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KT&G Posts Record Q3 Revenue and Operating Profit, Raises Full-Year Guidance

Export strength plus a weaker won lifted results, prompting upgraded guidance.

Overview

  • Consolidated revenue reached 1.8269 trillion won and operating profit hit 465.3 billion won in Q3, both up about 11% year over year.
  • Net profit jumped 73.4% to 418.7 billion won, supported by higher overseas cigarette sales and favorable currency translation.
  • Global cigarette revenue rose 24.9% to 524.2 billion won with volume up 12.8%, led by Central Asia, Latin America and the Asia-Pacific.
  • Management raised full-year revenue and operating-profit targets to double-digit growth following the third-quarter performance.
  • KT&G and Altria plan to close their joint acquisition of Another Snus Factory in December, targeting a 2026 rollout of nicotine pouches, alongside ongoing buybacks and a higher minimum dividend.