Korea Electric Power Corporation

Good morning and good evening. First of all, thank you all joining this conference, and now we will begin the conferences of the fiscal year 2025 four-quarter earnings resulted by CAPCO. This conference will start with a presentation followed by a divisional Q&A session. If you have a question, please press asterisk 1 on your phone during the Q&A. Now we shall commence the presentation on the fiscal year 2025 four-quarter earnings resulted by CAPCO.

Hello, I'm Yang Si-young, the director of the Financial Services Department of the Korea Power Plant. Thank you for attending the Korea Power Plant's 4th quarter performance announcement IR conference call. Today's conference call will be held in Korean and English. First, I will give a brief performance announcement and then answer the questions. The performance data to be announced today is the IFRS connection standard standard number, All comparisons are in preparation for the previous year, as long as there is no separate mention. In addition, among the contents of the performance announcement meeting, the business plan and goals that can be mentioned, the estimated financial figures, etc. are the goals or prospects at the current point of view, so please note that there are uncertainties and investment risk factors. From now on, I will first explain in Korean about the increase in profit in the fourth quarter of 2025 and then explain the same content in English.

Good afternoon. This is Yang Siyoung, head of finance department of KEDCO. I'd like to thank you all for participating in today's conference call for the business results of the fourth quarter of 2025, despite your busy schedule. Today's call will be conducted in both Korean and English. We will begin with a brief presentation of the earnings results, which will be followed by a Q&A session. Please note that the financial information to be disclosed today is preliminary consolidated IFRS figures, and all comparison is on a year-over-year basis, unless stated otherwise. Also, business plans, targets, financial estimates, and other forward-looking statements mentioned today are based on our current targets and forecasts. Please be noted that such statements may involve investment risks and uncertainties. Now we will begin with an overview of the earnings results for the fourth quarter of 2025 in Korean, which will be then consecutively translated into English.