[6-K] Korea Electric Power Corp Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Korea Electric Power Corporation reported substantially stronger earnings for the first half of fiscal 2025 on a consolidated and separate basis, prepared under K-IFRS as preliminary, unaudited results. Consolidated revenue for Jan.-Jun. 2025 reached KRW 46,174 billion, up KRW 2,408 billion from the prior year, and consolidated operating income rose to KRW 5,889 billion (up KRW 3,339 billion). Consolidated net income was KRW 3,538 billion, versus KRW 710 billion a year earlier.

On a separate basis the company also moved from a loss to profit: Jan.-Jun. 2025 separate net income was KRW 3,085 billion (up KRW 2,948 billion year-over-year), and separate operating income improved to KRW 2,857 billion. These figures are preliminary estimates and have not been audited or reviewed by independent accountants.

Positive

• Consolidated net income increased to KRW 3,538 billion for Jan.-Jun. 2025, up KRW 2,828 billion versus Jan.-Jun. 2024
• Consolidated operating income rose to KRW 5,889 billion for Jan.-Jun. 2025, an increase of KRW 3,339 billion year-over-year
• Separate financials swung to profit: separate net income was KRW 3,085 billion for Jan.-Jun. 2025 versus KRW 137 billion in 2024

Negative

• Results are preliminary and unaudited and have not been reviewed by independent accountants, which may lead to differences from final reported results
• Company disclaimer states the Information may differ from actual results, reducing certainty until audited figures are released

Insights

Financial Analyst

TL;DR: KEPCO shows materially stronger top-line and profit performance in H1 2025, with consolidated net income jumping to KRW 3,538bn.

The reported consolidated results show meaningful year-over-year gains across revenue, operating income, and net income for both the quarter and first half. Consolidated operating income for Jan.-Jun. improved by KRW 3,339bn to KRW 5,889bn, and net income rose by KRW 2,828bn to KRW 3,538bn. These are sizable absolute improvements and are likely material for investor assessments of near-term earnings performance. Analysts should note the company prepared these as preliminary, unaudited K-IFRS figures.

Industry Specialist (Power Utilities)

TL;DR: Utility-scale results show sustained revenue growth and a swing to substantial profitability on both consolidated and separate statements.

KEPCO's consolidated revenue for the first half reached KRW 46,174bn and separate revenue reached KRW 45,461bn, each up over KRW 2.4tn year-over-year. The separate financials show a clear recovery from prior losses at the operating and pre-tax levels. These improvements, presented under K-IFRS, indicate stronger operating margins in the period covered. However, the data are preliminary and unaudited, which limits definitive operational conclusions until final, audited statements are available.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the Month of August 2025

Commission File Number 001-13372

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s name into English)

55 Jeollyeok-ro, Naju-si, Jeollanam-do, 58322, Korea

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

Korea Electric Power Corporation (“KEPCO”) hereby announces its unaudited consolidated and separate results of operation for the first half of the fiscal year 2025 prepared in accordance with Korean International Financial Reporting Standards (K-IFRS) as shown below.

Disclaimer:

The financial information relating to the unaudited consolidated and separate results of operations of KEPCO for the first half of the fiscal year 2025 as presented below (the “Information”) has been prepared by KEPCO based on preliminary estimates and in accordance with K-IFRS. The Information has been neither audited nor reviewed by KEPCO’s independent accountants, KPMG Samjong Accounting Corp., or any other independent public accountants. The Information may differ from the actual results of operations of KEPCO, and accordingly should not be relied upon for investment or other purposes.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the second three-month and the first half period ended June 30, 2025 and 2024

(Unit : in billions of Korean Won)		2025 Apr.-Jun.				2024 Apr.-Jun.				Change				2025 Jan.-Jun.				2024 Jan.-Jun.				Change
Operating revenues			21,950				20,474				1,476				46,174				43,766				2,408
Operating income (loss)			2,136				1,250				886				5,889				2,550				3,339
Income (Loss) before income tax			1,665				349				1,316				4,897				1,087				3,810
Net income (loss)			1,176				114				1,062				3,538				710				2,828
Net income (loss) attributable to owners of the company			1,137				65				1,072				3,465				627				2,838

CONDENSED SEPERATE STATEMENTS OF COMPREHENSIVE INCOME

For the second three-month and the first half period ended June 30, 2025 and 2024

(Unit : in billions of Korean Won)		2025 Apr.-Jun.				2024 Apr.-Jun.				Change				2025 Jan.-Jun.				2024 Jan.-Jun.				Change
Operating revenues			21,600				20,212				1,388				45,461				42,994				2,467
Operating income (loss)			957				-93				1,050				2,857				1,169				1,688
Income (Loss) before income tax			381				-641				1,022				3,593				102				3,491
Net income (loss)			261				-456				717				3,085				137				2,948

* The figures may not add up to the relevant total numbers due to rounding.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

By:		/s/ Joo, Hwa-Sik
Name: Joo, Hwa-Sik
Title: Vice President

Date: August 12, 2025

FAQ

What were KEPCO's consolidated revenues for the first half of 2025?

Consolidated revenue for Jan.-Jun. 2025 was KRW 46,174 billion, up KRW 2,408 billion from Jan.-Jun. 2024.

How much net income did KEPCO report for H1 2025 on a consolidated basis?

Consolidated net income for Jan.-Jun. 2025 was KRW 3,538 billion, compared with KRW 710 billion in the prior-year period.

Did KEPCO report a profit or loss on a separate basis for H1 2025?

KEPCO reported a separate net income of KRW 3,085 billion for Jan.-Jun. 2025, up from KRW 137 billion in Jan.-Jun. 2024.

Are these KEPCO results audited?

No. The results are stated to be preliminary estimates prepared under K-IFRS and have not been audited or reviewed by independent accountants.

What accounting standards were used for the reported results?

The results were prepared in accordance with K-IFRS (Korean International Financial Reporting Standards).