[Disclosure] KEPCO (015760 / KEP) – Preliminary Earnings Results (Consolidated) / 2024-02-23

Fact Source: Financial Supervisory Service DART

Market: KOSPI (015760)

💡 3-Second Summary

KEPCO posted a Q4 2023 consolidated operating profit of KRW 1.884T, maintaining profitability for two consecutive quarters, while its full-year cumulative operating loss narrowed by 86.0% YoY to KRW -4.569T.

📊 [Key Disclosure Contents & Major Financial Figures]

1. Q4 2023 Quarterly Results (Consolidated, Converted from KRW Millions)

• Revenue: KRW 22.519T (KRW 22,518,593,000,000 / -8.0% QoQ, +15.5% YoY)
• Operating Profit: KRW 1.884T (KRW 1,884,248,000,000 / -5.6% QoQ, Turned profitable vs. KRW -10.821T in Q4 2022)
• Profit Before Income Tax: KRW 1.163T (KRW 1,162,933,000,000 / -6.8% QoQ, Turned profitable vs. KRW -10.803T in Q4 2022)
• Net Profit: KRW 1.325T (KRW 1,325,413,000,000 / +59.1% QoQ, Turned profitable vs. KRW -7.783T in Q4 2022)
• Net Profit Attributable to Owners of Parent: KRW 1.294T (KRW 1,293,818,000,000 / +63.0% QoQ, Turned profitable vs. KRW -7.771T in Q4 2022)

2. FY2023 Full-Year Cumulative Results (Consolidated)

• Revenue: KRW 88.205T (KRW 88,205,084,000,000 / +23.8% YoY)
• Operating Loss: KRW -4.569T (KRW -4,569,137,000,000 / Loss narrowed by 86.0% vs. KRW -32.655T in FY2022)
• Profit (Loss) Before Income Tax: KRW -7.400T (KRW -7,399,636,000,000 / Loss narrowed by 78.1% vs. KRW -33.844T in FY2022)
• Net Loss: KRW -4.657T (KRW -4,656,886,000,000 / Loss narrowed by 80.9% vs. KRW -24.429T in FY2022)
• Net Loss Attributable to Owners of Parent: KRW -4.762T (KRW -4,761,522,000,000 / Loss narrowed by 80.5% vs. KRW -24.467T in FY2022)

3. FY2023 Full-Year Cumulative Results (Separate)

• Revenue: KRW 85.826T (KRW 85,825,593,000,000 / vs. KRW 68.952T in FY2022)
• Operating Loss: KRW -6.504T (KRW -6,503,918,000,000 / Loss narrowed vs. KRW -33.909T in FY2022)
• Profit (Loss) Before Income Tax: KRW -5.141T (KRW -5,140,582,000,000)
• Net Loss: KRW -3.415T (KRW -3,414,635,000,000)

4. Information Disclosure Event & Details

• Provider: Financial Accounting Department, Accounting Team
• Target Audience: Domestic and international institutional investors and general investors
• Date/Time & Location: February 23, 2024 at 17:00 / KEPCO Finance Department IR Conference Room
• Note: Figures are un-audited preliminary figures prepared prior to external audit completion and are subject to change during the audit process.

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

📌 Verification of Final Confirmed Figures Following External Audit Completion

This disclosure provides preliminary operating results for Q4 and FY2023 compiled prior to the completion of the external audit. Because preliminary figures remain subject to adjustment depending on the external auditor’s findings, checking for potential differences between preliminary estimates and final audited numbers is important for verifying the precision of financial results. Investors can confirm the final audited status through official audit-related filings or subsequent annual business 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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