Analyzing and simulating wet steam flows within steam turbines holds significant importance, especially due to the presence of a liquid phase in the low-pressure stages of the turbine, resulting in consequential losses that demand careful consideration. Considering these conditions, this study employs advanced predictive CFD models to simulate the wet steam flow within the actual 3D geometry of the final stage in a 200 MW steam turbine, which is observed in the least research due to the complexity of modeling and analysis of three-dimensional flows. This advancement promises more precise and reliable results. Employing the ANSYS CFX software, this study engages in numerical simulations of steady-state compressible two-phase flow. Furthermore, the study offers practical equations to quantify the losses within the entire stage, which serves as a valuable metric for assessing loss levels and offers a benchmark for design improvements aimed at loss reduction. Based on the results, 10 % of losses occur along the stator and 1 % along the rotor, and a total of 11 % of losses occur along the entire stage. Finally, the efficiency of the stage is calculated to be 89 %. Steam condensation strengthens the shock waves, changes their location, diminishes Mach number and the flow velocity, and alters the flow angle. It reduces the efficiency of the turbine by 1.27 % and also reduces the work done by the turbine by 13.97 %. This emphasizes the significant influence of condensation on flow characteristics, emphasizing the necessity of conducting comprehensive investigations into this phenomenon.