S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

KT&G Raises 2026 Profit Guidance Following Record Half-Year Revenue

KT&G posted its highest-ever first-half revenue on August 6, marking four consecutive quarters of double-digit operating profit growth. The South Korean tobacco giant, bolstered by strong performance in its global cigarette and next-generation product divisions, has subsequently lifted its full-year 2026 financial guidance and hiked interim dividends to KRW 2,000 per share.

KT&G Raises 2026 Profit Guidance Following Record Half-Year Revenue
Photo: Bio & News

Second-quarter consolidated revenue reached KRW 1.7016 trillion, a 9.9% increase year-over-year, while operating profit climbed 18.5% to KRW 414.5 billion. This momentum prompted the firm to raise its full-year revenue growth forecast to 5–7% and operating profit targets to 10–13%. The core tobacco business proved the primary engine for these gains, with revenue rising 11.7% to KRW 1.2185 trillion.

Global cigarette sales were a standout, surging 18.9% to KRW 557.7 billion despite geopolitical headwinds in markets like Iran. Meanwhile, the Next Generation Products (NGP) segment captured a 48.2% domestic market share, driven by the rollout of the 'lil AIBLE 3.0' device. While the KGC health food unit saw domestic gains, overseas revenue dipped due to inventory adjustments in China.

Management is leaning heavily into shareholder returns. The board’s decision to increase the interim dividend by KRW 600 reflects a broader strategy to bolster corporate value. Having already completed its treasury share cancellation goals ahead of schedule, the company intends to unveil a new mid-to-long-term return policy in the fourth quarter.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!