How much did KEPCO’s third-quarter earnings fall, and what were its sales?

For the three months ended in September, KEPCO’s net profit was 835.89 billion won, down from 3.79 trillion won a year earlier. Operating profit was 1.64 trillion won, compared with 5.65 trillion won, and sales were 26.85 trillion won, down from 27.57 trillion won.

Why did KEPCO’s third-quarter profit decline?

KEPCO attributed the decline in part to lower electricity sales and rising global thermal coal prices. Fuel costs for its power-generating subsidiaries exceeded 2.2 trillion won during the quarter, weighing on earnings.

What steps is KEPCO taking to improve its financial position amid volatile energy prices?

KEPCO said it would closely monitor volatile energy prices while maintaining an emergency management system focused on cost reductions and profitability-driven operations. The company has operated under that system since Russia’s invasion of Ukraine on Feb. 24, 2022, when rising fuel prices drove up its debt and interest payment expenses.

KEPCO Q3 net plunges 78% on higher fuel costs

Listen

Summary

Korea Electric Power Corp. (KEPCO) reported Thursday that its third-quarter net profit fell 78 percent year on year, as higher fuel costs weighed on earnings. Net profit for the three months ended in September was 835.89 billion won, while operating profit dropped 70.9 percent to 1.64 trillion won and sales declined 2.6 percent to 26.85 trillion won. KEPCO said it would monitor volatile energy prices and continue cost reductions and profitability-focused operations to improve its financial position.

Key Facts

Combined fuel costs for KEPCO’s power-generating subsidiaries exceeded 2.2 trillion won in the third quarter.
Global thermal coal prices continued to rise during the quarter, while electricity sales declined, the company spokesperson said.
For the first nine months of the year, net profit fell 50.4 percent to 3.63 trillion won, operating profit declined 43.2 percent to 6.56 trillion won, and sales decreased 0.8 percent to 73.17 trillion won.
KEPCO has operated under an emergency management system since Russia’s invasion of Ukraine on Feb. 24, 2022, as rising fuel prices increased its debt and interest payment expenses.

By Yonhap

Published Nov 12, 2026 4:52 pm KST
Updated Nov 12, 2026 5:02 pm KST

The headquarters of state-run Korea Electric Power Corp / Yonhap

The state-run Korea Electric Power Corp. (KEPCO) said Thursday its third-quarter net profit plunged 78 percent from a year earlier due to higher fuel costs.

Net profit for the three months ended in September fell to 835.89 billion won from 3.79 trillion won in the same period last year, the company said in a press release.

"Electricity sales declined, while global thermal coal prices continued to rise in the third quarter, weighing on our bottom line, among other factors," a company spokesperson said.

Combined fuel costs for KEPCO's power-generating subsidiaries, including Korea South-East Power, exceeded 2.2 trillion won in the third quarter, weighing on earnings, the company said.

Operating profit plunged 70.9 percent to 1.64 trillion won from 5.65 trillion won during the same period, while sales fell 2.6 percent to 26.85 trillion won from 27.57 trillion won.

KEPCO said it would closely monitor volatile energy prices while maintaining an emergency management system focused on improving its financial position through cost reductions and profitability-driven operations.

The company has been operating under an emergency management system since Russia's invasion of Ukraine on Feb. 24, 2022, as rising fuel prices drove up its debt and interest payment expenses.

For the first nine months of the year, net profit fell 50.4 percent to 3.63 trillion won from 7.33 trillion won in the year-ago period.

Operating profit declined 43.2 percent on-year to 6.56 trillion won, while sales decreased 0.8 percent to 73.17 trillion won.

Explore More