EVERGY KANSAS CENTRAL, INC.

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 19, 2026

EVRG$88.44+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

EVERGY, INC.
Consolidated Statements of Comprehensive Income
Year Ended December 31	2025	2024	2023
(millions, except per share amounts)
OPERATING REVENUES	$5,961.6	$5,847.3	$5,508.2
OPERATING EXPENSES:
Fuel and purchased power	1,412.4	1,479.9	1,494.8
SPP network transmission costs	438.0	370.9	302.6
Operating and maintenance	995.3	961.9	945.3
Depreciation and amortization	1,162.9	1,114.0	1,076.5
Taxes other than income tax	420.1	452.6	406.6
Total Operating Expenses	4,428.7	4,379.3	4,225.8
INCOME FROM OPERATIONS	1,532.9	1,468.0	1,282.4
OTHER INCOME (EXPENSE):
Investment earnings (loss)	(35.0)	4.6	29.7
Other income	46.4	38.9	40.6
Other expense	(37.0)	(40.4)	(75.1)
Total Other Income (Expense), Net	(25.6)	3.1	(4.8)
Interest expense	616.3	563.1	525.8
INCOME BEFORE INCOME TAXES	891.0	908.0	751.8
Income tax expense	29.9	30.0	15.6
Equity in earnings of equity method investees, net of income taxes	6.8	7.8	7.4
NET INCOME	867.9	885.8	743.6
Less: Net income attributable to noncontrolling interests	12.3	12.3	12.3
NET INCOME ATTRIBUTABLE TO EVERGY, INC.	$855.6	$873.5	$731.3
BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1)
Basic earnings per common share	$3.71	$3.79	$3.18
Diluted earnings per common share	$3.66	$3.79	$3.17
AVERAGE COMMON SHARES OUTSTANDING
Basic	230.5	230.3	230.0
Diluted	233.6	230.6	230.5
COMPREHENSIVE INCOME
NET INCOME	$867.9	$885.8	$743.6
Derivative hedging activity
Gain on derivative hedging instruments	0.6	—	—
Income tax expense	(0.1)	—	—
Net gain on derivative hedging instruments	0.5	—	—
Reclassification to expenses, net of tax	5.4	5.4	5.4
Derivative hedging activity, net of tax	5.9	5.4	5.4
Defined benefit pension plans
Net gain (loss) arising during period	0.2	0.7	(0.5)
Income tax (expense) benefit	(0.1)	(0.1)	0.1
Net gain (loss) arising during period, net of tax	0.1	0.6	(0.4)
Amortization of net gains included in net periodic benefit costs, net of tax	(0.2)	(0.2)	(0.1)
Change in unrecognized pension expense, net of tax	(0.1)	0.4	(0.5)
Total other comprehensive income	5.8	5.8	4.9
Comprehensive income	873.7	891.6	748.5
Less: Comprehensive income attributable to noncontrolling interest	12.3	12.3	12.3
COMPREHENSIVE INCOME ATTRIBUTABLE TO EVERGY, INC.	$861.4	$879.3	$736.2

EVERGY, INC.
Consolidated Balance Sheets
	December 31
	2025	2024
ASSETS · (millions, except share amounts)
CURRENT ASSETS:
Cash and cash equivalents	$19.8	$22.0
Receivables, net of allowance for credit losses of $15.3 and $15.7, respectively	214.2	245.4
Accounts receivable pledged as collateral	402.0	401.0
Fuel inventory and supplies	828.9	867.4
Income taxes receivable	8.2	11.1
Regulatory assets, includes $16.7 and $15.9 related to variable interest entity, respectively	217.4	180.9
Prepaid expenses	77.9	66.1
Other	47.4	45.4
Total Current Assets	1,815.8	1,839.3
PROPERTY, PLANT AND EQUIPMENT, NET, includes $119.4 and $126.5 related to variable interest entity, respectively	26,301.5	24,930.9
OTHER ASSETS:
Regulatory assets, includes $277.9 and $294.5 related to variable interest entity, respectively	1,885.3	1,719.3
Nuclear decommissioning trust	1,016.8	879.8
Goodwill	2,336.6	2,336.6
Other	592.5	576.2
Total Other Assets	5,831.2	5,511.9
TOTAL ASSETS	$33,948.5	$32,282.1

EVERGY, INC.
Consolidated Balance Sheets
	December 31
	2025	2024
LIABILITIES AND EQUITY · (millions, except share amounts)
CURRENT LIABILITIES:
Current maturities of long-term debt, includes $17.0 and $16.2 related to variable interest entity, respectively	$367.0	$651.7
Commercial paper	1,394.0	1,207.6
Collateralized note payable	402.0	401.0
Accounts payable	654.3	613.8
Accrued taxes	169.4	159.0
Accrued interest, includes $1.3 and $1.3 related to variable interest entity, respectively	158.3	136.4
Regulatory liabilities	141.6	173.8
Asset retirement obligations	34.2	28.7
Other	375.1	290.4
Total Current Liabilities	3,695.9	3,662.4
LONG-TERM LIABILITIES:
Long-term debt, net, includes $279.2 and $295.7 related to variable interest entity, respectively	13,039.2	11,809.2
Deferred income taxes	2,020.7	2,035.7
Unamortized investment tax credits	155.8	162.8
Regulatory liabilities	2,824.6	2,672.0
Pension and post-retirement liability	278.7	371.3
Asset retirement obligations	1,308.1	1,268.3
Other	357.7	311.2
Total Long-Term Liabilities	19,984.8	18,630.5
Commitments and Contingencies (Note 15)
EQUITY:
Evergy, Inc. Shareholders' Equity:
Common stock - 600,000,000 shares authorized, without par value 230,262,674 and 229,983,615 shares issued, stated value	7,273.1	7,245.9
Retained earnings	2,966.2	2,732.9
Accumulated other comprehensive loss	(18.0)	(23.8)
Total Evergy, Inc. Shareholders' Equity	10,221.3	9,955.0
Noncontrolling Interests	46.5	34.2
Total Equity	10,267.8	9,989.2
TOTAL LIABILITIES AND EQUITY	$33,948.5	$32,282.1

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