Woori Financial Group (NYSE: WF) posts Q1 2026 profit and capital data

Rhea-AI Filing Summary

Woori Financial Group reports first-quarter 2026 results, showing stable profitability and balance sheet strength. Net income was 639,433 million Won for the three months ended March 31, 2026, compared with 654,556 million Won a year earlier, while operating income was 808,155 million Won.

Total assets reached 612,585,300 million Won as of March 31, 2026, up from 601,457,286 million Won at year-end 2025. The consolidated BIS capital adequacy ratio improved to 16.63%, and the group non-performing loan ratio was 0.58% on total loans of 405,358 billion Won, indicating contained credit risk.

Profitability ratios softened, with return on assets including non-controlling interests at 0.42% and return on equity at 6.91% for 2026 year-to-date, versus 0.58% and 9.31% for 2025. For 2026, common shareholders received a cash dividend of 220 Won per share, implying a cash dividend payout ratio of 26.56%.

Key Figures

Net income Q1 2026: 639,433 million Won Net income Q1 2025: 654,556 million Won Total assets: 612,585,300 million Won +5 more

8 metrics

Net income Q1 2026 639,433 million Won Consolidated net income for three months ended March 31, 2026

Net income Q1 2025 654,556 million Won Consolidated net income for three months ended March 31, 2025

Total assets 612,585,300 million Won Consolidated total assets as of March 31, 2026

BIS capital adequacy ratio 16.63% Group capital adequacy ratio 2026 Q1

Group NPL ratio 0.58% Non-performing loan ratio 2026 Q1

ROE including non-controlling interests 6.91% Return on equity for 2026 year-to-date

Cash and cash equivalents 34,570,474 million Won Consolidated cash and cash equivalents as of March 31, 2026

Cash dividend per common share 220 Won Cash dividend per share for 2026 period in dividend table

Key Terms

BIS capital adequacy ratio, non-performing loans, liquidity coverage ratio, Korean International Financial Reporting Standards, +1 more

5 terms

BIS capital adequacy ratio financial

"BIS(Capital adequacy) ratio (A/B) | | | 16.63"

non-performing loans financial

"Non-Performing Loans (“NPL”) | | | 2,365"

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

liquidity coverage ratio financial

"Liquidity coverage ratio Note 1) | | | 110.18"

The liquidity coverage ratio is a banking rule that measures whether a bank has enough high-quality, easy-to-sell assets to cover expected net cash outflows for 30 days. Think of it as a household’s emergency fund that must cover a month of bills; for investors, a higher ratio means the bank is better positioned to survive short-term stress, reducing the risk of fire sales, funding problems, or sudden capital needs that can hurt the share price.

Korean International Financial Reporting Standards regulatory

"in accordance with Korean International Financial Reporting Standards (“K-IFRS”) No.1034"

net interest income financial

"Net interest income | | | 2,303,153"

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

Form 6-K: How Foreign Companies Report to the SEC →

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 May 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 ☐

Index

1. Summary of 2026 First Quarter Business Report

2. Exhibit 99.1 Woori Financial Group Review Report for 2026 1Q (Consolidated)

3. Exhibit 99.2 Woori Financial Group Review Report for 2026 1Q (Separate)

Summary of 2026 First Quarter Business Report

Table of Contents

I.    INTRODUCTION OF THE COMPANY			5
II.  BUSINESS OVERVIEW			5
1.   Results of Operations			5
2.   Funding Sources and Uses of Funds			5
3.   Other Information Necessary for Making Investment Decisions			6
III.  FINANCIAL INFORMATION			11
1.   Condensed Financial Statements (Consolidated)			11
2.   Condensed Financial Statements (Separate)			13
3.   Dividend Information			15
IV.  INDEPENDENT AUDITOR’S OPINION			16
1.   Independent Auditor’s Opinion			16
2.   Compensation to the Independent Auditor			16
V.  CORPORATE GOVERNANCE			17
VI.  SHAREHOLDER INFORMATION			18
1.   Share Distribution			18
2.   Stock Price and Stock Market Performance			19
VII.   DIRECTORS AND EMPLOYEE INFORMATION			19
1.   Directors and Executives			19
2.   Employee Status			20
3.   Directors’ Compensation			20
VIII. INTERNAL CONTROLS			20

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Financial Group,” “we,” “us” or the “Company” are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

4

I. Introduction of the Company

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

II. Business Overview

1. Results of Operations

(units: billions of Won)

Type		2026 1Q				2025				2024
Operating income			808				3,675				4,255
Non-operating income (expense)			40				415				(32	)
Income before income tax			848				4,090				4,223
Income tax expense (-)			209				863				1,051
Net income			639				3,228				3,171
Controlling Interest			604				3,124				3,086
Non-controlling Interest			35				103				85

Note 1) Based on K-IFRS consolidated financial statements.

2. Funding Sources and Uses of Funds

a. Sources of Funds

For the periods indicated other than as noted below																													(units: millions of Won, %)
Classification		Funding Source		2026 1Q												2025												2024
				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Source		Deposits			359,250,350				2.19				60.75				358,153,346				2.39				65.89				351,584,810				2.88				69.89
		Borrowings			27,001,356				3.05				4.57				26,198,268				3.32				4.82				28,000,803				4.09				5.57
		Debentures			54,507,182				3.45				9.22				50,418,543				3.62				9.28				43,989,333				4.00				8.74
		Others			111,673,423				—				18.88				72,335,906				—				13.31				44,591,752				—				8.86
		Total Liabilities			552,432,311				—				93.42				507,106,063				—				93.30				468,166,698				—				93.06
Total Equity					38,882,778				—				6.58				36,428,909				—				6.70				34,913,425				—				6.94
Total Liabilities & Equity					591,315,089				—				100.00				543,534,972				—				100.00				503,080,123				—				100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter.

Note 2) Based on K-IFRS consolidated financial statements.

5

b. Use of Funds

For the periods indicated other than as noted below																													(units: millions of Won, %)
Type		Managed Item		2026 1Q												2025												2024
				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Use		Cash & Due from Banks			23,109,030				2.32				3.91				19,225,891				2.97				3.54				18,441,851				3.38				3.67
		Marketable securities			130,540,206				3.01				22.08				97,528,721				3.34				17.94				76,997,821				3.53				15.31
		Loans			380,148,329				4.28				64.29				369,558,184				4.44				67.99				360,802,414				4.93				71.72
		Loans in local currency			325,206,419				4.02				55.00				318,053,470				4.16				58.52				309,771,603				4.65				61.58
		Loans in foreign currency			36,795,277				5.48				6.22				35,209,643				5.88				6.48				34,224,957				6.58				6.80
		Guarantee payments			21,968				0.39				0.00				11,092				1.44				0.00				11,571				1.96				0.00
		Credit card receivables			13,904,647				7.22				2.35				12,664,469				7.71				2.33				12,224,048				7.33				2.43
		Foreign bills bought			4,220,018				3.85				0.72				3,619,510				4.36				0.66				4,570,235				5.58				0.91
		Bad debt expense in local currency (-)			3,341,839				—				0.57				3,423,791				—				0.63				3,198,795				—				0.65
		Others			60,859,363				—				10.29				60,645,967				—				11.16				50,036,832				—				9.95
Total Assets					591,315,089				—				100.00				543,534,972				—				100.00				503,080,123				—				100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter.

Note 2) Based on K-IFRS consolidated financial statements.

3. Other Information Necessary for Making Investment Decisions

a. Capital Adequacy Ratios

Group BIS Capital Adequacy Ratios

As of the end of the period indicated (units: billions of Won, %)

Type		2026 1Q				2025				2024
Equity capital (A)			40,082				37,800				36,928
Risk weighted assets (B)			241,059				234,542				235,100
BIS(Capital adequacy) ratio (A/B)			16.63				16.12				15.71

Note 1) BIS (Bank for International Settlements) Capital Adequacy Ratio = Equity capital / Risk weighted assets * 100

Note 2) Based on K-IFRS consolidated financial statements and Basel III standards.

Note 3) 2026 1Q figures are preliminary and are subject to change.

6

Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies

As of the end of the periods indicated (units: hundreds of millions of Won, %)

Name of Company		Type				2026 1Q				2025				2024
Woori Bank Note 2)		BIS capital adequacy ratio Note 1)		Equity capital (A)			332,849				312,905				304,302
				Risk weighted assets (B)			1,907,756				1,861,435				1,920,087
				Capital adequacy ratio (A/B)			17.45				16.81				15.85
Tongyang Life Insurance Note 3)		Available capital					43,036				40,595				38,753
		Required capital					23,168				22,573				24,918
		K-ICS ratio Note 4)					185.8				179.8				155.5
Woori Card Note 5)		Adjusted capital ratio					17.54				17.26				17.70
		Tangible common equity ratio					12.21				12.06				12.37
Woori Financial Capital Note 5)		Adjusted capital ratio					15.37				15.77				15.09
		Tangible common equity ratio					12.92				13.18				11.83
Woori Investment Securities Note 6)		Net capital ratio					754.18				905.56				2,098.64
		Debt-to-asset ratio					113.31				114.53				119.41
ABL Life Insurance Note 3)		Available capital					21,222				20,049				16,701
		Required capital					12,619				11,782				10,868
		K-ICS ratio Note 4)					168.17				170.17				153.68
Woori Asset Trust Note 7)		Operating capital ratio					4,357.83				4,610.35				4,057.29
Woori Savings Bank Note 8)		BIS capital adequacy ratio Note 1)					16.54				16.74				16.37
Woori Asset Management Note 5)		Minimum operating capital ratio					649.50				721.18				739.31
Woori Venture Partners Note 9)		Tangible common equity ratio					91.19				92.63				95.70
Woori Private Equity Asset Management Note 5)		Minimum operating capital ratio					7,673.21				8,128.94				8,161.97

Note 1) BIS (Bank for International Settlements) capital adequacy ratio : Equity capital / Risk weighted assets * 100

Note 2) Figures for Woori Bank are based on K-IFRS consolidated financial statements and Basel III standards. 2026 1Q figures are preliminary and are subject to change.

Note 3) 2026 1Q figures are preliminary, and the final figures will be disclosed through Tongyang Life Insurance and ABL Life Insurance’s 2026 1Q quarterly reports, respectively.

Note 4) K-ICS ratio : Available capital / Required capital * 100.

Note 5) Figures for Woori Card, Woori Financial Capital, Woori Asset Management and Woori Private Equity Asset Management are based on the applicable standards for business reports submitted to the Financial Supervisory Service and their respective K-IFRS separate financial statements.

Note 6) Figures for Woori Investment Securities are calculated as follows:

   - Net capital ratio: (net operating capital – total risk amount) / required maintenance capital * 100 // based on the applicable standards for business reports submitted to the Financial Supervisory Service.

   - Debt-to-asset ratio: (actual assets) / (actual liability) * 100 // based on K-IFRS separate financial statements.

Note 7) Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.) / (total risk amount) * 100 // based on K-IFRS separate financial statements.

Note 8) Figures for Woori Savings Bank are based on K-GAAP.

Note 9) Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements.

7

b. Liquidity Ratios

Won Liquidity Ratios

As of the end of the periods indicated																											(units: millions of Won, %)
		2026 1Q												2025												2024
Type		Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio				Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio				Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio
Woori Financial Group Note 1)			1,841,627				885,962				207.9				34,847				15,292				227.9				353,835				10,905				3,244.7
Woori Card Note 2)			9,003,225				3,007,742				299.3				9,660,954				2,808,447				344.0				8,722,587				2,785,182				313.2
Woori Financial Capital Note 2)			1,793,408				1,077,003				166.5				1,444,834				1,162,263				124.3				1,850,758				1,317,695				140.5
Woori Investment Securities Note 3)			6,881,147				5,399,081				127.5				6,515,056				4,938,840				131.9				4,982,461				2,660,153				187.3
Woori Asset Trust Note 3)			157,685				11,015				1,431.6				153,241				10,214				1,500.3				258,758				9,311				2,779.2
Woori Savings Bank Note 3), Note 4)			443,613				376,063				118.0				410,196				351,853				116.6				344,437				216,143				159.4
Woori Venture Partners Note 2)			156,051				10,433				1,495.8				141,886				10,166				1,395.7				136,198				6,877				1,980.4
Woori Private Equity Asset Management Note 3)			19,919				4,743				420.0				20,452				3,354				609.8				16,011				2,912				549.8

Note 1) Based on current assets and liabilities within one month of maturity.

Note 2) Based on current assets and liabilities within 90 days of maturity.

Note 3) Based on current assets and liabilities within three months of maturity.

Note 4) Based on K-GAAP.

Insurance Liquidity Ratios

As of the end of the periods indicated																											(units: millions of Won, %)
Type		2026 1Q												2025												2024
		Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio				Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio				Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio
Tongyang Life Insurance Note 1)			4,273,036				953,639				448.1				3,742,951				842,985				444.0				4,157,512				915,959				453.9
ABL Life Insurance Note 1)			2,166,947				423,150				512.1				2,386,630				423,952				562.9				2,816,208				466,405				603.8

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service (within three months of maturity).

8

Foreign Currency (FC) Liquidity Ratios

As of the end of the periods indicated																											(units: millions of Won, %)
Type		2026 1Q												2025												2024
		FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio				FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio				FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio
Woori Investment Securities Note 1)			20,211				4,516				447.5				11,862				3,566				332.7				2,581				2,146				120.2

Note 1) Based on current assets and liabilities within three months of maturity.

Liquidity Coverage Ratios (LCR)

(units: %)

Name of Company		Type		2026 1Q				2025				2024
Woori Bank		Liquidity coverage ratio Note 1)			110.18				107.64				104.79
		Foreign currency liquidity coverage ratio Note 2)			186.54				160.56				184.29
		Ratio of business purpose premises and equipment			15.25 Note 4	)			9.42				9.95

Note 1) LCR: Average of daily ratios during a quarter (same as the calculation method used for business disclosure)

   -  The applicable LCR requirements were 100% as of March 31, 2026 and December 31, 2025, and 97.5% as of December 31, 2024, respectively.

Note 2) Foreign currency LCR: ratio calculated based on averages of the amount of each category (same as the calculation method used for business disclosure)

   -  The applicable foreign currency LCR requirement was 80% for all periods after 2022.

Note 3) The applicable periods for LCR and foreign currency LCR are: 1Q 2026, 4Q 2025 and 4Q 2024.

Note 4) Ratio calculated after reflecting the results of our asset revaluation.

c. Profitability Ratios Note1), Note2)

																			(units: %)
Type		2026 1Q								2025								2024
		ROA				ROE				ROA				ROE				ROA				ROE
Woori Financial Group
Including non-controlling interests			0.42				6.91				0.58				9.31				0.61				9.60
Excluding non-controlling interests			0.40				6.53				0.56				9.01				0.60				9.34

Note 1) Total assets and total equity : simple average of the starting balance for the fiscal year and the ending balance of each quarter.

Note 2) On an annualized basis, based on the applicable standards for business reports submitted to the Financial Supervisory Service.

9

d. Asset Quality

Group Asset Quality

(units: billions of Won, %)

Type		2026 1Q				2025				2024
Total loans			405,358				399,970				390,066
Substandard and below loans			2,757				2,517				2,211
Substandard and below loans ratio			0.68				0.63				0.57
Non-Performing Loans (“NPL”)			2,365				2,172				1,786
NPL ratio			0.58				0.54				0.46
Substandard and below coverage ratio (A/B)			124.8				129.9				153.0
Loan loss reserve (A)			3,439				3,268				3,382
Substandard and below loans (B)			2,757				2,517				2,211

Note 1) Based on the applicable standards for financial holding company business reports submitted to the Financial Supervisory Service.

Note 2) 2026 1Q figures are preliminary and are subject to change.

Asset Quality for Significant Subsidiaries and Consolidated Companies

(units: % )

Type		2026 1Q												2025												2024
		Substandard and below ratio				NPL ratio				Substandard and below coverage ratio				Substandard and below ratio				NPL ratio				Substandard and below coverage ratio				Substandard and below ratio				NPL ratio				Substandard and below coverage ratio
Woori Bank Note 1)			0.33				0.26				161.11				0.31				0.25				172.55				0.23				0.19				247.44
Woori Card Note 2)			1.45				—				103.56				1.23				—				104.03				1.07				—				105.46
Woori Financial Capital Note 2)			2.06				—				107.02				1.93				—				111.48				1.91				—				134.18
Woori Investment Securities Note 2), Note 3)			8.55				—				44.38				6.23				—				69.21				7.29				—				84.37
Woori Asset Trust Note 2)			74.52				—				—				74.04				—				—				77.68				—				—
Woori Savings Bank Note 2), Note 4)			5.73				—				75.20				6.86				—				72.31				9.82				—				77.43

Note 1) Based on K-IFRS separate financial statements.

Note 2) Based on the applicable standards for business reports submitted to the Financial Supervisory Service.

Note 3) Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and Woori Investment Bank.

Note 4) Based on K-GAAP.

10

(units: % )

Type Note1)		2026 1Q				2025				2024
		Risk-Weighted Non-Performing Asset Ratio				Risk-Weighted Non-Performing Asset Ratio				Risk-Weighted Non-Performing Asset Ratio
Tongyang Life Insurance			0.11				0.14				0.08
ABL Life Insurance			0.13				0.14				0.23

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service

III. Financial Information

1. Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position

(The Company and its consolidated subsidiaries, as of the end of the periods indicated)							(units: millions of Won)
Classification		2026 1Q				2025				2024
ASSETS
Cash and cash equivalents			34,570,474				38,499,679				27,281,123
Financial assets at fair value through profit or loss (“FVTPL”)			37,038,061				34,245,475				25,202,672
Financial assets at fair value through other comprehensive income			81,760,313				83,499,522				43,797,745
Securities at amortized cost			18,767,880				18,707,459				19,203,177
Loans and other financial assets at amortized cost			424,243,666				412,495,783				398,471,816
Investments in joint ventures and associates			1,799,458				2,080,008				1,748,810
Reinsurance contracts			587,391				620,207				—
Investment properties			1,022,407				998,854				450,788
Premises and equipment			6,013,187				3,780,817				3,370,585
Intangible assets and goodwill			1,062,358				1,056,647				1,091,402
Assets held for sale			406,452				168,491				73,989
Net defined benefit asset			11,390				20,558				146,109
Current tax assets			260,281				228,229				61,613
Deferred tax assets			365,576				413,649				72,937
Derivative assets (designated for hedging)			150,822				217,180				175,191
Other assets			4,525,584				4,424,728				4,605,363
Total assets			612,585,300				601,457,286				525,753,320
LIABILITIES
Financial liabilities at FVTPL			8,678,213				6,356,934				9,896,597
Deposits due to customers			372,424,821				376,580,845				366,821,156
Borrowings			34,659,852				34,183,267				30,117,031
Debentures			53,430,972				55,583,392				48,207,103

11

Classification		2026 1Q				2025				2024
Insurance contracts			43,597,894				45,573,864				—
Reinsurance contracts			180,461				184,792				—
Investment contract liabilities			3,378,712				3,433,611				—
Provisions			788,615				790,733				611,428
Net defined benefit liability			131,926				115,091				5,424
Current tax liabilities			751,455				723,368				127,126
Deferred tax liabilities			1,200,756				504,828				858,822
Derivative liabilities (designated for hedging)			1,110,170				615,361				102,815
Other financial liabilities			51,463,258				38,118,058				32,314,051
Other liabilities			881,887				833,894				796,498
Total liabilities			572,678,992				563,598,038				489,858,051
EQUITY
Owners’ equity:			38,008,000				36,017,339				34,096,836
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,710,454				3,710,498				3,810,435
Capital surplus			933,168				933,436				934,100
Other equity			764,168				(1,219,327	)			(1,400,885	)
Retained earnings			28,797,534				28,790,056				26,950,510
Non-controlling interests			1,898,308				1,841,909				1,798,433
Total equity			39,906,308				37,859,248				35,895,269
Total liabilities and equity			612,585,300				601,457,286				525,753,320
Number of Consolidated Subsidiaries (excluding holding company)			204				203				188

Summary Consolidated Statement of Comprehensive Income

(The Company and its consolidated subsidiaries, for the periods indicated)			(units: millions of Won, except per share amounts)
Classification		2026 1Q				2025 1Q				2025				2024
Operating income			808,155				869,263				3,674,808				4,255,190
Net interest income			2,303,153				2,251,991				9,030,769				8,886,336
Net fees and commissions income			576,830				511,434				2,160,404				2,086,170
Dividend income			140,732				69,824				484,465				310,320
Net insurance income			67,557				—				103,871				—
Other insurance finance income and expenses			(197,305	)			—				(378,130	)			—
Net gain or loss on financial instruments at FVTPL			439,251				202,368				725,939				1,492,783
Net gain or loss on financial assets at FVTOCI			10,703				33,257				130,620				96,620
Net gain or loss arising on financial assets at amortized cost			8,885				19,805				107,667				286,885

12

Classification		2026 1Q				2025 1Q				2025				2024
Impairment losses due to credit loss			(526,782	)			(435,501	)			(2,102,814	)			(1,716,295	)
General and administrative expenses			(1,422,809	)			(1,306,172	)			(5,179,621	)			(4,468,973	)
Other net operating expenses			(592,060	)			(477,743	)			(1,408,362	)			(2,718,656	)
Non-operating income (expenses)			40,037				(4,668	)			415,358				(32,343	)
Net income before income tax expense			848,192				864,595				4,090,166				4,222,847
Income tax expense			(208,759	)			(210,039	)			(862,658	)			(1,051,378	)
Net income			639,433				654,556				3,227,508				3,171,469
Net income attributable to owners			604,318				616,691				3,124,346				3,085,995
Net income attributable to the non-controlling interests			35,115				37,865				103,162				85,474
Other comprehensive income (loss), net of tax			2,140,792				(32,223	)			176,770				382,719
Items that will not be reclassified to profit or loss			1,814,937				(86,879	)			90,547				(200,341	)
Items that may be reclassified to profit or loss			325,855				54,656				86,223				583,060
Total comprehensive income			2,780,225				622,333				3,404,278				3,554,188
Comprehensive income attributable to the owners			2,688,133				588,070				3,251,616				3,454,620
Comprehensive income attributable to non-controlling interests			92,092				34,263				152,662				99,568
Net income per share:
Basic and diluted income per share (in Korean Won)			774				781				4,052				3,950

2. Condensed Financial Statements (Separate)

Summary Statement of Financial Position

(The Company, as of the end of the periods indicated) (units: millions of Won)

Classification		2026 1Q				2025				2024
ASSETS
Cash and cash equivalents			1,485,933				489,321				1,185,912
Financial assets at fair value through other comprehensive income			551,861				558,162				553,518
Loans and other financial assets at amortized cost			867,389				707,142				204,431
Investments in subsidiaries			25,599,124				25,597,495				24,206,017
Premises and equipment			3,861				4,763				5,304
Intangible assets			3,086				2,961				3,308
Net defined benefit asset			440				2,108				1,378
Current tax assets			34,247				26,295				33,120
Deferred tax assets			6,743				5,810				4,379
Other assets			430				315				155,670
Total assets			28,553,114				27,394,372				26,353,037
LIABILITIES

13

Classification		2026 1Q				2025				2024
Debentures			2,717,637				2,667,525				2,037,567
Provisions			1,559				1,897				1,252
Current tax liabilities			708,717				673,217				84,701
Other financial liabilities			681,374				95,822				76,382
Other liabilities			3,563				5,967				404
Total liabilities			4,112,850				3,444,428				2,200,306
EQUITY
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,710,228				3,710,228				3,810,225
Capital surplus			8,120,236				8,120,236				11,120,236
Other equity			(103,329	)			2,607				(1,189	)
Retained Earnings			8,910,453				8,314,197				5,420,783
Total equity			24,440,264				23,949,944				24,152,731
Total liabilities and equity			28,553,114				27,394,372				26,353,037

Summary Statement of Comprehensive Income

(The Company, for the periods indicated) (units: millions of Won, except per share amounts)

Classification		2026 1Q				2025 1Q				2025				2024
Operating income			1,195,951				1,397,416				1,294,715				1,123,301
Net interest income (expense)			(15,891	)			(8,203	)			(44,526	)			2,128
Interest income			2,990				8,610				28,296				51,778
Interest expense			(18,881	)			(16,813	)			(72,822	)			(49,650	)
Net fees and commissions loss			(7,017	)			(4,781	)			(26,879	)			(20,319	)
Fees and commissions income			443				459				1,816				1,625
Fees and commissions expense			(7,460	)			(5,240	)			(28,695	)			(21,944	)
Dividend income			1,243,373				1,429,225				1,448,486				1,208,522
Reversal (Provision) of impairment losses due to credit loss			(655	)			(404	)			56				608
General and administrative expenses			(23,859	)			(18,421	)			(82,422	)			(67,638	)
Non-operating expenses			—				(6	)			(170,511	)			(147	)
Net income before income tax expense			1,195,951				1,397,410				1,124,204				1,123,154
Income tax benefit (expense)			(1,008	)			(1,345	)			2,836				178
Net income			1,194,943				1,396,065				1,127,040				1,123,332
Other comprehensive income, net of tax			(5,118	)			1,726				3,562				9,138
Items that will not be reclassified to profit or loss			(5,118	)			1,726				3,562				9,138
Net gain on valuation of equity securities at FVTOCI			(4,569	)			2,686				3,328				10,164

14

Classification		2026 1Q				2025 1Q				2025				2024
Remeasurement of the net defined benefit liability			(549	)			(960	)			234				(1,026	)
Total comprehensive Income			1,189,825				1,397,791				1,130,602				1,132,470
Net Income per share:
Basic and diluted income per share (in Korean Won)			1,577				1,828				1,326				1,296

3. Dividend Information

Dividend Data for the Past 3 Years – Key Indicators

Items				2026 1Q				2025				2024
Par value per share (Won)					5,000				5,000				5,000
Net profit (Millions of Won)					604,318				3,124,346				3,085,995
Earnings per share (Won)					774				4,052				3,950
Total cash dividends (Millions of Won)					160,527				998,468				891,045
Total stock dividends (Millions of Won)					—				—				—
Cash dividend payout ratio (%)					26.56				31.96				28.87
Cash dividend yield (%)		Common Shares			0.6				4.4				6.9
		Preferred Shares			—				—				—
Stock dividend yield (%)		Common Shares			—				—				—
		Preferred Shares			—				—				—
Cash dividend per share (Won)		Common Shares			220				1,360				1,200
		Preferred Shares			—				—				—
Stock dividend per share (Share)		Common Shares			—				—				—
		Preferred Shares			—				—				—

Note 1) The dividends for the first quarter of 2026 were KRW 160,527 million (KRW 220 per share), as determined through a board resolution on April 24, 2026.

