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Korea Electric Power (A015760) investor relations material
Korea Electric Power Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated operating profit for Q3 2025 reached KRW 11.541.4 trillion, with net profit at KRW 7.328.1 trillion, reflecting strong year-over-year growth.
Sales revenue increased by 5.5% year-over-year to KRW 73.007 trillion, driven by a 5.9% rise in electricity sales revenue.
Sales increased by 11.1% year-over-year to KRW 393.7bn in 3Q 2025, with operating profit up 13.1% and net profit rising 26.0% compared to 3Q 2024.
Growth driven by higher planned outage activities and overseas thermal retrofit projects.
Cost of sales and SG&A expenses decreased by 2.7%, with notable reductions in fuel and power purchase costs.
Financial highlights
Fuel cost dropped 16% year-over-year to KRW 14.026 trillion; power purchase cost fell 0.8%.
Operating profit reached KRW 47.5bn, up 13.1% year-over-year; net profit was KRW 42.7bn, up 26.0%.
Gross profit increased 8.4% to KRW 68.3bn; operating expenses rose 10.8% to KRW 346.2bn.
Depreciation expenses rose 3.5% to KRW 8.344 trillion.
Interest expenses decreased by KRW 143.5 billion to KRW 3.279 trillion.
Outlook and guidance
Full-year 2025 electricity sales projected to decline slightly due to lower economic growth and manufacturing downturn.
Nuclear generation expected to increase, coal to decrease, and LNG mix to remain stable for 2025.
Utilization rates for 2025: nuclear mid-to-high 80%, coal mid-40%, LNG mid-to-high 20%.
Planned outage (overhaul) maintenance activities are expected to increase in 2025, with more units scheduled for both thermal and nuclear segments.
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