SK Telecom (NYSE: SKM) Q1 2026 profit rebounds but trails prior year

Rhea-AI Filing Summary

SK Telecom released preliminary results for the first quarter of 2026. On a consolidated basis, operating revenue was 43,923 (unit in 100 millions of Won), up 1.47% from the fourth quarter of 2025 but down 1.38% from the first quarter of 2025.

Consolidated operating income reached 5,376, surging 351.25% quarter‑on‑quarter from 1,191, yet slipping 5.25% year‑on‑year. Profit for the period was 3,164, up 226.22% versus the prior quarter but down 12.49% from a year earlier. Profit attributable to controlling interests was 3,224, rising strongly from 1,125 in the previous quarter while declining 11.53% year‑on‑year.

On a separate (parent‑only) basis, operating revenue was 31,058, up 0.71% from the previous quarter and down 1.95% from a year earlier. Separate operating income was 4,095, more than tripling quarter‑on‑quarter but falling 15.10% year‑on‑year. These figures are prepared under International Financial Reporting Standards as adopted in Korea and may change after the external audit.

Key Figures

Consolidated Operating Revenue: 43,923 (unit in 100 millions of Won) Consolidated Operating Income: 5,376 (unit in 100 millions of Won) Consolidated Profit for the Period: 3,164 (unit in 100 millions of Won) +4 more

7 metrics

Consolidated Operating Revenue 43,923 (unit in 100 millions of Won) Q1 2026; +1.47% vs Q4 2025, -1.38% vs Q1 2025

Consolidated Operating Income 5,376 (unit in 100 millions of Won) Q1 2026; +351.25% vs Q4 2025, -5.25% vs Q1 2025

Consolidated Profit for the Period 3,164 (unit in 100 millions of Won) Q1 2026; +226.22% vs Q4 2025, -12.49% vs Q1 2025

Profit Attributable to Controlling Interests 3,224 (unit in 100 millions of Won) Q1 2026; +186.44% vs Q4 2025, -11.53% vs Q1 2025

Separate Operating Revenue 31,058 (unit in 100 millions of Won) Q1 2026; +0.71% vs Q4 2025, -1.95% vs Q1 2025

Separate Operating Income 4,095 (unit in 100 millions of Won) Q1 2026; +213.20% vs Q4 2025, -15.10% vs Q1 2025

Separate Profit for the Period 3,327 (unit in 100 millions of Won) Q1 2026; +214.01% vs Q4 2025, -29.90% vs Q1 2025

Key Terms

Operating Revenue, Profit (Loss) from Continuing Operations Before Income Tax, controlling interests, International Financial Reporting Standards, +1 more

5 terms

Operating Revenue financial

"Classification (unit in 100 millions of Won, %) ... Operating Revenue | | Quarterly Results"

Operating revenue is the money a company earns from its regular, ongoing business activities—such as selling products or providing services—excluding one-time items like investment gains or asset sales. Investors care because it reveals whether the core business is actually attracting customers and growing, much like a store’s daily sales show real demand, and it helps gauge the sustainability of future profits and company value.

Profit (Loss) from Continuing Operations Before Income Tax financial

"Profit (Loss) from Continuing Operations Before Income Tax | | Quarterly Results"

controlling interests financial

"Attributable To: Controlling Interests | | Quarterly Results | | | 3,224"

International Financial Reporting Standards regulatory

"prepared on a consolidated basis and separate basis in accordance with International Financial Reporting Standards as adopted in Korea"

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

preliminary results financial

"The preliminary results set forth in this report have been prepared on a consolidated basis and separate basis"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

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 May 2026

Commission File Number: 333-04906

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

65, Euljiro, Jung-gu

Seoul 04539, Korea

(Address of principal executive office)

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 ☐

Preliminary Results of Operations

• The preliminary results shown below may differ from the final results.

1. Basis: Consolidated

Classification (unit : in 100 millions of Won, %)				Current Period (First quarter(1) of 2026)				Previous Period (Fourth quarter(2) of 2025)				Changes (%)				Year to Year Comparison (First quarter(1) of 2025)				Changes (%)
Operating Revenue		Quarterly Results			43,923				43,287				1.47				44,537				(1.38)
		Year-to- date (“YTD”)(3) Results			43,923				N.A	*			N.A	*			44,537				(1.38)
Operating Income		Quarterly Results			5,376				1,191				351.25				5,674				(5.25)
		YTD(3) Results			5,376				N.A	*			N.A	*			5,674				(5.25)
Profit (Loss) from Continuing Operations Before Income Tax		Quarterly Results			4,656				1,378				237.75				5,079				(8.33)
		YTD(3) Results			4,656				N.A	*			N.A	*			5,079				(8.33)
Profit (Loss) for the Period		Quarterly Results			3,164				970				226.22				3,616				(12.49)
		YTD(3) Results			3,164				N.A	*			N.A	*			3,616				(12.49)
Attributable To: Controlling Interests		Quarterly Results			3,224				1,125				186.44				3,644				(11.53)
		YTD(3) Results			3,224				N.A	*			N.A	*			3,644				(11.53)

(1) Refers to the three-month period from January 1 to March 31 of a given year.

