KT&G posts record Q3 earnings, unveils $3.7 bil. shareholder return plan

KT&G reported record third-quarter revenue and operating profit in South Korea on Thursday, while announcing a four-year shareholder return plan worth 5 trillion won. Consolidated revenue rose 4.3 percent year over year to 1.91 trillion won, and operating profit increased 13.9 percent to 530.1 billion won. The company plans to raise its 2026 annual dividend to 8,000 won per share and repurchase and cancel 1.2 trillion won in shares from 2027 to 2030. It forecasts 2026 revenue of 7 trillion won and operating profit of 1.5 trillion won.

KT&G’s cigarette business recorded revenue of 1.31 trillion won, up 6 percent, and operating profit of 425.5 billion won, up 14.4 percent.

KGC reported revenue of 372.2 billion won, up 3.4 percent, and operating profit of 80.1 billion won, up 12.2 percent.

KT&G aims to increase its dividend payout ratio from around 60 percent to at least 75 percent by 2030.

The company targets more than 550 billion won in cumulative cost savings over four years through production network optimization, including operations at its Indonesian factory completed in October.

By 2030, KT&G aims to generate at least 70 percent of cigarette revenue overseas, with NGP revenue equivalent to at least 30 percent of cigarette revenue and overseas sales making up at least 30 percent of health functional foods revenue.

Published Nov 5, 2026 4:43 pm KST

Company targets global markets to account for 70% of cigarette revenue by 2030

KT&G CEO Bang Kyung-man speaks during the company's Capital Markets Day in Seoul, Thursday. Courtesy of KT&G

KT&G posted record quarterly revenue and operating profit in the third quarter, driven by growth across its core businesses, while unveiling a four-year shareholder return plan worth 5 trillion won ($3.7 billion).

The tobacco and consumer goods company said Thursday that consolidated revenue rose 4.3 percent from a year earlier to 1.91 trillion won, while operating profit increased 13.9 percent to 530.1 billion won. Both figures marked quarterly records.

Its cigarette business generated record revenue of 1.31 trillion won, up 6 percent, and operating profit of 425.5 billion won, up 14.4 percent. Its operating margin improved 2.4 percentage points to 32.6 percent.

The global cigarette business marked its 10th consecutive quarter of growth in sales volume, revenue and operating profit. Its next-generation products (NGP) business maintained its leading market share in Korea while improving its product mix.

KGC, KT&G's health functional foods subsidiary, reported revenue of 372.2 billion won, up 3.4 percent, and operating profit of 80.1 billion won, up 12.2 percent.

At its Capital Markets Day, KT&G CEO Bang Kyung-man outlined a shareholder return policy covering 2027 to 2030. The company plans to raise its annual dividend to 8,000 won per share for 2026, up 33.3 percent from 6,000 won in 2025, and increase its dividend payout ratio from around 60 percent to at least 75 percent by 2030.

It will additionally repurchase and cancel 1.2 trillion won worth of shares over the four-year period. Including dividends, total shareholder returns are expected to reach 5 trillion won, with additional special returns possible if necessary.

KT&G forecasts full-year 2026 revenue of 7 trillion won and operating profit of 1.5 trillion won, backed by overseas expansion across its cigarette, NGP and health functional foods businesses.

For global cigarettes, it plans strategic price increases, a stronger focus on premium products such as ESSE and expansion into 30 additional markets. It will also strengthen local subsidiaries to gain greater control over pricing and product strategies.

The company targets more than 550 billion won in cumulative cost savings over four years through production network optimization, including operations at its new Indonesian factory, completed in October.

In NGP, KT&G plans to expand heat-not-burn products through direct overseas operations while maintaining global partnerships. It also aims to take its nicotine pouch brand LOOP into around 70 countries by 2030, including the United States, the world's largest market for the products. KT&G acquired LOOP's parent company, ASF, late last year.

KGC plans to expand overseas sales of red ginseng ingredients alongside its Jung Kwan Jang products and pursue technology partnerships and product development with global food, beverage and beauty companies.

By 2030, KT&G aims to generate at least 70 percent of cigarette revenue overseas. It also targets NGP revenue equivalent to at least 30 percent of cigarette revenue and overseas sales accounting for at least 30 percent of health functional foods revenue.

"By strengthening our three growth pillars — global cigarettes, NGP and health functional foods — and expanding their global reach, we will deliver growth centered on profitability, going beyond simple revenue growth," Bang said.

