SK Telecom (SKM) cancels 2025 year-end dividend, ties future payouts to cash flow

Rhea-AI Filing Summary

SK Telecom Co., Ltd. reported that it will not distribute any cash year-end dividends for 2025. Management reached this decision after reviewing the company’s operating results and changes in the business environment and confirmed it in a report to the board of directors on February 5, 2026.

The company states that it still plans to pursue shareholder return efforts aimed at enhancing shareholder and corporate value, but any future actions will depend on improvements in cash flow and overall financial conditions.

Insights

Equity income & dividends analyst

SK Telecom cancels its 2025 year-end cash dividend, signaling near-term pressure on cash and earnings.

SK Telecom states it will not pay a cash year-end dividend for 2025, citing its results of operations and changes in the business environment. For dividend-focused holders, this removes a direct cash return that may have been expected based on prior practice.

The company also links future shareholder returns to improvements in cash flow and financial conditions, suggesting a more cautious capital allocation stance. This points to operational or macro pressures without quantifying them, and leaves timing and scale of any future distributions dependent on how those conditions evolve.

Management emphasizes an intention to continue shareholder return efforts over time, but without specific commitments or amounts. For investors who emphasize income stability, the absence of a 2025 year-end dividend is likely a materially negative development relative to expectations of ongoing payouts.

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 FEBRURAY 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 ☐

Decision Not to Distribute 2025 Year-end Dividends

On February 5, 2026, SK Telecom Co., Ltd. (the “Company”) announced that it will not distribute any cash year-end dividends for 2025 in light of the Company’s results of operations and changes in the business environment. Such decision was confirmed following the management’s report to the Company’s board of directors on February 5, 2026. The Company plans to continue its shareholder return efforts to enhance shareholder and corporate value, taking into account future improvements in cash flow and financial conditions.

Cautionary Statement Regarding Forward-Looking Statements

The material above contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. We do not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Additional information concerning these and other risk factors are contained in our latest annual report on Form 20-F and in our other filings with the U.S. Securities and Exchange Commission.

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: February 5, 2026