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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.
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Q3 2025 earnings summary13 Nov, 2025

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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