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Samsung C&T 3Q 2026 Earnings Disclaimer: The figures in this document are consolidated earnings estimates based on K-IFRS. Please be advised that this document is provided solely for the purpose of investor convenience. It was prepared before the completion of external auditor's review, and therefore is subject to change during this process.
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CONTENTS Samsung C&T 3Q 2026 Earnings Release 01 3Q 2026 Results (K-IFRS Consolidated) 03 Key Business Updates 02 Performance by Business Group 04 Appendix
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3Q26 2Q26 3Q25 3Q26 YTD 3Q25 YTD Change Change Change Sales 12,008 11,995 +13 10,151 +1,857 34,469 29,910 +4,559 E&C 4,465 3,988 +477 3,090 +1,375 11,866 10,105 +1,761 T&I 4,200 4,703 (503) 3,885 +315 13,017 11,097 +1,920 Fashion 498 593 (95) 445 +53 1,664 1,459 +205 Leisure 181 206 (25) 205 (24) 492 536 (44) F&B* 934 886 +48 866 +68 2,645 2,465 +180 Bio** 1,730 1,619 +111 1,660 +70 4,785 4,248 +537 Gross Profit 2,191 2,214 (23) 2,051 +140 6,275 5,605 +670 SG&A 1,048 1,182 (134) 1,057 (9) 3,380 3,134 +246 Operating Profit OP Margin 1,143 1,032 +111 994 +149 2,895 2,471 +424 9.5% 8.6% +0.9%p 9.8% (0.3%p) 8.4% 8.2% +0.2%p E&C 277 202 +75 111 +166 590 388 +202 T&I 99 142 (43) 76 +23 351 219 +132 Fashion 20 54 (34) 12 +8 111 79 +32 Leisure 22 0 +22 20 +2 (13) (2) (11) F&B* 63 48 +15 53 +10 125 117 +8 Bio** 662 586 +76 722 (60) 1,731 1,670 +61 Non-Operating Profit (114) (11) (103) 166 (280) 401 594 (193) Financial Profit (35) 34 (69) 29 (64) 58 35 +23 Equity Method Profit 27 22 +5 16 +11 90 62 +28 Profit Before Income Tax 1,021 1,077 (56) 1,205 (184) 3,444 3,162 +282 Net Profit 801 916 (115) 885 (84) 2,802 2,349 +453 └ Controlling 558 596 (38) 567 (9) 1,998 1,652 +346 3Q 2026 Results (K-IFRS Consolidated) (KRW bn) 3 * F&B (Welstory): 100% subsidiary, ** Bio (Biologics: 43.06% subsidiary, Epis Holdings: 43.06% subsidiary)
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1.1 1.3 3.4 5.5 11.7 * 2022 2023 2024 2025 2026 Target/Actual Engineering & Construction Performance by Business Group 3Q 2026 Profit & Loss (KRW bn) • Sales and OP rose QoQ, driven by robust progress in new High-Tech projects, including Pyeongtaek P5 FAB1 and FAB2, as well as the ramping up of new data center and mixed-use building projects 3Q26 2Q26 3Q25 Change Change Sales 4,465 3,988 +477 3,090 +1,375 Building 3,185 2,631 +554 2,059 +1,126 Civil 159 127 +32 197 (38) Plant 1,121 1,230 (109) 834 +287 Domestic 2,170 2,122 +48 1,307 +863 Overseas 2,295 1,866 +429 1,783 +512 Gross Profit 508 459 +49 369 +139 Operating Profit 277 202 +75 111 +166 OP Margin 6.2% 5.1% +1.1%p 3.6% +2.6%p 4 (KRW bn)3Q 2026 New Orders Major New Orders (KRW tn) • 3Q26 New Orders (KRW 8.8 tn) - US T1 FAB2 (2.8tn), Daechi Eunma (2.1tn), Jamsil Jugong 5 (1.4tn), Pyeongtaek P5 FAB2 structural frame (0.6tn), Giheung SDR (0.4tn), P4 Ph2 (0.2tn), Bangladesh Dhaka Airport (0.1tn), etc. • 3Q26 Housing Construction Rights Secured (KRW 2.6 tn) < Annual Housing Construction Rights Secured > • Aim for further sales and OP growth in 4Q, backed by an increase in High- Tech volume and by new overseas projects, including data centers and energy, moving into full-scale construction ※ Full-year sales and orders are both expected to exceed guidance; order guidance raised from KRW 23.5 tn to KRW 30.1 tn 3Q Earnings Outlook 3Q New Orders 3Q YTD Backlog Total 8,827 19,275 37,743 Building 8,719 18,672 28,703 Civil 31 74 1,034 Plant 77 529 8,006 Domestic 5,606 13,784 22,678 Overseas 3,221 5,491 15,065 - Seongsu 3 Redevelopment (1.8tn), Yeouido Mokhwa Reconstruction (0.5tn), Mapo Han River Samsung Remodeling (0.3tn) 6.6 * Total & Domestic figures include Leisure GSS (Green Space Solution, landscape) (3Q: KRW 17.1bn, 3Q YTD: KRW 88.8bn, Backlog: KRW 173.5bn) * Annual construction rights target adjusted (13 → 11.7tn) with the recognition of the Yeouido Sibeom project (2.2tn) as an order in October upon approval of its implementation plan
