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LG U+ EARNINGS RELEASE Q3 2026 | 2026.11.04
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Disclaimer The aforementioned forward-looking statements may be influenced by changes in the management environment and related events, and, by their nature, involve uncertainties. As a result, the Company’s actual future results may differ materially from those expressed or implied in such statements. The information contained herein is provided for informational purposes only and should not be relied upon for any legal or investment decisions. The Company hereby expressly disclaims any and all liability for any loss or damage arising from reliance on this information. In addition, the information contained herein has been prepared in advance solely for the convenience of investors of the Company and has not been audited by external auditors. Accordingly, the information is subject to change in the final audit process by external auditors.
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Contents 1. Q3 2026 Highlights 2. Financial Highlights 3. Business Performance 4. Appendix 4 7 11 16
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1. Q3 2026 Highlights
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Key Updates Q3 2026 Highlights 5 Customer Touchpoint AX U+one Integrated Customer Service App AICC Customer Service Center AI Agent Transformation • AI Agent-powered bill payments and roaming services • Expanding end-to-end conversational customer support across telecom services AI Native Contact Center • Enhancing LLM-powered services • Callbot & Chatbot: Customer wait time reduced from 47 sec to 5 sec • Agent Advisor: Consultation time reduced by 16% 2026 Digital Consumer Experience Index No. 1 inMobile for 3 consecutive years 2026 KS-CQI Call Center Quality Index No. 1 inTelecom for 3 consecutive years Digital-led Customer Experience Innovation Improving operational efficiency across online and offline channels Commercializing AICC Solutions for Enterprise Customers Improving service quality and reducing operating costs AI Business Strategies AI Infra- structure AI Services Securing AIDC capacity in the Seoul Metropolitan area Industry Landscape Strategic Direction • Growing adoption of vertical AI across industries • Rising AI demand from the public sector and enterprises • Rising demand for GPU compute • Growth in international network traffic EXAONE AIDC Telecom-specific AI capabilities (Network& call data-basedVoice AI) Expanding AI service portfolio Strengthening the submarine cable business Strengthening growth drivers through continued AX-led customer experience innovation and AI-driven business strategies
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Key Performance Q3 2026 Highlights 6 Unit: KRW bn Improving profitability through continued growth in service revenue and strengthening competitive foundation Consolidated Operating ProfitConsolidated Service Revenue Unit: KRW bn 722 914 162 298 3Q25 3Q26 +84.1% (Quarterly) 2,939 3,037 3,016 3,077 3,117 3,102 2025 2026 9,072 9,216 +1.6% Q1 Q2 Q3 (YTD) 2,893 2,912 3Q25 3Q26 +0.7% (Standalone basis) (Quarterly) 255 272 305 344 162 298 2025 2026 +26.7% (YTD) Q1 Q2 Q3
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2. Financial Highlights