Note 2) The dividends for FY2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter, KRW 146,804 million (KRW 200 per share) for the second quarter and KRW 146,804 million (KRW 200 per share) for the third quarter.

Note 3) The dividends for FY2024 include quarterly dividends of KRW 133,657 million (KRW 180 per share) for the first quarter, KRW 133,657 million (KRW 180 per share) for the second quarter, and KRW 133,657 million (KRW 180 per share) for the third quarter.

Note 4) The cash dividend yields for the first quarter of 2026 and FY2025 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the trading day before the date the dividend amount is determined. The percentage is rounded to the first decimal place.

Note 5) The cash dividend yields for FY2024 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.

15

IV. Independent Auditor’s Opinion

1. Independent Auditor’s Opinion

		2026 1Q		2025		2024
Auditor		KPMG Samjong Accounting Corp.		KPMG Samjong Accounting Corp.		KPMG Samjong Accounting Corp.
Auditor’s Opinion		Note 1)		Note 2)		Note 3)

Note 1) In its review report attached to this report, KPMG Samjong Accounting Corp. has stated that nothing had come to their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of Woori Financial Group are not presented fairly in all material respects, in accordance with Korean IFRS.

Note 2) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

Note 3) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

2. Compensation to the Independent Auditor

a. Audit Services

Term

Auditor

Description

Contractual

Actual

Fee

Time

Fee

Time

2026 1Q

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,049 million

10,009 hours

KRW 206 million

1,442 hours

2025

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,835 million

17,029 hours

KRW 1,835 million

17,052 hours

2024

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,037 million

9,930 hours

KRW 1,037 million

9,937 hours

Note 1) Fee excludes VAT

Note 2) Time includes planning time up until the commencement of the applicable services

b. Other Audit Services

Not Applicable

16

c. Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing

Term		Auditor		Description		Fee
2026 1Q		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2026)			KRW 2,302 million
2025		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2025)			KRW 2,028 million
2024		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2024)			KRW 2,015 million

Note 1) Fee excludes VAT

d. Non-Audit Services

Term		Date of Execution of Agreement		Description of Service		Service Term		Fees
2026 1Q		April 9, 2026		Tax adjustment (including review relating to application of consolidated tax)		April 9, 2026 ~ May 31, 2027		KRW 79 million
2025		April 9, 2025		Tax adjustment (including review relating to application of consolidated tax)		April 9, 2025 ~ June 1, 2026		KRW 76 million
2024		March 31, 2024		Tax adjustment (including review relating to application of consolidated tax)		April 1, 2024 ~ June 2, 2025		KRW 68 million

Note 1) Fee excludes VAT

V. Corporate Governance

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

17

VI. Shareholder Information

1. Share Distribution

a. Share Information of the Largest Shareholder and Specially Related Parties

As of March 31, 2026 (units: shares, %)

								Shares Held																Notes
Name		Relation		Type				Beginning balance								Ending balance
								Number				Share				Number				Share
Employee Stock Ownership Association of Woori Financial Group		The largest shareholder			Common				42,182,950				5.75				40,309,369				5.49				—
Employee Stock Ownership Association of Woori Bank		Specially related party of the largest shareholder			Common				14,753,107				2.01				13,479,191				1.84				—
Total					Common				56,936,057				7.76				53,788,560				7.33				—
					Others				—				—				—				—				—

b. Changes in the largest shareholder

As of March 31, 2026 (units: shares, %)

Date of Change

Largest Shareholder

Number Held

Share

Reason for Change

December 9, 2021

Employee Stock Ownership Association of Woori Financial Group and 1 other

71,346,178

9.80

Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)

Note 1) Refer to the prior disclosure on the Form 6-K on December 10, 2021 titled “Changes in the Largest Shareholder.”

c. Share Ownership of More Than 5%

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

18

2. Stock Price and Stock Market Performance

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

VII. Directors and Employee Information

1. Directors and Executives

As of March 31, 2026 (units: shares)

Position

Name

Common Shares Owned

Term Commencement Date

Expiration of Term

Chief Executive Officer

Registered

Jong-Yong Yim

10,000

March 24, 2023

Note 1)

Independent Director

Registered

In-Sub Yoon

—

January 27, 2022

Note 2)

Independent Director

Registered

Choon-Soo Kim

2,800

March 26, 2025

Note 2)

Independent Director

Registered

Young-Hoon Kim

—

March 26, 2025

Note 2)

Independent Director

Registered

Kang-Haeng Lee

7,000

March 26, 2025

Note 2)

Independent Director

Registered

Yeong-Seop Rhee

—

March 26, 2025

Note 2)

Independent Director

Registered

Yong-Geon Jung

—

March 23, 2026

Note 3)

Independent Director

Registered

Jung-Hye Ryu

—

March 23, 2026

Note 3)

President

Non-Registered

Jeong-Soo Lee

6,890

February 27, 2026

December 31, 2026

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2026

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2026

Deputy President

Non-Registered

Seong-Min Kwak

3,692

January 15, 2026

December 31, 2027

Managing Director

Non-Registered

Jung-Sup Lee

—

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Je-Seong Park

5,250

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Byung-Gyu Kim

—

January 15, 2026

December 31, 2027

Managing Director

Non-Registered

Won-Myung Ko

—

January 15, 2026

January 14, 2028

Managing Director

Non-Registered

Yeon-Ho Park

—

February 27, 2026

December 31, 2027

Note 1) The terms of standing director Jong-Yong Yim: Until the end of the annual general meeting of shareholders in FY2029.

Note 2) The terms of independent directors In-Sub Yoon, Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee and Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders in FY2027.

Note 3) The terms of independent directors Yong-Geon Jung and Jung-Hye Ryu: Until the end of the annual general meeting of shareholders in FY2028.

Note 4) Common shares owned by executive officers excludes shares held through the Employee Stock Ownership Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).

Note 5) Term commencement date: date of inauguration for registered officers or directors / date of appointment of current position for non-registered officers or directors.

19

2. Employee Status

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

3. Directors’ Compensation

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

VIII. Internal Controls

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

20

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: May 15, 2026				By:		/s/ Seong Min Kwak
						(Signature)
						Name: Seong Min Kwak
						Title: Deputy President

21

Exhibit 99.1

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

WOORI FINANCIAL GROUP INC.

		Page(s)
Independent Auditors’ Review Report			1-2
Consolidated Interim Financial Statements
Consolidated Interim Statements of Financial Position			4
Consolidated Interim Statements of Comprehensive Income			5-6
Consolidated Interim Statements of Changes in Equity			7
Consolidated Interim Statements of Cash Flows			8-9
Notes to the Consolidated Interim Financial Statements			10-127

Independent Auditors’ Review Report

Based on a report originally issued in Korean

To the Board of Directors and Shareholders of Woori Financial Group Inc.

Reviewed Financial Statements

We have reviewed the accompanying condensed consolidated interim financial statements of Woori Financial Group Inc. and its subsidiaries (collectively the “Group”), which comprise the condensed consolidated interim statement of financial position as of March 31, 2026, the condensed consolidated interim statements of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026 and 2025 and notes, comprising of material accounting policy information and other explanatory information.

Management’s Responsibility

Management is responsible for the preparation and fair presentation of these condensed consolidated interim financial statements in accordance with Korean International Financial Reporting Standards (“K-IFRS”) No.1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Review Responsibility

Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our review.

We conducted our review in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 Interim Financial Reporting.

Other Matters

The consolidated statement of financial position of the Group as of December 31, 2025, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and our report thereon, dated March 4, 2026, expressed an unqualified opinion. The accompanying consolidated statement of financial position of the Group as of December 31, 2025, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

- 1 -

The procedures and practices utilized in the Republic of Korea to review such condensed consolidated interim financial statements may differ from those generally accepted and applied in other countries.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

May 15, 2026

This report is effective as of May 15, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed consolidated interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

- 2 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

The accompanying consolidated interim financial statements including all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

Jong Yong Yim

President and Chief Executive Officer

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

- 3 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

AS OF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025

		March 31, 2026				December 31, 2025
		(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 4 and 6)			34,570,474				38,499,679
Financial assets at fair value through profit or loss (“FVTPL”) (Notes 4, 7, 11, and 21)			37,038,061				34,245,475
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 4, 8, and 11)			81,760,313				83,499,522
Securities at amortized cost (Notes 4, 9, and 11)			18,767,880				18,707,459
Loans and other financial assets at amortized cost (Notes 4, 10, 11, and 35)			424,243,666				412,495,783
Investments in joint ventures and associates (Note 12)			1,799,458				2,080,008
Reinsurance contract assets (Note 17)			587,391				620,207
Investment properties			1,022,407				998,854
Premises and equipment			6,013,187				3,780,817
Intangible assets			1,062,358				1,056,647
Assets held for sale			406,452				168,491
Net defined benefit asset (Note 19)			11,390				20,558
Current tax assets			260,281				228,229
Deferred tax assets			365,576				413,649
Derivative assets (Designated for hedging) (Notes 4,11 and 21)			150,822				217,180
Other assets (Notes 13 and 35)			4,525,584				4,424,728
Total assets			612,585,300				601,457,286
LIABILITIES
Financial liabilities at fair value through profit or loss (“FVTPL”) (Notes 4, 11, 14 and 21)			8,678,213				6,356,934
Deposits due to customers (Notes 4,11,15 and 35)			372,424,821				376,580,845
Borrowings (Notes 4, 11 and 16)			34,659,852				34,183,267
Debentures (Notes 4, 11 and 16)			53,430,972				55,583,392
Insurance contract liabilities (Note 17)			43,597,894				45,573,864
Reinsurance contract liabilities (Note 17)			180,461				184,792
Investment contract liabilities (Notes 4 and 11)			3,378,712				3,433,611
Provisions (Notes 18, 34 and 35)			788,615				790,733
Net defined benefit liability (Note 19)			131,926				115,091
Current tax liabilities			751,455				723,368
Deferred tax liabilities			1,200,756				504,828
Derivative liabilities (Designated for hedging) (Notes 4,11 and 21)			1,110,170				615,361
Other financial liabilities (Notes 4, 11, 20 and 35)			51,463,258				38,118,058
Other liabilities (Notes 20 and 35)			881,887				833,894
Total liabilities			572,678,992				563,598,038
EQUITY
Owners’ equity (Note 22)
Capital stock			3,802,676				3,802,676
Hybrid securities			3,710,454				3,710,498
Capital surplus			933,168				933,436
Other equity			764,168				(1,219,327	)
Retained earnings			28,797,534				28,790,056
			38,008,000				36,017,339
Non-controlling interests			1,898,308				1,841,909
Total equity			39,906,308				37,859,248
Total liabilities and equity			612,585,300				601,457,286

The accompanying notes are part of these condensed consolidated interim financial statements.

- 4 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
		(Korean Won in millions)
Interest income			5,395,795				5,305,169
Financial assets at FVTPL			79,791				55,959
Financial assets at FVTOCI			650,978				351,396
Financial assets at amortized cost			4,659,319				4,897,814
Insurance finance			5,707				—
Interest expense			(3,092,642	)			(3,053,178	)
Financial liabilities at amortized cost			(2,699,053	)			(3,053,178	)
Insurance finance			(393,589	)			—
Net interest income (Notes 24 and 35)			2,303,153				2,251,991
Fees and commissions income			789,745				708,971
Fees and commissions expense			(212,915	)			(197,537	)
Net fees and commissions income (Notes 25 and 35)			576,830				511,434
Dividend income (Notes 26 and 35)			140,732				69,824
Insurance income			545,632				—
Insurance			528,420				—
Reinsurance			17,212				—
Insurance service expense			(478,075	)			—
Insurance service			(458,718	)			—
Reinsurance service			(19,357	)			—
Net insurance income (Note 17)			67,557				—
Other insurance finance income and expenses (Note 17)			(197,305	)			—
Net gain on financial instruments at FVTPL (Notes 27)			439,251				202,368
Net gain on financial assets at FVTOCI (Notes 28)			10,703				33,257
Net gain arising on financial assets at amortized cost			8,885				19,805
Impairment losses due to credit loss (Notes 29 and 35)			(526,782	)			(435,501	)
General and administrative expense (Notes 30 and 35)			(1,422,809	)			(1,306,172	)
Other net operating expense (Notes 21, 30 and 35)			(592,060	)			(477,743	)
Operating income (Note 5)			808,155				869,263
Share of gain of joint ventures and associates (Note 12)			28,763				10,035
Other non-operating income and expense			11,274				(14,703	)
Non-operating income and expense (Note 31)			40,037				(4,668	)
Net income before income tax expense			848,192				864,595
Income tax expense (Note 32)			(208,759	)			(210,039	)
Net income			639,433				654,556
Net gain(loss) on valuation of equity securities at FVTOCI			35,095				28,987
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			(80	)			26
Changes in capital due to equity method			1,096				(1,110	)
Remeasurement gain(loss) related to defined benefit plan			(17,652	)			(114,782	)
Gain on revaluation of premises and equipment			1,796,478				—
Items that will not be reclassified to profit or loss:			1,814,937				(86,879	)
Net gain(loss) on valuation of debt securities at FVTOCI			(1,457,453	)			49,642
Changes in capital due to equity method			6,266				1,486
Net gain(loss) on foreign currency translation of foreign operations			282,617				(425	)
Net gain(loss) on valuation of hedges of net investments in foreign operations			(49,170	)			2,226

(Continued)

- 5 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
Net gain(loss) on valuation of cash flow hedge			(110,462	)			1,727
Net financial gain on insurance contract assets (liabilities)			1,671,497				—
Net financial loss on reinsurance contract assets (liabilities)			(17,440	)			—
Items that may be reclassified to profit or loss:			325,855				54,656
Other comprehensive income (loss), net of tax			2,140,792				(32,223	)
Total comprehensive income			2,780,225				622,333
Net income attributable to:			639,433				654,556
Net income attributable to owners			604,318				616,691
Net income attributable to non-controlling interests			35,115				37,865
Total comprehensive income attributable to:			2,780,225				622,333
Comprehensive income attributable to owners			2,688,133				588,070
Comprehensive income attributable to non-controlling interests			92,092				34,263
Earnings per share (Note 33)
Basic and diluted earnings per share (Unit: In Korean Won)			774				781

The accompanying notes are part of these condensed consolidated interim financial statements.

- 6 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		Capital Stock				Hybrid securities				Capital surplus				Other equity				Retained earnings				Owners’ equity in total				Non- controlling interests				Total equity
		(Korean Won in millions)
January 1, 2025			3,802,676				3,810,435				934,100				(1,400,885	)			26,950,510				34,096,836				1,798,433				35,895,269
Total comprehensive income
Net income			—				—				—				—				616,691				616,691				37,865				654,556
Net gain on valuation of financial instruments at FVTOCI			—				—				—				78,514				—				78,514				115				78,629
Net gain(loss) due to disposal of equity securities at FVTOCI			—				—				—				996				(996	)			—				—				—
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			—				—				—				26				—				26				—				26
Changes in capital due to equity method			—				—				—				376				—				376				—				376
Gain(loss) on foreign currency translation of foreign operations			—				—				—				3,295				—				3,295				(3,720	)			(425	)
Gain(loss) on valuation of hedges of net investments in foreign operations			—				—				—				2,226				—				2,226				—				2,226
Gain on valuation of cash flow hedge			—				—				—				1,727				—				1,727				—				1,727
Remeasurement loss related to defined benefit plan			—				—				—				(114,785	)			—				(114,785	)			3				(114,782	)
Transactions with owners
Dividends to common stocks			—				—				—				—				(488,076	)			(488,076	)			(992	)			(489,068	)
Changes in treasury stocks			—				—				—				(25,641	)			—				(25,641	)			—				(25,641	)
Dividends to hybrid securities			—				—				—				—				(39,506	)			(39,506	)			(36,457	)			(75,963	)
Redemption of hybrid securities			—				(399,092	)			—				(908	)			—				(400,000	)			—				(400,000	)
Transfer of redemption loss of hybrid securities to retained earnings			—				—				—				2,456				(2,456	)			—				—				—
Changes in subsidiaries’ capital			—				—				—				49,742				(49,742	)			—				—				—
Others			—				—				—				—				(3,906	)			(3,906	)			(22	)			(3,928	)
March 31, 2025 (Unaudited)			3,802,676				3,411,343				934,100				(1,402,861	)			26,982,519				33,727,777				1,795,225				35,523,002
January 1, 2026			3,802,676				3,710,498				933,436				(1,219,327	)			28,790,056				36,017,339				1,841,909				37,859,248
Total comprehensive income
Net income			—				—				—				—				604,318				604,318				35,115				639,433
Net gain on valuation of financial instruments at FVTOCI			—				—				—				(1,266,238	)			—				(1,266,238	)			(156,162	)			(1,422,400	)
Net gain(loss) due to disposal of equity securities at FVTOCI			—				—				—				(149	)			149				—				42				42
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			—				—				—				(80	)			—				(80	)			—				(80	)
Changes in capital due to equity method			—				—				—				7,593				(231	)			7,362				—				7,362
Gain(loss) on foreign currency translation of foreign operations			—				—				—				277,221				—				277,221				5,396				282,617
Loss on valuation of hedges of net investments in foreign operations			—				—				—				(49,170	)			—				(49,170	)			—				(49,170	)
Gain on valuation of cash flow hedge			—				—				—				(85,338	)			—				(85,338	)			(25,124	)			(110,462	)
Remeasurement loss related to defined benefit plan			—				—				—				(16,823	)			—				(16,823	)			(829	)			(17,652	)
Net financial gain on insurance contract assets (liabilities)			—				—				—				1,433,518				—				1,433,518				237,979				1,671,497
Net financial loss on reinsurance contract assets (liabilities)			—				—				—				(11,880	)			—				(11,880	)			(5,560	)			(17,440	)
Gain on revaluation of premises and equipment			—				—				—				1,795,243				—				1,795,243				1,235				1,796,478
Transactions with owners
Dividends to common stocks			—				—				—				—				(555,130	)			(555,130	)			(7	)			(555,137	)
Changes in treasury stocks			—				—				—				(103,040	)			—				(103,040	)			—				(103,040	)
Dividends to hybrid securities			—				—				—				—				(39,034	)			(39,034	)			(34,325	)			(73,359	)
Transfer of redemption loss of hybrid securities to retained earnings			—				—				—				2,222				(2,222	)			—				—				—
Changes in subsidiaries’ capital			—				—				(40	)			416				(416	)			(40	)			40				—
Others			—				(44	)			(228	)			—				44				(228	)			(1,401	)			(1,629	)
March 31, 2026 (Unaudited)			3,802,676				3,710,454				933,168				764,168				28,797,534				38,008,000				1,898,308				39,906,308

The accompanying notes are part of these condensed consolidated interim financial statements.

- 7 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
		(Korean Won in millions)
Cash flows from operating activities :
Net income			639,433				654,556
Adjustments to net income:
Income tax expense			208,759				210,039
Interest income			(5,395,795	)			(5,305,169	)
Interest expense			3,092,642				3,053,178
Dividend income			(140,732	)			(69,824	)
			(2,235,126	)			(2,111,776	)
Additions of expenses not involving cash outflows:
Insurance service expense			478,075				—
Other insurance finance expense			197,968				—
Loss on financial assets at FVTOCI			4,509				18
Impairment loss due to credit loss			526,782				435,501
Loss on other provisions			4,353				2,400
Retirement benefit			38,432				36,183
Depreciation and amortization			318,029				309,434
Net loss on foreign currency translation			51,482				20,345
Loss on derivatives (designated for hedge)			196,022				3,734
Loss on fair value hedge			10,047				45,158
Loss on valuation of investments in joint ventures and associates			12,268				6,190
Loss on disposal of investments in joint ventures and associates			29				191
Loss on disposal of premises and equipment, intangible assets and other assets			3,722				387
Impairment loss on premises and equipment, intangible assets and other assets			371				282
Loss on revaluation of premises and equipment			6,838				—
Other losses			275				9,038
			1,849,202				868,861
Deductions of income not involving cash inflows:
Insurance income			545,632				—
Other insurance finance income			663				—
Gain on financial instruments at FVTPL			368,955				373,656
Gain on financial assets at FVTOCI			15,212				33,275
Gain on other provisions			4,668				297
Gain on derivatives (designated for hedge)			61,854				59,068
Gain on fair value hedge			32,679				2,067
Gain on valuation of investments in joint ventures and associates			41,031				16,226
Gain on disposal of investments in joint ventures and associates			17,512				16
Gain on disposal of premises and equipment, intangible assets and other assets			1,478				375
Reversal of impairment loss on premises and equipment, intangible assets and other assets			705				20
			1,090,389				485,000
Changes in operating assets and liabilities:
Reinsurance contract assets			41,278				—
Financial instruments at FVTPL			(67,206	)			669,055
Loans and other financial assets at amortized cost			(9,257,089	)			(11,084,919	)
Other assets			(253,136	)			(197,519	)
Insurance contract liabilities			(247,209	)			—
Reinsurance contract liabilities			(33,967	)			—
Investment contract liabilities			(117,888	)			—
Deposits due to customers			(7,026,750	)			1,592,216
Provisions			(4,748	)			26,495
Net defined benefit liability			(37,823	)			(12,886	)
Other financial liabilities			12,660,513				7,407,502
Other liabilities			42,607				32,374
			(4,301,418	)			(1,567,682	)

(Continued)

- 8 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
		(Korean Won in millions)
Interest income received			5,209,555				5,249,474
Interest expense paid			(3,142,485	)			(2,966,081	)
Dividends received			120,294				55,405
Income tax paid			(162,621	)			(107,726	)
			2,024,743				2,231,072
Net cash outflow from operating activities			(3,113,555	)			(409,969	)
Cash flows from investing activities
Net cash out-flows from hedging activities			(55,875	)			—
Disposal of financial instruments at FVTPL			4,700,111				3,211,629
Acquisition of financial instruments at FVTPL			(4,532,492	)			(3,599,755	)
Disposal of financial assets at FVTOCI			13,120,715				8,735,912
Acquisition of financial assets at FVTOCI			(12,250,481	)			(7,893,050	)
Redemption of securities at amortized cost			977,562				1,167,352
Acquisition of securities at amortized cost			(956,205	)			(1,005,252	)
Net cash flows from changes in subsidiaries			(43,409	)			(154,953	)
Disposal of investments in joint ventures and associates			407,041				17,773
Acquisition of investments in joint ventures and associates			(296,405	)			(31,525	)
Disposal of investment properties			300				—
Disposal of premises and equipment			689				424
Acquisition of premises and equipment			(44,031	)			(21,559	)
Disposal of intangible assets			54				34
Acquisition of intangible assets			(46,879	)			(55,797	)
Disposal of assets held for sale			2,717				1
Net increase(decrease) of other assets			1,402				20,298
Net cash inflow from investing activities			984,814				391,532
Cash flows from financing activities:
Net cash in(out)-flows from hedging activities			96,842				32,863
Net increase(decrease) in borrowings			(271,216	)			189,432
Issuance of debentures			10,367,400				5,577,523
Redemption of debentures			(12,829,684	)			(6,920,431	)
Redemption of lease liabilities			(75,731	)			(74,383	)
Net increase of other liabilities			663				(116	)
Acquisition of treasury stocks			(103,040	)			(20,673	)
Redemption of hybrid securities			—				(400,000	)
Dividends paid to hybrid securities			(73,359	)			(75,963	)
Dividends paid to non-controlling interest			(7	)			(992	)
Changes in non-controlling interests			(1,630	)			—
Net increase(decrease) in non-controlling equity liabilities			—				375
Net cash outflow from financing activities			(2,889,762	)			(1,692,365	)
Effects of exchange rate changes on cash and cash equivalents			1,089,298				37,190
Net increase(decrease) in cash and cash equivalents			(3,929,205	)			(1,673,612	)
Cash and cash equivalents, beginning of the period			38,499,679				27,281,123
Cash and cash equivalents, end of the Period (Note 6)			34,570,474				25,607,511

The accompanying notes are part of these condensed consolidated interim financial statements.

