[Disclosure] KEPCO (015760 / KEP) – Change in Revenue or Income Structure Exceeding 30% (15% for Large Companies) / 2025-02-28

Fact Source: Financial Supervisory Service DART

Market: KOSPI (015760)

💡 3-Second Summary

KEPCO turned profitable in FY2024 driven by fuel cost stabilization and tariff adjustments, recording a consolidated operating profit of KRW 8.349T and a net profit of KRW 3.748T.

📊 [Key Disclosure Contents & Major Financial Figures]

1. Consolidated Financial Performance Breakdown (Converted from KRW Thousands)

• Revenue: KRW 94.001T (KRW 94,001,328,300,000 / +6.6% YoY)
• Operating Profit: KRW 8.349T (KRW 8,348,854,436,000 / Turned profitable vs. KRW -4.542T in previous year)
• Profit Before Income Tax: KRW 5.290T (KRW 5,290,083,769,000 / Turned profitable vs. KRW -7.554T in previous year)
• Net Profit: KRW 3.748T (KRW 3,748,354,511,000 / Turned profitable vs. KRW -4.716T in previous year)

2. Key Causes for Performance Shift

• Turned profitable through fuel price stabilization, electricity tariff adjustments, and implementation of financial soundness plans.

3. Financial Position (Consolidated as of FY2024-end)

• Total Assets: KRW 246.644T (KRW 246,644,063,661,000)
• Total Liabilities: KRW 205.181T (KRW 205,181,363,824,000)
• Total Equity: KRW 41.463T (KRW 41,462,699,837,000 / Excl. Non-controlling Interests: KRW 40.016T)
• Capital Stock: KRW 3.210T (KRW 3,209,820,385,000)
• Total Equity (excl. Non-controlling Interests) to Capital Stock Ratio: 1,246.7% (Previous year: 1,116.7%)

4. Additional Information

• Separate Revenue: KRW 91.661T (KRW 91,660,596,201,000)
• Board Resolution Date: February 28, 2025 (6 Outside Directors present, 2 absent / Auditor present)
• Note: Figures are un-audited preliminary data prepared before the completion of the external audit and are subject to change during the audit process.

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

📌 Verification of Final Confirmed Financial Figures in the Upcoming Audit Report

This disclosure notifies significant changes in earnings structure based on preliminary financial figures compiled prior to the completion of the external audit. Because operating metrics and net income figures remain subject to adjustments depending on external audit findings, checking for any differences between preliminary and finalized numbers is important for verifying the precision of financial results. Investors can confirm the final audited 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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