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Financial Highlights Consolidated service revenue of KRW 3.1tn (-0.5% YoY, +0.8% QoQ) Operating profit reached KRW 297.6bn, up +84.1% YoY, with an operating margin of 9.6% 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Operating Revenue 4,010.8 3,848.4 3,803.7 3,694.9 3,981.3 -0.7% +7.8% Service Revenue 3,116.6 3,191.3 3,037.0 3,076.5 3,102.1 -0.5% +0.8% Handset Revenue 894.2 657.1 766.8 618.4 879.2 -1.7% +42.2% Operating Expenses 3,849.2 3,677.9 3,531.5 3,350.4 3,683.7 -4.3% +9.9% Operating Profit 161.7 170.5 272.3 344.5 297.6 +84.1% -13.6% Operating Margin1) 5.2% 5.3% 9.0% 11.2% 9.6% +4.4%p -1.6%p Non-operating Income (Loss) (56.9) (67.7) (49.8) (29.4) (39.2) -31.0% +33.6% Profit Before Tax 104.8 102.8 222.5 315.1 258.4 +146.5% -18.0% Net Profit 49.1 80.6 176.0 217.7 183.1 +272.8% -15.9% Net Profit Margin2) 1.2% 2.1% 4.6% 5.9% 4.6% +3.4%p -1.3%p EBITDA 831.3 859.4 958.8 1,034.8 991.6 +19.3% -4.2% EBITDA Margin3) 26.7% 26.9% 31.6% 33.6% 32.0% +5.3%p -1.7%p Unit: KRW bn 1) Operating Profit / Service Revenue 2) Net Income / Operating Revenue 3) EBITDA / Service Revenue Consolidated Income Statement 8
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Consolidated Balance Sheet Financial Highlights Total assets, total liabilities, and total equity increased by +4.9%, +7.1%, and +2.2%, respectively vs. FY25 Net debt to equity decreased by -5.6%p to 49.4%, while total liabilities to equity ratio rose to 122.7% due to an increase in accounts payable 2025.12 2026.09 vs. 2025.12 Total Assets 19,681.8 20,639.2 +4.9% Cash and Cash Equivalents1) 890.4 1,455.8 +63.5% Property, Plant and Equipment 10,627.6 10,410.5 -2.0% Right-of-use Assets2) 1,201.2 1,100.3 -8.4% Intangible Assets 1,459.6 1,350.4 -7.5% Total Liabilities 10,614.3 11,371.0 +7.1% Accounts Payable and Other Payables 2,327.4 2,866.1 +23.1% Borrowings3) 5,870.4 6,030.7 +2.7% Lease Liabilities2) 1,166.5 1,088.8 -6.7% Total Equity 9,067.5 9,268.2 +2.2% Capital Stock 2,574.0 2,574.0 +0.0% Other Equity (Treasury Stock) (60.5) (54.2) -10.4% Retained Earnings 5,474.4 5,682.3 +3.8% Non-controlling Interests 200.7 200.1 -0.3% Net Debt4) 4,980.1 4,574.9 -8.1% Net Debt to Equity Ratio5) 54.9% 49.4% -5.6%p Total Liabilities to Equity Ratio6) 117.1% 122.7% +5.6%p Unit: KRW bn 1) Includes cash & cash equivalents and short-term financial instruments 2) Recognized under IFRS 16 3) Includes short-term borrowings, long-term borrowings, bonds, and other long-term debt 4) Lease liabilities excluded 5) Net debt / Total Equity 6) Total liabilities / Total Equity 9
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Financial Highlights Operating expenses decreased -3.0% YoY, while marketing expenses increased +5.6% YoY due to lower handset margins Capex increased +30.1% YoY, driven by higher AIDC investment 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Operating Expenses 3,557.0 3,367.9 3,274.9 3,105.3 3,450.5 -3.0% +11.1% Wages 501.5 378.9 354.9 349.8 346.2 -31.0% -1.0% Sales Commissions 550.4 550.2 563.6 562.0 566.6 +2.9% +0.8% Advertising Expenses 44.7 53.3 40.4 37.6 43.2 -3.4% +15.0% D&A 641.8 660.7 657.4 661.0 664.1 +3.5% +0.5% Depreciation 529.4 547.5 542.0 545.6 550.2 +3.9% +0.8% Amortization 112.4 113.2 115.4 115.5 113.9 +1.3% -1.4% Marketing Expenses 580.2 627.4 614.2 572.1 612.9 +5.6% +7.1% Marketing / Service Revenue 20.1% 21.2% 21.7% 19.9% 21.0% +1.0%p +1.2%p 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Capex 438.1 585.5 317.2 477.8 569.8 +30.1% +19.2% Operating Expenses and Capex Unit: KRW bn ※ Standalone basis ※ Standalone basis Unit: KRW bn 10
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3. Business Performance