- 9 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

1. GENERAL

(1) Summary of the Parent company

Woori Financial Group, Inc. (hereinafter referred to as the “Parent company”) is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank (hereinafter referred to as the “Bank”), Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Parent company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital stock is 3,802,676 million Won. The Parent company’s stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares (“ADS”) are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer between the Parent company and subsidiaries as of Incorporation are as follows (Unit: Number of shares)

Stock transfer company		Total number of issued shares				Exchange ratio per share				Number of Parent company’s stocks
Woori Bank			676,000,000				1.0000000				676,000,000
Woori FIS Co., Ltd.			4,900,000				0.2999708				1,469,857
Woori Finance Research Institute Co., Ltd.			600,000				0.1888165				113,289
Woori Credit Information Co., Ltd.			1,008,000				1.1037292				1,112,559
Woori Fund Service Co., Ltd.			2,000,000				0.4709031				941,806
Woori Private Equity Asset Management Co., Ltd.			6,000,000				0.0877992				526,795

As of August 1, 2019, the Parent company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Parent company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Parent company paid 598,391 million Won in cash and 42,103,377 new shares of the Parent company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary, Woori Bank, on September 10, 2019. On the same date, the Parent company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Parent company acquired a 67.2% interest (excluding treasury stocks, 51% interest including treasury stocks) in Woori Asset Trust Co., Ltd. (formerly Kukje Asset Trust Co., Ltd.) and added it as a consolidated subsidiary at the end of 2019. As of March 31, 2023, it acquired an additional 28.1% interests (excluding treasury stock, 21.3% in the case of including treasury stock).

The Parent company acquired 76.8% (excluding treasury stocks, 74.0% interest including treasury stocks) interest in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.) on December 10, 2020. In addition, as of April 15, 2021, the Parent company acquired 13.3% interests (excluding treasury stock, 12.9% when including treasury stock) in Woori Financial Capital Co., Ltd., and as of May 24, 2021, the Parent company additionally acquired treasury stock (3.6%) which Woori Financial Capital Co., Ltd. possessed.

The Parent company paid 113,238 million Won in cash to acquire 100% interest of Woori Savings Bank from its subsidiary, Woori Financial Capital Co., Ltd., on March 12, 2021.

As of August 10, 2021, the Parent company paid 5,792,866 new shares of the Parent company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, the Parent company established Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies (100% interest, 200 billion Won in stock payments) and included it as a subsidiary.

- 10 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of March 23, 2023, the Parent company acquired a 53.9% interest (excluding treasury stocks, 52.0% interest including treasury stocks) in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.), and added it as a consolidated subsidiary. As of May 30, 2023, the Parent company additionally acquired treasury stock (3.5%) which Woori Venture Partners Co., Ltd. possessed.

As of August 8, 2023, the Parent company paid 22,541,465 new shares of the Parent company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Parent company paid 9,933,246 new shares of the Parent company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

On January 29, 2024, the Parent company’s percentage of ownership in Woori Asset Management Corp. after the merger between Woori Asset Management Corp. (the surviving company) and Woori Global Asset Management Co., Ltd. (the merged company) is 77.5%. On March 29, 2024, the Parent company acquired the remaining shares (22.5%) of Woori Asset Management Corp., pursuant to which Woori Asset Management Corp. became a wholly-owned subsidiary of the parent company.

On March 25, 2024, the Parent company participated in the capital increase amount and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Parent company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd. As of November 19, 2024, the Parent company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd.

On August 1, 2024, The Parent company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

On July 1, 2025, the Parent company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd. and included them as subsidiaries.

On July 31, 2025, the Parent company acquired the remaining shares (0.4%) of Woori Asset Trust Co., Ltd., pursuant to which Woori Asset Trust Co., Ltd. became a wholly-owned subsidiary of the parent company.

On November 28, 2025, the Parent Company acquired an additional (0.20%) minority interest in Woori Investment Securities Co., Ltd. As of December 19, 2025, the Parent Company additionally acquired (0.10%) of the treasury shares held by Woori Investment Securities Co., Ltd., as well as an additional (0.20%) minority interest.

On January 5, 2026 and March 13, 2026, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

(2) Details of the Parent company and subsidiaries (hereinafter ‘Group’) as of March 31, 2026 and December 31, 2025 are as follows:

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Held by Woori Financial Group Inc.

Woori Bank

Bank

100.0

100.0

Korea

March 31

Tongyang Life Insurance Co., Ltd. (*1)

Life insurance

77.9

77.9

Korea

March 31

Woori Card Co., Ltd.

Finance

100.0

100.0

Korea

March 31

Woori Financial Capital Co., Ltd.

Finance

100.0

100.0

Korea

March 31

- 11 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Woori Investment Securities Co., Ltd. (*1)

Securities brokerage

100.0

99.9

Korea

March 31

ABL Life Insurance Co., Ltd. (*1)

Life insurance

100.0

100.0

Korea

March 31

Woori Asset Trust Co., Ltd

Real estate trust

100.0

100.0

Korea

March 31

Woori Savings Bank

Mutual saving bank

100.0

100.0

Korea

March 31

Woori Financial F&I Co., Ltd.

Finance

100.0

100.0

Korea

March 31

Woori Asset Management Corp.

Finance

100.0

100.0

Korea

March 31

Woori Venture Partners

Other financial services

100.0

100.0

Korea

March 31

Woori Private Equity Asset Management Co., Ltd.

Finance

100.0

100.0

Korea

March 31

Woori Credit Information Co., Ltd.

Credit information

100.0

100.0

Korea

March 31

Woori Fund Service Co., Ltd.

Financial support service business

100.0

100.0

Korea

March 31

Woori FIS Co., Ltd.

System software development & maintenance

100.0

100.0

Korea

March 31

Woori Finance Research Institute Co., Ltd.

Other service business

100.0

100.0

Korea

March 31

Held by Woori Bank

Woori America Bank

Finance

100.0

100.0

America

March 31

Woori Global Markets Asia Limited

Finance

100.0

100.0

Hong Kong

March 31

Woori Bank China Limited

Finance

100.0

100.0

China

March 31

AO Woori Bank (*7)

Finance

100.0

100.0

Russia

March 31

PT Bank Woori Saudara Indonesia 1906 Tbk

Finance

90.8

90.8

Indonesia

March 31

Banco Woori Bank do Brasil S.A.

Finance

100.0

100.0

Brazil

March 31

Korea BTL Infrastructure Fund

Finance

99.9

99.9

Korea

March 31

Woori Finance Myanmar Co., Ltd.

Finance

100.0

100.0

Myanmar

March 31

Wealth Development Bank

Finance

51.0

51.0

Philippines

March 31

Woori Bank Vietnam Limited

Finance

100.0

100.0

Vietnam

March 31

Woori Bank (Cambodia) PLC

Finance

100.0

100.0

Cambodia

March 31

Woori Bank Europe

Finance

100.0

100.0

Germany

March 31

KAMCO Value Recreation First Securitization Specialty Co., Ltd. (*2)

Asset securitization

15.0

15.0

Korea

March 31

Jeonju Iwon Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Wonju I one Inc. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Heitz Third Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori hansoop 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori QS 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori Dream 2nd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori K 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori Display 3rd Co., Ltd. (*2) (*5)

Asset securitization

—

0.0

Korea

—

Woori HW 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori Dream 3rd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori SJS 1st Co., Ltd. (*2) (*5)

Asset securitization

—

0.0

Korea

—

SPG the 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori-HWC 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori HC 3rd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori HC 4th Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori SKR 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori H chemical 1st Co.,Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

HE the 1st Co.,Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori Hub The 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori K The 3rd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori KF 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori L Yongsan 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori HP the 1st co.,Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori KF 2nd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori HW 2nd co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori HR 2nd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori QS 2nd Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori Plasma 1st Co., Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Woori EUGENE 1st Co.,Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

- 12 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

WOORIWON 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI ENERBILITY 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI HL 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI PARC1. 2ND CO.,LTD (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI HEROS 1ST CO.,LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI GANGNAM ALPHA 1ST CO.,LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI BLOSSOM 1ST CO.,LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI DK 1ST CO.,LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI TECHONE 1ST CO.,LTD (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI TECHONE 2ND CO.,LTD (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI SONO 1ST CO.,LTD (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI SEOUL STATION AREA 1ST, CO,.LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WOORI NC 1ST CO.,LTD. (*2)

Asset securitization

0.0

0.0

Korea

March 31

Heungkuk Global Private Placement Investment Trust No. 1 (*3)

Securities investment and others

98.8

98.8

Korea

March 31

AI Partners UK Water Supply Private Placement Investment Trust No.2 (*3)

Securities investment and others

97.3

97.3

Korea

March 31

Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 (*3)

Securities investment and others

99.0

99.0

Korea

March 31

IGIS Australia Investment Trust No. 209-1 (*3)

Securities investment and others

99.4

99.4

Korea

March 31

JB Airline Private Placement Investment Trust No.8 (*3) (*5)

Securities investment and others

—

97.0

Korea

—

Kiwoom Harmony Private Placement Investment Trust No. 1 (*3)

Securities investment and others

97.7

97.7

Korea

March 31

Kiwoom Harmony Private Placement Investment Trust No. 4 (*3)

Securities investment and others

96.2

96.2

Korea

March 31

Kiwoom Harmony Private Placement Investment Trust No. 9 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Partners General Type Private Investment Trust No.4 (*3)

Securities investment and others

99.0

99.0

Korea

March 31

Woori Partners General Type Private Investment Trust No.5 (*3) (*10)

Securities investment and others

99.0

—

Korea

March 31

Principal Guaranteed Trust (*4)

Trust

0.0

0.0

Korea

March 31

Principal and Interest Guaranteed Trust (*4)

Trust

0.0

0.0

Korea

March 31

Held by Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2

MAGI No.5 LuxCo S.a.r.l.

Asset securitization

54.6

54.6

Luxembourg

March 31

Held by MAGI No.5 LuxCo S.a.r.l.

ADP 16 Brussels

Asset securitization

100.0

100.0

Belgium

March 31

- 13 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Held by Woori ESG Infrastructure Development General Private Investment Trust No. 1:

Woori Global Infrastructure Development Co., Ltd.

Other financial services

100.0

100.0

Korea

March 31

Namyangju Resource Circulation Facility Development Co., Ltd.

Other professional services

100.0

100.0

Korea

March 31

Held by Woori Card Co., Ltd.

TUTU Finance –WCI Myanmar Co., Ltd.

Finance

100.0

100.0

Myanmar

March 31

PT Woori Finance Indonesia Tbk.

Finance

84.5

84.5

Indonesia

March 31

Woori Card 2022-2 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

0.5

Korea

March 31

Woori Card 2023-1 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

0.5

Korea

March 31

Woori Card 2023-2 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

0.5

Korea

March 31

Woori Card 2024-1 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

0.5

Korea

March 31

Woori Card 2026-1 Asset Securitization Specialty Co., Ltd. (*2) (*10)

Asset securitization

0.5

—

Korea

March 31

Held by Woori Financial Capital Co., Ltd.

Specified Money Market Trust

Trust

100.0

100.0

Korea

March 31

Held by Woori Investment Securities Co., Ltd.

Seari Second Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

Namjong 1st Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

Bukgeum First Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

Bukgeum Second Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WS1909 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WS2003 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WS2006 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WH2103 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WN2103 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WH2106 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WiBee AK 1st Co.,Ltd. (*2)

Asset securitization

0.0

0.0

Korea

March 31

WiBee Sae-A 1st Co., Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

WiBee Central 1st Co., Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

WiBee Retail 1st Co., Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

WiBee Smile AP 1st Co., Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

Bridge Beta 1st Co., Ltd (*2)

Asset securitization

0.0

0.0

Korea

March 31

WiBee World 1st Co., Ltd. (*2)(*10)

Asset securitization

0.0

—

Korea

March 31

Balance Beta 1st Co., Ltd. (*2)(*10)

Asset securitization

0.0

—

Korea

March 31

Held by Tongyang Life Insurance Co., Ltd.

- 14 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Tongyang Life Financial Service Co., Ltd

Insurance agents and brokers

100.0

100.0

Korea

March 31

Held by ABL Life Insurance Co., Ltd.

ABA Financial Service LLC.

Insurance agents and brokers

100.0

100.0

Korea

March 31

Alceon Real Property Blind General Type Private Placement Investment Trust (*3) (*5)

Securities investment and others

—

100.0

Korea

—

Woori Park Square Payton General Type Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Pantheon Metrics General Type Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Held by Woori Asset Management Corp.

Woori Rooftop Solar Private Special Asset Investment Trust No.1 (*3)

Securities investment and others

40.1

40.1

Korea

March 31

Woori Following Foreigners Securities Sub-Investment Master Fund [Equity] (*3) (*5)

Securities investment and others

—

100.0

Korea

—

Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds] Class C-F (*3) (*5)

Securities investment and others

—

31.3

Korea

—

Woori Following Foreigners Securities Sub-Investment Trust [Equity] Class C-F (*3)

Securities investment and others

75.8

75.6

Korea

March 31

Woori Together TDF 2060 (*3)(*10)

Securities investment and others

74.2

—

Korea

March 31

Held by Woori Financial F&I Co., Ltd.

WI2203 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WM2203 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WNI2206 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WI2209 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WN2212 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WK2212 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WH2306 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WN2306 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WNKN2309 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WB2309 Securitization Specialty Co., Ltd.(*2)

Asset securitization

5.0

5.0

Korea

March 31

WI2311 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WSB2312 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WK2312 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WBS2312 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WK2403 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

- 15 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

WH2403 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WSB2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WK2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WI2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WKN2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WS2409 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WSB2409 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WDSB2503 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WHKN2506 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WK2509 Asset Securitization Specialty Co.,Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WH2509 Asset Securitization Specialty Co.,Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WI2511 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

5.0

Korea

March 31

WH2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

March 31

WI2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

March 31

VOGO DL General Private Equity Investment Trust 1(*3)

Securities investment and others

99.4

99.4

Korea

March 31

WFBS 1st Corporate Recovery Private Equity Fund (*3)

Finance

96.2

96.2

Korea

March 31

Held by Woori Venture Partners Co.,Ltd.

Woori Venture Partners US

Other financial services

100.0

100.0

America

March 31

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Private Equity Asset Management Co., Ltd. (*6)

Green ESG Growth No.1 Private Equity Fund(*3)

Securities investment and others

32.7

32.7

Korea

March 31

Woori New Growth Credit Fund 1(*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori PE Secondary Fund 1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Held by Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. and Woori Investment Securities Co., Ltd. (*6)

Japanese Hotel Real Estate Private Equity Fund 1 (*3) (*5)

Securities investment and others

—

100.0

Korea

—

Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd., Woori Savings Bank and Woori Private Equity Asset Management Co., Ltd. (*6)

Woori Innovative Growth Professional Investment Type Private Investment Trust No.1 (*3)

Securities investment and others

90.0

90.0

Korea

March 31

- 16 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*6)

Woori Innovative Growth Professional Investment Type Private Investment Trust No.2 (*3)

Securities investment and others

85.0

85.0

Korea

March 31

Woori Innovative Growth New Deal Private Investment Trust No.3 (*3)

Securities investment and others

94.3

94.3

Korea

March 31

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Investment Securities Co., Ltd. (*6)

Woori GP Commitment Loan General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Equity Bridge Loan General Type Private Investment Trust No.1 (*3)(*5)

Securities investment and others

—

80.0

Korea

—

Woori GP Commitment Loan General Type Private Investment Trust No.2 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori GP Commitment Loan General Type Private Investment Trust No.3 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Junior Equity General Type Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Top-Class Senior and Junior Loan Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Top-Class Equity Fund of Funds Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori National Growth Matching General Private Investment Trust No.1 (*3) (*10)

Securities investment and others

100.0

—

Korea

March 31

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Asset Management Corp. (*6)

Woori New Deal(Infrastructure) Policy Fund No.1(*3)

Securities investment and others

70.0

70.0

Korea

March 31

Held by Woori bank and Woori Investment Securities Co., Ltd. (*6)

Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust No.1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori NorthAmerica Infra Private Placement Investment Trust No. 1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Infrastructure New Deal Specialized Investment Private Equity Investment Trust No. 1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori General Type Private Real Estate Investment Trust No.2 (*3)

Securities investment and others

30.1

30.1

Korea

March 31

Woori ESG Infrastructure Development General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

- 17 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Woori Real Estate Blind Investment General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Corporate Private Debt Investment Trust No. 1(*3) (*10)

Securities investment and others

100.0

—

Korea

March 31

Held by Woori bank (*6)

Woori WooriBank Partners General Type Private Investment Trust No.1 (*3)

Securities investment and others

92.6

92.6

Korea

March 31

Woori General Type Private Real Estate Investment Trust No.1 (*3)

Securities investment and others

86.8

86.8

Korea

March 31

Woori Global Mid-market Secondary General Type Private Investment Trust No.1 (*3)

Securities investment and others

80.0

80.0

Korea

March 31

Woori Woori Bank Partners Professional Type Private Investment Trust No. 2 (*3)

Securities investment and others

90.9

90.9

Korea

March 31

Woori General Type Private Real Estate Investment Trust No.5 (*3)

Securities investment and others

87.0

87.0

Korea

March 31

Woori Global Secondary Private Placement Investment Trust No. 1 (*3)

Securities investment and others

98.8

98.8

Korea

March 31

Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (*3)

Securities investment and others

99.9

99.9

Korea

March 31

Woori Clean Energy General Type Private Investment Trust No.2 (*3) (*5)

Securities investment and others

—

30.8

Korea

—

Woori ESG Infrastructure Development General Type Private Investment Trust No.2 (*3)

Securities investment and others

50.0

50.0

Korea

March 31

Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust (*3)

Securities investment and others

40.0

40.0

Korea

March 31

Woori Partners General Private Investment Trust No. 3 (*3)

Securities investment and others

90.9

90.9

Korea

March 31

Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) (*3)

Securities investment and others

80.0

80.0

Korea

March 31

Woori Natixis Partnership Global Private Debt Fund No. 1-2(EUR) (*3)

Securities investment and others

80.0

80.0

Korea

March 31

Woori General Type Private Real Estate Investment Trust No.7 (*3)

Securities investment and others

87.0

87.0

Korea

March 31

Woori Baran-Namyang Expressway Private Special Asset Investment Trust (*3)

Securities investment and others

47.0

47.0

Korea

March 31

Held by Woori Bank and Tongyang Life Insurance Co., Ltd. (*6)

Woori Senior Loan General Type Private Investment Trust No.2 (*3)

Securities investment and others

54.0

54.0

Korea

March 31

Woori Senior Loan General Type Private Investment Trust No.3 (*3)

Securities investment and others

47.3

47.3

Korea

March 31

Held by ABL Life Insurance Co., Ltd. (*6)

Woori MDF V General Type Private Real Estate Investment Trust (*3)

Securities investment and others

50.0

50.0

Korea

March 31

- 18 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Woori NewGen Energy ABL Private Investment Trust (*3)

Securities investment and others

33.3

33.3

Korea

March 31

Held by Woori Bank and Woori Financial Capital Co., Ltd. (*6)

Woori Renewable New Deal Fund No.1 (*3)

Securities investment and others

60.0

60.0

Korea

March 31

Woori Equity Investment General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Fund Financing General Type Private Investment Trust (*3)

Securities investment and others

99.3

99.3

Korea

March 31

Held by Woori Bank and Woori Asset Management Corp. (*6)

Woori General Type Private Real Estate Investment Trust No.6 (*3)

Securities investment and others

85.8

85.8

Korea

March 31

Woori Innovation Growth(Infrastructure) General Type Private Investment Trust No.2 (*3)

Securities investment and others

46.4

46.4

Korea

March 31

Held by Woori bank, Woori Investment Securities Co., Ltd., and Woori Asset Management Corp. (*6)

Woori Real Estate Financial Stabilization General Private Investment Trust No. 1 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori Real Estate Financial Stabilization General Private Investment Trust No. 2 (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (*6)

Woori FG Digital Investment Fund 1st (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori FG DINNO Lab Fund 1st (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Woori FG DINNO Lab Fund 2nd (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd., Tongyang Life Insurance Co., Ltd. and Woori Financial Capital Co., Ltd. (*6)

Woori FG DINNO Lab Fund 3rd (*3) (*10)

Securities investment and others

100.0

—

Korea

March 31

Held by Woori Bank, Woori Financial Capital Co., Ltd. and Tongyang Life Insurance Co., Ltd. (*6)

Woori Senior Loan Private Placement Investment Trust No.1 (*3)

Securities investment and others

32.0

32.0

Korea

March 31

- 19 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Location

Financial statements date

Subsidiaries

Main business

March 31, 2026

December 31, 2025

Held by Woori Bank, Woori Card Co., Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd., Tongyang Life Insurance Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*6)

Woori Future Co-Growth High-tech Strategic Industries Private Investment Trust (*3)

Securities investment and others

100.0

100.0

Korea

March 31

Held by Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*6)

Woori Corporate Turnaround No.1 Private Equity Fund (*3)

Securities investment and others

35.3

35.3

Korea

March 31

Held by Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (*6)

Woori Private Placement Investment Trust No. 3 (*3)(*8)

Securities investment and others

76.5

76.5

Korea

March 31

Held by Woori Private Placement Investment Trust No. 3

GK Woorido(*3)

Other financial services

100.0

100.0

Japan

December 31 (*9)

(*1) On January 5 and March 13, 2026, the Parent Company acquired the remaining shares (0.1%) of Woori Investment Securities Co., Ltd., thereby making Woori Investment Securities Co., Ltd. a wholly owned subsidiary of the Parent Company. In 2025, the Parent Company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd., thereby including them as subsidiaries.

