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SKM

SK Telecom Co.,Ltd

SKM

SK Telecom Co.,Ltd • NYSE
$20.19 ▼ -0.20% (-0.04)
Market Cap $7.75 B
52w High $24.05
52w Low $19.73
Dividend Yield 1.00%
P/E 11.47
Volume 264.93K
Outstanding Shares 383.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.978T ▼ $3.93T ▼ $-158.2B ▼ -3.977% ▼ $-412.66 ▼ $871.12B ▼
Q2-2025 $4.339T ▼ $4T ▲ $89.638B ▼ 2.066% ▼ $220.93 ▼ $1.23T ▼
Q1-2025 $4.454T ▼ $3.326T ▼ $364.422B ▲ 8.182% ▲ $937.4 ▲ $1.502T ▼
Q4-2024 $4.512T ▼ $3.807T ▲ $290.858B ▲ 6.447% ▲ $696.67 ▲ $1.508T ▲
Q3-2024 $4.532T $3.394T $268.905B 5.933% $688.83 $1.384T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.555T ▲ $29.304T ▼ $17.333T ▼ $11.852T ▲
Q1-2025 $2.552T ▲ $29.921T ▼ $17.979T ▼ $11.819T ▲
Q4-2024 $2.348T ▲ $30.515T ▲ $18.688T ▲ $11.699T ▼
Q3-2024 $2.237T ▲ $29.473T ▲ $16.911T ▲ $11.743T ▼
Q2-2024 $1.793T $29.452T $16.865T $11.78T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-158.2B ▼ $0 ▼ $0 ▼ $0 ▲ $-2.353T ▼ $0 ▼
Q2-2025 $89.638B ▼ $1.404T ▲ $131.885B ▲ $-1.465T ▼ $55.92B ▼ $1.111T ▲
Q1-2025 $361.575B ▲ $1.252T ▼ $-463.684B ▲ $-515.649B ▼ $273.518B ▲ $698.672B ▲
Q4-2024 $290.855B ▲ $1.271T ▼ $-1.153T ▼ $-60.99B ▲ $57.388B ▼ $331.392B ▼
Q3-2024 $268.905B $1.428T $-558.429B $-469.289B $392.8B $925.618B

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, SK Telecom’s revenue has inched up steadily, showing a stable, mature business rather than a high‑growth story. Profitability at the operating level has improved gradually, suggesting better cost control and a more efficient core telecom operation, even though the most recent year shows a small step back from its peak. Net income has been more uneven, with one especially strong year likely helped by one‑off gains, followed by lower but gradually recovering earnings. Overall, the income statement reflects a solid, cash‑rich incumbent that is stable but not rapidly expanding in its traditional business, while quietly improving underlying profitability.

Balance Sheet

Balance Sheet The balance sheet shows a company that has gone through a structural reset and then stabilized. Total assets dropped meaningfully a few years ago, likely due to restructuring, spin‑offs, or accounting changes, and have since moved within a fairly tight band. Debt levels are significant but not spiraling, and have generally edged down or stayed stable, which is important for a capital‑intensive telecom. Equity shrank sharply during that reset period but has begun to rebuild, a sign that retained earnings are now adding back to the company’s capital base. Cash on hand has risen in recent years, giving SK Telecom more flexibility to fund AI and infrastructure investments while cushioning against shocks. Overall, the balance sheet looks reasonably sound for a telecom, but with a clear need to keep leverage and large new bets under careful control.

Cash Flow

Cash Flow SK Telecom’s cash flow profile is a key strength. Operating cash flow has been consistently strong across the period, showing that the core connectivity business reliably converts revenue into cash. Capital spending remains heavy—as expected for a telecom building and maintaining advanced 5G infrastructure—but has eased somewhat, which helps free up more cash. As a result, free cash flow has stayed positive and has generally improved, giving management room to fund dividends, AI initiatives, data centers, and other strategic projects without having to rely excessively on new debt. The story from the cash flow statement is of a mature utility‑like engine throwing off steady cash that can be redeployed into new growth areas.

Competitive Edge

Competitive Edge SK Telecom holds a leading position in one of the world’s most advanced mobile markets. Its scale, brand recognition, and long‑standing customer relationships give it a strong base that rivals cannot easily replicate. The company’s dense, high‑quality 5G network adds another layer of advantage, supporting advanced services such as AR/VR, e‑sports, and low‑latency enterprise applications. Spectrum rights, extensive towers and fiber, and regulatory barriers all reinforce this moat. At the same time, domestic competition and government oversight limit pricing power and keep the core telecom business relatively low‑growth. SK Telecom’s push into AI, data centers, and mobility relies heavily on this entrenched position: the network and customer base serve as the distribution platform for new services and as a data source to train and refine AI offerings.

Innovation and R&D

Innovation and R&D Innovation is now central to SK Telecom’s strategy, with a clear pivot from being mainly a connectivity provider to positioning itself as an AI‑driven technology platform. The “AI Pyramid” framework—spanning infrastructure, AI‑enabled transformation of existing businesses, and consumer‑facing AI services—illustrates a structured approach rather than scattered experiments. Investments in AI data centers, custom AI chips through Sapeon, and GPU‑as‑a‑Service point to a serious push to become a core enabler of enterprise AI workloads. On top of that, products like the “A.” personal assistant, the ifland metaverse, and early bets on urban air mobility show a willingness to explore new user experiences and business models beyond traditional telecom. Partnerships with AWS, Anthropic, Joby Aviation, and other global players help accelerate this effort but also highlight execution risk: many of these ideas are still early, and their financial payoffs are uncertain. In short, R&D and innovation are ambitious and increasingly AI‑centric, with meaningful upside if commercialization succeeds, but they also raise the company’s risk profile compared with a pure utility‑style telco.

Summary

SK Telecom today looks like a cash‑generating incumbent telecom using a stable, slow‑growing core to fund a bold technology transformation. The income statement and cash flows point to resilience, steady margins, and reliable cash generation, even if growth in the traditional business is modest. The balance sheet appears robust enough to support continued investment, provided debt is managed prudently. Competitively, SK Telecom benefits from its leading market position, strong 5G infrastructure, and regulatory and infrastructure barriers that are hard for new entrants to overcome. The company’s real swing factor, however, lies in its AI and platform ambitions—AI infrastructure, AI‑enhanced services, metaverse, and urban air mobility. These initiatives could meaningfully diversify revenue and deepen the moat if they scale, but they also introduce higher execution and commercialization risk. Overall, SK Telecom combines the stability of a mature telecom with the uncertainty and potential of a tech pivot, making future outcomes more dependent on innovation success than on the legacy business alone.