Saturday 17 October 2026 Export KEP’s income statement to Excel — free account

Korea Electric Power Corporation

KEP Utilities Utilities Regulated Electric

Korea Electric Power Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.31% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 77.8%, free cash flow fell 689.1% and total debt fell 7.75%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

10.63 0.06 −0.56%

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Market cap: $13.7B
P/E: 2.5×
Fwd P/E: 3.8×
Dividend yield: 0.00%
F-score: 9/9
Altman Z: 0.63
Beneish M: −2.81
Dividend safety: 56/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.31%

Capital & Financial Ratios $m

Market Cap 13,730.00

Revenue 67,697.57

Net Income 5,547.59

Free Cash Flow 1,368.19

Net Debt 52,882.21

Current Ratio 0.44

Debt/Equity 1.60

P/E ratio 2.48

Fwd P/E 3.78

P/S ratio 0.20

P/B ratio 0.38

Past 5Y EPS Growth 28.81%

This Y EPS Growth (45.10%)

Next Y EPS Growth 42.54%

Next Y revenue growth (97.70%)

Next 5Y EPS Growth (1.51%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.57%

10-year low 10-year high

P/S against its own 10 years 25.36%

10-year low 10-year high

P/B against its own 10 years 71.80%

10-year low 10-year high

EV/Sales against its own 10 years 16.55%

10-year low 10-year high

EV/FCF against its own 10 years 69.15%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.07	0.07
2020	0.54	0.54
2019	Powerpack
2018	Powerpack
2017	0.37	0.37
2016	1.73	0.86 0.86

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5,960	4,114	4,544	5,032
Receivables	9,644	8,606	8,897	8,555
Inventory	7,100	6,838	7,107	7,798
Other	887	888	953	1,253
	23,629	20,479	21,501	22,638

	2023	2024	2025	Q'26
Payables	7,272	6,588	6,035	7,046
ST’ Debt	—	—	—	—
Other	8,429	6,385	7,683	7,715
	48,999	44,778	46,975	51,093

Compound Annual Growth %

	10y	5y	3y
Sales	2.45%	7.84%	11.03%
Cash Flow	(0.42%)	6.70%	0.00%
Earnings	(6.69%)	30.29%	0.00%
Book Value	(5.56%)	(9.39%)	5.50%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	17,079	15,343	—	—	—
’25	16,957	15,365	19,301	15,975	67,597
’24	18,634	14,332	18,272	13,567	64,805
’23	17,275	15,698	19,576	17,432	69,981
’22	13,171	12,422	13,841	9,947	49,382
’21	13,568	12,167	14,816	13,371	53,922
’20	12,075	10,458	12,569	11,239	46,341

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	5,115	867	—	—	—
’25	4,727	3,215	4,229	2,444	14,616
’24	4,986	638	3,385	2,105	11,113
’23	(2,760)	(1,089)	3,340	1,727	1,218
’22	(2,802)	(4,997)	(1,762)	(6,873)	(16,434)
’21	4,117	719	1,240	(2,050)	4,026
’20	3,235	1,438	3,577	2,317	10,567

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,210	(2,884)	—	—	—
’25	2,114	(365)	2,257	(216)	3,790
’24	2,098	(1,469)	1,355	(605)	1,380
’23	(5,469)	(4,087)	999	(1,164)	(9,721)
’22	(4,887)	(7,493)	(3,168)	(9,144)	(24,692)
’21	1,838	(3,020)	(1,014)	(5,031)	(7,227)
’20	887	(1,640)	1,540	(667)	120

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.33	0.14	—	—	—
’25	1.25	0.63	2.11	0.71	4.68
’24	0.33	0.04	1.06	0.57	1.99
’23	(3.02)	(1.19)	0.47	0.73	(2.88)
’22	(3.85)	(3.01)	(3.44)	(3.41)	(14.75)
’21	0.06	(0.48)	(0.73)	(2.41)	(3.61)
’20	0.01	0.10	0.77	0.39	1.32

