Korea Electric Power Corporation (KEP) Q1 2025 Earnings Call Transcript

Korea Electric Power Corporation (NYSE:KEP) Q1 2025 Earnings Call Transcript May 13, 2025 2:00 AM ET

Company Participants

Young Ji Chang - General Manager of IR
Yong Thae Seop - Senior IR Manager

Conference Call Participants

Moon Kyeongwon - Meritz Securities Co., Ltd.

Operator

Good morning and good evening. First of all, thank you all for joining this conference call and now we will begin the conference of the Fiscal Year 2025 First Quarter Earnings Results by KEPCO. This conference will start with a presentation followed by a divisional Q&A session. [Operator Instructions]

Now we shall commence the presentation on the fiscal year 2025 first quarter earnings results by KEPCO.

Unidentified Company Representative

[Foreign Language] Good afternoon. This is [Indiscernible], Head of [Technical Difficulty] and IR team at KEPCO. We sincerely thank you all for joining us for our KEPCO's Q1 2025 earnings conference call despite your busy schedule. Today's conference call will be conducted in both Korean and English and after a brief presentation we will proceed with the Q&A session. The figures presented today are preliminary based on IFRS consolidated standard and all comparisons are made year-over-year unless otherwise stated. Please also note that any management plans, targets and estimated financial figures mentioned during the call reflect our current outlook and are subject to uncertainty and investment risk. We will now present the Q1 2025 profit and loss details in Korean and then provide the same content in English.

Young Ji Chang

[Foreign Language] Good afternoon. This is Young Ji Chang, General Manager of our IR team. Let us begin by reviewing the operating profit. The consolidated operating profit for Q1 2025 was KRW3.75 trillion and if you look into the details, revenue was KRW24.2 trillion, up by 4%. Of this, electricity sales revenue accounted for KRW23.2 trillion, up by 4.7% and other revenue including overseas business income recorded