KT&G: New, Upgraded Total Shareholder Return Plan

• KT&G announced a new shareholder return policy worth a total of 3.7 trillion won, including 2.4 trillion won in dividends and 1.3 trillion won in treasury shares buybacks by 2027.

• On an annual basis, the total shareholder returns from 2025 to 2027 would be about 1.2 trillion won, which represents about 8.8% of the company's current market cap.

• This is better than the one the company provided last year. KT&G also reported solid results in 3Q 2024 driven by excellent results in core tobacco business.