Financials · KEP

Korea Electric Power Corporation (KEP) financials

For fiscal 2025 (ended Dec 31, 2025), Korea Electric Power Corporation reported ₩96.57T of revenue and ₩8.54T of net income. Figures are in KRW, the currency of its SEC filings.

Revenue, FY2025
₩96.57T
Revenue growth, YoY
+4.3%
Net income, FY2025
₩8.54T
Net income growth, YoY
+144.7%
Net margin
8.8%
Free cash flow, FY2025
₩5.05T
EPS, diluted, FY2025
₩13311.00
EPS growth, YoY
+144.7%
Cash
₩2.24T
Total debt
₩22.00T
Annual revenue₩96.57T
FY2016FY2025
Annual net income₩8.54T
FY2016FY2025
Annual free cash flow₩5.05T
FY2016FY2025

KEP revenue and earnings growth

KEP revenueFY2025₩96.57T

FY YoY
+4.3%
5Y CAGR
+10.8%
10Y CAGR
+5.1%

KEP revenue was ₩96.57T for fiscal 2025 (ended Dec 31, 2025), up 4.3% from fiscal 2024. Compound annual growth was +10.8% over 5 years and +5.1% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

KEP net incomeFY2025₩8.54T

FY YoY
+144.7%
5Y CAGR
+33.8%
10Y CAGR
-4.3%

KEP net income was ₩8.54T for fiscal 2025 (ended Dec 31, 2025), up 144.7% from fiscal 2024. Compound annual growth was +33.8% over 5 years and -4.3% over 10 years.

KEP EPSFY2025₩13311.00

FY YoY
+144.7%
5Y CAGR
+33.8%
10Y CAGR
-4.3%

KEP diluted EPS was ₩13311.00 for fiscal 2025 (ended Dec 31, 2025), up 144.7% from fiscal 2024. Compound annual growth was +33.8% over 5 years and -4.3% over 10 years.

KEP free cash flowFY2025₩5.05T

FY YoY
+204.0%
10Y CAGR
-1.4%

KEP free cash flow was ₩5.05T for fiscal 2025 (ended Dec 31, 2025), up 204.0% from fiscal 2024. Compound annual growth was -1.4% over 10 years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue₩96.57T₩92.58T₩87.48T₩70.55T₩60.01T₩57.93T₩58.57T₩60.03T₩59.34T₩59.76T
Cost of revenue₩80.70T₩81.96T₩89.70T₩100.90T₩63.64T₩51.80T₩57.78T₩58.21T₩52.10T₩45.55T
Gross profit₩15.86T₩10.61T-₩2.22T-₩30.36T-₩3.63T₩6.12T₩788.25B₩1.83T₩7.24T₩14.21T
Research and development₩794.92B₩773.93B₩717.56B₩727.81B₩689.40B₩700.64B₩735.72B₩723.89B₩721.44B₩705.50B
Selling, general and admin₩3.23T₩3.07T₩3.06T₩3.01T₩2.88T₩2.68T₩2.67T₩2.63T₩2.76T₩2.64T
Operating income₩14.01T₩8.46T-₩4.25T-₩32.24T-₩5.72T₩4.10T-₩1.71T-₩685.11B₩5.32T₩12.30T
Interest expense₩4.34T₩4.67T₩4.45T₩2.82T₩1.91T₩2.00T₩2.05T₩1.87T₩1.79T₩1.75T
Pre-tax income₩11.59T₩5.26T-₩7.55T-₩33.84T-₩7.07T₩2.99T-₩3.27T-₩2.00T₩3.61T₩10.51T
Income tax₩2.92T₩1.63T-₩2.84T-₩9.41T-₩1.86T₩899.06B-₩1.00T-₩826.32B₩2.17T₩3.37T
Net income₩8.54T₩3.49T-₩4.82T-₩24.47T-₩5.30T₩1.99T-₩2.35T-₩1.31T₩1.30T₩7.05T
EPS, basic₩13311.00₩5439.00-₩7512.00-₩38112.00-₩8263.00₩3102.00-₩3654.00-₩2048.00₩2023.00₩10980.00
EPS, diluted₩13311.00₩5439.00-₩7512.00-₩38112.00-₩8263.00₩3102.00-₩3654.00-₩2048.00₩2023.00₩10980.00
Diluted shares642.0M642.0M642.0M642.0M642.0M642.0M642.0M642.0M642.0M642.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents₩2.24T₩2.38T₩4.34T₩3.23T₩2.64T₩2.03T₩1.81T₩1.36T₩2.37T₩3.05T
Short-term investments₩1.30T₩1.46T₩2.05T₩3.18T₩360.83B₩1.20T₩131.38B₩313.89B--
Receivables₩12.62T₩12.22T₩11.99T₩10.46T₩8.12T₩7.92T₩7.70T₩7.79T₩7.93T₩7.79T
Inventory₩10.15T₩9.77T₩8.88T₩9.93T₩7.61T₩6.74T₩7.05T₩7.19T₩6.00T₩5.48T
Current assets₩30.72T₩29.26T₩29.54T₩29.75T₩22.05T₩20.56T₩19.48T₩19.75T₩19.14T₩19.71T
Goodwill₩99.30B₩99.18B₩99.16B₩100.09B₩105.65B₩98.17B₩97.98B₩2.58B₩2.58B₩2.58B
Total assets₩254.93T₩246.81T₩239.71T₩234.80T₩211.12T₩203.14T₩197.60T₩185.25T₩181.79T₩177.84T
Current liabilities₩67.11T₩63.97T₩61.25T₩44.52T₩31.73T₩25.88T₩24.23T₩21.84T₩23.42T₩24.74T
Short-term debt₩18.72T₩17.54T₩16.45T₩12.46T₩4.38T₩2.11T₩1.32T₩1.17T₩1.17T₩1.12T
Long-term debt₩3.27T₩3.12T₩3.39T₩2.96T₩2.27T₩3.00T₩3.39T₩3.26T₩2.43T₩1.77T
Total debt₩22.00T₩20.66T₩19.84T₩15.42T₩6.65T₩5.12T₩4.70T₩4.43T₩3.60T₩2.89T
Total liabilities₩205.60T₩205.44T₩202.45T₩192.80T₩145.80T₩132.48T₩128.71T₩114.16T₩108.82T₩104.79T
Shareholders' equity₩48.17T₩39.92T₩37.26T₩42.00T₩65.33T₩70.67T₩68.89T₩71.09T₩72.96T₩73.05T