韩国电信集团KT&G周四公布了第三季度财报，营收和营业利润均创历史新高，同时宣布了一项为期四年、总额达5万亿韩元的股东回报计划。合并营收同比增长4.3%至1.91万亿韩元，营业利润增长13.9%至5301亿韩元。该公司计划将2026年的年度股息提高至每股8000韩元，并在2027年至2030年间回购并注销价值1.2万亿韩元的股票。该公司预计2026年营收将达到7万亿韩元，营业利润将达到1.5万亿韩元。

KT&G的卷烟业务收入为1.31万亿韩元，增长6%；营业利润为4255亿韩元，增长14.4%。

KGC公布营收为3722亿韩元，增长3.4%；营业利润为801亿韩元，增长12.2%。

KT&G的目标是到2030年将其股息支付率从约60%提高到至少75%。

该公司计划通过生产网络优化，在四年内累计节省成本超过 5500 亿韩元，其中包括其印尼工厂于 10 月份完成的运营。

到 2030 年，KT&G 的目标是至少 70% 的卷烟收入来自海外，NGP 收入至少占卷烟收入的 30%，而保健功能食品收入的至少 30% 来自海外销售。

发布于2026年11月5日下午4:43（韩国标准时间）

该公司目标是到2030年使全球市场占卷烟收入的70%。

KT&G首席执行官方京万周四在首尔举行的公司资本市场日活动上发表讲话。图片由KT&G提供。

KT&G 第三季度营收和营业利润均创历史新高，这主要得益于其核心业务的增长。同时，该公司还公布了一项价值 5 万亿韩元（37 亿美元）的四年股东回报计划。

这家烟草和消费品公司周四表示，其合并营收同比增长4.3%至1.91万亿韩元，营业利润增长13.9%至5301亿韩元。这两项数据均创下季度新高。

其卷烟业务创造了创纪录的营收1.31万亿韩元，增长6%；营业利润4255亿韩元，增长14.4%；营业利润率提高2.4个百分点，达到32.6%。

全球卷烟业务连续第十个季度实现销量、收入和营业利润增长。其新一代产品（NGP）业务在韩国保持了领先的市场份额，同时优化了产品组合。

KT&G旗下保健功能食品子公司KGC公布营收为3722亿韩元，增长3.4%；营业利润为801亿韩元，增长12.2%。

在资本市场日上，KT&G首席执行官方京万概述了2027年至2030年的股东回报政策。该公司计划将2026年的年度股息提高到每股8000韩元，比2025年的6000韩元增长33.3%，并将股息支付率从约60%提高到2030年的至少75%。

此外，该公司还将在四年内回购并注销价值1.2万亿韩元的股份。包括股息在内，预计股东总回报将达到5万亿韩元，如有必要，还可能派发额外的特别回报。

KT&G 预测，在卷烟、新型烟草制品和保健功能食品业务的海外扩张的支持下，2026 年全年营收将达到 7 万亿韩元，营业利润将达到 1.5 万亿韩元。

针对全球卷烟业务，该公司计划进行战略性提价，更加注重ESSE等高端产品，并拓展至30个新市场。此外，该公司还将加强对当地子公司的管理，以更好地掌控定价和产品策略。

该公司计划通过优化生产网络，在四年内累计节省成本超过 5500 亿韩元，其中包括其于 10 月份竣工的印尼新工厂的运营。

在NGP领域，KT&G计划通过海外直营业务拓展加热不燃烧产品，同时维持全球合作伙伴关系。该公司还计划到2030年将其尼古丁袋品牌LOOP推向约70个国家，包括全球最大的市场——美国。KT&G于去年底收购了LOOP的母公司ASF。

KGC计划扩大其正官庄产品以外红参原料的海外销售，并与全球食品、饮料和美容公司寻求技术合作和产品开发。

到2030年，韩国烟草公司（KT&G）的目标是至少70%的卷烟收入来自海外市场。该公司还计划使新型保健食品（NGP）收入至少占卷烟收入的30%，并使海外销售额至少占保健功能食品收入的30%。

Bang表示：“通过加强我们的三大增长支柱——全球卷烟、新型生物质产品和健康功能食品——并扩大其全球影响力，我们将实现以盈利为中心的增长，而不仅仅是简单的收入增长。”