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Woori Financial Group (WF) Q2 2026 net income up 9.24%

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Woori Financial Group Inc. reports preliminary consolidated results for the quarter ended June 30, 2026. Net income was 1,026,539 million KRW, up 60.54% from 1Q 2026 and 9.24% from 2Q 2025; profit attributable to equity holders reached 1,004,635 million KRW, a 66.24% sequential and 7.41% year-on-year increase. Operating income rose to 1,315,751 million KRW, up 62.81% quarter-on-quarter and 18.70% year-on-year, while quarterly revenue was 13,165,152 million KRW, down 13.85% versus 1Q 2026 and 2.98% versus 2Q 2025.

Wholly-owned subsidiary Woori Bank, on a consolidated basis, recorded net income of 842,782 million KRW, 61.51% higher than 1Q 2026 but 8.06% lower than 2Q 2025, on revenue of 9,187,787 million KRW, which decreased 23.44% sequentially and 25.03% year-on-year. All figures are prepared in accordance with Korean International Financial Reporting Standards, are preliminary and have not been reviewed by independent auditors.

Positive

  • Consolidated net income rose 60.54% quarter-on-quarter and 9.24% year-on-year to 1,026,539 million KRW in 2Q 2026.
  • Operating income increased to 1,315,751 million KRW in 2Q 2026, up 62.81% from 1Q 2026 and 18.70% from 2Q 2025.

Negative

  • Woori Bank's consolidated revenue declined to 9,187,787 million KRW in 2Q 2026, down 23.44% from 1Q 2026 and 25.03% from 2Q 2025.
  • Woori Bank's cumulative net income fell 12.07% year-on-year to 1,364,581 million KRW for the first half of 2026.

Filing Explained

The preliminary June 30 results show a year-to-date split: Woori Financial Group’s net income rose 4.50% to 1,665,972 million KRW from the prior-year period, while wholly owned Woori Bank’s fell 12.07% to 1,364,581 million KRW, so the group-level improvement did not extend to the bank.

Consolidated net income 2Q 2026 1,026,539 million KRW Quarter ended June 30, 2026, Woori Financial Group
Net income change vs 1Q 2026 60.54% Quarter-on-quarter change in consolidated net income
Net income change vs 2Q 2025 9.24% Year-on-year change in consolidated net income
Consolidated revenue 2Q 2026 13,165,152 million KRW Quarterly revenue, Woori Financial Group
Woori Bank net income 2Q 2026 842,782 million KRW Consolidated basis, quarter ended June 30, 2026
Woori Bank revenue YoY change 2Q 2026 (25.03%) Year-on-year change in Woori Bank 2Q 2026 revenue vs 2Q 2025
Korean International Financial Reporting Standards financial
"The above figures are prepared in accordance with Korean International Financial Reporting Standards."
Profit to the Equity Holders of the Parent Entity financial
"Profit to the Equity Holders of the Parent Entity | | Specified Quarter"
consolidated basis financial
"for the quarter ended June 30, 2026, on a consolidated basis, are as follows."
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What was Woori Financial Group (WF)'s consolidated net income in Q2 2026?

Woori Financial Group's consolidated net income for Q2 2026 was 1,026,539 million KRW, up 60.54% from Q1 2026 and 9.24% from Q2 2025. Profit to equity holders of the parent reached 1,004,635 million KRW. These figures are preliminary and not yet reviewed by independent auditors.

How did Woori Financial Group (WF)'s Q2 2026 revenue compare to prior periods?

Q2 2026 consolidated revenue was 13,165,152 million KRW, down 13.85% from Q1 2026 and 2.98% from Q2 2025. On a cumulative basis, revenue reached 28,447,534 million KRW, 22.47% higher than the comparable 2025 period.

What were Woori Bank's consolidated net income results for Q2 2026?

Woori Bank's consolidated net income for Q2 2026 was 842,782 million KRW, 61.51% higher than Q1 2026 but 8.06% lower than Q2 2025. Profit to the equity holders of the parent entity was 842,086 million KRW for the quarter.