(*2) The entity is a structured entity for the purpose of asset securitization. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.

(*3) The entity is a structured entity for the purpose of investment in securities. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.

(*4) The entity is a ‘money trust’ under the Financial Investment Services and Capital Markets Act. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.

(*5) Companies are excluded from the consolidation as of March 31, 2026.

(*6) Determined that the Group controls the investees, considering the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns, by two or more subsidiaries’ investment or operation.

(*7) The Russia – Ukraine conflict has been escalated in February 2022, and international sanctions were imposed on Russia. Due to the sanctions, the Group may experience situations such as a decrease in value of financial assets or operating assets owned by the Group regarding the conflict, an increase in receivable payment terms, limitation to transfer funds, decrease in the profit. As of March 31, 2026, the Group expects such conflict and sanctions would have financial impacts on the business of AO Woori Bank, one of the subsidiaries, in the future. However, the Group cannot reasonably predict the financial impacts.

(*8) As a master-feeder fund, it is the percentage of the feeder fund’s ownership in the master fund.

(*9) As the financial statements for the end of the reporting period were not available, the most recent financial statements available as of the reporting date were used.

(*10) Companies are included in the consolidation during the period ended March 31, 2026.

- 20 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) The Group has not consolidated the following entities as of March 31, 2026 and December 31, 2025 despite having more than 50% ownership interest:

As of March 31, 2026

Subsidiaries

Location

Main Business

Percentage of ownership (%)

Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (*1)

Korea

Securities Investment

59.7

Kiwoom Yonsei Private Equity Investment Trust (*1)

Korea

Securities Investment

88.9

IGIS Europe Private Placement Real Estate Fund No. 163-2 (*2)

Korea

Securities Investment

97.8

IGIS Global Private Placement Real Estate Fund No. 148-1 (*1)

Korea

Securities Investment

75.0

IGIS Global Private Placement Real Estate Fund No. 148-2 (*1)

Korea

Securities Investment

75.0

Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (*1)

Korea

Securities Investment

66.7

Hangang Blue Water Private Placement Special Asset Investment Trust (*1)

Korea

Securities Investment

55.6

Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (*1)

Korea

Securities Investment

55.2

Midas Global Private Placement Real Estate Investment Trust No. 7-2 (*1)

Korea

Securities Investment

58.3

Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (*3)

Korea

Securities Investment

100.0

INMARK France Private Placement Investment Trust No. 18-1 (*1)

Korea

Securities Investment

93.8

Kiwoom Vibrato Private Placement Investment Trust 1-W(EUR) (*2)

Korea

Securities Investment

99.5

KOTAM Global Infra Private Fund 1-4 (*2)

Korea

Securities Investment

99.7

UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (*1)

Korea

Securities Investment

51.0

Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (*1)

Korea

Securities Investment

50.0

Kiwoom Harmony Private Placement Investment Trust No. 3 (*1)

Korea

Securities Investment

77.3

Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (*1)

Korea

Securities Investment

60.0

NH-Amundi WSCP VIII Private Fund 2 (*1)

Korea

Securities Investment

65.2

AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (*2)

Korea

Securities Investment

100.0

Hangang new deal infra BTL fund 4 (HNBF4) (*1)

Korea

Securities Investment

60.0

IGIS Global Private Placement Real Estate Fund No. 316-1(*2)

Korea

Securities Investment

99.3

INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (*2)

Korea

Securities Investment

97.7

Woori Asset Global Partnership Fund No.5(*4)

Korea

Securities Investment

57.7

Kiwoom Harmony Private Placement Investment Trust No. 6 (*1)

Korea

Securities Investment

76.9

Project Chile PMGD Solar (*2)

Korea

Securities Investment

75.2

NH-Amundi BXD Private Fund 2[FoF] (*2)

Korea

Securities Investment

77.8

Hangang Green Environment Private Placement Special Asset Investment Trust (*1)

Korea

Securities Investment

50.0

KB Social Infra BTL private placement Special Asset Investment Trust(*1)

Korea

Securities Investment

78.7

KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)

Korea

Securities Investment

76.6

KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)

Korea

Securities Investment

80.0

Pacific No.70 General Private Real Estate Investment Trust (*1)

Korea

Securities Investment

53.8

Rifa Qualified Investors Private Real Estate Investment Trust No.40 (*2)

Korea

Securities Investment

55.0

Alceon Australia Alternative General Private Investment Trust No.1 (*2)

Korea

Securities Investment

100.0

KB NA Sound Point Private Special Asset Fund 3(*2)

Korea

Securities Investment

100.0

Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)

Korea

Securities Investment

100.0

NH-Amundi Transport Infra Private Fund No. 1 (*2)

Korea

Securities Investment

100.0

Hanwha Global Infrastructure Private Fund 39 (*2)

Korea

Securities Investment

100.0

Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

100.0

Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

100.0

Alceon Australia Alternative General Private Investment Trust No.2 (*2)

Korea

Securities Investment

99.9

Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

IGIS Global Secondary Private Investment Trust No. 504-1 (*2)

Korea

Securities Investment

99.9

Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

Alpha Private Debt Blind General Private Investment Trust (*2)

Korea

Securities Investment

99.8

Alceon SOF III General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

IGIS European Private Placement Real Estate Investment Trust No. 521-1 (*2)

Korea

Securities Investment

99.7

IGIS European Private Placement Real Estate Investment Trust No. 521-2 (*2)

Korea

Securities Investment

99.7

NH-Amundi Europe Direct Lending Private Fund No. 4 (*2)

Korea

Securities Investment

99.5

Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)

Korea

Securities Investment

99.0

Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)

Korea

Securities Investment

99.0

- 21 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of March 31, 2026

Subsidiaries

Location

Main Business

Percentage of ownership (%)

Koramco Global Private Credit Private Special Asset Investment Trust No. 1-1 (*2)

Korea

Securities Investment

99.0

Kiwoom ASM Private Investment Trust[FoFs] (*2)

Korea

Securities Investment

98.1

KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)

Korea

Securities Investment

55.6

IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*1)

Korea

Securities Investment

50.0

Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)

Korea

Securities Investment

99.9

Koramco Global Private Credit Private Special Asset Investment Trust No. 1-2 (*2)

Korea

Securities Investment

99.0

Kiwoom PRISM General Private Investment Trust (*2)

Korea

Securities Investment

99.9

Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)

Korea

Securities Investment

99.8

Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I (*2)

Korea

Securities Investment

99.7

Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)

Korea

Securities Investment

99.8

Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)

Korea

Securities Investment

98.8

Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)

Korea

Securities Investment

99.9

Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)

Korea

Securities Investment

98.1

Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

100.0

Hanwha Global Infrastructure Private Fund 31 (*2)

Korea

Securities Investment

98.4

IGIS U.S. Private Placement Real Estate Investment Trust No. 469-1 (*2)

Korea

Securities Investment

99.6

IGIS U.S. Private Placement Real Estate Investment Trust No. 469-2 (*2)

Korea

Securities Investment

99.6

Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)

Korea

Securities Investment

99.9

Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)

Korea

Securities Investment

99.3

KB NB Private Investment Trust No. 4 (*2)

Korea

Securities Investment

57.1

KB Sound Point Strategic Private Special Asset Fund 1 (*2)

Korea

Securities Investment

99.9

Alceon Real Property Blind General Type Private Placement Investment Trust(*2)

Korea

Securities Investment

100.0

Woori PE APA Private Investment Trust (*2)

Korea

Securities Investment

99.8

AP K-Beauty Investment Fund 1 (*5)

Korea

Securities Investment

68.2

Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)

Korea

Securities Investment

89.0

Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1 (*1)

Korea

Securities Investment

62.2

(*1) The Group does not have power over the discretionary fund because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager’s delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*2) The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of the fund through the related contract. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*3) The Group does not have power over the stock market stabilization fund as the fund’s relevant activities are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*4) In this fund, one of the parties holds substantive removal rights and can remove the collective investment business operator. Consequently, the Group has no controls as it exercises decision-making rights as agent.

(*5) Decision-making authority over investment-related activities of the investment partnership is vested in the general partner, and the Group cannot directly or indirectly determine the relevant activities of the partnership. In addition, the authority of the general partner cannot be regarded as being exercised solely for the benefit of the Group. Therefore, even if the Group holds a majority ownership interest, it does not have power over the relevant activities of the partnership and, accordingly, does not have control over the partnership.

- 22 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of December 31, 2025

Subsidiaries

Location

Main Business

Percentage of ownership (%)

Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (*1)

Korea

Securities Investment

59.7

Kiwoom Yonsei Private Equity Investment Trust (*1)

Korea

Securities Investment

88.9

IGIS Europe Private Placement Real Estate Fund No. 163-2 (*2)

Korea

Securities Investment

97.8

IGIS Global Private Placement Real Estate Fund No. 148-1 (*1)

Korea

Securities Investment

75.0

IGIS Global Private Placement Real Estate Fund No. 148-2 (*1)

Korea

Securities Investment

75.0

Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (*1)

Korea

Securities Investment

66.7

Hangang Blue Water Private Placement Special Asset Investment Trust (*1)

Korea

Securities Investment

55.6

Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (*1)

Korea

Securities Investment

55.2

Midas Global Private Placement Real Estate Investment Trust No. 7-2 (*1)

Korea

Securities Investment

58.3

Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (*3)

Korea

Securities Investment

100.0

INMARK France Private Placement Investment Trust No. 18-1 (*1)

Korea

Securities Investment

93.8

Kiwoom Vibrato Private Placement Investment Trust 1-W(EUR) (*2)

Korea

Securities Investment

99.5

KOTAM Global Infra Private Fund 1-4 (*2)

Korea

Securities Investment

99.7

UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (*1)

Korea

Securities Investment

51.0

Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (*1)

Korea

Securities Investment

50.0

Kiwoom Harmony Private Placement Investment Trust No. 3 (*1)

Korea

Securities Investment

77.3

Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (*1)

Korea

Securities Investment

60.0

NH-Amundi WSCP VIII Private Fund 2 (*1)

Korea

Securities Investment

65.2

AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (*2)

Korea

Securities Investment

100.0

Hangang new deal infra BTL fund 4 (HNBF4) (*1)

Korea

Securities Investment

60.0

IGIS Global Private Placement Real Estate Fund No. 316-1(*2)

Korea

Securities Investment

99.3

INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (*2)

Korea

Securities Investment

97.7

Woori Asset Global Partnership Fund No.5(*4)

Korea

Securities Investment

57.7

Kiwoom Harmony Private Placement Investment Trust No. 6 (*1)

Korea

Securities Investment

76.9

Project Chile PMGD Solar (*2)

Korea

Securities Investment

75.2

NH-Amundi BXD Private Fund 2[FoF] (*2)

Korea

Securities Investment

77.8

Rifa Qualified Investors Private Real Estate Investment Trust No.40 (*2)

Korea

Securities Investment

55.0

Hangang Green Environment Private Placement Special Asset Investment Trust (*1)

Korea

Securities Investment

50.0

KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)

Korea

Securities Investment

80.0

KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)

Korea

Securities Investment

76.6

Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)

Korea

Securities Investment

88.9

KIAMCO Siwha Jeongwang Logistics Development Private Real Estate Investment Trust No.1 (*2)

Korea

Securities Investment

50.0

Dabi Hana Inje Gwan-sa BTL Private Special Asset Investment Trust (*2)

Korea

Securities Investment

50.0

Alceon Australia Alternative General Private Investment Trust No.1 (*2)

Korea

Securities Investment

100.0

KB NA Sound Point Private Special Asset Fund 3(*2)

Korea

Securities Investment

100.0

Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)

Korea

Securities Investment

100.0

NH-Amundi Transport Infra Private Fund No. 1 (*2)

Korea

Securities Investment

100.0

Hanwha Global Infrastructure Private Fund 39 (*2)

Korea

Securities Investment

100.0

Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

100.0

Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

Alceon Australia Alternative General Private Investment Trust No.2 (*2)

Korea

Securities Investment

99.9

Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

IGIS Global Secondary Private Investment Trust No. 504-1 (*2)

Korea

Securities Investment

99.9

Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.9

Alpha Private Debt Blind General Private Investment Trust (*2)

Korea

Securities Investment

99.8

Alceon SOF III General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

99.8

IGIS European Private Placement Real Estate Investment Trust No. 521-1 (*2)

Korea

Securities Investment

99.7

IGIS European Private Placement Real Estate Investment Trust No. 521-2 (*2)

Korea

Securities Investment

99.7

- 23 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of December 31, 2025

Subsidiaries

Location

Main Business

Percentage of ownership (%)

NH-Amundi Europe Direct Lending Private Fund No. 4 (*2)

Korea

Securities Investment

99.5

Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)

Korea

Securities Investment

99.0

Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)

Korea

Securities Investment

99.0

Koramco Global Private Credit Private Special Asset Investment Trust No. 1-1 (*2)

Korea

Securities Investment

99.0

Kiwoom ASM Private Investment Trust[FoFs] (*2)

Korea

Securities Investment

98.1

KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)

Korea

Securities Investment

55.6

IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*2)

Korea

Securities Investment

50.0

Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)

Korea

Securities Investment

99.9

Koramco Global Private Credit Private Special Asset Investment Trust No. 1-2 (*2)

Korea

Securities Investment

99.0

Kiwoom PRISM General Private Investment Trust (*2)

Korea

Securities Investment

99.9

Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)

Korea

Securities Investment

99.8

Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I (*2)

Korea

Securities Investment

99.7

Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)

Korea

Securities Investment

99.8

Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)

Korea

Securities Investment

98.8

Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)

Korea

Securities Investment

99.9

Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)

Korea

Securities Investment

98.1

Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)

Korea

Securities Investment

100.0

Hanwha Global Infrastructure Private Fund 31 (*2)

Korea

Securities Investment

98.4

IGIS U.S. Private Placement Real Estate Investment Trust No. 469-1 (*2)

Korea

Securities Investment

99.6

IGIS U.S. Private Placement Real Estate Investment Trust No. 469-2 (*2)

Korea

Securities Investment

99.6

Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)

Korea

Securities Investment

50.5

Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)

Korea

Securities Investment

99.3

KB NB Private Investment Trust No. 4 (*2)

Korea

Securities Investment

57.1

Pacific No.70 General Private Real Estate Investment Trust (*1)

Korea

Securities Investment

53.8

Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1 (*1)

Korea

Securities Investment

62.2

(*1) The Group does not have power over the discretionary fund because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager’s delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*2) The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of the fund through the related contract. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*3) The Group does not have power over the stock market stabilization fund as the fund’s relevant activities are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.

(*4) In this fund, one of the parties holds substantive removal rights and can remove the collective investment business operator. Consequently, the Group has no controls as it exercises decision-making rights as agent.

- 24 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) The summarized financial information of the major subsidiaries is as follows. The financial information of each subsidiary was prepared on the basis of consolidated financial statements. (Unit: Korean Won in millions):

		As of March 31, 2026								For the three-month period ended March 31, 2026
Subsidiaries		Assets				Liabilities				Operating revenue				Net income(loss) attributable to owners				Comprehensive income(loss) attributable to owners
Woori Bank			513,322,091				482,643,164				12,001,481				530,867				2,194,994
Tongyang Life Insurance Co., Ltd.			34,599,677				32,232,451				1,093,547				42,828				273,509
Woori Card Co., Ltd.			17,393,814				14,473,231				616,976				44,559				60,942
Woori Financial Capital Co., Ltd.			12,680,221				10,835,082				481,476				39,752				39,312
Woori Investment Securities Co., Ltd.			10,740,879				9,516,294				182,934				14,041				22,955
ABL Life Insurance Co., Ltd.			19,364,363				18,582,393				875,891				12,130				100,593
Woori Asset Trust Co., Ltd.			307,922				63,911				16,422				4,535				4,657
Woori Savings Bank			2,107,376				1,894,765				33,095				4,775				4,775
Woori Financial F&I Co., Ltd.			1,374,108				1,036,695				16,335				(3,658	)			(3,658	)
Woori Asset Management Corp.			204,423				23,117				19,577				7,567				7,600
Woori Venture Partners Co., Ltd.			387,585				34,154				14,928				4,498				4,742
Woori Private Equity Asset Management Co., Ltd.			110,476				7,817				3,898				2,949				2,817
Woori Credit Information Co., Ltd.			42,414				5,244				8,614				(444	)			(444	)
Woori Fund Service Co., Ltd.			33,695				2,546				4,836				1,208				1,208
Woori FIS Co., Ltd.			53,123				6,733				50,738				(129	)			(149	)
Woori Finance Research Institute Co., Ltd.			6,905				3,366				2,288				(372	)			(380	)

		As of December 31, 2025								For the three-month period ended March 31, 2025
Subsidiaries		Assets				Liabilities				Operating revenue				Net income(loss) attributable to owners				Comprehensive income(loss) attributable to owners
Woori Bank			502,846,197				473,158,744				8,462,289				634,112				606,775
Tongyang Life Insurance Co., Ltd. (*)			35,444,959				33,351,243				—				—				—
Woori Card Co., Ltd.			17,512,741				14,620,417				551,393				32,823				24,997
Woori Financial Capital Co., Ltd.			12,361,366				10,523,678				463,087				30,629				30,590
Woori Investment Securities Co., Ltd.			9,706,286				8,504,657				112,651				1,288				3,888
ABL Life Insurance Co., Ltd. (*)			19,609,549				18,928,173				—				—				—
Woori Asset Trust Co., Ltd.			302,661				63,308				21,773				(13,809	)			(13,835	)
Woori Savings Bank			2,061,407				1,853,571				33,838				3,664				3,895
Woori Financial F&I Co., Ltd.			1,271,613				930,542				22,907				3,248				3,248
Woori Asset Management Corp.			204,188				24,860				15,915				3,848				3,892
Woori Venture Partners Co., Ltd.			382,040				28,151				4,728				(25	)			(35	)
Woori Private Equity Asset Management Co., Ltd.			106,003				6,161				2,809				358				417
Woori Credit Information Co., Ltd.			45,455				7,581				9,145				(591	)			(591	)
Woori Fund Service Co., Ltd.			33,882				2,665				4,391				953				953
Woori FIS Co., Ltd.			52,554				6,015				47,654				(607	)			(612	)
Woori Finance Research Institute Co., Ltd.			7,469				3,550				2,185				(284	)			(290	)

(*) Additional investment occurred and added it as a consolidated subsidiary during the year ended December 31, 2025.

(5) The financial support that the Group provides to consolidated structured entities is as follows:

- Structured entity for asset securitization

The structured entity which is established for the purpose of securitization of project financing loans, corporate bonds, and other financial assets. The Group is involved with the structured entity through provision of credit facility over asset-backed commercial papers issued by the entity, originating loans directly to the structured entity, or purchasing 100% of the subordinated debts issued by the structured entity.

- 25 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

- Structured entity for the investments in securities

The structured entity is established for the purpose of investments in securities. The Group acquires beneficiary certificates through its contribution of funding to the structured entity by the Group, and it is exposed to the risk that it may not be able to recover its fund depending on the result of investment performance of asset managers of the structured entity.

- Money trust under the Financial Investment Services and Capital Markets Act

The Group provides with financial guarantee of principal and interest or solely principal to some of its trust products. Due to the financial guarantees, the Group may be obliged when the principal and interest or principal of the trust product sold is short of the guaranteed amount depending on the result of investment performance of the trust product.

As of March 31, 2026 and December 31, 2025, the Group provides 2,416,318 million Won and 2,429,099 million Won of credit facilities, respectively, for the structured entities mentioned above. As of March 31, 2026 and December 31, 2025, the purchase commitment amounts to 4,447,873 million Won and 3,638,934 million Won, respectively.

- 26 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6) As of March 31, 2026 and December 31, 2025, the share of non-controlling interests on the net income and equity of subsidiaries in which non-controlling interests are significant are as follows: (Unit: Korean Won in millions):

1) Accumulated non-controlling interests at the end of the reporting period

		March 31, 2026				December 31, 2025
Woori Bank (*1)			1,406,512				1,406,512
Tongyang Life Insurance Co., Ltd.			366,361				305,892
Woori Investment Securities Co., Ltd. (*2)			—				1,386
PT Bank Woori Saudara Indonesia 1906 Tbk			85,128				89,767
Wealth Development Bank			22,668				22,292
PT Woori Finance Indonesia Tbk.			16,984				15,446

(*1) Hybrid securities issued by Woori Bank

(*2) Additional minority interests were acquired, resulting in the entity becoming a wholly owned subsidiary during the three-month period ended March 31, 2026.

2) Net income attributable to non-controlling interests

		For the three-month periods ended March 31
		2026				2025
Woori Bank (*)			34,326				36,457
Tongyang Life Insurance Co., Ltd.			9,478				—
Woori Investment Securities Co., Ltd.			4				6
Woori Asset Trust Co., Ltd.			—				(57	)
PT Bank Woori Saudara Indonesia 1906 Tbk			(8,957	)			1,248
Wealth Development Bank			(118	)			(151	)
PT Woori Finance Indonesia Tbk.			375				353

(*) Distribution of the hybrid securities issued by Woori Bank

3) Dividends to non-controlling interests

		For the three-month periods ended March 31
		2026				2025
Woori Bank (*)			34,326				36,457
PT Bank Woori Saudara Indonesia 1906 Tbk			—				983
Others			7				9

(*) Distribution of the hybrid securities issued by Woori Bank

- 27 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2. BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES

The accompanying consolidated interim financial statements have been condensed, restructured and translated into English from the Korean language financial statements. The Group’s condensed consolidated interim financial statements are condensed interim financial statements prepared in applying International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) 1034 Interim Finance Reporting for some periods in which the annual consolidated financial statements belong. It is necessary to use the Group’s annual consolidated financial statements for the year ended December 31, 2025 for understanding of the accompanying condensed consolidated interim financial statements. The accompanying condensed consolidated interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Group since the end of the previous annual reporting period.

(1) From the accounting period beginning on January 1, 2026, the Group has newly applied the following standards and interpretations.

1) Amendments to Korean IFRS 1109 Financial Instruments, Korean IFRS 1107 Financial Instruments: Disclosures

Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The amendments do not have a significant impact on the financial statements.

• clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

• clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;

• add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

• update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

- 28

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2) Annual Improvements to Korean IFRS

Annual Improvements to Korean IFRS should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The amendments do not have a significant impact on the consolidated financial statements.

• Korean IFRS 1101 First-time Adoption of International Financial Reporting Standards: Hedge accounting by a first-time adopter

• Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance

• Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price

• Korean IFRS 1110 Consolidated Financial Statements: Determination of a ‘de facto agent’

• Korean IFRS 1007 Statement of Cash Flows: Cost method

3) Amendments to K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures—Contracts Referencing Nature-dependent Electricity’

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements. The amendments do not have a significant impact on the financial statements.

(2) The details of K-IFRS that have been issued and published as of January 1, 2026 but have not yet reached the effective date, and which the Group has not applied at an earlier date are as follows:

1) Issuance of K-IFRS No. 1118, Presentation and Disclosure in Financial Statements

K-IFRS No. 1118, ‘Presentation and Disclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

If the Group prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

• Changes in the Presentation of Statement of Profit or Loss

K-IFRS No. 1118 requires all income and expenses included in the statement of profit or loss to be classified into one of five categories: operating, investing, financing, income tax, and discontinued operations. Under this standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations are classified as operating, and operating profit or loss is defined as a residual measure of profit or loss.

- 29 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

To classify income and expenses into categories, the Group is required to assess its main business activities. If the Group’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Group’s main business activities.

As a result, operating profit or loss under K-IFRS No. 1118 differs significantly from operating profit or loss under the current K-IFRS No. 1001, which is defined as operating revenue less operating expenses. K-IFRS No. 1118 requires operating profit or loss calculated in accordance with K-IFRS No. 1001 to be disclosed in the Notes, along with a reconciliation between operating profit or loss under K-IFRS No. 1118 and that under K-IFRS No. 1001.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of:

- “Operating profit or loss,” comprising all income and expenses classified within the operating category;

- “Profit or loss before financing and income tax,” comprising operating profit or loss and all income and expenses classified within the investing category; and

- “Profit or loss for the period.”

