KT Skylife Co (053210) Q4 2025 earnings summary

Executive summary

• Annual consolidated revenue for 2025 was ₩984.2 billion, down 3.8% year-over-year, with consolidated operating income turning positive at ₩23 billion, driven by reduced amortization and impairment losses at subsidiaries.

• Standalone revenue was ₩683.3 billion, down 3.3% year-over-year, and standalone operating income was ₩37.8 billion, down 7.9% year-over-year, impacted by increased costs for subscriber acquisition and one-off expenses related to the launch of ipit TV.

• Subscriber base rebounded, with ipit TV and internet segments showing strong growth, while mobile subscribers saw a slight decrease in Q4 due to contract penalty issues.

Financial highlights

• Q4 2025 standalone revenue was ₩171.1 billion (down 2.2% YoY), and operating income was ₩6.3 billion (down 235.5% YoY), mainly due to one-time costs and higher subscriber acquisition expenses.

• Q4 2025 consolidated revenue was ₩247.2 billion (down 3.8% YoY), and consolidated operating loss was ₩11.6 billion (down 105.6% YoY), reflecting market headwinds and cost increases.

• EBITDA margin for the year was 12.0% standalone and 16.7% consolidated, both declining from the previous year.

• Annual dividend maintained at ₩350 per share, with a yield of 7.2%.

Outlook and guidance

• Service revenue is expected to grow, led by continued expansion in ipit TV and internet subscribers.

• Ongoing cost management and focus on high-margin segments are anticipated to support profitability.