How did Woori Bank's Q2 2026 revenue change versus Q2 2025?

Woori Bank reported Q2 2026 consolidated revenue of 9,187,787 million KRW, compared with 12,255,206 million KRW in Q2 2025. This represents a 25.03% year-on-year decline, alongside a 23.44% decrease from Q1 2026 revenue of 12,001,481 million KRW.

Are Woori Financial Group (WF)'s Q2 2026 figures audited or final?

The Q2 2026 figures for both Woori Financial Group and Woori Bank are preliminary and prepared under Korean International Financial Reporting Standards. The companies state these numbers are subject to adjustment and have not been reviewed by their independent auditors.

What is Woori Financial Group (WF)'s cumulative net income for the first half of 2026?

On a cumulative basis, Woori Financial Group's consolidated net income for the first half of 2026 was 1,665,972 million KRW, compared with 1,594,299 million KRW for the same period in 2025, an increase of 4.50% under Korean International Financial Reporting Standards.
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-31811

 

 

Woori Financial Group Inc.

(Translation of registrant’s name into English)

 

 

51, Sogong-ro, Jung-gu, Seoul, 04632, Korea

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

 

 
 


Woori Financial Group’s Preliminary Financial Performance Figures

for the Second Quarter of 2026

The preliminary financial performance figures for Woori Financial Group Inc. (“Woori Financial Group”) for the quarter ended June 30, 2026, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

  2Q 2026     1Q 2026     % Change
Increase
(Decrease)
    2Q 2025     % Change
Increase
(Decrease)
 

Revenue*

  Specified Quarter     13,165,152       15,282,382       (13.85     13,570,154       (2.98
  Cumulative Basis     28,447,534       —        —        23,228,682       22.47  

Operating Income

  Specified Quarter     1,315,751       808,155       62.81       1,108,451       18.70  
  Cumulative Basis     2,123,906       —        —        1,977,714       7.39  

Income before Income Tax Expense

  Specified Quarter     1,318,276       848,192       55.42       1,186,485       11.11  
  Cumulative Basis     2,166,468       —        —        2,051,080       5.63  

Net Income

  Specified Quarter     1,026,539       639,433       60.54       939,743       9.24  
  Cumulative Basis     1,665,972       —        —        1,594,299       4.50  

Profit to the Equity Holders of the Parent Entity

  Specified Quarter     1,004,635       604,318       66.24       935,328       7.41  
  Cumulative Basis     1,608,953       —        —        1,552,019       3.67  

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

 

*

Represents the sum of interest income, fee and commission income, dividend income, insurance income, gain on financial assets and other operating income (excluding non-operating income).


Woori Bank’s Preliminary Financial Performance Figures

for the Second Quarter of 2026

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the quarter ended June 30, 2026, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

  2Q 2026     1Q 2026     % Change
Increase
(Decrease)
    2Q 2025     % Change
Increase
(Decrease)
 

Revenue*

  Specified Quarter     9,187,787       12,001,481       (23.44     12,255,206       (25.03
  Cumulative Basis     21,189,268       —        —        20,717,495       2.28  

Operating Income

  Specified Quarter     1,082,853       663,926       63.10       1,101,595       (1.70
  Cumulative Basis     1,746,779       —        —        1,916,653       (8.86

Income before Income Tax Expense

  Specified Quarter     1,063,006       681,621       55.95       1,131,835       (6.08
  Cumulative Basis     1,744,627       —        —        1,950,016       (10.53

Net Income

  Specified Quarter     842,782       521,799       61.51       916,702       (8.06
  Cumulative Basis     1,364,581       —        —        1,551,920       (12.07

Profit to the Equity Holders of the Parent Entity

  Specified Quarter     842,086       530,867       58.62       923,581       (8.82
  Cumulative Basis     1,372,953       —        —        1,557,693       (11.86

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

 

*

Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

Woori Financial Group Inc.

    (Registrant)
Date: July 24, 2026     By:  

/s/ Seong Min Kwak

      (Signature)
    Name:   Seong Min Kwak
    Title:   Deputy President