Financial Data and Key Metrics Changes - Operating revenue increased by 7.1% year-over-year, reaching KRW 7.1267 trillion, driven by sustained growth from core businesses including telecom, real estate, cloud, and data center [27] - Operating profit rose by 16% year-over-year, amounting to KRW 538.2 billion [27] - Net income increased by 16.2% year-over-year, recording KRW 445.3 billion, supported by the rise in operating profit [28] - EBITDA grew by 5.2% year-over-year, reaching KRW 1,503.9 billion [28] - Operating expenses rose by 6.4% year-over-year to KRW 6 trillion 588.6 billion, attributed to increased cost of goods sold, cost of services, and selling expenses [32] Business Line Data and Key Metrics Changes - Wireless revenue grew by 4% year-over-year, reaching KRW 1,809.6 billion, driven by subscriber base expansion around 5G, with 5G penetration at 80.7% [35][36] - Broadband internet revenue increased by 2.3% year-over-year to KRW 636.7 billion, supported by GiGA Internet subscriber growth and value-added services [38] - Media business revenue grew by 3.1% year-over-year, backed by higher IPTV subscriber net additions and premium plan sales [40] - Home telephony revenue fell by 6.6% year-over-year to KRW 160.9 billion [42] - B2B service revenue reported a 0.7% year-over-year growth, driven by enterprise messaging and corporate broadband despite low-margin business streamlining [44] - AI and IT business revenue decreased by 5.7% year-over-year due to structural enhancements, despite ongoing monetization efforts [46] - KT Cloud revenue surged by 20.3% year-over-year, driven by increased data center usage and AI cloud demand [49] - KT Estate revenue rose by 23.9% year-over-year to KRW 186.9 billion, supported by strong hotel business performance and new development projects [50] Market Data and Key Metrics Changes - The net to equity ratio as of September 2025 was 123.3%, while the net debt ratio increased by 4.2 percentage points year-over-year to 34.5% [33] Company Strategy and Development Direction - KT is focusing on transforming into an AICT company, collaborating with global tech firms to launch specific services and establishing the KT Innovation Hub [14][16] - The corporate value enhancement plan is ongoing, with efforts to streamline assets and enhance profitability through rationalizing low-margin businesses and liquidating non-core assets [21] - A share buyback of KRW 250 billion was completed on August 13 as part of the value enhancement plan [23] Management's Comments on Operating Environment and Future Outlook - Management expressed a conservative outlook for Q4 due to seasonality and uncertainties related to customer compensation measures following the unauthorized micropayment incident [62] - Despite challenges, management is optimistic about achieving year-over-year growth for the full year 2025, supported by solid performance in core businesses and one-off gains [64] - The company is committed to investing over KRW 1 trillion in information security over the next five years to enhance customer protection and prevent future incidents [79] Other Important Information - The process for CEO nomination began on November 4, with a committee of independent directors responsible for selecting candidates [9] - The third quarter dividend was set at KRW 601 per share, maintaining a 20% higher payout year-over-year [19] Q&A Session Summary Question: Outlook for Q4 and dividend payment - Management acknowledged the usual seasonality impacts in Q4 and uncertainties from customer compensation measures, taking a conservative stance on forecasts while striving to minimize impacts [62][65] - Regarding dividends, management indicated that the board will consider annual financial performance and shareholder expectations before making decisions [65][66] Question: Financial impact of the hacking incident and prevention measures - Management confirmed that compensation plans are in place for affected customers, with costs related to USIM replacement expected to be recognized in Q4 [75][77] - A significant investment in information security exceeding KRW 1 trillion over five years was announced, with annual investments of KRW 120 billion-130 billion expected [79] Question: CEO appointment process and impact on value-up program - The CEO appointment process involves a director candidate recommendation committee and will conclude with a candidate presented to the board for final confirmation [86][90] - Management assured that the value-up plan will remain consistent regardless of the new CEO, as it is a commitment to the market [92]

KT Corporation (NYSE:KT) Q3 2025 Earnings Call November 07, 2025 01:00 AM ET Speaker2Good morning and good evening. Thank you all for joining this conference call, and now we will begin the conference of the third quarter of fiscal year 2025 earnings results by KT. We would like to have welcoming remarks from KT IRO, and then CFO will present earnings results and entertain your questions. This conference will start with a presentation followed by a Q&A session. If you have a question, please press star one, ...