(2) Refers to the three-month period from October 1 to December 30 of a given year.

(3) Refers to the three-month period from January 1 to March 31 of a given year.

* Means “not applicable.”

2. Basis: Separate

Classification (unit : in 100 millions of Won, %)				Current Period (First quarter(1) of 2026)				Previous Period (Fourth quarter(2) of 2025)				Changes (%)				Year to Year Comparison (First quarter(1) of 2025)				Changes (%)
Operating Revenue		Quarterly Results			31,058				30,837				0.71				31,675				(1.95)
		YTD(3) Results			31,058				N.A	*			N.A	*			31,675				(1.95)
Operating Income (Loss)		Quarterly Results			4,095				1,308				213.20				4,824				(15.10)
		YTD(3) Results			4,095				N.A	*			N.A	*			4,824				(15.10)
Profit (Loss) Before Income Tax		Quarterly Results			4,339				1,710				153.83				6,010				(27.80)
		YTD(3) Results			4,339				N.A	*			N.A	*			6,010				(27.80)
Profit (Loss) for the Period		Quarterly Results			3,327				1,060				214.01				4,746				(29.90)
		YTD(3) Results			3,327				N.A	*			N.A	*			4,746				(29.90)

(1) Refers to the three-month period from January 1 to March 31 of a given year.

(2) Refers to the three-month period from October 1 to December 30 of a given year.

(3) Refers to the three-month period from January 1 to March 31 of a given year.

* Means “not applicable.”

3. Source of Data		Data Provider		IR, SK Telecom
		Provided for		Analysts and Investors
		Date of Provision		May 7, 2026 / 4:00 p.m. (Seoul time)
		Location		2026 1Q Earnings Results Conference Call
		Organizing Team		IR, SK Telecom (+82-2-6100-2114)
4. Other Important Matters Relating to an Investment Decision		• The preliminary results set forth in this report have been prepared on a consolidated basis and separate basis in accordance with International Financial Reporting Standards as adopted in Korea and may be subject to change based on the results of the audit by the Company’s external auditor. • For further relevant materials, please refer to the Company’s IR website at: https://www.sktelecom.com/en/investor/lib/announce.do

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.

SK TELECOM CO., LTD.
(Registrant)
By:		/s/ Taehee Kim
(Signature)
Name:		Taehee Kim
Title:		Vice President

Date: May 7, 2026

FAQ

What were SK Telecom (SKM) consolidated operating revenues in Q1 2026?

SK Telecom reported consolidated operating revenue of 43,923 (unit in 100 millions of Won) for Q1 2026. This was a 1.47% increase from the fourth quarter of 2025 but a 1.38% decrease compared with the first quarter of 2025.

How did SK Telecom (SKM) Q1 2026 operating income perform?

Consolidated operating income for Q1 2026 was 5,376 (unit in 100 millions of Won). It rose 351.25% versus the weak fourth quarter of 2025, when it was 1,191, but declined 5.25% compared with operating income of 5,674 a year earlier.

What was SK Telecom (SKM) profit for the period in Q1 2026?

Profit for the period on a consolidated basis was 3,164 (unit in 100 millions of Won) in Q1 2026. This represented a 226.22% increase from the prior quarter’s 970, but a 12.49% decrease compared with 3,616 in the first quarter of 2025.

How much profit was attributable to SK Telecom (SKM) controlling interests?

Profit attributable to controlling interests in Q1 2026 was 3,224 (unit in 100 millions of Won). It increased strongly from 1,125 in the fourth quarter of 2025, but decreased 11.53% compared with 3,644 in the first quarter of 2025.

How did SK Telecom (SKM) perform on a separate basis in Q1 2026?

On a separate (parent‑only) basis, SK Telecom recorded operating revenue of 31,058 and operating income of 4,095 (unit in 100 millions of Won) in Q1 2026. Revenue grew 0.71% quarter‑on‑quarter, while operating income rose sharply but fell 15.10% year‑on‑year.

Are SK Telecom (SKM) Q1 2026 results final or preliminary?

The Q1 2026 figures are preliminary results prepared under International Financial Reporting Standards as adopted in Korea. They may change after the company’s external auditor completes its audit, so final audited numbers could differ from these preliminary data.