SK Telecom CST1 (hereinafter 'T1') disclosed its 2025 audit report on the 3rd. According to the report, the company achieved its first operating profit since its founding, driven by a significant improvement in detailed operating revenue metrics compared to the previous year.

T1's operating revenue (sales) for 2025 was ₩88.64 billion, an increase of approximately 80.8% from the previous year (₩49.03 billion). Notably, operating profit reached ₩2.51 billion during the same period, marking a successful turnaround from the previous year's loss of ₩8.86 billion. Net income also turned positive, reaching ₩1.23 billion compared to a loss of ₩6.28 billion the year prior.
A regional breakdown of operating revenue shows high growth across all territories. Revenue from the core domestic market in South Korea reached ₩51.79 billion, an 89.7% increase from the previous year (₩27.30 billion).
Growth in overseas markets was also notable. In particular, revenue from the Americas reached ₩23.59 billion, a 93.5% increase from the previous year (₩12.19 billion), serving as a strong driver for international performance. The Asia region grew by 36.1% to ₩10.39 billion, while the Europe region recorded ₩2.87 billion, a 51.3% increase.
When broken down by revenue recognition timing, revenue recognized at a point in time—such as merchandise sales where control is transferred to the customer—saw a significant increase. This revenue reached ₩74.14 billion, an 86.9% increase from the previous year (₩39.67 billion). Revenue recognized over a period of time, such as advertising and sponsorships, also rose by 55% to ₩14.51 billion from the previous year (₩9.36 billion).
Revenue from major clients also increased. Sales to Company A reached ₩12.93 billion (14.6% of total), and sales to Company B reached ₩10.58 billion (11.9% of total), representing increases of 153.8% and 200% respectively compared to the previous year.
Expenditures to support revenue growth also trended upward. Team operating expenses, a core cost for an esports organization, reached ₩30.68 billion, a 25.5% increase from the previous year (₩24.45 billion). Generally, player salaries are included in team operating expenses. Due to strong merchandise sales, the cost of goods sold for merchandise surged by 119% to ₩20.60 billion from the previous year (₩9.40 billion).
Meanwhile, T1 conducted a private placement capital increase on March 5, 2026, following a board resolution, for the purpose of capital expansion and financial structure improvement. The number of shares issued was 4,330, with an issue price of ₩2,630,162 per share, resulting in a total of ₩11.39 billion in capital flowing into the company as of March 26, 2026.
This measure was taken to improve the accumulated deficit (₩74.12 billion as of the end of the fiscal year) and debt ratio (713.1%) resulting from corporate activities, and to secure stable liquidity for future esports business operations.
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