However, when the Group’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

• Introduction of Disclosures of Management-Defined Performance Measures

K-IFRS No. 1118 introduces new disclosure requirements for management-defined performance measures. These measures are defined as subtotals of income and expenses that are not listed in paragraph 118 of K-IFRS No. 1118 and are not explicitly required to be presented or disclosed by IFRS Accounting Standards. Management-defined performance measures are used by entities in public communications separately from the financial statements to communicate management’s view of the entity’s financial performance to users of the financial statements.

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, the income tax effects of each reconciling item, and the effects on non-controlling interests.

• Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

- 30 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

• Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Group, as its mandatory effective date has not yet been reached. The Group will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending March 31, 2027. Based on information available as of March 31, 2026, the Group is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

(3) Material accounting policies and method of computation used in the preparation of the interim financial statements are consistent with those of the annual financial statements for the year ended December 31, 2025, except as described below.

i) Income Tax Expense

Income tax expense for an interim period is calculated by applying the income tax rate expected to be applicable to the estimated total annual profit, that is, the estimated average annual effective income tax rate, to the profit before tax for the interim period.

ii) Application of the Revaluation Model to Land Classified as premises and equipment

The Group changed its accounting policy for the subsequent measurement of land classified as premises and equipment from the historical cost model to the revaluation model, effective from the current interim period, having assessed that the revaluation model provides more reliable and relevant information regarding the fair value of land.

In accordance with K-IFRS No. 1016, Property, Plant and Equipment, the accounting policy of revaluing assets is not applied retrospectively when first adopted. Accordingly, the Group did not restate the comparative financial statements for the prior period.

Land is measured at fair value based on valuations performed by an independent external appraiser. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period. Land is carried at the revalued amount, being its fair value at the date of revaluation less any subsequent accumulated impairment losses.

- 31 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

If the carrying amount of an asset is increased as a result of a revaluation, the increase is recognized in other comprehensive income and accumulated in equity under revaluation surplus, net of deferred tax. However, the increase is recognized in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognized in profit or loss.

If the carrying amount of an asset is decreased as a result of a revaluation, the decrease is recognized in profit or loss. However, the decrease is recognized in other comprehensive income to the extent of any credit balance existing in the revaluation surplus in respect of that asset. The revaluation surplus related to land recognized in equity is transferred to retained earnings when the asset is derecognized.

a) The carrying amount of land measured under the revaluation model and the carrying amount that would have been recognized under the cost model as of March 31, 2026, are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Revaluation Model				Cost Model
Land			4,248,414				1,779,909

As of the current period ended March 31, 2026, the revaluation date of land is March 31, 2026, and its fair value was determined based on valuations performed by an independent external appraisal firm.

b) During the current period ended March 31, 2026, other comprehensive income of 2,474,567 million Won (before income tax effect of 678,089 million Won) was recognized due to revaluation of land. The revaluation surplus (other comprehensive income) from the revaluation of land is not included in distributable profits under the Korean Commercial Act.

c) The fair value hierarchy of land as of March 31, 2026, are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Land			—				—				4,248,414				4,248,414

d) Valuation methods of Land measured at fair value and classified into Level 3 and significant but unobservable inputs as of March 31, 2026 is as follows:

Fair value measurement Technique Type		Significant but unobservable input variable		Impact of changes in significant unobservable inputs on fair value measurement
Officially announced land price approach		Time adjustment factor (fluctuation rate of land price), Individual factor adjustment, etc.		Positive(+) correlation
Sales comparison approach		Individual factor adjustment, Time adjustment factor (fluctuation rate of land price), Return of capital, etc.
Income capitalization approach		Reasonable rent and maintenance fee
		Vacancy rate, Operating expense ratio, Exit cap rate		Negative(-) correlation

- 32 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

3. MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS

Material accounting estimates and assumptions are continuously evaluated based on a number of factors, including historical experience and expectations of future events that are considered reasonably probable. Accounting estimates calculated based on these definitions may not match actual results.

In preparing interim financial statements, management must apply accounting policies and make judgments, estimates and assumptions that affect assets/liabilities and income/expenses. Therefore, actual results may differ from these estimates.

The significant judgments made by management in applying the accounting policies and key sources of estimation uncertainty for the preparation of interim financial statements are consistent with those made for the annual consolidated financial statements for the year ended December 31, 2025, except for the estimation method used to determine income tax expense, “and the application of the revaluation model for property, plant and equipment.”

- 33 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4. RISK MANAGEMENT

The Group is exposed to various risks that may arise from its operating activities and the main types of risks are credit risk, market risk, liquidity risk and etc. The Risk Management Organization analyzes and assesses the level of complex risks in order to manage the risks and the risk management standards such as policies, regulations, management systems and decision-making have been established and operated for sound management of the Group.

The risk management organization is operated by the Board Risk Management Committee, Chief Risk Officer (CRO), and Risk Management Department. The Board of Directors operates a Risk Management Committee comprised of outside directors for professional risk management. The Board Risk Management Committee plays a role as the top decision-making body in risk management by establishing basic policies for risk management that are in line with the Group’s management strategy and determining the risk level that the Group is willing to take.

The Chief Risk Officer (CRO) assists the Board Risk Management Committee and operates a Group Risk Management Council comprised of risk management managers of subsidiaries to periodically check and improve the risk burden of external environments and the Group. The risk management department is independent and is in charge of risk management of the Group. It also supports reporting and decision-making of key risk-related issues.

(1) Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Group’s credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1) Credit risk management

To measure credit risk, the Group considers the possibility of failure in performing the obligation by the counterparties, credit exposure to the counterparty, the related default risk and the rate of default loss. The Group uses the credit rating model to assess the possibility of counterparty’s default risk; and when assessing the obligor’s credit rating, other than quantitative methods utilizing financial statements and others, and assessor’s judgement, the Group utilizes credit rating derived using statistical methods.

In order to manage credit risk limit, the Group establishes the appropriate credit line per obligor, company or industry by monitoring obligor’s credit line, total exposures and loan portfolios when approving the loan.

- 34 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2) Measurement of expected credit loss

K-IFRS 1109 requires entities to measure loss allowance equal to 12-month expected credit losses or lifetime expected credit losses after classifying financial assets into one of the three stages, depending on the degree of increase in credit risk since their initial recognition.

Classification		Stage 1		Stage 2		Stage 3
Definition		No significant increase in credit risk after initial recognition (*)		Significant increase in credit risk after initial recognition		Credit- impaired
Loss allowance		12-month expected credit losses		Lifetime expected credit losses
		Expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date		Expected credit losses that result from all possible default events over the life of the financial instrument

(*) If the financial instrument has low credit risk at the end of the reporting period, the Group may assume that the credit risk has not increased significantly since initial recognition.

At the end of each reporting period the Group assesses whether credit risk has significantly increased since the date of initial recognition. The Group assesses whether the credit risk has increased significantly since initial recognition by using credit rating, asset quality level, early warning system, days past due and others. For financial assets whose contractual cash flows have been modified, the Group assesses whether there is a significant increase in credit risk on the same basis.

The Group performs the below assessment to both corporate and retail exposures, and indicators of significant increase in credit risk are as follows:

Corporate Exposures		Retail Exposures
Asset quality level ‘Precautionary’ or lower		Asset quality level ‘Precautionary’ or lower
More than 30 days past due		More than 30 days past due
‘Warning’ level in early warning system		Significant decrease in credit rating
Debtor experiencing financial difficulties (Capital impairment, Adverse opinion or Disclaimer of opinion by external auditors)		Deferment of repayment of principal and interest
Significant decrease in credit rating		Deferment of interest
Deferment of repayment of principal and interest
Deferment of interest

The Group concludes that credit is impaired when financial assets are under conditions stated below:

- When principal and interest of loan is overdue for 90 days or longer due to significant deterioration in credit

- For loans overdue for less than 90 days, when it is determined that not even a portion of the loan will be recovered unless claim actions such as disposal of collaterals are taken

- When other objective indicators of impairment have been noted for the financial asset.

The Group also incorporates forward looking into the estimates of default rates and loss given default. Considering the potential for latent insolvency due to increased internal and external economic uncertainties, the Group adjusts the forward looking to additionally recognize expected credit loss allowance.

The Group has estimated the allowance for credit losses using an estimation model that additionally reflects the forward looking information based on the past experience loss rate data.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Loss allowance is calculated by applying PD (Probability of Default) and LGD (Loss Given Default) estimated for each financial asset in consideration of factors such as obligor type, credit rating and portfolio. The estimates are regularly reviewed in order to reduce discrepancies with actual losses.

In measuring the expected credit losses, the Group is also using reasonable and supportable macroeconomic variables such as real GDP growth rate (real, original series), manufacturing capacity utilization rate, apartment sales price index (KB, Seoul), and unemployment rate (original series) in order to forecast future economic conditions.

The Group applies a future economic situation estimation model as follows, and the results are reviewed regularly.

3) Maximum exposure

The Group’s maximum exposure to credit risk shows the uncertainties related to the maximum possible variation of financial assets’ net value as a result of changes in the specific risk factors, prior to the consideration of collaterals that are recorded at net carrying amount after allowances and other credit enhancements. However, the maximum exposure is the fair value amount (recorded on the books) for derivatives, maximum contractual obligation for payment guarantees and unused amount of commitments for loan commitment.

The maximum exposure to credit risk as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

				March 31, 2026				December 31, 2025
Loans and other financial assets at amortized cost		Korean treasury and government agencies			1,067,328				538,314
		Banks			28,712,809				23,189,957
		Corporates			190,079,765				188,753,434
		Consumers			204,383,764				200,014,078
		Sub-total			424,243,666				412,495,783
Financial assets at FVTPL (*2)		Deposits			303,916				261,470
		Debt securities			9,771,484				9,552,081
		Loans			810,540				1,126,446
		Derivative assets			8,343,712				5,774,203
		Others			281,832				156,134
		Sub-total			19,511,484				16,870,334
Financial assets at FVTOCI		Debt securities and others			80,059,451				82,071,637
Securities at amortized cost		Debt securities			18,767,880				18,707,459
Derivative assets		Derivative assets (Designated for hedging)			150,822				217,180
Off-balance accounts		Payment guarantees (*3)			17,738,164				16,070,098
		Loan commitments			137,516,914				134,286,067
		Sub-total			155,255,078				150,356,165
		Total (*1)			697,988,381				680,718,558

(*1) Cash and cash equivalents are not included.

(*2) Puttable financial instruments are not included.

(*3) As of March 31, 2026 and December 31, 2025, the financial guarantee amount of 5,367,797 million Won and 5,032,808million Won are included, respectively.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

		March 31, 2026
		Korea				China				USA				UK				Japan				Others (*)				Total
Loans and other financial assets at amortized cost			391,150,902				6,274,079				6,929,451				815,005				1,325,379				17,748,850				424,243,666
Securities at amortized cost			17,896,465				92,498				650,331				—				—				128,586				18,767,880
Financial assets at FVTPL			16,215,958				189				1,201,742				736,890				222,262				1,134,443				19,511,484
Financial assets at FVTOCI			67,367,658				1,126,063				5,260,986				866,670				736,632				4,701,442				80,059,451
Derivative assets (Designated for hedging)			145,599				—				2,916				—				2,307				—				150,822
Off-balance accounts			147,680,670				1,107,979				1,474,181				410,927				51,936				4,529,385				155,255,078
Total			640,457,252				8,600,808				15,519,607				2,829,492				2,338,516				28,242,706				697,988,381

(*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.

		December 31, 2025
		Korea				China				USA				UK				Japan				Others (*)				Total
Loans and other financial assets at amortized cost			381,895,446				5,455,324				6,700,018				775,262				1,266,134				16,403,599				412,495,783
Securities at amortized cost			17,720,610				55,390				779,676				—				—				151,783				18,707,459
Financial assets at FVTPL			14,030,387				32				1,151,755				502,905				277,765				907,490				16,870,334
Financial assets at FVTOCI			70,443,271				1,102,112				4,752,496				400,316				591,861				4,781,581				82,071,637
Derivative assets (Designated for hedging)			180,170				—				30,719				—				6,291				—				217,180
Off-balance accounts			142,669,598				1,069,795				1,439,439				756,252				35,333				4,385,748				150,356,165
Total			626,939,482				7,682,653				14,854,103				2,434,735				2,177,384				26,630,201				680,718,558

(*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are service, manufacturing, finance and insurance, construction, individuals and others in accordance with the Korea Standard Industrial Classification Code as of March 31, 2026 and December 31, 2025 (Unit: Korean Won in millions):

		March 31, 2026
		Service				Manufacturing				Finance and insurance				Construction				Individuals				Others				Total
Loans and other financial assets at amortized cost			88,905,339				53,665,489				47,254,273				5,784,119				200,787,691				27,846,755				424,243,666
Securities at amortized cost			109,885				—				8,164,057				39,969				—				10,453,969				18,767,880
Financial assets at FVTPL			569,530				849,332				12,059,497				129,038				17				5,904,070				19,511,484
Financial assets at FVTOCI			550,986				1,449,171				36,327,076				797,504				—				40,934,714				80,059,451
Derivative assets (Designated for hedging)			—				—				150,822				—				—				—				150,822
Off-balance accounts			25,626,386				28,491,944				14,332,404				3,395,201				73,925,677				9,483,466				155,255,078
Total			115,762,126				84,455,936				118,288,129				10,145,831				274,713,385				94,622,974				697,988,381
		December 31, 2025
		Service				Manufacturing				Finance and insurance				Construction				Individuals				Others				Total
Loans and other financial assets at amortized cost			88,350,901				52,551,867				40,292,287				5,754,395				196,402,459				29,143,874				412,495,783
Securities at amortized cost			89,611				—				8,009,336				39,968				—				10,568,544				18,707,459
Financial assets at FVTPL			498,155				677,238				9,126,225				145,149				100				6,423,467				16,870,334
Financial assets at FVTOCI			388,717				1,308,907				39,468,777				867,980				—				40,037,256				82,071,637
Derivative assets (Designated for hedging)			—				—				217,180				—				—				—				217,180
Off-balance accounts			24,121,840				25,922,599				14,542,861				3,533,170				73,040,583				9,195,112				150,356,165
Total			113,449,224				80,460,611				111,656,666				10,340,662				269,443,142				95,368,253				680,718,558

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4) Credit risk exposure

a) Financial assets

The maximum exposure to credit risk by asset quality, except for financial assets at FVTPL and derivative asset (designated for hedging) as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

		March 31, 2026
		Stage 1								Stage 2
		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Stage 3				Credit impairment model				Total				Loss allowance				Total, net
Loans and other financial assets at amortized cost			364,365,294				32,562,793				13,989,579				12,092,964				3,763,923				1,219,408				427,993,961				(3,750,295	)			424,243,666
Korean treasury and government agencies			1,067,830				—				—				—				—				—				1,067,830				(502	)			1,067,328
Banks			28,277,129				466,985				126				—				—				—				28,744,240				(31,431	)			28,712,809
Corporates			155,997,252				25,594,916				3,107,106				4,601,535				1,731,630				1,219,408				192,251,847				(2,172,082	)			190,079,765
General business			110,384,283				16,297,675				2,336,760				3,074,591				1,096,202				—				133,189,511				(1,472,802	)			131,716,709
Small- and medium-sized enterprise			30,626,435				8,461,206				539,806				1,395,292				339,245				—				41,361,984				(422,025	)			40,939,959
Project financing and others			14,986,534				836,035				230,540				131,652				296,183				1,219,408				17,700,352				(277,255	)			17,423,097
Consumers			179,023,083				6,500,892				10,882,347				7,491,429				2,032,293				—				205,930,044				(1,546,280	)			204,383,764
Securities at amortized cost			18,778,922				—				—				—				—				—				18,778,922				(11,042	)			18,767,880
Financial assets at FVTOCI (*3)			79,885,922				173,529				—				—				—				—				80,059,451				(28,932	)			80,059,451
Total			463,030,138				32,736,322				13,989,579				12,092,964				3,763,923				1,219,408				526,832,334				(3,790,269	)			523,070,997

		March 31, 2026
		Collateral value
		Stage 1				Stage 2				Stage 3				Credit impairment model				Total
Loans and other financial assets at amortized cost			248,613,004				22,254,935				1,312,938				1,201,804				273,382,681
Korean treasury and government agencies			127,483				—				—				—				127,483
Banks			2,045,886				—				—				—				2,045,886
Corporates			104,600,058				6,566,928				763,547				1,201,804				113,132,337
General business			62,206,545				4,673,284				479,149				—				67,358,978
Small- and medium-sized enterprise			30,608,113				1,559,608				147,348				—				32,315,069
Project financing and others			11,785,400				334,036				137,050				1,201,804				13,458,290
Consumers			141,839,577				15,688,007				549,391				—				158,076,975
Securities at amortized cost			—				—				—				—				—
Financial assets at FVTOCI (*3)			—				—				—				—				—
Total			248,613,004				22,254,935				1,312,938				1,201,804				273,382,681

(*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(*2) Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~ 10.

(*3) Financial assets at FVTOCI have been disclosed as the amount before deducting loss allowance because loss allowance does not reduce the carrying amount.

- 39 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Stage 1								Stage 2
		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Stage 3				Credit impairment model				Total				Loss allowance				Total, net
Loans and other financial assets at amortized cost			354,069,178				30,632,768				13,842,896				12,837,364				3,564,522				1,137,650				416,084,378				(3,588,595	)			412,495,783
Korean treasury and government agencies			539,215				—				—				—				—				—				539,215				(901	)			538,314
Banks			22,832,170				380,843				—				—				—				—				23,213,013				(23,056	)			23,189,957
Corporates			155,984,903				23,571,082				3,177,635				5,395,186				1,733,385				1,137,650				190,999,841				(2,246,407	)			188,753,434
General business			107,006,628				14,727,532				2,404,812				3,754,332				1,102,892				—				128,996,196				(1,518,049	)			127,478,147
Small- and medium-sized enterprise			33,828,252				8,118,497				542,006				1,469,338				368,686				—				44,326,779				(456,931	)			43,869,848
Project financing and others			15,150,023				725,053				230,817				171,516				261,807				1,137,650				17,676,866				(271,427	)			17,405,439
Consumers			174,712,890				6,680,843				10,665,261				7,442,178				1,831,137				—				201,332,309				(1,318,231	)			200,014,078
Securities at amortized cost			18,718,526				—				—				—				—				—				18,718,526				(11,067	)			18,707,459
Financial assets at FVTOCI (*3)			81,911,940				159,697				—				—				—				—				82,071,637				(29,204	)			82,071,637
Total			454,699,644				30,792,465				13,842,896				12,837,364				3,564,522				1,137,650				516,874,541				(3,628,866	)			513,274,879

		December 31, 2025
		Collateral value
		Stage 1				Stage 2				Stage 3				Credit impairment model				Total
Loans and other financial assets at amortized cost			242,664,753				22,382,806				1,219,109				1,128,343				267,395,011
Korean treasury and government agencies			103,817				—				—				—				103,817
Banks			1,815,479				—				—				—				1,815,479
Corporates			99,471,630				7,066,546				720,305				1,128,343				108,386,824
General business			61,218,056				5,128,816				516,966				—				66,863,838
Small- and medium-sized enterprise			26,662,910				1,594,623				142,383				—				28,399,916
Project financing and others			11,590,664				343,107				60,956				1,128,343				13,123,070
Consumers			141,273,827				15,316,260				498,804				—				157,088,891
Securities at amortized cost			—				—				—				—				—
Financial assets at FVTOCI (*3)			—				—				—				—				—
Total			242,664,753				22,382,806				1,219,109				1,128,343				267,395,011

(*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(*2) Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~ 10.

(*3) Financial assets at FVTOCI has been disclosed as the amount before deducting loss allowance because loss allowance does not reduce the carrying amount.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

b) Payment Guarantees and commitments

The credit quality of the payment guarantees and loan commitments as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026
Financial assets		Stage 1								Stage 2								Stage 3				Total
		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)
Off-balance accounts:
Payment Guarantees			16,789,937				798,275				61,752				69,460				18,740				17,738,164
Loan Commitments			130,584,989				3,775,914				2,708,524				413,639				33,848				137,516,914
Total			147,374,926				4,574,189				2,770,276				483,099				52,588				155,255,078

(*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(*2) Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~ 10.

		December 31, 2025
Financial assets		Stage 1								Stage 2								Stage3				Total
		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)
Off-balance accounts:
Payment guarantees			15,186,145				776,039				18,603				66,204				23,107				16,070,098
Loan commitments			127,446,436				3,821,389				2,461,016				521,696				35,530				134,286,067
Total			142,632,581				4,597,428				2,479,619				587,900				58,637				150,356,165

(*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(*2) Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~ 10.

5) Collateral and other credit enhancements

For the three-month period ended March 31, 2026, there have been no significant changes in the value of collateral or other credit enhancements held by the Group and there have been no significant changes in collateral or other credit enhancements due to changes in the collateral policy of the Group.

- 41 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates.

1) Market risk management

Market risk management refers to the process of making and implementing decisions for the avoidance, acceptance or mitigation of risks by identifying the underlying source of the risks, measuring its level, and evaluating the appropriateness of the level of accepted market risks for both trading and non-trading activities.

a) Trading activities

The Group uses the standard approach and internal model approach (Woori Bank) in measuring market risk for trading positions, and allocates market risk capital through the Board Risk Management Committee. Risk management departments of the Group and its subsidiaries manage limits in detail including those on risk and loss with their management result regularly reported to the Board Risk Management Committee.

Subsidiaries such as Woori Bank manage market internal capital limits using the Basel III standard approach, and other subsidiaries manage market risks by applying the simple method.

The Basel III standard approach consists of a sensitivity method that measures linear and nonlinear losses that may occur due to unfavorable fluctuations in market risk factors, default risks that may occur due to sudden default, and residual risk-bearing equity capital for other losses.

b) Non-trading activities

From the end of 2019 for the Bank and the beginning of 2021 for non-banking subsidiaries, the Bank and its subsidiaries manage and measure interest risk for non-trading activities through ΔNII (Change in Net Interest Income) and ΔEVE (Change in Economic Value of Equity) in accordance with IRRBB (Interest Rate Risk in the Banking Book).

ΔNII represents a change in net interest income that may occur over a certain period (e.g. one year) due to changes in interest rates, and ΔEVE indicates the economic value changes in equity capital that could be caused by changes in interest rates affecting the present value of asset, liabilities, and off-balance accounts.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Liquidity risk

Liquidity risk refers to the risk that the Group may encounter difficulties in meeting obligations from its financial liabilities.

1) Liquidity risk management

Liquidity risk management is to prevent potential cash shortages as a result of mismatching maturity of assets and liabilities or unexpected cash outflows. The consolidated financial liabilities that are relevant to liquidity risk are incorporated within the scope of risk management.

Assets and liabilities are grouped by account under Asset Liability Management (“ALM”) in accordance with the characteristics of the account. The Group manages liquidity risk by identifying the maturity gap and such gap ratio through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.), while maintaining the gap ratio at or below the target limit.

The information on early repayment related to asset securitization is described in Note 34. Contingent Liabilities and Commitments (4) 3).