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow₩20.88T₩15.88T₩1.52T-₩23.48T₩4.49T₩13.21T₩8.21T₩8.82T₩15.25T₩21.61T
Capital expenditures₩15.83T₩14.22T₩13.91T₩12.35T₩12.69T₩13.28T₩14.00T₩12.27T₩12.54T₩12.03T
Free cash flow₩5.05T₩1.66T-₩12.39T-₩35.82T-₩8.20T-₩72.82B-₩5.79T-₩3.45T₩2.71T₩9.58T
Investing cash flow-₩18.45T-₩14.09T-₩13.07T-₩14.95T-₩12.37T-₩14.83T-₩13.50T-₩13.01T-₩12.61T-₩9.65T
Financing cash flow-₩2.63T-₩3.85T₩12.66T₩39.00T₩8.44T₩1.88T₩5.78T₩5.30T₩745.59B-₩7.64T
Dividends paid₩216.78B₩126.90B₩45.32B₩42.35B₩812.16B₩81.30B₩99.36B₩599.39B₩1.34T₩2.09T

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.3%5.8%24.0%17.6%3.6%-1.1%-2.4%1.2%-0.7%2.0%
Net income growth, YoY144.7%--------81.6%-47.0%
EPS growth, YoY144.7%--------81.6%-47.0%
Gross margin16.4%11.5%-2.5%-43.0%-6.1%10.6%1.3%3.0%12.2%23.8%
Operating margin14.5%9.1%-4.9%-45.7%-9.5%7.1%-2.9%-1.1%9.0%20.6%
Net margin8.8%3.8%-5.5%-34.7%-8.8%3.4%-4.0%-2.2%2.2%11.8%
Free cash flow margin5.2%1.8%-14.2%-50.8%-13.7%-0.1%-9.9%-5.7%4.6%16.0%
Return on equity17.7%8.7%-12.9%-58.3%-8.1%2.8%-3.4%-1.8%1.8%9.6%
Return on assets3.4%1.4%-2.0%-10.4%-2.5%1.0%-1.2%-0.7%0.7%4.0%
Current ratio0.460.460.480.670.690.790.800.900.820.80
Debt to equity0.460.520.530.370.100.070.070.060.050.04

Source: XBRL data Korea Electric Power Corporation files with the SEC, latest filing dated Apr 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

KEP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KEP₩96.57T+4.3%₩8.54T8.8%$14.55B
NEE$27.87B+10.3%$8.18B29.4%$182.17B
SO$30.17B+7.9%$4.34B14.4%$108.94B
CEG$31.27B+26.0%$3.48B11.1%$97.82B
AEP$22.43B+9.3%$3.72B16.6%$69.88B
D$17.52B+17.5%$2.95B16.9%$60.02B
ETR$13.29B+11.4%$1.79B13.4%$53.41B
VST$20.97B+19.8%$2.71B12.9%$44.95B
FTSC$12.17B+5.8%C$1.71B14.1%$30.71B

KEP FAQ

9 questions
  • What is KEP revenue?
    Korea Electric Power Corporation (KEP) reported ₩96.57T of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 4.3% from the year before.
  • Is KEP profitable?
    Yes. Korea Electric Power Corporation earned ₩8.54T in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 8.8%.
  • How much cash and debt does KEP have?
    Korea Electric Power Corporation reported ₩2.24T in cash and cash equivalents and ₩22.00T of debt on its most recent balance sheet in SEC filings.
  • How fast is KEP revenue growing?
    Korea Electric Power Corporation's revenue changed +4.3% in fiscal 2025, to ₩96.57T. Its compound annual growth rate was +10.8% over 5 years and +5.1% over 10 years.
  • What is KEP gross margin?
    Korea Electric Power Corporation's gross profit was ₩15.86T on ₩96.57T of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 16.4%.
  • What is KEP free cash flow?
    Korea Electric Power Corporation generated ₩5.05T of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of ₩20.88T less capital expenditures.
  • What is KEP earnings per share?
    Diluted earnings per share were ₩13311.00 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did KEP last report financial results?
    The latest statements here come from Korea Electric Power Corporation's 20-F filed on Apr 29, 2026, covering the period ended Dec 31, 2025.
  • Where does this KEP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Korea Electric Power Corporation files with the SEC. It is provided for information only and is not investment advice.