KEPID Amends Contract with Korea South-East Power for Goseong Plant Operation, Negligible Financial Impact

KEPID amended the contract amount for the operation and maintenance service of fuel environment facilities at Goseong High Thermal Power Plant with Korea South-East Power Co., increasing it from approximately 120.9 billion won to 121.7 billion won, an increase of 0.72 billion won. This represents 30.8% of 2025 consolidated revenue of 394.5 billion won.
The contract period remains unchanged until June 30, 2026. This amendment is a minor adjustment due to a change in contract duration, involving no new capital raising or shareholder dilution.
The counterparty is Korea South-East Power Co., a stable public enterprise. As this is an extension of an existing contract, there are no additional risk factors.
[AI Summary]The increase in contract amount is only 0.2% of market capitalization, resulting in negligible financial impact. This is a simple correction of an existing contract, limiting any effect on stock price and remaining neutral.