2) Maturity analysis of non-derivative financial liabilities

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Within 3 months				4 to 6 months				7 to 9 months				10 to 12 months				1 to 5 years				Over 5 years				Total
Financial liabilities at FVTPL			407,699				102,922				112,104				454,094				242,387				—				1,319,206
Deposits due to customers			234,799,020				41,407,378				47,642,522				33,576,325				19,915,425				1,173,299				378,513,969
Borrowings			17,438,104				4,916,948				3,885,423				3,946,867				4,711,143				509,506				35,407,991
Debentures			4,813,477				4,748,325				4,639,096				5,511,519				33,534,856				4,221,026				57,468,299
Lease liabilities			63,182				57,647				51,463				46,118				355,007				43,864				617,281
Other financial liabilities (*)			38,848,473				208,835				47,589				38,898				1,380,584				3,585,965				44,110,344
Investment contract liabilities			3,647,189				—				—				—				—				—				3,647,189
Total			300,017,144				51,442,055				56,378,197				43,573,821				60,139,402				9,533,660				521,084,279
		December 31, 2025
		Within 3 months				4 to 6 months				7 to 9 months				10 to 12 months				1 to 5 years				Over 5 years				Total
Financial liabilities at FVTPL			456,606				103,174				131,181				310,111				324,118				17,501				1,342,691
Deposits due to customers			239,003,957				43,936,717				31,733,945				47,843,702				18,670,748				1,212,186				382,401,255
Borrowings			18,209,601				4,676,557				3,879,109				3,202,042				3,881,934				518,214				34,367,457
Debentures			7,015,353				3,594,266				4,732,824				4,586,030				35,650,614				4,127,981				59,707,068
Lease liabilities			66,838				55,213				50,236				43,549				357,379				44,575				617,790
Other financial liabilities(*)			24,614,468				194,968				35,049				47,917				1,103,857				3,849,974				29,846,233
Investment contract liabilities			3,702,780				—				—				—				—				—				3,702,780
Total			293,069,603				52,560,895				40,562,344				56,033,351				59,988,650				9,770,431				511,985,274

(*) Lease liabilities are not included.

- 43 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

3) Maturity analysis of derivative financial liabilities

Derivatives held for trading purpose are not managed in accordance with their contractual maturity, since the Group holds such financial instruments with the purpose of disposing or redemption before their maturity. As such, those derivatives are incorporated as “within 3 months” in the table below. Derivatives designated for hedging purpose are estimated by offsetting cash inflows and cash outflows.

The cash flow by the maturity of derivative financial liabilities as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

				Remaining maturity
				Within 3 months				4 to 6 months				7 to 9 months				10 to 12 months				1 to 5 years				Over 5 years				Total
March 31, 2026		Cash flow risk hedge			880,491				115,920				760,926				36,301				1,113,650				62,659				2,969,947
		Fair value risk hedge			51,449				26,094				41,021				(12,993	)			78,579				(36,931	)			147,219
		Trading purpose			7,473,900				—				—				—				—				—				7,473,900
December 31, 2025		Cash flow risk hedge			245,304				721,902				69,178				691,883				608,819				35,265				2,372,351
		Fair value risk hedge			8,927				24,385				15,933				20,814				38,364				(10,613	)			97,810
		Trading purpose			5,129,664				—				—				—				—				—				5,129,664

4) Maturity analysis of off-balance accounts (Payment guarantees, commitments, and etc.)

A payment guarantee represents an irrevocable undertaking that the Group should meet a customer’s obligations to third parties if the customer fails to do so. The loan commitment represents the limit if the Group has promised a credit to the customer. Loan commitments include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits and utilized overdraft facilities. The maximum limit to be paid by the Group in accordance with guarantees and loan commitment only applies to principal amounts. There are contractual maturities for payment guarantees, such as financial guarantees for debentures issued or loans, unused loan commitments, and other credits, however, under the terms of the guarantees and unused loan commitments, funds should be paid upon demand from the counterparty. Details of off-balance accounts as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Payment guarantees			17,738,164				16,070,098
Loan commitments			137,516,914				134,286,067
Other commitments			6,706,752				5,806,012

(4) Operational risk

The Group defines the operational risk that could cause a negative effect on capital resulting from inadequate internal process, people and systematic problem or external factors.

1) Operational risk management

The Group has established and operated a group operational risk management system to cope with new Basel III global regulations, which is implemented since 2023, and the management of operational risks follows the procedures for risk recognition, evaluation, measurement, monitoring and reporting, risk control and mitigation.

2) Operational risk measurement

The Group measures operational risk capital using the Basel III standardized approach. This approach calculates the required operational risk capital by multiplying the Business Indicator Component (BIC), which represents the scale of operations, with the Internal Loss Multiplier (ILM), which reflects the magnitude of actual historical internal losses relative to the scale of operations.

- 44 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Operational risk limits are set with the approval of the Board Risk Management Committee. The Group regularly calculates the operational risk capital and reports any limit breaches to the management and the Board Risk Management Committee.

Since a reduction in the size of internal loss events leads to a decrease in operational risk capital, it is important to prevent loss events in advance. Accordingly, the Group conducts operational risk management activities using tools such as Risk Control Self-Assessment (RCSA), Key Risk Indicators (KRI), and loss data. Additionally, to ensure continuity of operations in emergency situations such as disasters, the major subsidiaries have established a Business Continuity Plan (BCP) and conducts annual simulation drills.

5. OPERATING SEGMENTS

In evaluating the results of the Group and allocating resources, the Group’s Chief Operating Decision Maker (“CODM”) utilizes the method of disclosing the financial information of the segments based on the organization of the Group. This financial information of the segments in this note is regularly reviewed by the CODM.

(1) Segment by type of organization

The Group’s reporting segments consist of banking, insurance, credit card, capital, investment securities and other sectors, and the composition of such reporting segments was divided based on internal report data periodically reviewed by the management to evaluate the performance of the segment and make decisions on the resources to be distributed.

		Operational scope
Banking		Loans/deposits and relevant services for customers of Woori Bank
Insurance		Contracting and maintenance of insurance policies, payment of insurance benefits, provision of life insurance-related services, and accompanying business for customers of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd.
Credit card		Credit card, cash services, card loans and accompanying business of Woori Card Co., Ltd.
Capital		Installments, loans including lease financing, and accompanying business of Woori Financial Capital Co., Ltd.
Investment securities		Securities operation, sale of financial instruments, project financing and other related activities for investment securities of Woori Investment Securities Co., Ltd.
Others		Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank., Woori Asset Management Corp., Ltd., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) The composition of each organization’s sectors for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Banking (*1)				Life Insurance				Credit card				Capital				Investment securities				Others (*2)				Sub-total				Other adjustments (*3)				Internal adjustments (*4)				Consolidated Adjustments (*5)				Total
Net interest income			1,780,201				(64,890	)			193,540				51,929				28,717				6,171				1,995,668				35,992				266,165				5,328				2,303,153
Non-interest income (expense)			437,766				164,125				42,307				57,815				41,368				1,334,104				2,077,485				3,199				(263,437	)			(1,362,654	)			454,593
Impairment losses due to credit loss			(365,659	)			(8,867	)			(100,422	)			(33,985	)			(8,637	)			(7,271	)			(524,841	)			(858	)			(2,745	)			1,662				(526,782	)
General and administrative expense			(1,188,382	)			(24,060	)			(79,775	)			(25,103	)			(44,802	)			(112,608	)			(1,474,730	)			(148	)			—				52,069				(1,422,809	)
Net operating income (expense)			663,926				66,308				55,650				50,656				16,646				1,220,396				2,073,582				38,185				(17	)			(1,303,595	)			808,155
Share of gain of associates			10,055				2,256				—				(360	)			(55	)			1,300				13,196				—				—				15,567				28,763
Other non-operating expense			7,639				4,577				(285	)			(8	)			(20	)			1,863				13,766				473				17				(2,982	)			11,274
Non-operating income (expense)			17,694				6,833				(285	)			(368	)			(75	)			3,163				26,962				473				17				12,585				40,037
Net income (expense) before tax			681,620				73,141				55,365				50,288				16,571				1,223,559				2,100,544				38,658				—				(1,291,010	)			848,192
Tax expense			(159,822	)			(18,184	)			(10,430	)			(10,537	)			(2,530	)			(7,688	)			(209,191	)			—				—				432				(208,759	)
Net income (loss)			521,798				54,957				44,935				39,751				14,041				1,215,871				1,891,353				38,658				—				(1,290,578	)			639,433
Total assets			513,322,091				53,964,040				17,393,814				12,680,221				10,740,879				33,181,142				641,282,187				3,945,846				—				(32,642,733	)			612,585,300
Investment in associate			833,202				5,710				—				30,199				8,860				25,932,245				26,810,216				—				—				(25,010,758	)			1,799,458
Other assets			512,488,889				53,958,330				17,393,814				12,650,022				10,732,019				7,248,897				614,471,971				3,945,846				—				(7,631,975	)			610,785,842
Total liabilities			482,643,164				50,814,844				14,473,231				10,835,082				9,516,294				7,191,198				575,473,813				74,308				—				(2,869,129	)			572,678,992

(*1) The banking sector includes banks and their consolidated subsidiaries (such as overseas subsidiaries).

(*2) Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.

(*3) Other adjustments include the funds subject to Group’s consolidation not included in the reporting segment.

(*4) Internal reconciliation includes the adjustment of deposit insurance premiums of 126,607 million Won and fund contribution fees of 139,984 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance with management accounting standards as profit and loss in accordance with accounting standards.

(*5) Consolidation adjustments include the elimination of 40,423 million Won of internal transactions between Woori FIS Co., Ltd., the group’s IT service agency, and affiliates, and the removal of 1,243,373 million Won of dividends received by the holding company from its subsidiaries.

- 46 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

						For the three-month period ended March 31, 2025
		Banking(*1)				Credit card				Capital				Investment securities				Others (*2)				Sub-total				Other adjustments (*3)				Internal adjustments (*4)				Consolidated Adjustments (*5)				Total
Net interest income			1,662,549				186,359				51,567				25,038				24,861				1,950,374				40,667				260,383				567				2,251,991
Non-interest income(expense)			518,018				51,133				44,554				14,540				1,504,725				2,132,970				(5,181	)			(237,518	)			(1,531,326	)			358,945
Impairment losses due to credit loss			(238,724	)			(103,778	)			(31,117	)			(10,255	)			(29,706	)			(413,580	)			642				(22,901	)			338				(435,501	)
General and administrative expense			(1,126,784	)			(74,536	)			(24,666	)			(28,169	)			(102,795	)			(1,356,950	)			(161	)			—				50,939				(1,306,172	)
Net operating income(expense)			815,059				59,178				40,338				1,154				1,397,085				2,312,814				35,967				(36	)			(1,479,482	)			869,263
Share of gain of associates			1,869				—				(325	)			44				2,985				4,573				1,742				—				3,720				10,035
Other non-operating expense			1,253				(14,010	)			(7	)			22				145				(12,597	)			454				36				(2,596	)			(14,703	)
Non-operating income(expense)			3,122				(14,010	)			(332	)			66				3,130				(8,024	)			2,196				36				1,124				(4,668	)
Net income(expense) before tax			818,181				45,168				40,006				1,220				1,400,215				2,304,790				38,163				—				(1,478,358	)			864,595
Tax expense			(182,963	)			(11,990	)			(9,376	)			67				(7,396	)			(211,658	)			—				—				1,619				(210,039	)
Net income(loss)			635,218				33,178				30,630				1,287				1,392,819				2,093,132				38,163				—				(1,476,739	)			654,556
Total assets			494,062,206				16,000,783				12,446,351				7,670,803				32,087,028				562,267,171				3,702,197				—				(33,273,104	)			532,696,264
Investment in associate			1,057,250				—				31,880				3,339				24,490,180				25,582,649				4,832				—				(23,838,703	)			1,748,778
Other assets			493,004,956				16,000,783				12,414,471				7,667,464				7,596,848				536,684,522				3,697,365				—				(9,434,401	)			530,947,486
Total liabilities			465,902,343				13,224,992				10,721,208				6,521,593				5,804,817				502,174,953				76,142				—				(5,077,833	)			497,173,262

(*1) The banking sector includes banks and their consolidated subsidiaries(such as overseas subsidiaries).

(*2) Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.

(*3) Other segments include the funds subject to Group’s consolidation not included in the reporting segment.

(*4) Internal reconciliation includes the adjustment of deposit insurance premiums of 130,370 million Won and fund contribution fees of 130,108 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance with management accounting standards as profit and loss in accordance with accounting standards.

(*5) Consolidation adjustments include the elimination of 37,793 million Won of internal transactions between Woori FIS Co., Ltd., the group’s IT service agency, and affiliates, and the removal of 1,429,225 million Won of dividends received by the holding company from its subsidiaries.

- 47 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Operating profit or loss from external customers for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
Details		2026				2025
Domestic			847,806				741,900
Foreign			(39,651	)			127,363
Total			808,155				869,263

(4) Major non-current assets as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

Details (*)		March 31, 2026				December 31, 2025
Domestic			9,297,640				7,364,083
Foreign			599,772				552,243
Total			9,897,412				7,916,326

(*) Major non-current assets included joint ventures and related business investments, investment properties, premises and equipment, and intangible assets.

(5) Information about major customers

The Group does not have any single customer that generates 10% or more of the Group’s total revenue for the three-month periods ended March 31, 2026 and 2025.

6. STATEMENTS OF CASH FLOWS

(1) Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Cash			2,743,781				1,826,020
Foreign currencies			958,338				642,158
Demand deposits			30,761,063				35,891,982
Fixed deposits			107,292				139,519
Total			34,570,474				38,499,679

(2) Details of restricted cash and cash equivalents are as follows (Unit: Korean Won in millions)

		Counterparty		March 31, 2026				Reason of restriction
Due from banks in local currency:
Due from BOK		BOK			12,358,542			Reserve deposits under the BOK Act
Due from banks in foreign currencies:
Due from banks on demand		Bank of Japan and others			2,641,486			Reserve deposits etc.
Total					15,000,028

		Counterparty		December 31, 2025				Reason of restriction
Due from banks in local currency:
Due from BOK		BOK			16,555,802			Reserve deposits under the BOK Act
Due from banks in foreign currencies:
Due from banks on demand		BOK and others			6,919,255			Reserve deposits etc.
Total					23,475,057

- 48 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

7. FINANCIAL ASSETS AT FVTPL

(1) Details of financial assets at FVTPL as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Financial assets at fair value through profit or loss			37,038,061				34,245,475

(2) Financial assets at fair value through profit or loss as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Deposits:
Gold banking asset			303,916				261,470
Securities:
Debt securities
Korean treasury and government agencies			5,701,422				6,044,402
Financial institutions			1,160,224				883,209
Corporates			1,954,952				1,614,666
Foreign currency bond			692,929				698,615
Others			261,957				311,189
Equity securities			1,701,360				1,613,419
Capital contributions			3,224,684				3,085,315
Beneficiary certificates			12,253,872				12,359,483
Others			537,900				387,342
Sub-total			27,489,300				26,997,640
Loans			810,540				1,126,446
Derivatives assets			8,343,712				5,774,203
Other financial assets			90,593				85,716
Total			37,038,061				34,245,475

The Group does not have financial assets at fair value through profit or loss designated as upon initial recognition as of March 31, 2026 and December 31, 2025.

8. FINANCIAL ASSETS AT FVTOCI

(1) Details of financial assets at FVTOCI as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Debt securities:
Korean treasury and government agencies			21,404,617				20,371,690
Financial institutions			28,721,753				32,931,685
Corporates			10,807,293				10,108,432
Bond denominated in foreign currencies			14,320,304				12,974,851
Securities loaned			4,794,556				5,674,738
Sub-total			80,048,523				82,061,396
Equity securities: (*)
Stocks			1,297,934				1,011,907
Capital contributions			11,634				11,634
Others			391,294				404,344
Sub-total			1,700,862				1,427,885
Loans:			10,928				10,241
Total			81,760,313				83,499,522

- 49 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*) The equity instruments are designated as financial assets at fair value through other comprehensive income (FVTOCI), as they are held for strategic business alliances, acquisitions through debt-to-equity conversions, and similar purposes.

(2) The fair value gains or losses recognized in other comprehensive income related to equity securities designated as financial assets measured at fair value through other comprehensive income (FVTOCI) for the periods ended March 31, 2026 and 2025, are as follows (Unit: Korean Won in millions):

		For the three-month period ended
		March 31, 2026								March 31, 2025
		Disposals				Holdings				Disposals				Holdings
Equity securities:
Stocks			81				61,950				(4,716	)			44,610
Capital contributions			—				—				—				—
Others			—				(13,050	)			—				—
Total			81				48,900				(4,716	)			44,610

(3) Details of equity securities designated as financial assets measured at fair value through other comprehensive income (FVTOCI) that were disposed of during the periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

		For the three-month period ended
		March 31, 2026 (*1)								March 31, 2025 (*2)
		Fair value at disposal				Cumulative gain (loss)				Fair value at disposal				Cumulative gain (loss)
Equity securities:
Stocks			712				252				42				(1,353	)
Capital contributions			—				—				—				—
Others			—				—				—				—
Total			712				252				42				(1,353	)

(*1) It was disposed due to a change in the purpose of holding.

(*2) It was disposed of due to the disposal of shares acquired through debt-to-equity conversions and other related reasons.

(4) Changes in the loss allowance and gross carrying amount of financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

1) Loss allowance

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(29,204	)			—				—				(29,204	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Provision of loss allowance			(1,916	)			—				—				(1,916	)
Disposal			2,275				—				—				2,275
Others (*)			(87	)			—				—				(87	)
Ending balance			(28,932	)			—				—				(28,932	)

(*) Others consist of foreign currencies translation, etc.

- 50 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(29,084	)			—				—				(29,084	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Provision of loss allowance			(728	)			—				—				(728	)
Disposal			1,531				—				—				1,531
Others (*)			(240	)			—				—				(240	)
Ending balance			(28,521	)			—				—				(28,521	)

(*) Others consist of foreign currencies translation, etc.

2) Gross carrying amount

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			82,071,637				—				—				82,071,637
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Acquisition			12,355,271				—				—				12,355,271
Disposal / Recovery			(13,120,774	)			—				—				(13,120,774	)
Gain (loss) on valuation			(1,968,788	)			—				—				(1,968,788	)
Amortization based on effective interest method			66,088				—				—				66,088
Others (*)			656,017				—				—				656,017
Ending balance			80,059,451				—				—				80,059,451

(*) Others consist of foreign currencies translation, etc.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			42,922,671				—				—				42,922,671
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Acquisition			7,893,050				—				—				7,893,050
Disposal / Recovery			(8,702,613	)			—				—				(8,702,613	)
Gain (loss) on valuation			66,549				—				—				66,549
Amortization based on effective interest method			49,574				—				—				49,574
Others (*)			(132,713	)			—				—				(132,713	)
Ending balance			42,096,518				—				—				42,096,518

(*) Others consist of foreign currencies translation, etc.

- 51 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

9. SECURITIES AT AMORTIZED COST

(1) Details of securities at amortized cost as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Korean treasury and government agencies			9,500,220				9,698,695
Financial institutions			3,688,821				3,352,648
Corporates			4,633,080				4,587,881
Bond denominated in foreign currencies			956,801				1,079,302
Allowance for credit losses			(11,042	)			(11,067	)
Total			18,767,880				18,707,459

(2) Changes in the loss allowance and gross carrying amount of securities at amortized cost are as follows (Unit: Korean Won in millions):

1) Loss allowance

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(11,067	)			—				—				(11,067	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Reversal of loss allowance			52				—				—				52
Others (*)			(27	)			—				—				(27	)
Ending balance			(11,042	)			—				—				(11,042	)

(*) Others consist of foreign currencies translation, etc.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(10,763	)			—				—				(10,763	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Reversal of loss allowance			90				—				—				90
Others (*)			4				—				—				4
Ending balance			(10,669	)			—				—				(10,669	)

(*) Others consist of foreign currencies translation, etc.

2) Gross carrying amount

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			18,718,526				—				—				18,718,526
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Acquisition			956,205				—				—				956,205
Disposal / Recovery			(977,562	)			—				—				(977,562	)
Amortization based on effective interest method			28,688				—				—				28,688
Others (*)			53,065				—				—				53,065
Ending balance			18,778,922				—				—				18,778,922

- 52 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*) Others consist of foreign currencies translation, etc.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			19,213,940				—				—				19,213,940
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Acquisition			1,005,252				—				—				1,005,252
Disposal / Recovery			(1,167,209	)			—				—				(1,167,209	)
Amortization based on effective interest method			26,839				—				—				26,839
Others (*)			(3,729	)			—				—				(3,729	)
Ending balance			19,075,093				—				—				19,075,093

(*) Others consist of foreign currencies translation, etc.

10. LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST

(1) Details of loans and other financial assets at amortized cost as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Due from banks			3,486,168				2,674,644
Loans			397,896,585				398,706,030
Other financial assets			22,860,913				11,115,109
Total			424,243,666				412,495,783

(2) Details of due from banks are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Due from banks in local currency:
Due from depository banks			499,255				531,542
Due from non-depository institutions			21,755				20,624
Due for securities trading			311,480				196,557
Others			361,724				407,445
Loss allowance			(1,032	)			(408	)
Sub-total			1,193,182				1,155,760
Due from banks in foreign currencies:
Due from banks on demand			172,382				149,839
Due from banks on time			442,919				276,498
Others			1,684,461				1,096,819
Loss allowance			(6,776	)			(4,272	)
Sub-total			2,292,986				1,518,884
Total			3,486,168				2,674,644

(3) Details of restricted due from banks are as follows (Unit: Korean Won in millions):

		Counterparty		March 31, 2026				Reason of restriction
Due from banks in local currency:
Others		Citi Bank and others			238,415			Reserve deposits and others
Securities trading		Korea exchange and Korea Securities Finance Corporation			302,321			Customer deposit refund reserve and futures trading margin and others
		Sub-total			540,736
Due from banks in foreign currencies:
Due from banks on demand		National Bank of Cambodia and others			171,730			Reserve deposits and others
Due from banks on time		TORONTO DOMINION BANK, NEW YORK and others			181,608			Federal Reserve Discount Window and others
Others		GOLDMAN SACHS INTL., LON and others			1,224,867			CSA collateral and others
		Sub-total			1,578,205
		Total			2,118,941

- 53 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Counterparty		December 31, 2025				Reason of restriction
Due from banks in local currency:
Others		Citi Bank and others			248,704			Reserve deposits
Securities trading		Korea Exchange Co.,Ltd. and Korea Securities Finance Corporation and others			165,304			Customer deposit refund reserve and futures trading margin and others
		Sub-total			414,008
Due from banks in foreign currencies:
Due from banks on demand		National Bank of Cambodia and others			149,279			Reserve deposits and others
Due from banks on time		Toronto Dominion Bank, New York, and others			129,141			Federal Reserve Discount Window
Others		GOLDMAN SACHS INTL., LON and others			775,829			CSA collateral and others
		Sub-total			1,054,249
		Total			1,468,257

(4) Changes in the loss allowance and gross carrying amount of due from banks are as follows (Unit: Korean Won in millions):

1) Allowance for credit losses

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(4,680	)			—				—				(4,680	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Provision for allowance for credit loss			(3,052	)			—				—				(3,052	)
Others (*)			(76	)			—				—				(76	)
Ending balance			(7,808	)			—				—				(7,808	)

(*) Changes due to foreign currencies translation, etc.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(6,327	)			—				—				(6,327	)
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Reversal for allowance for credit loss			350				—				—				350
Others (*)			(20	)			—				—				(20	)
Ending balance			(5,997	)			—				—				(5,997	)

(*) Changes due to foreign currencies translation, etc.

- 54 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2) Gross carrying amount

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			2,679,324				—				—				2,679,324
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Net increase(decrease)			761,315				—				—				761,315
Others (*)			53,337				—				—				53,337
Ending balance			3,493,976				—				—				3,493,976

(*) Changes due to foreign currencies translation, etc.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			2,636,931				—				—				2,636,931
Transfer to 12-month expected credit losses			—				—				—				—
Transfer to lifetime expected credit losses			—				—				—				—
Transfer to credit-impaired financial assets			—				—				—				—
Net increase(decrease)			(61,858	)			—				—				(61,858	)
Others (*)			2,294				—				—				2,294
Ending balance			2,577,367				—				—				2,577,367

(*) Changes due to foreign currencies translation, etc.

