Korea Electric Power Corporation (KEP)

Korea Electric Power Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	96,454,964	92,578,265	87,476,410	70,546,024	60,673,587	57,925,837
Other Revenue	820,631	820,631	743,051	711,839	-	643,477
Revenue	97,275,595	93,398,896	88,219,461	71,257,863	60,673,587	58,569,314
Revenue Growth (YoY)	5.27%	5.87%	23.80%	17.45%	3.59%	-1.02%
Cost of Revenue	80,371,104	82,171,320	89,862,633	101,066,792	63,784,034	51,898,214
Gross Profit	16,904,491	11,227,576	-1,643,172	-29,808,929	-3,110,447	6,671,100
Selling, General & Admin	2,239,388	2,190,911	2,175,719	2,156,144	2,106,719	1,921,732
Research & Development	233,152	217,975	217,319	213,932	214,825	197,436
Amortization of Goodwill & Intangibles	85,581	88,920	88,648	85,661	91,428	87,086
Other Operating Expenses	98,433	98,714	112,449	122,177	93,446	62,828
Operating Expenses	2,933,294	2,862,866	2,898,476	2,846,224	2,793,087	2,507,833
Operating Income	13,971,197	8,364,710	-4,541,648	-32,655,153	-5,903,534	4,163,267
Interest Expense	-4,481,492	-4,624,991	-4,457,636	-2,759,005	-1,914,457	-2,007,523
Interest & Investment Income	558,844	538,126	455,561	369,628	232,396	249,902
Earnings From Equity Investments	-192,497	-	-	1,393,486	494,781	279,124
Currency Exchange Gain (Loss)	-1,074,012	-2,495,283	-396,560	-903,895	-1,084,378	739,244
Other Non Operating Income (Expenses)	1,661,153	2,596,004	827,213	602,013	1,137,982	-261,424
EBT Excluding Unusual Items	10,443,193	4,378,566	-8,113,070	-33,952,926	-7,037,210	3,162,590
Gain (Loss) on Sale of Investments	862,443	882,222	613,588	-50,951	15,531	8,593
Gain (Loss) on Sale of Assets	143,671	3,968	-42,238	18,335	-39,062	-50,652
Asset Writedown	-12,130	-12,142	-19,896	97,260	-20,077	-76,207
Legal Settlements	-	-	-	-	-	-81,370
Other Unusual Items	972	504	854	1,166	1,830	-15,221
Pretax Income	11,439,342	5,256,529	-7,553,977	-33,843,619	-7,078,844	2,991,533
Income Tax Expense	3,079,290	1,634,561	-2,837,833	-9,414,511	-1,863,263	899,064
Earnings From Continuing Operations	8,360,052	3,621,968	-4,716,144	-24,429,108	-5,215,581	2,092,469
Minority Interest in Earnings	-123,664	-130,270	-106,405	-37,745	-88,941	-101,122
Net Income	8,236,388	3,491,698	-4,822,549	-24,466,853	-5,304,522	1,991,347
Net Income to Common	8,236,388	3,491,698	-4,822,549	-24,466,853	-5,304,522	1,991,347
Net Income Growth	122.08%	-	-	-	-	-
Shares Outstanding (Basic)	642	642	642	642	642	642
Shares Outstanding (Diluted)	642	642	642	642	642	642
EPS (Basic)	12829.98	5439.09	-7512.18	-38112.50	-8262.96	3101.96
EPS (Diluted)	12829.98	5439.09	-7512.18	-38112.50	-8263.00	3101.96
EPS Growth	122.08%	-	-	-	-	-
Free Cash Flow	4,542,259	1,660,079	-12,386,211	-35,824,378	-8,195,348	-72,821
Free Cash Flow Per Share	7075.57	2585.94	-19294.24	-55804.33	-12766.05	-113.44
Dividend Per Share	213.000	213.000	-	-	-	1216.000
Gross Margin	17.38%	12.02%	-1.86%	-41.83%	-5.13%	11.39%
Operating Margin	14.36%	8.96%	-5.15%	-45.83%	-9.73%	7.11%
Profit Margin	8.47%	3.74%	-5.47%	-34.34%	-8.74%	3.40%
Free Cash Flow Margin	4.67%	1.78%	-14.04%	-50.27%	-13.51%	-0.12%
EBITDA	27,156,723	21,709,834	7,843,751	-20,810,170	6,038,958	15,017,049
EBITDA Margin	27.92%	23.24%	8.89%	-29.20%	9.95%	25.64%
D&A For EBITDA	13,185,526	13,345,124	12,385,399	11,844,983	11,942,492	10,853,782
EBIT	13,971,197	8,364,710	-4,541,648	-32,655,153	-5,903,534	4,163,267
EBIT Margin	14.36%	8.96%	-5.15%	-45.83%	-9.73%	7.11%
Effective Tax Rate	26.92%	31.10%	-	-	-	30.05%
Revenue as Reported	93,398,896	93,398,896	88,219,461	71,257,863	-	58,569,314
Advertising Expenses	-	46,191	41,684	47,631	29,230	41,440

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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