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3Q26 Mobile Service Revenue YoY +0.4% • Total mobile subscriber count increased +6.2% YoY • 5G handset penetration reached 85.5% Mobile Business Performance 1) Includes subscription and usage fees, value-added services, data revenue, and revenue deduction items 2) Based on MSIT standards Unit: KRW bn, ‘000 12 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Mobile Revenue 1,701.5 1,678.6 1,652.6 1,660.2 1,686.7 -0.9% +1.6% Service Revenue1) 1,617.4 1,604.5 1,587.8 1,595.9 1,623.2 +0.4% +1.7% Interconnection 84.2 74.1 64.8 64.3 63.4 -24.6% -1.4% Subscribers2) 30,259 30,711 30,931 31,467 32,143 +6.2% +2.1% MNO 21,204 21,706 21,967 22,442 23,052 +8.7% +2.7% MVNO 9,055 9,005 8,964 9,025 9,090 +0.4% +0.7% Total Net Adds 342 452 220 536 675 +97.7% +26.0% Experience Innovation • Customer Satisfaction Ranked No. 1 in Telecom in the 2026 Digital Customer Experience Index • Global Services Expanded ixi-O roaming calls and improved convenience with Roaming Pass • Travel Alliance Sharing local membership benefits across nine global telecom operators
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3Q26 Home Revenue YoY +2.9% • Broadband grew +5.4% YoY, driven by subscriber andARPUgrowth • IPTV revenue increased +0.6% YoY Home Business Performance 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Smart Home Revenue1) 646.6 647.4 656.0 663.6 665.5 +2.9% +0.3% Broadband 311.3 314.3 320.0 325.1 328.3 +5.4% +1.0% IPTV 335.3 333.2 336.1 338.5 337.2 +0.6% -0.4% Subscribers2) Broadband 5,541 5,578 5,640 5,677 5,712 +3.1% +0.6% IPTV 5,739 5,739 5,767 5,776 5,776 +0.6% -0.0% Unit: KRW bn, ‘000 1) Adjusted to reflect the phase-out of selected operations 2) Based on MSIT standards Product Enhancement • Contents Access Launched Broadcast Pass, offering VOD from major broadcasters in one place • Everyday Services Launched HomeCam Lite, a home security camera, and PC Safe Pass, a data protection service • AX Drive AI-powered content discovery and recommendations Ranked No. 1 in IPTV in 2026 AX Quality Satisfaction Index 13
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3Q26 Enterprise Revenue YoY +10.4% • AIDC grew +27.7% YoY, driven by colocation and DBO growth • Solution increased +3.4% YoY, driven by AICC growth • Enterprise Line revenue increased +5.7% YoY, supported by higher deployment revenue Enterprise / Telephony Business Performance 1) Network Solution, Smart Mobility, AICC, etc. 2) B2B Internet, Leased Line, etc. 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Enterprise Revenue 427.9 542.4 435.6 464.4 472.2 +10.4% +1.7% AIDC 103.1 135.3 114.4 124.1 131.7 +27.7% +6.1% Solution1) 120.3 185.0 117.9 134.6 124.4 +3.4% -7.6% Enterprise Line2) 204.5 222.1 203.3 205.7 216.1 +5.7% +5.0% Unit: KRW bn Unit: KRW bn 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Telephony Revenue 84.5 87.0 84.5 83.3 80.6 -4.7% -3.2% VoIP 41.3 41.4 40.9 41.1 40.5 -1.7% -1.3% Enterprise / International 43.3 45.7 43.6 42.2 40.1 -7.4% -5.1% Strengthening AI Businesses • AIDC Secured demand for Paju facilities 2–4, with design and construction underway, while expanding partnerships for additional DBO projects • AICC Driving growth by expanding the customer base across industries, led by the financial sector 14