(5) Details of loans are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Loans in local currency			325,009,413				322,659,399
Loans in foreign currencies			35,636,382				32,375,735
Domestic banker’s usance			2,909,377				2,647,891
Credit card accounts			13,883,581				13,960,884
Bills bought in foreign currencies			4,043,914				4,396,122
Bills bought in local currency			88,676				82,657
Factoring receivables			7,049				6,315
Advances for customers on guarantees			31,334				12,602
Private placement bonds			731,377				669,431
Securitized loans			3,310,946				3,325,383
Call loans			2,677,346				2,430,625
Bonds purchased under resale agreements			7,978,138				14,598,594
Financial lease receivables			924,887				991,331
Installment financial bond			2,440,229				2,429,860
Securities loans			723,115				445,960
Others			2,258				2,257
Loan origination costs and fees			926,881				926,343
Discounted present value			(9,215	)			(9,107	)
Allowance for credit losses			(3,419,103)				(3,246,252)
Total			397,896,585				398,706,030

- 55 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6) Changes in the loss allowance of loans are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Consumers												Corporates
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			(204,589	)			(157,463	)			(316,231	)			(956,618	)			(480,701	)			(689,861	)			(9,309	)
Transfer to 12-month expected credit losses			(20,763	)			20,172				591				(35,859	)			34,730				1,129				—
Transfer to lifetime expected credit losses			13,074				(16,019	)			2,945				14,490				(16,814	)			2,324				—
Transfer to credit-impaired financial assets			2,941				19,506				(22,447	)			9,561				56,163				(65,724	)			—
Net reversal(provision) of allowance for credit losses			(5,848	)			(26,528	)			(197,784	)			(10,368	)			(5,179	)			(175,458	)			(5,549	)
Recovery			—				—				(11,303	)			—				—				(21,902	)			—
Charge-off			—				—				65,346				—				—				155,686				—
Disposal			35				236				17,356				3				651				60,937				2,055
Interest income from impaired loans			—				—				4,275				—				—				8,591				—
Others			(827	)			(1,113	)			(4,671	)			(3,422	)			(862	)			(3,086	)			(1,539	)
Ending balance			(215,977	)			(161,209	)			(461,923	)			(982,213	)			(412,012	)			(727,364	)			(14,342	)
3
		For the three-month period ended March 31, 2026
		Credit card accounts												Total
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			(130,557	)			(103,829	)			(197,094	)			(1,291,764	)			(741,993	)			(1,203,186	)			(9,309	)
Transfer to 12-month expected credit losses			(16,280	)			16,221				59				(72,902	)			71,123				1,779				—
Transfer to lifetime expected credit losses			7,705				(8,956	)			1,251				35,269				(41,789	)			6,520				—
Transfer to credit-impaired financial assets			1,182				26,605				(27,787	)			13,684				102,274				(115,958	)			—
Net reversal(provision) of allowance for credit losses			3,942				(35,816	)			(79,245	)			(12,274	)			(67,523	)			(452,487	)			(5,549	)
Recovery			—				—				(5,798	)			—				—				(39,003	)			—
Charge-off			—				—				77,153				—				—				298,185				—
Disposal			—				—				27,181				38				887				105,474				2,055
Interest income from impaired loans			—				—				—				—				—				12,866				—
Others			—				—				—				(4,249	)			(1,975	)			(7,757	)			(1,539	)
Ending balance			(134,008	)			(105,775	)			(204,280	)			(1,332,198	)			(678,996	)			(1,393,567	)			(14,342	)

- 56 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Consumers												Corporates
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			(228,330	)			(148,315	)			(280,125	)			(971,499	)			(699,646	)			(625,921	)			(7,295	)
Transfer to 12-month expected credit losses			(22,762	)			22,063				699				(58,285	)			56,846				1,439				—
Transfer to lifetime expected credit losses			16,700				(19,951	)			3,251				18,867				(23,579	)			4,712				—
Transfer to credit-impaired financial assets			4,076				24,975				(29,051	)			6,005				126,331				(132,336	)			—
Net reversal(provision) of allowance for credit losses			37,355				(47,357	)			(53,373	)			17,998				(83,644	)			(179,363	)			(2,680	)
Recovery			—				—				(10,929	)			—				—				(6,165	)			—
Charge-off			—				—				43,533				—				—				99,592				—
Disposal			2				127				16,555				—				391				38,899				1,570
Interest income from impaired loans			—				—				3,877				—				—				6,922				—
Others			(1,256	)			(149	)			2,391				5,813				936				4,827				(1,547	)
Ending balance			(194,215	)			(168,607	)			(303,172	)			(981,101	)			(622,365	)			(787,394	)			(9,952	)
		For the three-month period ended March 31, 2025
		Credit card accounts												Total
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			(123,297	)			(115,030	)			(158,167	)			(1,323,126	)			(962,991	)			(1,064,213	)			(7,295	)
Transfer to 12-month expected credit losses			(17,615	)			17,523				92				(98,662	)			96,432				2,230				—
Transfer to lifetime expected credit losses			10,109				(11,221	)			1,112				45,676				(54,751	)			9,075				—
Transfer to credit-impaired financial assets			3,101				26,478				(29,579	)			13,182				177,784				(190,966	)			—
Net reversal(provision) of allowance for credit losses			4,854				(43,263	)			(77,391	)			60,207				(174,264	)			(310,127	)			(2,680	)
Recovery			—				—				(5,930	)			—				—				(23,024	)			—
Charge-off			—				—				76,260				—				—				219,385				—
Disposal			—				—				14,518				2				518				69,972				1,570
Interest income from impaired loans			—				—				—				—				—				10,799				—
Others			—				—				—				4,557				787				7,218				(1,547	)
Ending balance			(122,848	)			(125,513	)			(179,085	)			(1,298,164	)			(916,485	)			(1,269,651	)			(9,952	)

- 57 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7) Changes in the gross carrying amount of loans are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Consumers												Corporates
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			147,019,855				15,304,705				932,172				211,707,132				10,163,569				1,717,711				1,137,650
Transfer to 12-month expected credit losses			2,858,403				(2,851,173	)			(7,230	)			1,237,377				(1,233,348	)			(4,029	)			—
Transfer to lifetime expected credit losses			(3,910,515	)			3,935,234				(24,719	)			(1,570,532	)			1,576,637				(6,105	)			—
Transfer to credit-impaired financial assets			(67,637	)			(155,310	)			222,947				(220,909	)			(371,667	)			592,576				—
Charge-off			—				—				(65,346	)			—				—				(155,686	)			—
Disposal			(182	)			(540	)			(53,045	)			(39	)			(1,659	)			(240,482	)			(2,055	)
Net increase(decrease)			827,707				(622,600	)			101,321				489,246				(754,330	)			(171,529	)			83,813
Ending balance			146,727,631				15,610,316				1,106,100				211,642,275				9,379,202				1,732,456				1,219,408
		For the three-month period ended March 31, 2026
		Credit card accounts												Total
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			12,520,632				1,133,638				315,217				371,247,619				26,601,912				2,965,100				1,137,650
Transfer to 12-month expected credit losses			389,460				(389,338	)			(122	)			4,485,240				(4,473,859	)			(11,381	)			—
Transfer to lifetime expected credit losses			(563,698	)			565,490				(1,792	)			(6,044,745	)			6,077,361				(32,616	)			—
Transfer to credit-impaired financial assets			(35,502	)			(81,537	)			117,039				(324,048	)			(608,514	)			932,562				—
Charge-off			—				—				(77,153	)			—				—				(298,185	)			—
Disposal			—				—				(45,841	)			(221	)			(2,199	)			(339,368	)			(2,055	)
Net increase(decrease)			268,736				(227,219	)			10,290				1,585,689				(1,604,149	)			(59,918	)			83,813
Ending balance			12,579,628				1,001,034				317,638				370,949,534				25,990,552				3,156,194				1,219,408

- 58 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Consumers												Corporates
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			141,003,546				15,063,902				781,868				206,025,023				11,425,641				1,491,816				1,147,147
Transfer to 12-month expected credit losses			3,066,312				(3,060,360	)			(5,952	)			2,181,075				(2,178,468	)			(2,607	)			—
Transfer to lifetime expected credit losses			(4,191,199	)			4,219,327				(28,128	)			(1,509,090	)			1,523,647				(14,557	)			—
Transfer to credit-impaired financial assets			(69,968	)			(176,613	)			246,581				(225,072	)			(504,761	)			729,833				—
Charge-off			—				—				(43,533	)			—				—				(99,592	)			—
Disposal			(16	)			(422	)			(47,365	)			—				(1,718	)			(171,421	)			(1,571	)
Net increase(decrease)			350,803				(951,729	)			(126,566	)			3,903,829				(564,548	)			(2,557	)			(31,788	)
Ending balance			140,159,478				15,094,105				776,905				210,375,765				9,699,793				1,930,915				1,113,788
		For the three-month period ended March 31, 2025
		Credit card receivables												Total
		Stage 1				Stage 2				Stage 3				Stage 1				Stage 2				Stage 3				Credit impairment model
Beginning balance			11,171,885				1,036,118				279,973				358,200,454				27,525,661				2,553,657				1,147,147
Transfer to 12-month expected credit losses			261,767				(261,618	)			(149	)			5,509,154				(5,500,446	)			(8,708	)			—
Transfer to lifetime expected credit losses			(388,310	)			389,927				(1,617	)			(6,088,599	)			6,132,901				(44,302	)			—
Transfer to credit-impaired financial assets			(38,976	)			(76,603	)			115,579				(334,016	)			(757,977	)			1,091,993				—
Charge-off			—				—				(76,260	)			—				—				(219,385	)			—
Disposal			—				—				(22,615	)			(16	)			(2,140	)			(241,401	)			(1,571	)
Net increase(decrease)			(349,048	)			19,145				16,219				3,905,584				(1,497,132	)			(112,904	)			(31,788	)
Ending balance			10,657,318				1,106,969				311,130				361,192,561				25,900,867				3,018,950				1,113,788

- 59 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(8) Details of other financial assets are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Cash Management Account asset (CMA asset)			95,000				115,000
Receivables			18,786,283				7,543,495
Accrued income			2,397,527				2,277,963
Telex and telephone subscription rights and refundable deposits			808,324				805,980
Domestic exchange settlement debit			666,583				273,249
Other assets			430,580				437,085
Allowance for credit losses			(323,384	)			(337,663	)
Total			22,860,913				11,115,109

(9) Changes in the allowances for credit losses on other financial assets are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(27,255	)			(13,656	)			(296,752	)			(337,663	)
Transfer to 12-month expected credit losses			(216	)			185				31				—
Transfer to lifetime expected credit losses			282				(336	)			54				—
Transfer to credit-impaired financial assets			128				1,385				(1,513	)			—
Reversal (provision) of loss allowance			11,667				(1,386	)			1,751				12,032
Charge-off			—				—				4,221				4,221
Disposal			—				—				169				169
Others			(299	)			(218	)			(1,626	)			(2,143	)
Ending balance			(15,693	)			(14,026	)			(293,665	)			(323,384	)
		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(20,934	)			(22,020	)			(170,060	)			(213,014	)
Transfer to 12-month expected credit losses			(294	)			274				20				—
Transfer to lifetime expected credit losses			224				(283	)			59				—
Transfer to credit-impaired financial assets			561				7,089				(7,650	)			—
Reversal (provision) of loss allowance			(12,814	)			(3,800	)			1,242				(15,372	)
Charge-off			—				—				2,302				2,302
Disposal			—				—				225				225
Others			174				(5	)			(80	)			89
Ending balance			(33,083	)			(18,745	)			(173,942	)			(225,770	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(10) Changes in the gross carrying amount of other financial assets are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			10,775,002				78,348				599,422				11,452,772
Transfer to 12-month expected credit losses			8,637				(8,604	)			(33	)			—
Transfer to lifetime expected credit losses			(14,365	)			14,464				(99	)			—
Transfer to credit-impaired financial assets			(1,921	)			(5,088	)			7,009				—
Charge-off			—				—				(4,221	)			(4,221	)
Disposal			—				—				(199	)			(199	)
Net increase (decrease)			11,717,224				12,871				5,850				11,735,945
Ending balance			22,484,577				91,991				607,729				23,184,297
		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			9,435,449				99,254				450,229				9,984,932
Transfer to 12-month expected credit losses			11,285				(11,262	)			(23	)			—
Transfer to lifetime expected credit losses			(14,135	)			14,198				(63	)			—
Transfer to credit-impaired financial assets			(4,314	)			(19,571	)			23,885				—
Charge-off			—				—				(2,302	)			(2,302	)
Disposal			—				—				(260	)			(260	)
Net increase (decrease)			9,430,807				14,975				(9,513	)			9,436,269
Ending balance			18,859,092				97,594				461,953				19,418,639

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

11. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

(1) The fair value hierarchy

The fair value hierarchy for financial instruments is determined by the amount of observable market data. The specific financial instruments characteristics and market condition such as the existence of the transactions among market participants and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Group maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Group’s own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

• Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

• Level 2—fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not traded in active markets and common OTC derivatives such as swaps, forwards and options that do not require significant judgment.

• Level 3—fair value measurements are those derived from valuation technique that include inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Group’s assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Level 1 (*)				Level 2 (*)				Level 3				Total
Financial assets:
Financial assets at FVTPL
Deposits			303,916				—				—				303,916
Debt securities			4,447,036				5,241,482				82,966				9,771,484
Equity securities			1,112,404				—				588,956				1,701,360
Capital contributions			—				10,906				3,213,778				3,224,684
Beneficiary certificates			1,076,800				3,825,103				7,351,969				12,253,872
Loans			—				587,705				222,835				810,540
Derivative assets			78				8,342,757				877				8,343,712
Other financial assets in foreign currency			—				3,422				88,826				92,248
Others			—				266,736				269,509				536,245
Sub-total			6,940,234				18,278,111				11,819,716				37,038,061
Financial assets at FVTOCI
Debt securities			30,309,412				49,739,111				—				80,048,523
Equity securities			610,271				—				1,090,591				1,700,862
Loans			—				—				10,928				10,928
Sub-total			30,919,683				49,739,111				1,101,519				81,760,313
Derivative assets (designated for hedging)			—				150,822				—				150,822
Total			37,859,917				68,168,044				12,921,235				118,949,196
Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers			304,098				—				—				304,098
Derivative liabilities			—				7,473,020				880				7,473,900
Securities sold			460,274				—				—				460,274
Sub-total			764,372				7,473,020				880				8,238,272
Financial liabilities designated to be measured at FVTPL
Deposits due to customers			—				439,941				—				439,941
Derivative liabilities (designated for hedging)			—				1,110,170				—				1,110,170
Total			764,372				9,023,131				880				9,788,383

(*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Level 1 (*)				Level 2 (*)				Level 3				Total
Financial assets:
Financial assets at FVTPL
Deposits			261,470				—				—				261,470
Debt securities			4,635,643				4,840,091				76,347				9,552,081
Equity securities			1,063,788				—				549,631				1,613,419
Capital contributions			—				12,186				3,073,129				3,085,315
Beneficiary certificates			1,118,879				4,112,983				7,127,621				12,359,483
Loans			—				901,831				224,615				1,126,446
Derivative assets			—				5,773,283				920				5,774,203
Other financial assets in foreign currency			—				1,898				83,949				85,847
Others			—				146,475				240,736				387,211
Sub-total			7,079,780				15,788,747				11,376,948				34,245,475
Financial assets at FVTOCI
Debt securities			29,820,964				52,240,432				—				82,061,396
Equity securities			363,401				—				1,064,484				1,427,885
Loans			—				—				10,241				10,241
Sub-total			30,184,365				52,240,432				1,074,725				83,499,522
Derivative assets (designated for hedging)			—				217,180				—				217,180
Total			37,264,145				68,246,359				12,451,673				117,962,177
Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers			263,251				—				—				263,251
Derivative liabilities			—				5,129,428				236				5,129,664
Securities sold			496,518				—				—				496,518
Sub-total			759,769				5,129,428				236				5,889,433
Financial instruments designated to be measured at FVTPL
Deposits due to customers			—				467,501				—				467,501
Derivative liabilities (designated for hedging)			—				615,361				—				615,361
Total			759,769				6,212,290				236				6,972,295

(*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Financial assets and liabilities at FVTPL, financial liabilities at FVTPL designated as upon initial recognition, financial assets at FVTOCI, and derivative assets and liabilities are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Group determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

1) Valuation methods and input variables for each type of financial instrument classified into level 2 as of March 31, 2026 and December 31, 2025 are as follows:

		Valuation methods		Input variables
Debt securities		Fair value is measured by discounting the future cash flows of debt securities applying the risk-free market rate with credit spread.		Risk-free market rate, credit spread, matrix method yield to maturity, effective credit grade, company-specific risk spread, weighted average expected maturity of MBS with consideration for prepayment, discount rate.
Equity securities, capital contributions and beneficiary certificates		Fair value is measured by using the net asset value method, DCF, FCFE (Free Cash Flow to Equity Model), Comparable Company Analysis, Dividend Discount Model, risk adjusted discount rate method, LSMC (Least-Squares Monte Carlo), Hull-White model and Binomial tree model.		Values of underlying assets such as bond, risk-free market rate, market risk premium, corporate beta, discount rate based on credit rating, volatility of stock prices, volatility of interest rates and exchange rate.
Derivatives		Fair value is measured using valuation techniques commonly employed by market participants, including option pricing models, discounted cash flow (DCF) models, implied forward rate calculation methods, regression analysis methods, and valuation techniques based on observable market inputs for derivatives such as interest rate swaps, currency swaps, etc.		Discount rate, volatility of underlying assets, exchange rate, risk-free market rate, credit spread, forward rate, OIS, KTB, and CDS rates.
Loans		The future cash flows of debt instruments are measured at a discount by applying the market interest rate applied to entities with similar creditworthiness to the debtor.		Risk-free market rate and credit spread
Deposits due to customers		Fair value is measured by Hull-White model.		Discount rate, swaption volatility, etc.

2) Valuation methods and input variables for each type of financial instrument classified into level 3 as of March 31, 2026 and December 31, 2025 are as follows :

		Valuation methods		Input variables
Loans		Fair value is measured by using the DCF model (Discounted Cash Flow Model), LSMC (Least-Squares Monte Carlo) and Hull-White which are generally used in the market considering the price of underlying assets and volatility.		Price of underlying assets, volatility, discount rate, volatility of stock, risk-free market rate, credit spread, interest rate, correlation coefficient
Equity securities, capital contributions and beneficiary certificates		Fair value is measured using one or more valuation methodologies—such as the Discounted Cash Flow (DCF) model, Free Cash Flow to Equity (FCFE) model, comparable company analysis, dividend discount model, risk-adjusted discount rate method, net asset value method, LSMC, binomial model, market approach, Hull-White model, Monte-Carlo Simulation or precedent transactions model—selected as appropriate in consideration of the characteristics of the valuation subject.		Risk-free market return, market risk premium, company beta, stock price, underlying asset volatility, fair value of underlying assets, price of the underlying asset, recent transaction price, discount rate based on credit rating, interest rate volatility, real estate sale price volatility, price-to-book ratio

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Valuation methods		Input variables
				(PBR), price-to-sales ratio (PSR), net asset value, paid-in capital increase amount, issuance information by instrument, matrix-based yield to maturity (YTM), company-specific risk spread, perpetual growth rate, liquidation value change rate and interest rate.
Debt securities		Future cash flows of the debt securities are measured by discounting them using a market interest rate applicable to companies with credit ratings similar to that of the issuer		Discount rate, perpetual growth rate, and liquidation value change rate
Derivatives		Fair value is measured by models such as option model.		Correlation coefficient, stock price, volatility of underlying assets etc.
Others		The fair value of the underlying asset, after calculating the fair value using the DCF model, etc., considering the price and volatility of the calculated underlying asset, is calculated using the binomial tree, which is commonly used valuation techniques in the market.		Stock price, volatility of underlying assets etc.

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

						March 31, 2026
		Fair value measurement technique		Type		Significant unobservable inputs		Range		Impact of changes in significant unobservable inputs on fair value measurement
Debt securities		LSMC(Hull-White)				Volatility		31.25%~78.91%		Variation of fair value increases as volatility increases.
Loans		DCF model				Discount rate		1.1%~7.40%		Fair value increases as discount rate decreases.
		Hull-White model				Volatility		0.61%, 0.97%		Variation of fair value increases as volatility increases.
Derivative assets		Option valuation model and others		Equity related		Stock prices, Volatility of underlying asset		26.79%		Variation of fair value increases as volatility and stock price increases.
						Discount rate		16.01%		Fair value increases as discount rate decreases.
						Liquidation value		0.00%		Fair value increases as liquidation value increases.
Equity securities, capital contributions, and Beneficiary certificates		Binomial Tree				Volatility of stock		35.25%~83.17%		Variation of fair value increases as volatility of stock increases.
						Stock prices, Volatility of underlying asset		15.29%~37.39%		Variation of fair value increases as volatility and stock price increases
		DCF model and others				Discount rate		2.78%~17.75%		Fair value increases as discount rate decreases.
						Terminal growth rate		0.00%~1.00%		Fair value increases as terminal growth rate increases.
						Interest rate		2.52%~3.90%		Fair value increases as interest rate decreases.
						Liquidation value		-1.00%~1.00%		Fair value increases as liquidation value increases.
						Weighted Average Cost of Capital		7.85%~9.85%		Fair value increases as weighted average cost of capital decreases.
						Volatility		0.86%~1.11%		Variation of fair value increases as volatility increases.
		LSMC(Hull-White)				Volatility		0.6%		Variation of fair value increases as volatility increases.
						Discount rate		3.32%~7.10%		Fair value increases as discount rate decreases.
		Market approach				Stock price		7,668~410,500		Variation of fair value increases as stock price increases.
		Net asset value method				Volatility of liquidation value		0.00%		Fair value increases as liquidation value increases.
Others		Binomial Tree				Stock prices, Volatility of underlying asset		15.29%~50.79%		Variation of fair value increases as volatility and stock price increases.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

						December 31, 2025
		Fair value measurement technique		Type		Significant unobservable inputs		Range		Impact of changes in significant unobservable inputs on fair value measurement
Debt securities		LSMC(Hull-White)				Volatility		23.45%~37.48%		Variation of fair value increases as volatility increases.
Loans		DCF model and others				Discount rate		0.70%~5.26%		Fair value increases as discount rate decreases.
Derivatives		Option valuation model and others		Equity related		Stock prices, Volatility of underlying asset		22.55%		Variation of fair value increases as volatility and stock price increases.
						Discount rate		16.88%		Fair value increases as discount rate decreases.
						Liquidation value		0.00%		Fair value increases as liquidation value increases.
Stocks, capital contributions,		Binomial Tree				Volatility of stock		20.19%~31.51%		Fair value increases as volatility of stock increases
and beneficiary certificates						Stock prices, Volatility of underlying asset		14.91%~34.34%		Variation of fair value increases as volatility of underlying asset and stock price increases.
		DCF model and others				Discount rate		2.77%~19.05%		Fair value increases as discount rate decreases.
						Terminal growth rate		0.00%~1.00%		Fair value increases as terminal growth rate increases.
						Liquidation value		-1.00%~12.41%		Fair value increases as liquidation value increases.
						Interest rate		2.38%~3.42%		Fair value increases as interest rate decreases.
		LMSC(Hull-White)				Volatility		0.56%		Variation of fair value increases as volatility increases.
						Discount rate		3.83%~6.10%		Fair value increases as discount rate decreases.
		Market Value Approach				Stock volatility		27.86%~31.51%		Variation of fair value increases as stock volatility increases.
Others		Binomial Tree and others				Stock prices, Volatility of underlying asset		14.91%~42.44%		Variation of fair value increases as volatility of underlying asset and stock price increases.