3Q25 Earnings Release Disclaimer This presentation has been prepared by KT Corp.(the "Company") in accordance with K-IFRS. This presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. This presentation is being presented solely for your information and is subject to change without notice. No presentation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, actuality, fairness, or completeness of the information pre ...

5 November 2025 | 1:42PM HKT Equity Research Hong Kong Exchanges (0388.HK): 3Q25 First Take: Beat lead by investment income; Buy HKEX reported 3Q25 EPS of HK$3.88, up 56% yoy. This is +9% higher vs GSe, but +4% ahead of Visible Alpha consensus of HK$3.72. Compared with GSe, the beat was again largely driven by better-than-expected investment income. Profit excluding investment income was in-line with GSe as core revenues were +1% vs. GSe and OPEX was in-line. We would expect a mild positive share price reac ...

5 November 2025 | 4:23PM CST Equity Research Four leading white goods companies (Midea, Haier, Gree, Hisense First Takes) reported increasingly divergent 3Q25 results. Midea and Haier came above expectations with ~10% revenue and profits growth, while Gree and Hisense missed both our and market expectations with SD% yoy profits decline. In the domestic market, we see notable divergence in split AC growth where Gree reported sequentially widened teens% yoy revenue decline while Midea, Haier and Hisense showe ...

November 5, 2025 05:35 PM GMT M Idea Suzhou TFC Optical Communication Co Ltd. | Asia Pacific 3Q25 Earnings Miss Reflected; Upgrade to EW | What's Changed | | | | --- | --- | --- | | Suzhou TFC Optical Communication Co Ltd. (300394.SZ) | From | To | | Rating | | Underweight Equal-weight | | Reaction to earnings | | | | Strengthens our thesis | Modest shortfall | Modest revision lower | | Impact to our thesis | Financial results versus consensus | Direction of next 12-month | | | | consensus EPS | Source: Com ...

November 5, 2025 03:58 AM GMT Advanced Micro Devices | North America No surprises on qtr; all eyes on the analyst day | What's Changed | | | | --- | --- | --- | | Advanced Micro Devices (AMD.O) | From | To | | Price Target | $246.00 | $260.00 | Reaction to earnings Unchanged Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research AMD had upside in 3q, guided in line with our estimate/slight ...

5 November 2025 | 12:06PM HKT Economics Research China: Unofficial services PMI edged down in October; October inflation and credit preview Bottom line: The headline RatingDog China Services PMI (formerly the Caixin services PMI) edged down to 52.6 in October from 52.9 in September, suggesting services sector activity continued to expand but at a slightly slower pace. Key numbers: S&P Global services PMI: 52.6 in October (Bloomberg consensus: 52.5), vs. 52.9 in September. Main points: 1. The RatingDog China ...

4 November 2025 | 8:52PM EST Equity Research Advanced Micro Devices Inc. (AMD): Strong Datacenter ramp with OpenAI on the horizon, but near-term operating leverage is limited Key stock takeaways: We expect the stock to be range bound following a beat-and-raise quarter driven by upside in the Datacenter and Client segments, largely offset by lower margins - against a backdrop of elevated expectations. We believe investors were constructively positioned heading into the report given the company's recent partn ...

5 November 2025 | 3:27PM CST Equity Research China Healthcare: Insulin 3Q25 wrap-up: Ample room for domestic substitution in insulin analogs After two rounds of VBP, China's insulin industry has seen a major opportunity for domestic substitution, and the two companies we cover in this segment have continued to deliver strong revenue growth. According to our tracked database Pharmcube, the localization rates of three representative insulin analogs - insulin glargine, insulin aspart, and insulin aspart premix ...