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Business in Focus Business Performance VoltUp Business Performance Rapid AIDC growth drove stronger Enterprise revenue growth, while VoltUp continued to grow in both scale and quality as EV adoption expanded Enterprise Revenue Growth - Colocation and DBO revenue 203 206 216 118 135 124 114 124 132 +6.3% +8.6% +10.4% Δ15.0% Δ10.0% Δ5.0% 0.0% +5.0% +10.0% 0 100 200 300 400 500 600 700 1Q26 2Q26 3Q26 436 464 472 - AICC-led growth - Equipment supply and deployment revenue YoY growth Unit: KRW bn 3.6 4.7 7.0 9.4 12.1 13.4 16.0 58.0 62.7 78.7 90.7 105.0 108.9 124.8 -100.0 -50.0 0.0 50.0 100.0 150.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 22.5 27.3 32.1 37.2 39.7 42.5 43.1 Unit: KRW bn ARPU per Charger (KRW thousand) Chargers in Operation (Thousandunits) Service Revenue YoY +129% - Quality growth driven by broader EV adoption Enterprise Line +5.7% AIDC +27.7% Solution +3.4% 15
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4. Appendix
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Consolidated Financial Statements Appendix 17 Unit: KRW bn 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Operating Revenue 4,010.8 3,848.4 3,803.7 3,694.9 3,981.3 -0.7% +7.8% Service Revenue 3,116.6 3,191.3 3,037.0 3,076.5 3,102.1 -0.5% +0.8% Other Revenue 3.7 3.9 2.7 2.7 4.0 +9.2% +45.9% Handset Revenue 894.2 657.1 766.8 618.4 879.2 -1.7% +42.2% Operating Expenses 3,849.2 3,677.9 3,531.5 3,350.4 3,683.7 -4.3% +9.9% Wages 631.2 522.9 477.9 476.9 474.3 -24.9% -0.5% Depreciation 549.2 568.0 563.0 566.6 571.9 +4.1% +0.9% Amortization 120.5 120.9 123.6 123.7 122.0 +1.3% -1.3% Fees & Charges 468.6 469.0 414.9 445.6 415.9 -11.2% -6.7% Sales Commissions 577.1 576.6 600.9 581.2 589.4 +2.1% +1.4% Advertising 53.0 60.8 46.4 42.3 47.9 -9.5% +13.2% Cost of Handsets Sold 881.8 783.0 781.0 603.4 910.4 +3.2% +50.9% Handsets 855.3 663.7 759.1 579.1 874.3 +2.2% +51.0% Others 26.5 119.4 21.9 24.3 36.1 +36.1% +48.6% Other Expenses 567.8 576.7 523.9 510.7 551.8 -2.8% +8.0% Operating Profit 161.7 170.5 272.3 344.5 297.6 +84.1% -13.6% Non-operating Income 41.7 45.1 30.8 46.8 56.6 +36.0% +20.9% Interest Income 12.1 13.7 12.3 15.8 17.7 +46.3% +12.1% Non-operating Expense 98.5 112.9 80.6 76.2 95.9 -2.7% +25.8% Interest Expense 61.8 65.1 61.9 61.4 63.0 +2.0% +2.6% Profit Before Tax 104.8 102.8 222.5 315.1 258.4 +146.5% -18.0% Income Tax 55.7 22.2 46.4 97.4 75.3 +35.2% -22.7% Net Profit 49.1 80.6 176.0 217.7 183.1 +272.8% -15.9% 2025.12 2026.09 vs. 2025.12 Current Assets 5,414.4 6,711.5 +24.0% Cash and Cash Equivalents 890.4 1,455.8 +63.5% Accounts Receivable 1,950.3 2,351.4 +20.6% Inventories 209.8 502.8 +139.6% Non-Current Assets 14,267.4 13,927.7 -2.4% Property, Plant and Equipment 10,627.6 10,410.5 -2.0% Intangible Assets 1,459.6 1,350.4 -7.5% Long-term Accounts Receivable 506.4 532.5 +5.2% Total Assets 19,681.8 20,639.2 +4.9% Current Liabilities 4,676.3 5,988.2 +28.1% Accounts Payable & Other Payables 2,327.4 2,866.1 +23.1% Short-term Debt, etc. 1,402.2 2,138.4 +52.5% Non-Current Liabilities 5,937.9 5,382.8 -9.3% Bond Payables, Long-term Debt 4,468.3 3,892.3 -12.9% Total Liabilities 10,614.3 11,371.0 +7.1% Shareholders’ Equity 8,866.9 9,068.1 +2.3% Capital Stock 2,574.0 2,574.0 - Treasury Stock (60.5) (54.2) - Capital Surplus 871.5 871.5 - Retained Earnings 5,474.4 5,682.3 +3.8% AccumulatedOtherComprehensiveIncome 7.5 (5.4) - Non-controlling Interests 200.7 200.1 -0.3% Total Shareholders’ Equity 9,067.5 9,268.2 +2.2% Total Liabilities and Shareholders’ Equity 19,681.8 20,639.2 +4.9%
