KT&G Q3 Net Profit Up 73%; Overseas NGP Revenue Nearly Doubles, Nicotine Pouch Expansion Set to Launch Globally

Nov.06.2025

KT&G Q3 Net Profit Up 73%; Overseas NGP Revenue Nearly Doubles, Nicotine Pouch Expansion Set to Launch Globally

KT&G reported its Q3 2025 financial results, posting revenue of KRW 1.83 trillion (≈USD 1.31 billion) and a 73.4% year-over-year surge in net profit—marking the company’s highest operating profit in five years. The Next Generation Product (NGP) segment performed strongly, generating KRW 279.1 billion (≈USD 199 million) in revenue, with overseas NGP sales more than doubling year-over-year.

2Firsts, November 6, 2025 — Korean tobacco giant KT&G released its financial results for the third quarter of 2025, reporting significant growth across key performance indicators and achieving its highest operating profit in five years.

Key Financial Highlights

Revenue: KRW 1.83 trillion (≈USD 1.31 billion), up 11.6% year-over-year
Operating Profit: KRW 465.3 billion (≈USD 332 million), up 11.4%, marking a five-year high
Net Profit: KRW 418.7 billion (≈USD 299 million), up 73.4% year-over-year
Earnings per Share (EPS): KRW 3,898 (≈USD 2.78)

Next Generation Product (NGP) Performance

Growth in the NGP segment was driven by expanded device and consumable product lines in both domestic and overseas markets, as well as the fulfillment of backlogged device orders from the first half of the year.

Total NGP Revenue: KRW 279.1 billion (≈USD 199 million), up from KRW 193.2 billion (≈USD 138 million) in Q3 2024
Overseas NGP Revenue: KRW 110.8 billion (≈USD 79 million), up from KRW 36.6 billion (≈USD 26 million) in Q3 2024
Domestic NGP Revenue: KRW 168.3 billion (≈USD 120 million)
Sales Drivers: The launch of the upgraded lil SOLID device in Russia and the resumption of delayed shipments led to a 13.3% year-over-year increase in consumable sales.

Strategic Partnership & Nicotine Pouch Expansion

Strategic Partnership: KT&G announced a partnership with Altria to jointly acquire Nordic nicotine pouch manufacturer ASF.
Global Expansion Plan: Starting in 2026, KT&G aims to expand its nicotine pouch business from five Nordic markets to Europe, the Middle East, Africa, Asia, and North America.

Also Read:

[1] From Partnership to Acquisition: Why KT&G Is Betting on the Global Nicotine Pouch Market

[2] Hanwha Securities: KT&G's Global Market Share Expected to Hit New High, Overseas Heated Tobacco Sales Projected to Grow 74%

[3] South Korean convenience store GS25 and KT&G jointly released a new heated tobacco product, which will be available starting in October

[4] KT&G launches the LIL AIBLE 2.0 PLUS heated tobacco device, featuring fast charging and a new "REAL RIMO" cartridge

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