SK Telecom FY 2025 Annual Report
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Filed: March 18, 2026· period ending December 31, 2025DART

SK Telecom annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).

SK Telecom FY 2025 Annual Report Analysis

Business Overview

  • Core business: Korean MNO/fixed-line telecom operator; wireless (73% of revenue), wireline via SK Broadband (25%), plus small other segment
  • Wireless operating profit collapsed to KRW 818B (FY25) vs KRW 1,530B (FY24), a ~47% YoY drop, dragging consolidated OP to KRW 1,073B from KRW 1,823B

Management Discussion & Analysis

  • Consolidated revenue KRW 17.1T, down 4.7% YoY; operating profit KRW 1.07T, down 41.1% YoY; net income KRW 375B, down 73% YoY
  • OP collapse driven by cyber breach response costs (SIM replacement program), voluntary retirement expenses, and subscriber losses with fee waivers

Risk Factors

  • Net FX exposure (USD liabilities net of assets): USD ~915M (KRW 1,313B net short); 10% KRW depreciation hits pre-tax profit by KRW +11.3B
  • Currency swaps hedge USD 1B face value of foreign-currency bonds (USD 400M maturing 2027, USD 300M to 2028, USD 300M to 2028); derivative asset fair value KRW 201.3B

SK Telecom FY 2025 Key Financial Metrics
DART

Revenue

KRW 17.10T

-4.7% YoY

Net Income

KRW 375.1B

-73.0% YoY

Operating Margin

6.3%

-389bp YoY

Net Margin

2.2%

-554bp YoY

ROE

2.9%

-894bp YoY

Total Assets

KRW 30.11T

-1.3% YoY

EPS (Diluted)

KRW 1,825

-68.3% YoY

Operating Cash Flow

KRW 3.92T

-22.9% YoY

CapEx

KRW 2.21T

-11.3% YoY

Source: KIFRS consolidated financial data from SK Telecom annual report on DART. All figures in KRW.

Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding