Earnings summaries and quarterly performance for KOREA ELECTRIC POWER.
Research analysts covering KOREA ELECTRIC POWER.
Recent press releases and 8-K filings for KEP.
KOREA ELECTRIC POWER CORP Reports Strong Q3 2025 Nine-Month Financial Results
KEP
Earnings
Revenue Acceleration/Inflection
Dividends
- KOREA ELECTRIC POWER CORP (KEP) reported a significant increase in consolidated financial results for the nine-month period ended September 30, 2025, with sales rising to Won 73,747 billion from Won 69,870 billion in the prior year period, and operating profit more than doubling to Won 11,541 billion from Won 5,946 billion.
- The company's net income also saw substantial growth, reaching Won 7,328 billion for the nine-month period ended September 30, 2025, compared to Won 2,590 billion in the same period of 2024.
- This improved performance was supported by an increase in electricity unit prices, with industrial electricity sold rising to Won 181.48 per kWh for the nine-month period ended September 30, 2025, from Won 164.91 per kWh in the prior year.
- As of September 30, 2025, KEPCO's total assets increased to Won 253,092 billion, while total liabilities slightly decreased to Won 205,340 billion compared to December 31, 2024.
- For fiscal year 2024, KEPCO paid a dividend of Won 213 per share, totaling Won 136.7 billion.
Dec 18, 2025, 11:02 AM
South Korea Commits to 2040 Coal Phase-Out
KEP
New Projects/Investments
Guidance Update
- South Korea has made its first official government commitment to phase out coal-fired power plants by 2040 at COP30, officially joining the Powering Past Coal Alliance.
- The plan involves retiring 62 coal plants, with 40 already scheduled for closure and the remaining 21 to have closure dates determined by 2026 based on economic and environmental feasibility.
- This commitment signals a significant shift in energy strategy, aiming for a decarbonized green society with renewables like wind and solar power, despite renewables currently constituting less than 10% of its energy mix.
Nov 17, 2025, 2:05 PM
KEPCO Announces Q3 2025 Unaudited Consolidated and Separate Results
KEP
Earnings
Revenue Acceleration/Inflection
- KOREA ELECTRIC POWER CORPORATION (KEPCO) reported unaudited consolidated operating revenues of 27,572 billion Korean Won for the third quarter of 2025 (Jul.-Sep.), an increase of 1,469 billion Korean Won compared to the same period in 2024.
- Consolidated operating income for Q3 2025 significantly rose to 5,652 billion Korean Won, up by 2,256 billion Korean Won from Q3 2024.
- The company's consolidated net income for Q3 2025 reached 3,790 billion Korean Won, marking an increase of 1,910 billion Korean Won over Q3 2024.
- For the first nine months of 2025 (Jan.-Sep.), KEPCO's consolidated operating revenues totaled 73,747 billion Korean Won, with consolidated net income at 7,328 billion Korean Won, reflecting substantial improvements from the prior year.
Nov 13, 2025, 11:10 AM
KEPCO Reports Strong Q3 2025 Financial Results and Provides Operational Updates
KEP
Earnings
New Projects/Investments
Debt Issuance
- Korea Electric Power Corporation (KEPCO) reported a consolidated operating profit of KRW 11 trillion 541.4 billion and a net profit of KRW 7 trillion 328.1 billion for Q3 2025.
- Sales revenue for Q3 2025 increased by 5.5% to KRW 73 trillion 746.5 billion, primarily driven by a 5.9% rise in electricity sales revenue.
- Total cost of sales and SG&A expenses decreased by 2.7% to KRW 62 trillion 205.1 billion, largely due to a 16% reduction in fuel cost and a 0.8% decrease in power purchase cost.
- Consolidated borrowings reached KRW 130.5 trillion as of Q3 2025.
- The first phase of the East Coast HVDC project is expected to be completed by October 2026, which will provide an additional 4 gigawatts of transmission capacity.
Nov 13, 2025, 6:00 AM
KEPCO Reports Strong Q3 2025 Financial Results and Provides Operational Updates
KEP
Earnings
New Projects/Investments
Guidance Update
- KEPCO reported a consolidated operating profit of KRW11,541.4 trillion and a net profit of KRW7,328.1 trillion for Q3 2025. Sales revenue increased by 5.5% year-over-year to KRW73,007.465 trillion.
- Cost of sales and SG&A expenses decreased by 2.7% to KRW62,205.1 trillion, primarily due to a 16% reduction in fuel cost, which totaled KRW14,026 trillion.
- Electricity sales volume for Q3 2025 reached 419.9 terawatt hours, an increase of 0.4% year-over-year, although full-year 2025 sales are projected to decline slightly. Borrowings stood at KRW86.1 trillion on a separate basis as of 2025.
- The first phase of the HVDC project is expected to be completed by October 2026, providing 4 gigawatts of additional transmission capacity. The company emphasized the necessity of tariff increases to fund grid investments and achieve greenhouse gas reduction targets.
- KEPCO is actively exploring participation in the U.S. nuclear market and is involved in bidding processes for nuclear power plant projects in Vietnam and Saudi Arabia.
Nov 13, 2025, 6:00 AM
KEPCO Reports Strong Q3 2025 Operating Profit and Discusses Future Investments
KEP
Earnings
New Projects/Investments
Debt Issuance
- KEPCO reported a consolidated operating profit of KRW 11 trillion 541.4 billion and a net profit of KRW 7 trillion 328.1 billion for Q3 2025. Sales revenue increased by 5.5% to KRW 73 trillion 746.5 billion, with electricity sales revenue up 5.9%.
- Fuel cost decreased by 16% to KRW 14 trillion 826 billion, and power purchase cost decreased by 0.8% to KRW 26 trillion 606.3 billion in Q3 2025. Consolidated borrowings reached KRW 130.5 trillion as of Q3 2025.
- Electricity sales volume increased by 0.4% year-over-year to 419.9 TWh in Q3 2025. The first phase of the East Coast HVDC project is anticipated to be completed by October 2026, adding 4 gigawatts of transmission capacity.
- KEPCO is reviewing participation in the U.S. nuclear market and pursuing nuclear power plant orders in Vietnam and Saudi Arabia. The company also emphasized the need to raise electricity tariffs to fund grid investments and meet greenhouse gas reduction targets.
Nov 13, 2025, 6:00 AM
KOREA ELECTRIC POWER CORP Announces Improved Six-Month Financial Performance
KEP
Earnings
Dividends
Revenue Acceleration/Inflection
- KEPCO reported strong financial results for the six-month period ended June 30, 2025, with sales of Won 46,174 billion, operating profit of Won 5,889 billion, and net income of Won 3,538 billion, marking a significant increase compared to the same period in 2024.
- Basic earnings per share for the six-month period ended June 30, 2025, rose to Won 5,397, up from Won 976 in the prior year period.
- Segmental performance showed notable growth, with the Transmission and distribution segment's operating profit reaching Won 2,857,492 million and Nuclear generation's operating profit increasing to Won 2,396,048 million for the six-month period ended June 30, 2025.
- The company's debt to equity ratio improved to 297.56% as of June 30, 2025, a decrease from 314.66% recorded on December 31, 2024.
- For fiscal year 2024, KEPCO distributed a dividend of Won 213 per share, amounting to a total of Won 136.7 billion.
Sep 15, 2025, 10:04 AM
Quarterly earnings call transcripts for KOREA ELECTRIC POWER.
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