KEPCO (KEP) Q4 Net Income Down 18% to ¥14.9B Amid Service Contract Delays

KEPCO (KEP) reported Q4 net income of ¥14.9 billion (about $123 million), down 18% from ¥18.2 billion in the same period of 2025, driven by delays in major service contracts and lower hydroelectric generation in South Korea. The Plant Service & Engineering segment, a key contributor, accounted for ¥11.2 billion of the decline. Earnings per share for the quarter were ¥0.24 per share, versus ¥0.31 in Q4 2025. The company attributed the results to reduced demand in its engineering and maintenance services, with no significant impact from operational or legal issues.