Strong Financial Performance
Operating revenue increased by 13.5% year-over-year to KRW 7,427.4 billion. Operating profit saw a significant rise of 105.4% year-over-year, reaching KRW 1,014.8 billion. Net income increased by 78.6% year-over-year to KRW 733.3 billion, driven by higher operating profit.
AICT Transformation and AI Initiatives
KT is actively transforming into an AICT company, launching its proprietary LLM, Mi:dm2.0, and collaborating with Microsoft for AI initiatives. The company won AI platform build projects from large companies, including the Gyeonggi provincial government and Korea Water Resources Corporation.
Dividend and Shareholder Returns
Dividend for the second quarter was increased by 20% year-over-year to KRW 600 per share. KT announced a share buyback plan amounting to KRW 250 billion.
B2B and AI IT Business Growth
B2B service revenue posted a 4.5% year-on-year growth, while AI IT business revenue grew by 13.8% year-over-year, driven by design and build projects and cloud business.
KT Cloud and Content Subsidiaries
KT Cloud saw its revenue grow 23% year-on-year, driven by increased data center usage and expanded DBO project wins. Content subsidiaries reported a 6% year-on-year revenue growth due to production and distribution expansion.