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Separate Financial Statements Appendix 1818 Unit: KRW bn 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Operating Revenue 3,713.5 3,551.7 3,546.4 3,452.3 3,757.2 +1.2% +8.8% Service Revenue 2,893.0 2,962.8 2,834.2 2,877.7 2,912.0 +0.7% +1.2% Other Revenue 7.9 8.2 6.9 6.9 7.9 +0.7% +14.9% Handset Revenue 820.4 588.9 712.2 574.6 845.2 +3.0% +47.1% Operating Expenses 3,557.0 3,367.9 3,274.9 3,105.3 3,450.5 -3.0% +11.1% Wages 501.5 378.9 354.9 349.8 346.2 -31.0% -1.0% Depreciation 529.4 547.5 542.0 545.6 550.2 +3.9% +0.8% Amortization 112.4 113.2 115.4 115.5 113.9 +1.3% -1.4% Fees & Charges 409.3 405.0 376.7 396.3 372.9 -8.9% -5.9% Sales Commission 550.4 550.2 563.6 562.0 566.6 +2.9% +0.8% Advertising 44.7 53.3 40.4 37.6 43.2 -3.4% +15.0% Cost of Handsets Sold 832.0 732.3 744.2 571.4 884.4 +6.3% +54.8% Handsets 805.5 612.9 722.4 547.2 848.3 +5.3% +55.0% Others 26.5 119.4 21.9 24.3 36.1 +36.1% +48.6% Other Expenses 577.3 587.5 537.6 527.1 573.1 -0.7% +8.7% Operating Profit 156.5 183.9 271.5 347.0 306.7 +96.0% -11.6% Non-operating Income 33.2 42.1 29.3 37.2 50.2 +50.8% +35.0% Interest Income 7.3 8.7 7.5 10.4 12.0 +63.9% +15.8% Non-operating Expense 90.3 101.0 72.9 69.7 87.5 -3.0% +25.6% Interest Expense 56.7 60.0 56.8 55.6 57.4 +1.3% +3.2% Profit Before Tax 99.5 124.9 227.9 314.5 269.3 +170.8% -14.4% Income Tax 54.3 24.3 46.6 98.1 76.9 +41.6% -21.6% Net Profit 45.2 100.7 181.3 216.4 192.5 +326.2% -11.1% 2025.12 2026.09 vs. 2025.12 Current Assets 4,841.5 6,085.2 +25.7% Cash and Cash Equivalents 628.6 1,138.2 +81.1% Accounts Receivable 1,743.8 2,153.0 +23.5% Inventories 199.3 489.3 +145.5% Non-Current Assets 13,873.0 13,599.6 -2.0% Property, Plant and Equipment 10,146.9 9,962.1 -1.8% Intangible Assets 1,029.4 927.2 -9.9% Long-term Accounts Receivable 286.0 312.3 +9.2% Total Assets 18,714.5 19,684.8 +5.2% Current Liabilities 4,237.1 5,572.0 +31.5% Accounts Payable & Other Payables 2,108.0 2,656.5 +26.0% Short-term Debt, etc. 1,212.2 1,963.5 +62.0% Non-Current Liabilities 5,542.5 4,963.4 -10.4% Bond Payables, Long-term Debt 4,158.8 3,563.0 -14.3% Total Liabilities 9,779.7 10,535.5 +7.7% Capital Stock 2,574.0 2,574.0 - Treasury Stock (60.5) (54.2) - Capital Surplus 823.9 823.9 - Retained Earnings 5,606.3 5,815.4 +3.7% AccumulatedOtherComprehensiveIncome (8.8) (9.7) - Total Shareholders’ Equity 8,934.9 9,149.3 +2.4% Total Liabilities and Shareholders’ Equity 18,714.5 19,684.8 +5.2%
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Subscriber Fact Sheet Appendix 19 Unit: ‘000 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Mobile Subscribers1) 30,259 30,711 30,931 31,467 32,143 +6.2% +2.1% Net Adds 342 452 220 536 675 +97.7% +26.0% Gross Adds 1,918 1,887 1,648 1,884 1,998 +4.2% +6.1% Disconnects 1,577 1,435 1,428 1,347 1,323 -16.1% -1.8% MNO 21,204 21,706 21,967 22,442 23,052 +8.7% +2.7% Handset 11,224 11,209 11,255 11,241 11,247 +0.2% +0.1% 5G 9,155 9,314 9,473 9,548 9,611 +5.0% +0.7% Churn Rate 1.32% 1.00% 1.22% 1.05% 1.10% -0.22%p +0.05%p MVNO 9,055 9,005 8,964 9,025 9,090 +0.4% +0.7% MNO Service ARPU2) 36,118 35,999 35,646 35,489 35,764 -1.0% +0.8% 1) Based on MSIT standards 2) Includes voice and data revenue (excluding sign-up fees and interconnection), value-added service revenue, and revenue deduction items (contract and bundled discounts) 3Q25 4Q25 1Q26 2Q26 3Q26 YoY QoQ Broadband1) 5,541 5,578 5,640 5,677 5,712 +3.1% +0.6% Net Adds 62 36 62 38 35 -43.6% -7.2% IPTV2) 5,739 5,739 5,767 5,776 5,776 +0.6% -0.0% Net Adds 39 0 27 9 0 - - VoIP3) 3,065 3,039 2,990 2,967 2,942 -4.0% -0.8% Net Adds -23 -26 -48 -24 -25 - - PSTN3) 428 426 426 423 429 +0.2% +1.4% Net Adds -11 -3 1 -3 6 - - 1) Based on MSIT standards 2) Set-top box subscribers 3) Retail and enterprise subscribers Unit: ‘000
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ir@lguplus.co.kr LG Uplus IR Team +82-70-4473-8019 Michael Sung Youngdeuk Hong Seungwoo Yang Jihoan Cha Gahee Oh Jun Choi