[Disclosure] KEPCO (015760 / KEP) – Submission of Audit Report / 2025-03-11

Fact Source: Financial Supervisory Service DART

Market: KOSPI (015760)

💡 3-Second Summary

KEPCO received an ‘Unqualified’ audit opinion for FY2024 and successfully turned profitable with a consolidated operating profit of KRW 8.365T and a net profit of KRW 3.622T.

📊 [Key Disclosure Contents & Major Financial Figures]

1. Audit Opinion and Overview

• Audit Opinion: Unqualified (For both Consolidated and Separate Financial Statements)
• External Auditor: Ernst & Young Han Young
• Going Concern Uncertainty: N/A
• Internal Accounting Control System Non-compliance: N/A
• Date of Audit Report Receipt: March 11, 2025

2. Consolidated Financial Results (FY2024)

• Revenue: KRW 93.399T (KRW 93,398,895,619,843) / Previous Year: KRW 88.219T
• Operating Profit: KRW 8.365T (KRW 8,364,709,652,833) / Previous Year: KRW -4.542T (Turned Profitable)
• Profit Before Income Tax: KRW 5.257T (KRW 5,256,528,776,623) / Previous Year: KRW -7.554T (Turned Profitable)
• Net Profit: KRW 3.622T (KRW 3,621,967,823,716) / Previous Year: KRW -4.716T (Turned Profitable)
• Net Profit Attributable to Owners of Parent: KRW 3.492T (KRW 3,491,697,653,128)

3. Consolidated Financial Position (As of Dec 31, 2024)

• Total Assets: KRW 246.808T (KRW 246,807,794,596,267)
• Total Liabilities: KRW 205.445T (KRW 205,444,961,534,524)
• Total Equity: KRW 41.363T (KRW 41,362,833,061,743)
• Total Equity Excluding Non-Controlling Interests: KRW 39.915T (KRW 39,915,236,853,404)
• Capital Stock: KRW 3.210T (KRW 3,209,820,385,000)
• Total Equity (excl. Non-controlling Interests) to Capital Stock Ratio: 1,243.5% (Previous Year: 1,116.7%)

4. Separate Financial Results (FY2024)

• Revenue: KRW 91.647T (KRW 91,646,581,699,811)
• Operating Profit: KRW 3.167T (KRW 3,166,658,143,177) / Turned Profitable
• Net Profit: KRW 829.3B (KRW 829,338,815,456) / Turned Profitable
• Total Assets: KRW 139.472T
• Total Liabilities: KRW 120.083T
• Total Equity: KRW 19.389T

5. Additional Information

• Number of Consolidated Subsidiaries: 167 (Major Subsidiaries: 1)
• Embezzlement/Malfeasance Matters Stated: No
• Note: Financial statements in the audit report are subject to change during the Annual General Meeting of Shareholders approval process.

📝 Editor’s Comment (Key Follow-up Checkpoint)

📌 Verification of Potential Changes to Financial Statements During Shareholder Meeting Approval

This audit report submission indicates that external auditing has been completed and an official unqualified opinion has been issued for the FY2024 financials. Because the financial figures remain subject to final approval at the Annual General Meeting of Shareholders as noted in the disclosure, monitoring whether any adjustments occur during the approval process is important for verifying the final financial metrics. Investors can confirm the finalized financial status through subsequent official filings or periodic reports.

📢 Disclaimer & Source Notice

Source: This content has been re-structured and generated based on official corporate filing data from the Financial Supervisory Service’s DART system.

Investment Risk Warning: This information is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the investor.

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