Korea Electric Power (NYSE:KEP), the state-run utility provider for the Republic of Korea, reported a net income of $914.2 million for the fourth quarter of 2025 on Wednesday.
The results signal a continued stabilization for the utility giant, which has spent the last two years navigating a volatile global energy market and significant domestic debt.
On a per-share basis, the Naju-based company reported a fourth-quarter net income of 71 cents.
Quarterly revenue reached $16.35 billion, driven by steady industrial demand and a series of incremental tariff adjustments implemented earlier in the year to offset prior operational losses.
For the full year 2025, KEPCO reported a total profit of $6.01 billion, or $4.68 per share.
Total annual revenue reached $68.57 billion.
This performance represents a stark recovery from the multi-billion dollar deficits experienced during the 2022–2023 energy crisis, largely attributed to a decrease in international liquefied natural gas (LNG) and coal prices, which lowered the company's power purchase costs.