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Trading & Investment Performance by Business Group (KRW bn) 3Q 2026 Profit & Loss Price Trend of Key Commodities Solar PV Development Business Results Gains from the sales of development assets (USD mn) Pipeline capacity (GW) (USD/MT) 3Q26 2Q26 3Q25 Change Change Sales 4,200 4,703 (503) 3,885 +315 Industrial Materials 3,950 4,461 (511) 3,639 +311 Energy 1 16 (15) 26 (25) Tech 249 226 +23 220 +29 Gross Profit 298 380 (82) 260 +38 Operating Profit 99 142 (43) 76 +23 OP Margin 2.4% 3.0% (0.6%p) 1.9% +0.5%p 5 3Q26 2Q26 3Q25 Change Change Urea 406 668 (39.2%) 471 (13.8%) Hot-rolled Steel 608 561 +8.4% 545 +11.6% Cold-rolled Steel 642 638 +0.6% 584 +9.9% Nickel 16,573 18,165 (8.8%) 15,010 +10.4% Copper 14,117 13,326 +5.9% 9,791 +44.2% 3Q Earnings Outlook • 3Q26 YTD disposal gains: USD 32mn (1Q: USD 22.2mn (Australia: 7.5mn), 2Q: USD 9.5mn, 3Q: -) • Earnings declined QoQ, as favorable market conditions in the prior quarter set a high base, along with the application of EU quotas and the deferral of solar PV disposal gains • 4Q is expected to be affected by weaker year-end demand, but full-year earnings are anticipated to grow YoY * Retaining capacity at the end of each term (Cumulative development – Cumulative sale), including the US/Australia/ESS 21 48 58 77 79 32 10 14 15 25 20 16 2021 2022 2023 2024 2025 3Q26 YTD
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6 Fashion Performance by Business Group Leisure Performance by Business Group (KRW bn) 3Q 2026 Profit & Loss (KRW bn) 3Q 2026 Profit & Loss 3Q26 2Q26 3Q25 Change Change Sales 498 593 (95) 445 +53 Operating Profit 20 54 (34) 12 +8 OP Margin 4.0% 9.1% (5.1%p) 2.7% +1.3%p 3Q26 2Q26 3Q25 Change Change Sales 181 206 (25) 205 (24) Operating Profit 22 0 +22 20 +2 OP Margin 12.2% 0.0% +12.2%p 9.8% +2.4%p 3Q Earnings Outlook 3Q Earnings Outlook • Sales declined due to weaker leisure demand amid the heat wave and the completion of large-scale landscape projects, while profitability improved YoY through operational efficiency • 4Q sales are expected to improve YoY driven by an increased number of large-scale landscape construction projects, while short-term profitability is expected to decline due to costs such as park infrastructure renewal • Even amid the off-season and economic uncertainties, earnings grew YoY, backed by strong sales of popular items from core brands • 4Q sales are expected to grow YoY on the back of robust demand for new F/W products of core brands and the sales contributions of new brands
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7 Bio * Samsung Biologics: 43.06% subsidiary Samsung Epis Holdings: 43.06% subsidiary 3Q26 2Q26 3Q25 Change Change Sales 1,730 1,619 +111 1,660 +70 Biologics 1,289 1,226 +63 1,219 +70 Epis Holdings* 441 393 +48 441 0 Operating Profit OP Margin 662 38.3% 586 36.2% +76 +2.1%p 722 43.5% (60) (5.2%p) Biologics OP Margin 610 47.3% 580 47.3% +30 +0.0%p 658 54.0% (48) (6.7%p) Epis Holdings* OP Margin 52 11.8% 6 1.4% +46 +10.4%p 64 14.5% (12) (2.7%p) * Bioepis portion of Biologics' earnings prior to the spin-off (reflecting consolidation adjustments) 3Q Earnings Outlook F&B * Welstory: Wholly owned subsidiary 3Q26 2Q26 3Q25 Change Change Sales 934 886 +48 866 +68 Operating Profit 63 48 +15 53 +10 OP Margin 6.7% 5.4% +1.3%p 6.1% +0.6%p 3Q Earnings Outlook (KRW bn) 3Q 2026 Profit & Loss (KRW bn) 3Q 2026 Profit & Loss • Earnings rose YoY, driven by higher meal volumes from newly added sites and higher meal prices • Growth is expected to continue in 4Q on the back of stable food service demand and full-fledged operation of newly secured sites, while we push to bolster competitiveness by offering differentiated customer experience • (Biologics) Sales continued to grow YoY, backed by the Plant 5 ramp-up and production from the Rockville Campus in the US, while profitability declined due to ramp-up effects, etc. • (Epis Holdings) Product sales increased, led by the U.S. market, but profitability declined YoY due to decreased milestone payments • (Biologics) Full-year sales are expected to grow (guidance raised from 15-20% to 20% YoY) thanks to stable operations at existing plants and contributions from new plants • (Epis Holdings) Growth is expected to continue on expanded biosimilar sales in 4Q; full-year earnings are projected to exceed the prior year
