2 795.8 Cost of Devices sold 626.7 930.3 622.4 799.2 415.2 Operating income 1,014.8 538.2 227.3 482.7 648.3 Operating income 468.7 340.9 95.3 313.9 389.0 N-OP income (loss) -39.9 55.3 -89.5 29.8 -2.2 N-OP income (loss) -46.2 39.3 -4.3 101.4 -9.1 N-OP income 351.4 132.7 264.5 365.9 254.0 N-OP income 317.6 72.6 217.8 378.9 227.7 N-OP expense 407.1 74.2 367.7 342.9 284.4 N-OP expense 363.9 33.2 222.2 277.5 236.7 Equity Method (G/L) 15.7 -3.3 13.7 6.9 28.3 Income bf tax 974.9 593.4 137.9 512.5 646.1 Income bf tax 422.5 380.2 90.9 415.3 380.0 Income tax 241.6 148.2 46.5 124.2 165.5 Income tax 64.5 90.5 42.2 75.3 94.7 Net income 733.3 445.3 91.5 388.3 480.6 Net income 358.0 289.7 48.7 340.0 285.3 NI contribution to KT 687.9 391.5 111.7 352.2 440.1 EBITDA 1,990.7 1,503.9 1,197.3 1.440.0 1,589.4 EBITDA EBITDA Margin 1.281.7 1,153.8 900.2 1,110.6 1,171.7 EBITDA Margin 26.8% 21.1% 17.5% 21.2% 23.8% 26.9% 22.6% 18.9% 23.0% 25.9%
16 K-IFRS Balance Sheet2 Consolidated 2Q25 3Q25 4Q25 1Q26 2Q26 KT Separate 2Q25 3Q25 4Q25 1Q26 2Q26 Assets 42,193.3 43,012.8 42,948.6 43,510.0 44,685.0 Assets 29,008.7 29,049.2 29,677.6 30,116.3 30,444.5 Current assets 14,385.4 15,123.6 13,977.5 14,527.1 14,821.6 Current assets 7,022.2 7,127.8 7,212.5 7,521.4 7,181.9 Cash & cash equivalents 3,794.4 3,890.3 3,507.0 2,860.1 3,049.8 Cash & cash equi. 1,419.9 1,095.5 1,585.9 1,268.9 1,210.4 Trade & other receivables 3,955.6 4,215.7 3,963.7 4,192.1 4,109.3 Trade & other rec. 2,958.1 3,186.5 2,915.7 3,220.9 2,906.4 Inventories 443.9 443.8 416.1 537.5 625.7 Inventories 166.7 155.2 94.3 173.4 270.7 Other current asset 6,191.5 6,573.7 6,090.7 6,937.4 7,036.9 Other current asset 2,477.5 2,690.7 2,616.6 2,858.2 2,794.5 - Prepaid_Contract cost 1,304.0 1,450.7 1,484.6 1,445.5 1,416.4 - Prepaid_Contract cost 1,389.3 1,549.9 1,583.8 1,557.2 1,526.1 - Contract assets 744.2 805.2 764.9 754.8 735.6 - Contract assets 667.8 707.8 630.0 613.4 604.1 Non-current assets 27,808.0 27,889.2 28,971.0 28,982.9 29,863.4 Non-current assets 21,986.5 21,921.4 22,465.1 22,594.9 23,262.6 Trade & other rec 378.3 422.1 463.1 453.5 492.6 Trade & other rec 278.9 319.9 362.9 352.8 395.3 Tangible assets 14,226.4 14,121.1 14,258.5 13,862.1 13,695.9 Tangible assets 10,913.7 10,748.7 10,932.3 10,563.9 10,402.1 Other current assets 13,203.3 13,346.0 14,249.5 14,667.3 15,674.9 Other current assets 9,941.2 10,028.4 10,357.6 10,868.1 11,685.4 - Prepaid_Contract cost 631.5 629.2 614.5 679.4 666.6 - Prepaid_Contract cost 625.6 624.1 595.2 658.5 636.4 - Contract assets 146.1 173.2 261.4 302.8 279.9 - Contract assets 116.1 140.1 226.8 258.7 257.7 Liabilities 23,316.2 23,752.8 23,490.6 23,516.4 24,253.7 Liabilities 14,165.6 13,986.4 14,451.0 14,361.4 14,444.4 Current liabilities 12,123.5 12,223.6 11,692.8 12,642.1 13,162.5 Current