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.40	16.51	10.52	9.90	6.28	8.66	5.76	5.93	6.69	6.68	Analyst estimates 2026–2028 Powerpack
	High	28.37	21.59	17.87	15.78	12.98	12.40	10.18	8.42	9.55	18.29
People
People	Employees	43,688	45,232	46,377	47,452	48,519	48,809	49,237	48,696	48,440	48,650
	Revenue/emp, $m	1.23	1.18	1.18	0.99	0.96	1.10	1.00	1.44	1.34	1.39
Income, $m
Income, $m	Revenue	53,787	53,402	54,630	46,854	46,341	53,922	49,382	69,981	64,805	67,597
	Gross margin, %	23.78	12.20	3.04	1.35	10.57	(6.08)	(43.03)	(2.54)	11.47	16.43
	EBT	9,462	3,253	(1,821)	(2,613)	2,393	(6,377)	(23,691)	(6,043)	3,680	8,111
	EBT margin, %	17.59	6.09	(3.33)	(5.58)	5.16	(11.83)	(47.97)	(8.64)	5.68	12.00
	Net income	6,433	1,297	(1,069)	(1,811)	1,674	(4,706)	(17,100)	(3,773)	2,535	6,067
	Depreciation	8,065	8,796	9,123	8,903	9,238	10,744	8,723	10,426	9,798	9,652
Per share, $
Per share, $	Revenue	41.89	41.59	42.55	36.49	36.09	42.00	38.46	54.51	50.47	52.65
	Earnings	4.72	0.95	(0.93)	(1.46)	1.32	(3.61)	(14.75)	(2.88)	1.99	4.68
	Cash flow	11.58	7.89	4.73	5.12	8.23	3.14	(12.80)	0.95	8.66	11.38
	Capex	(8.37)	(8.83)	(8.61)	(8.54)	(8.14)	(8.76)	(6.43)	(8.52)	(7.58)	(8.43)
	Free cash flow	3.21	(0.94)	(3.87)	(3.42)	0.09	(5.63)	(19.23)	(7.57)	1.07	2.95
	Book value	51.21	51.15	50.39	42.92	44.03	45.78	22.90	23.22	22.55	26.89
	Shares, m	1,284	1,284	1,284	1,284	1,284	1,284	1,284	1,284	1,284	1,284
Valuation, ×
Valuation, ×	P/E	3.87	18.85	0.00	0.00	9.66	0.00	0.00	0.00	3.44	3.51
	P/S	0.44	0.43	0.35	0.32	0.34	0.22	0.20	0.13	0.14	0.31
	P/B	0.36	0.35	0.29	0.28	0.28	0.20	0.34	0.31	0.31	0.61
	EV/Sales	1.10	1.13	1.17	1.28	1.28	1.25	1.49	0.17	1.03	1.12
	EV/FCF	14.36	(49.95)	(12.90)	(13.62)	496.63	(9.35)	(2.98)	(1.25)	48.24	19.90
Cash, $m
Cash, $m	Operating cash flow	14,869	10,125	6,079	6,571	10,567	4,026	(16,434)	1,218	11,113	14,616
	Capex	(10,750)	(11,334)	(11,050)	(10,959)	(10,447)	(11,253)	(8,258)	(10,939)	(9,733)	(10,826)
	Free cash flow	4,118	(1,209)	(4,971)	(4,389)	120	(7,227)	(24,692)	(9,721)	1,380	3,790
Balance, $m
Balance, $m	Working capital	(4,528)	(3,854)	(1,908)	(3,799)	(4,255)	(8,713)	(10,338)	(25,370)	(24,300)	(25,474)
	Total debt	40,352	41,383	48,562	47,292	47,492	59,913	68,834	8,957	61,847	58,797
	Net debt	35,201	37,488	45,178	44,575	43,628	55,860	63,569	2,997	57,732	54,253
	Shareholders’ equity	65,745	65,668	64,694	55,112	56,533	58,781	29,400	29,812	28,954	34,526
Returns, %
Returns, %	ROA	3.99	0.72	(0.72)	(1.15)	0.99	(2.71)	(9.67)	(2.17)	1.34	3.41
	ROIC	6.85	2.90	(0.35)	(0.86)	2.05	(2.81)	(15.17)	(6.47)	4.27	6.90
	ROE	10.00	1.78	(1.84)	(3.13)	2.85	(8.30)	(38.84)	(13.03)	8.32	18.85

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ES Eversource Energy	$24.9B	17.3×	15.4×	+2.29% (above 0%: growing)	−85.42% (below 0%: shrinking)	+398.93% (above 0%: growing)	67.64%	18.63%	Compare
EIX Edison International	$21.4B	5.7×	12.2×	−4.09% (below 0%: shrinking)	+56.18% (above 0%: growing)	+30.60% (above 0%: growing)	73.90%	25.06%	Compare
CMS CMS Energy Corporation	$21.0B	20.7×	18.6×	−0.49% (below 0%: shrinking)	−43.94% (below 0%: shrinking)	+26.60% (above 0%: growing)	63.09%	14.43%	Compare
EVRG Evergy Inc.	$18.8B	20.7×	19.6×	+4.39% (above 0%: growing)	+25.68% (above 0%: growing)	−101.48% (below 0%: shrinking)	70.18%	25.37%	Compare
LNT Alliant Energy Corporation	$17.4B	21.6×	21.2×	+1.04% (above 0%: growing)	−2.94% (below 0%: shrinking)	−106.25% (below 0%: shrinking)	82.60%	19.05%	Compare
KEP Korea Electric Power Corporation	$13.7B	2.5×	3.8×	−0.14% (below 0%: shrinking)	−77.78% (below 0%: shrinking)	−689.05% (below 0%: shrinking)	8.72%	5.15%
PNW Pinnacle West Capital Corporation	$12.3B	19.5×	21.9×	+7.14% (above 0%: growing)	−8.70% (below 0%: shrinking)	+36.77% (above 0%: growing)	61.64%	21.00%	Compare
OGE OGE Energy Corporation	$9.7B	20.8×	19.7×	−4.00% (below 0%: shrinking)	+5.66% (above 0%: growing)	+75.81% (above 0%: growing)	69.42%	26.91%	Compare
IDA IDACORP, Inc.	$7.9B	22.5×	22.1×	+4.20% (above 0%: growing)	+3.95% (above 0%: growing)	−100.67% (below 0%: shrinking)	72.82%	27.78%	Compare
Median of peers	$18.1B	20.7×	19.7×	+1.66%	+0.51%	+28.60%	69.80%	23.03%

All 40 Utilities Regulated Electric stocks →