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Key Business Updates 8 SMR ❖ Selected as the partner for Studsvik’s SMR project (1.2GW) in Sweden (Sep. 2026) - Signed a Joint Development Agreement (JDA) with GE Vernova-Hitachi (GVH) and Studsvik AB, the Swedish nuclear company leading the new SMR project · Plan to build 4 units of GVH’s 300MW BWRX-300 · Collaboration across all stages, from early project development to EPC execution (plan to participate in the full scope of SMR construction, as well as engineering and procurement for the turbine and balance-of-plant (BOP)) - Participation in FEED and supply chain build-out to begin in 2027; phased construction of the 4 SMR units to begin in 2030 (commercial operation in 2035) Accelerate strategic expansion into the European SMR market through participation in an SMR project in Sweden ❖ Made a USD 70 mn equity investment in Kairos Power and a strategic business agreement (Sep. 2026) - Participate in the engineering and constructability review of Kairos Power’s Hermes pilot project in the U.S. and secure a right of first negotiation for commercial SMRs to be built in the U.S. · Secured an off-take agreement for the 500MW Google project in Oct. 2024 (construction permit in Nov. 2024) - Plan to jointly pursue SMR opportunities, including securing a right of first negotiation for future commercial SMR construction projects in the U.S. and participation rights in markets such as Korea, Southeast Asia, and Europe · Following the completion of the Hermes 2 project (commercial operation in 2031), secure the exclusive right to perform EPC for a commercial SMR power plant project (450MW) Participate in next-generation SMR projects and secure a leading position in the global SMR market through an equity investment in a Generation IV SMR technology provider Data Centers ❖ Signed an agreement to invest USD 200 mn with Helix Digital Infrastructure, established by KKR (Sep. 2026) - Actively pursue large-scale infrastructure projects in data center construction and power generation as an EPC contractor · Prioritize participation in modular data center EPC, and consider expanding participation across the data center value chain (project development, EPC, and O&M) · Secured an opportunity to build relationships with Helix’s major partners, laying the groundwork for our expansion the U.S. energy market Identify data center project opportunities by combining KKR’s AI infrastructure value chain with Samsung affiliates’ capabilities * Six affiliates are jointly investing a total of USD 1 bn * Could go up to USD 100 mn (USD 70 mn equity investment + USD 30 mn including future in-kind engineering investment)
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Appendix Statement of Financial Position (K-IFRS Consolidated) Category End of 3Q26 End of 2Q26 End of 2025Change Change Asset 140,723 163,769 (23,046) 86,533 +54,190 Current 25,102 24,007 +1,095 21,356 +3,746 └ C&CE* (a) 6,848 7,770 (922) 5,527 +1,321 Non-current 115,621 139,762 (24,141) 65,177 +50,444 Liabilities 44,232 50,060 (5,828) 29,036 +15,196 Current 16,869 16,003 +866 13,872 +2,997 Non-current 27,363 34,057 (6,694) 15,164 +12,199 ※ Total debt** (b) 2,777 3,087 (310) 3,392 (615) Equity 96,491 113,709 (17,218) 57,497 +38,994 Controlling 88,147 105,553 (17,406) 49,912 +38,235 Non-controlling 8,344 8,156 +188 7,585 +759 Debt/Equity 46% 44% +2% 51% (5%) Current ratio 149% 150% (1%) 154% (5%) Total Debt-to-Total Asset ratio 2.0% 1.9% +0.1% 3.9% (1.9%) Net cash (a-b) 4,071 4,683 (612) 2,135 +1,936 * C&CE: Cash and cash equivalents + short-term financial instruments, etc. ** Total Debt: Short-term borrowings + Current portion of long-term borrowings + Non-current long-term borrowings, etc. (KRW bn) 9
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Appendix Statement of Cash Flow (K-IFRS Consolidated) Category 3Q26 2Q26 3Q26 YTD 2025 Cash (Beginning of Period) 4,856 4,636 3,458 3,622 Cash flows from operating activities (149) +2,904 +3,903 +3,034 Net Profit +801 +916 +2,802 +3,907 Changes in operating assets and liabilities (1,204) +1,129 +37 (1,688) Others +254 +859 +1,064 +805 Cash flows from investing activities +220 (1,368) (1,734) (1,845) Changes in tangible/intangible assets (189) (229) (609) (1,770) Changes in equities (114) (124) (782) +136 Others +523 (1,015) (343) (206) Cash flows from financing activities (536) (1,316) (1,236) (1,348) Changes in borrowings (246) (900) (588) (486) Others (290) (416) (648) (862) Increase in cash (465) +220 +933 (164) Cash (End of Period) 4,391 4,856 4,391 3,458 (KRW bn) 10
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