liabilities 7,074.7 6,539.8 6,862.3 7,478.4 7,411.2 Trade & other payables 7,077.7 7,770.5 6,868.7 6,933.6 6,781.3 Trade & other payables 4,459.9 4,545.4 4,592.5 4,515.9 4,240.6 Short-term borrowings 2,934.3 2,454.1 2,499.5 3,531.8 4,179.5 Short-term borrowings 1,895.4 1,310.4 1,323.8 2,018.1 2,279.7 Others 2,111.4 1,999.0 2,324.5 2,176.8 2,201.7 Others 719.5 684.1 946.0 944.4 890.9 - Contract liabilities 330.3 228.1 207.8 205.6 183.0 - Contract liabilities 204.8 198.3 185.7 186.8 162.8 Non-current liabilities 11,192.7 11,529.2 11,797.8 10,874.3 11,091.2 Non-current liabilities 7,090.9 7,446.6 7,588.7 6,883.0 7,033.1 Trade & other payables 383.7 386.6 328.3 295.6 613.5 Trade & other payables 666.8 649.8 622.1 544.2 838.2 Long-term borrowings 7,815.9 8,078.2 8,286.0 7,304.8 7,091.3 Long-term borrowings 5,184.4 5,499.5 5,744.9 5,006.6 4,725.0 Others 2,993.2 3,064.4 3,183.5 3,273.9 3,386.5 Others 1,239.7 1,297.2 1,221.7 1,332.2 1,470.0 - Contract liabilities 36.6 33.4 31.9 33.5 29.0 - Contract liabilities 28.0 27.3 24.8 29.0 25.0 Equity 18,877.1 19,259.9 19,458.0 19,993.6 20,431.3 Equity 14,843.1 15,062.8 15,226.6 15,754.9 16,000.1 Retained earnings 14,739.9 14,986.2 14,964.3 15,174.5 15,470.0 Retained earnings 12,156.4 12,301.6 12,219.9 12,417.4 12,555.8 (Unit: KRW bn)
17 Subscribers3 Wireless Subscribers 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 QoQ YoY Total 27,491 28,328 28,985 29,162 29,501 1.2% 7.3% - MNO 19,842 20,271 20,618 20,413 20,453 0.2% 3.1% - MVNO 7,649 8,057 8,368 8,749 9,048 3.4% 18.3% 5G Handset1) 10,866 11,048 11,156 11,070 11,147 0.7% 2.6% Churn rate2) 1.0% 1.2% 1.0% 1.7% 0.9% -0.8%p -0.1%p ARPU (KRW)3) 35,236 35,295 35,335 34,781 34,412 -1.1% -2.3% 1) 5G Handset : Retroactively applied from 1Q23 based on the change of subscriber disclosure criteria by the MSIT (excludes 5G 2nd Device and 5G IoT) 2) Churn rate : Based on MNO subscribers (excludes IoT) 3) ARPU = Wireless revenue* / Wireless subscribers** * Wireless revenue(3G, LTE, 5G incl.): Revenue of Voice/Data usage (Interconnection/Subscription fee exc.), VAS, Contract/ Bundled Discounts, and etc. incl. ** Wireless subscribers: Based on MSIT’s guidelines for average billed subscribers in quarter (IoT/M2M exc.) Fixed Line Subscribers 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 QoQ YoY Telephony 11,174 11,039 10,890 10,739 10,603 -1.3% -5.1% - PSTN 7,988 7,851 7,716 7,578 7,447 -1.7% -6.8% - VoIP 3,186 3,188 3,174 3,161 3,156 -0.2% -1.0% Broadband 10,073 10,135 10,170 10,188 10,231 0.4% 1.6% IPTV (GTV+GTS) 9,490 9,520 9,533 9,520 9,544 0.2% 0.6% (Unit: Thousands) K-IFRS / Separate (Unit: Thousands) ※ Number of IPTV subscribers above differs from MSIT figures that follow the IPTV law - Number of KT pay TV subscribers in 2H 2025 is 9,123,463 (6-month average)
