KT&G Reports Record Q3 Revenue and Announces KRW 5 Trillion Shareholder Return Plan
KT&G (KRX: 033780) has achieved record-breaking quarterly results for the third quarter, with consolidated revenue rising 4.3% year-over-year to KRW 1.9052 trillion and operating profit increasing 13.9% to KRW 530.1 billion. The growth was primarily driven by its core cigarette business, which saw a 6.0% increase in revenue and achieved an impressive operating margin of 32.6%. To reward investors, the company unveiled an ambitious four-year shareholder return package totaling KRW 5 trillion. This plan includes increasing the 2026 annual dividend to KRW 8,000 per share—a 33.3% increase—and targeting a dividend payout ratio of at least 75% by 2030. Additionally, KT&G intends to repurchase and cancel KRW 1.2 trillion worth of shares through 2030. Looking forward, CEO Bang Kyung-man outlined a strategy to expand global market presence for Next Generation Products (NGP) and health functional foods. The company aims for full-year 2026 revenue of KRW 7 trillion and plans to enter 30 new international markets while optimizing its production network through a new Indonesian facility.
Topics: Cigarette Industry Dividend Policy Quarterly Earnings Revenue Growth Share Repurchase