Fair value of financial assets and liabilities classified into Level 3 is measured by the Group using its own valuation methods or using external specialists. Unobservable inputs used in the fair value measurements are produced by the internal system of the Group and the appropriateness of inputs is reviewed regularly.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Net income (loss) (*1)				Other comprehensive income				Purchases/ issuances				Disposals / settlements				Transfer to or out of Level 3 (*2)				Ending balance
Financial assets:
Financial assets at FVTPL
Debt securities			76,347				6,619				—				—				—				—				82,966
Equity securities			549,631				11,912				—				66,185				(37,539	)			(1,233	)			588,956
Capital contributions			3,073,129				83,180				—				144,135				(86,666	)			—				3,213,778
Beneficiary certificates			7,127,621				143,288				—				100,494				(19,434	)			—				7,351,969
Loans			224,615				(8,499	)			—				113,006				(101,091	)			(5,196	)			222,835
Derivative assets			920				(686	)			—				643				—				—				877
Other financial assets in foreign currency			83,949				2,856				—				2,021				—				—				88,826
Others			240,736				(658	)			—				32,028				(2,597	)			—				269,509
Sub-total			11,376,948				238,012				—				458,512				(247,327	)			(6,429	)			11,819,716
Financial assets at FVTOCI
Equity securities			1,064,484				—				25,271				1,200				(364	)			—				1,090,591
Loans			10,241				—				687				—				—				—				10,928
Sub-total			1,074,725				—				25,958				1,200				(364	)			—				1,101,519
Total			12,451,673				238,012				25,958				459,712				(247,691	)			(6,429	)			12,921,235
Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities			236				—				—				644				—				—				880
Total			236				—				—				644				—				—				880

(*1) For financial liabilities, positive numbers represent losses that increase balance and negative numbers represent gains that decrease balance. The gain amounting to 178,748 million Won for the period ended March 31, 2026, which is from financial assets and liabilities that the Group holds as at the end of the period.

(*2) The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				For the three-month period ended March 31, 2025
				Beginning balance				Net income (loss) (*1)				Other comprehensive income				Purchases/ issuances				Disposals / settlements				Transfer to or out of Level 3 (*2)				Ending balance
Financial assets:
Financial assets at FVTPL
Debt securities					7,357				(796	)			—				7,030				—				—				13,591
Equity securities					398,899				(1,576	)			—				31,564				(5,076	)			(7,650	)			416,161
Capital contributions					2,853,513				3,901				—				109,908				(66,785	)			—				2,900,537
Beneficiary certificates					2,105,160				14,335				—				46,087				(31,550	)			—				2,134,032
Loans					34,776				7				—				2				(262	)			—				34,523
Derivative assets					1,188				33				—				—				(53	)			—				1,168
Other financial assets in foreign currency					48,345				(115	)			—				—				—				—				48,230
Others					238,266				4,263				—				—				(3,844	)			—				238,685
Sub-total					5,687,504				20,052				—				194,591				(107,570	)			(7,650	)			5,786,927
Financial assets at FVTOCI
Equity securities					559,434				—				18,796				—				(10	)			(5,530	)			572,690
Total:					6,246,938				20,052				18,796				194,591				(107,580	)			(13,180	)			6,359,617
Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities					1,402				—				—				—				(1,402	)			—				—
Total					1,402				—				—				—				(1,402	)			—				—

(*1) For financial liabilities, positive numbers represent losses that increase balance and negative numbers represent gains that decrease balance. The gain amounting to 27,354 million Won for the period ended March 31, 2025, which is from financial assets and liabilities that the Group holds as at the end of the period.

(*2) The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the fair value of Level 3 financial instruments are as follows.

The sensitivity analysis of the financial instruments has been performed by classifying with favorable and unfavorable changes based on how changes in unobservable assumptions would have effects on the fluctuations of financial instruments’ value. When the fair value of a financial instrument is affected by two or more unobservable input variables, the sensitivity analysis is calculated by assuming the most favorable or the most unfavorable scenario. The sensitivity analysis was performed for two types of level 3 financial instruments: (1) interest rate related derivatives, currency related derivatives, equity related derivatives, equity-linked securities beneficiary certificates and loans of which fair value changes are recognized as net income; (2) equity securities of which fair value changes are recognized as other comprehensive income.

Meanwhile, among the financial instruments that are classified as Level 3 amounting to 12,922,115 million Won and 12,451,909 million Won as of March 31, 2026 and December 31, 2025, respectively, equity instruments of 6,776,478 million Won and 6,234,075 million Won whose carrying amount are considered to represent the reasonable approximation of fair value are excluded from the sensitivity analysis.

The sensitivity on fluctuation of input variables by financial instruments as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

		March 31, 2026
		Net income (loss)								Other comprehensive income (loss)
		Favorable				Unfavorable				Favorable				Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (*1)(*4)			20				(20	)			—				—
Loans (*2)			274				(270	)			—				—
Debt securities (*3)			1,414				(1,389	)			—				—
Equity securities (*2) (*4) (*5)			23,465				(17,655	)			—				—
Beneficiary certificates (*5)(*6)			57,260				(54,934	)			—				—
Others (*4)			2,009				(1,743	)			—				—
Financial assets at FVTOCI			—				—				—				—
Equity securities (*5)			—				—				66,126				(61,037	)
Total			84,442				(76,011	)			66,126				(61,037	)

(*1) Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p each, respectively.

(*2) Fair value changes of equity securities are calculated by increasing or decreasing growth rate (0%p~1%p) and discount rate or liquidation value (-1%~1%), which are major unobservable variables.

(*3) Fair value changes of equity securities are calculated by increasing or decreasing stock price volatility, which is major unobservable variables, by 10%,

(*4) Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%~10%) and volatility (-10%p~10%p), which are major unobservable variables.

(*5) Fair value changes of equity securities are calculated by increasing or decreasing discount rate (-1%p~1%p) and growth rate (-1%p~2%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.

(*6) Even if the sensitivity analysis of the beneficiary certificates is not possible in practice, fair value changes of the financial assets whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing liquidation value of real estate which is underlying assets by 1%p.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Net income (loss)								Other comprehensive income (loss)
		Favorable				Unfavorable				Favorable				Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (*1) (*4)			19				(19	)			—				—
Loans (*2)			258				(265	)			—				—
Debt securities (*3)			1,343				(1,360	)			—				—
Equity securities (*2) (*4) (*5)			23,858				(17,454	)			—				—
Beneficiary certificates (*5) (*6)			55,124				(52,986	)			—				—
Others (*4)			2,731				(2,458	)			—				—
Financial assets at FVTOCI
Equity securities (*5)			—				—				50,556				(44,137	)
Total			83,333				(74,542	)			50,556				(44,137	)

(*1) Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p each, respectively.

(*2) Fair value changes of equity securities are calculated by increasing or decreasing the correlation between the key unobservable inputs—growth rate (0%p~1%p) and discount rate, or liquidation value (-1%~1%) and discount rate.

(*3) Fair value changes of equity securities are calculated by increasing or decreasing stock price volatility, which is major unobservable variables, by 10%.

(*4) Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%~10%) and volatility (-10%~10%), which are major unobservable variables.

(*5) Fair value changes of equity securities are calculated by increasing or decreasing discount rate (-1%p~1%p) and growth rate (-1%p~1%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.

(*6) Even if the sensitivity analysis of the capital contributions and beneficiary certificates is not possible in practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing liquidation value of real estate which is underlying assets and discount rate by 1%p.

(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as follows (Unit: Korean Won in millions). Fair value information for cash that is not measured at fair value because the carrying amount is a reasonable approximation of fair value is not included.

		March 31, 2026
		Fair value																Carrying amount
		Level 1				Level 2				Level 3				Total
Financial assets:
Securities at amortized cost			6,918,662				11,668,329				—				18,586,991				18,767,880
Loans and other financial assets at amortized cost			—				20,692,002				405,046,069				425,738,071				424,243,666
Financial liabilities:
Deposits due to customers			—				373,031,517				—				373,031,517				372,424,821
Borrowings			—				34,028,025				565,481				34,593,506				34,659,852
Debentures			—				51,668,349				1,279,361				52,947,710				53,430,972
Investment contract liabilities			—				—				3,378,712				3,378,712				3,378,712
Other financial liabilities (*)			—				49,281,464				1,544,701				50,826,165				50,905,606

(*) Lease liabilities are excluded as of March 31, 2026.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Fair value																Carrying amount
		Level 1				Level 2				Level 3				Total
Financial assets:
Securities at amortized cost			6,900,333				11,750,572				—				18,650,905				18,707,459
Loans and other financial assets at amortized cost			—				9,214,407				405,939,832				415,154,239				412,495,783
Financial liabilities:
Deposits due to customers			—				376,725,914				—				376,725,914				376,580,845
Borrowings			—				33,953,026				184,609				34,137,635				34,183,267
Debentures			—				54,302,059				1,256,084				55,558,143				55,583,392
Investment contract liabilities			—				—				3,433,611				3,433,611				3,433,611
Other financial liabilities (*)			—				36,473,258				932,195				37,405,453				37,576,486

(*) Lease liabilities are excluded as of December 31, 2025.

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Group determines the fair value by using valuation methods. Valuation methods and input variables for financial assets and liabilities that are measured at amortized cost are given as follows:

		Valuation methods		Input variables
Securities at amortized cost		The fair value is measured by discounting the projected cash flows of debt securities by applying risk-free market rate with credit spread.		Risk-free market rate and credit spread
Loans and other financial assets at amortized cost		The fair value is measured by discounting the projected cash flows of loan products by applying the market discount rate that has been applied to a proxy company that has similar credit rating to the debtor.		Risk-free market rate, credit spread and prepayment rate
Deposits due to customers, borrowings, debentures and other financial liabilities		The fair value is measured by discounting the projected cash flow of debt products by applying the market discount rate that is reflecting credit rating of the Group or the market discount rate used for similar in products.		Risk-free market rate, credit spread and forward rate
Investment contract liabilities		Since it is difficult to derive reliable expected cash flows, the book value of the reserves calculated in accordance with the Insurance Business Act and the Insurance Supervisory Regulations was used as a proxy for fair value.		—

(6) Deferred day 1 profits or losses

Changes in deferred day 1 profits or losses are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Beginning balance			—				28
Amounts recognized in losses			—				(28	)
Ending balance			—				—

In case some variables to measure fair values of financial instruments are not observable in the market, valuation techniques are utilized to evaluate such financial instruments. Those financial instruments are recorded the transaction price as at the time of acquisition, even though there are difference noted between the transaction price and the fair value. The table above presents the difference yet to be realized as profit or loss as of March 31, 2026 and 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

		March 31, 2026
Financial assets		Financial assets at FVTPL				Financial assets at FVTOCI				Financial assets at amortized cost				Derivatives assets (designated for hedging)				Total
Deposits			303,916				—				3,486,168				—				3,790,084
Securities			27,489,300				81,749,385				18,767,880				—				128,006,565
Loans			810,540				10,928				397,896,585				—				398,718,053
Derivative assets			8,343,712				—				—				150,822				8,494,534
Other financial assets			90,593				—				22,860,913				—				22,951,506
Total			37,038,061				81,760,313				443,011,546				150,822				561,960,742

		March 31, 2026
Financial liabilities		Financial liabilities at FVTPL				Financial liabilities designated to be measured at FVTPL				Financial liabilities at amortized cost				Derivatives liabilities (designated for hedging)				Total
Deposits due to customers			304,098				439,941				372,424,821				—				373,168,860
Borrowings			460,274				—				34,659,852				—				35,120,126
Debentures			—				—				53,430,972				—				53,430,972
Investment contract liabilities			—				—				3,378,712				—				3,378,712
Derivative liabilities			7,473,900				—				—				1,110,170				8,584,070
Other financial liabilities (*)			—				—				50,905,606				—				50,905,606
Total			8,238,272				439,941				514,799,963				1,110,170				524,588,346

(*) Lease liabilities are excluded as of March 31, 2026.

		December 31, 2025
Financial assets		Financial assets at FVTPL				Financial assets at FVTOCI				Financial assets at amortized cost				Derivatives assets (designated for hedging)				Total
Deposits			261,470				—				2,674,644				—				2,936,114
Securities			26,997,640				83,489,281				18,707,459				—				129,194,380
Loans			1,126,446				10,241				398,706,030				—				399,842,717
Derivative assets			5,774,203				—				—				217,180				5,991,383
Other financial assets			85,716				—				11,115,109				—				11,200,825
Total			34,245,475				83,499,522				431,203,242				217,180				549,165,419

		December 31, 2025
Financial liabilities		Financial liabilities at FVTPL				Financial liabilities designated to be measured at FVTPL				Financial liabilities at amortized cost				Derivatives liabilities (designated for hedging)				Total
Deposits due to customers			263,251				467,501				376,580,845				—				377,311,597
Borrowings			496,518				—				34,183,267				—				34,679,785
Debentures			—				—				55,583,392				—				55,583,392
Investment contract liabilities			—				—				3,433,611				—				3,433,611
Derivative liabilities			5,129,664				—				—				615,361				5,745,025
Other financial liabilities (*)			—				—				37,576,486				—				37,576,486
Total			5,889,433				467,501				507,357,601				615,361				514,329,896

(*) Lease liabilities are excluded as of December 31, 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

12. INVESTMENTS IN JOINT VENTURES AND ASSOCIATES

(1) Investments in associates accounted for using the equity method of accounting are as follows:

				Percentage of ownership (%)
Joint ventures and associates		Main business		March 31, 2026		December 31, 2025				Location		Financial statements as of
Woori Bank
W Service Networks Co., Ltd. (*1) (*4)		Freight & staffing services		4.9			4.9			Korea			2026-02-28
Korea Credit Bureau Co., Ltd. (*2)		Credit information		9.9			9.9			Korea			2026-03-31
Korea Finance Security Co., Ltd. (*2) (*4)		Security service		15.0			15.0			Korea			2026-02-28
Wongwang Co., Ltd. (*3)		Wholesale and real estate		29.0			29.0			Korea			—
Sejin Construction Co., Ltd. (*3)		Construction		29.6			29.6			Korea			—
ARES-TECH Co., Ltd. (*3)		Electronic component manufacturing		23.4			23.4			Korea			—
Beomgyo., Ltd. (*3)		Telecommunication equipment retail sales		23.1			23.1			Korea			—
K BANK Co., Ltd. (*7)		Finance		—			12.0			Korea			—
Partner One Value Up I Private Equity Fund		Other financial services		23.3			23.3			Korea			2026-03-31
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership (*3)		Other financial services		20.0			20.0			Korea			2026-03-31
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		Other financial services		25.0			25.0			Korea			2026-03-31
LOTTE CARD Co., Ltd. (*4)		Credit card and installment financing		20.0			20.0			Korea			2025-12-31
Union Technology Finance Investment Association		Other financial services		29.7			29.7			Korea			2026-03-31
Orient Shipyard Co., Ltd. (*3) (*4)		Manufacture of sections for ships		22.7			22.7			Korea			2025-12-31
Win Mortgage Co., Ltd. (*1) (*4)		Other financial services		4.5			4.5			Korea			2025-12-31
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		Other financial services		100.0			100.0			Korea			2026-03-31
BTS 2nd Private Equity Fund		Other financial services		20.0			20.0			Korea			2026-03-31
STASSETS FUND III		Other financial services		28.3			28.3			Korea			2026-03-31
SF CREDIT PARTNERS, LLC(*2)		Other financial services		10.0			10.0			United States			2026-03-31
Dongwoo C & C Co., Ltd. (*3)		Construction		23.2			23.2			Korea			—
G2 Collection Co., Ltd. (*3)		Wholesale and retail sales		28.9			28.9			Korea			—
Woori Bank (*5)
Japanese Hotel Real Estate Private Equity Fund No.2		Other financial services		19.9			19.9			Korea			2026-03-31

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				Percentage of ownership (%)
Joint ventures and associates		Main business		March 31, 2026		December 31, 2025				Location		Financial statements as of
Woori Seoul Beltway Private Special Asset Fund No.1		Trust and collective investment		25.0			25.0			Korea			2026-03-31
Woori Smart General Private Equity Investment Trust 1(bond)		Collective investment business		28.6			28.6			Korea			2026-03-31
Woori Asset Global Partnership Fund No. 5		Collective investment business		57.7			57.7			Korea			2026-03-31
Woori General Private Securities Investment Trust No. 5 (bond)		Collective investment business		28.6			28.6			Korea			2026-03-31
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)		Collective investment business		8.5			8.7			Korea			2026-03-31
Woori General Private Securities Investment Trust No. 6 (bond)		Collective investment business		28.6			28.6			Korea			2026-03-31
Woori General Private Securities Investment Trust No. 8 (bond)		Collective investment business		28.6			28.6			Korea			2026-03-31
Woori Smart General Private Equity Investment Trust No.1(bond)		Collective investment business		28.4			28.4			Korea			2026-03-31
Woori Future Energy Private Special Asset Investment Trust(General) No.1		Collective investment business		16.0			16.0			Korea			2026-03-31
Woori Financial Capital Co., Ltd.
WOORI TAERIM 1st Fund		Other financial services		25.6			25.6			Korea			2026-03-31
Darwin Green Packaging Private Equity Fund		Other financial services		20.4			20.4			Korea			2026-03-31
Koreawide partners 2nd Private Equity Fund		Other financial services		26.7			26.7			Korea			2026-03-31
Woori Investment Securities Co., Ltd.
Lux-Mason Innovation Technology Fund#2		Other financial services		23.1			23.1			Korea			2026-03-31
AIP NMC Venture Fund No.1		Other financial services		26.8			26.8			Korea			2026-03-31
ST Fund No.52 (*11)		Other financial services		45.5			—			Korea			2026-03-31
AP K-Beauty Investment Fund 1 (*11)		Other financial services		68.2			—			Korea			2026-03-31
Wanted Lab 2601 New Technology Investment Fund (*11)		Other financial services		23.8			—			Korea			2026-03-31
Best New Mobility New Technology Investment Fund 2nd (*11)		Other financial services		46.9			—			Korea			2026-03-31
Pioneer Investment Fund 3 (*11)		Other financial services		31.3			—			Korea			2026-03-31
Woori Investment Securities Co., Ltd. (*5)
Woori FirstValue Private Real Estate Fund No.2		Real estate business		12.0			12.0			Korea			2026-03-31
Tongyang Life Insurance Co., Ltd. (*5)
Woori Global Secondary Private Placement Investment Trust No. 2		Collective investment business		12.0			12.0			Korea			2026-03-31
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)		Collective investment business		1.0			0.7			Korea			2026-03-31

- 75 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				Percentage of ownership (%)
Joint ventures and associates		Main business		March 31, 2026		December 31, 2025				Location		Financial statements as of
ABL Life Insurance Co., Ltd. (*5)
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1		Collective investment business		25.0			25.0			Korea			2026-03-31
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		Collective investment business		20.0			20.0			Korea			2026-03-31
Woori Asset Management Co. Ltd.
Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds] (*11)		Other financial services		23.2			—			Korea			2026-03-31
Woori Private Equity Asset Management Co., Ltd.
Australia Green Energy 1st PEF(*10)		Other financial services		4.0			4.0			Korea			2026-03-31
Aarden Woori Apparel 1st Private Equity Fund (*10)		Other financial services		0.5			0.5			Korea			2026-03-31
NH Woori Dino Co-Investment NO.2 Private Equity Fund (*10)		Other financial services		4.8			4.8			Korea			2026-03-31
Woori Bailey National Growth Private Equity Fund (*11)		Other financial services		0.8			—			Korea			2026-03-31
Woori Financial F&I Co., Ltd.
KCLAVIS NPL Investment Trust NO 1-2		Collective investment business		35.9			35.9			Korea			2026-03-31
Capstone Special Restructuring Private Investment Trust No.4		Collective investment business		46.2			46.2			Korea			2026-03-31
Woori Venture Partners Co., Ltd.
KTB-KORUS FUND(*8)		Asset Management		37.5			37.5			Korea			2026-03-31
KTBN Venture Fund No.8(*8) (*9)		Asset Management		21.7			21.7			Korea			2026-03-31
KTBN Digital Contents Korea Fund No.9(*7)		Asset Management		—			30.0			Korea			—
KTBN Media Contents Fund (*8) (*9) (*10)		Asset Management		15.0			15.0			Korea			2026-03-31
KTB China Synergy Fund(*8) (*9) (*10)		Asset Management		15.1			15.1			Korea			2026-03-31
KTBN Venture Fund No.13(*8) (*9) (*10)		Asset Management		19.6			19.6			Korea			2026-03-31
KTBN Future Contents Fund(*9) (*10)		Asset Management		13.3			13.3			Korea			2026-03-31
KTBN Venture Fund No.16(*10)		Asset Management		10.3			10.3			Korea			2026-03-31
KTBN Venture Fund No.18(*10)		Asset Management		10.1			10.1			Korea			2026-03-31
KB-KTB Technology Venture Fund(*10)		Asset Management		18.2			18.2			Korea			2026-03-31
Woori 2022 Scaleup Venture Fund		Asset Management		20.0			20.0			Korea			2026-03-31
Woori 2022 Start-up Venture Fund		Asset Management		30.1			30.1			Korea			2026-03-31
Woori 2025 Secondary Fund		Asset Management		20.0			20.0			Korea			2026-03-31
Woori Venture-EverBest Corporate Turnaround Private Equity Fund (*10) (*11)		Asset Management		22.9			—			Korea			2026-03-31
Chirochem		Medical material Manufacturing		28.6			28.6			Korea			2026-03-31

- 76 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				Percentage of ownership (%)
Joint ventures and associates		Main business		March 31, 2026		December 31, 2025				Location		Financial statements as of
Japanese Hotel Real Estate Private Equity Fund 1
Godo Kaisha Oceanos 1 (*7)		Other financial services		—			47.8			Japan			—
Woori ESG Infrastructure Development General Type Private Investment Trust No.1
Ulsan Yeocheon Development Co., Ltd.		Sewage and wastewater management		50.0			50.0			Korea			2026-03-31
Woori bank and Woori card Co., Ltd. (*5)
SJCO Co., Ltd. (*3)		Aggregate transportation and wholesale		29.8			29.8			Korea			—
KG Fashion Co., Ltd. (*3)(*4)		Manufacturing		20.8			20.8			Korea			2026-02-28
Kyesan Engineering Co., Ltd. (*3)		Construction		23.3			23.3			Korea			—
Good Software Lap Co., Ltd. (*3)		Service		29.4			29.4			Korea			—
DAEA SNC Co., Ltd. (*3)		Wholesale and retail sales		25.5			25.5			Korea			—
PREXCO Co., Ltd. (*3)		Manufacturing		28.1			28.1			Korea			—
JiWon Plating Co., Ltd. (*3)		Plating		20.8			20.8			Korea			—
Youngdong Sea Food Co., Ltd. (*3)		Processed sea food manufacturing		24.5			24.5			Korea			—
KUM HWA Co., Ltd. (*3)		Telecommunication equipment retail sales		20.1			20.1			Korea			2026-03-31
Jinmyung Plus Co., Ltd. (*3)		Manufacturing		21.3			21.3			Korea			—
Rea Company (*3)		Manufacturing		26.1			26.1			Korea			—
ARAM CMC Co., Ltd. (*3)		Manufacturing		20.1			20.1			Korea			—
MARKET&FARM CO., LTD. (*3)		Wholesale and commodity brokerage		23.7			23.7			Korea			2026-03-31
SAMJI TEXTILE CO., LTD. (*3)		Wholesale and commodity brokerage		29.8			29.8			Korea			—
TH International Co., LTD (*3)		Cosmetics wholesale and general travel services		21.5			21.5			Korea			—
Woori bank and Woori Financial Capital Co., Ltd. (*5)
JC Assurance No.2 Private Equity Fund (*8)		Other financial services		23.4			23.4			Korea			—
Genesis Eco No.1 Private Equity Fund		Other financial services		29.0			29.0			Korea			2026-03-31
Paratus Woori Material Component Equipment joint venture company		Other financial services		29.9			29.9			Korea			2026-03-31
Midas No. 8 Private Equity Joint Venture Company		Other financial services		28.5			28.5			Korea			2026-03-31
Orchestra Private Equity Fund IV		Other financial services		28.2			28.2			Korea			2026-03-31
Synaptic Green No.1 PEF		Other financial services		21.1			21.1			Korea			2026-03-31
IGEN2023No. 1 Private Equity Fund		Other financial services		24.8			24.8			Korea			2026-03-31
PCC-Woori LP Secondary Fund		Other financial services		38.8			38.8			Korea			2026-03-31

- 77 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				Percentage of ownership (%)
Joint ventures and associates		Main business		March 31, 2026		December 31, 2025				Location		Financial statements as of
Synaptic Future Growth Private Equity Fund 1		Other financial investment		23.8			23.8			Korea			2026-03-31
Woori bank and Tongyang Life Insurance Co., Ltd. (*5)
VOGO Fund (*3)		Other financial investment		24.0			24.0			Korea			—
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1		Collective investment business		14.6			14.6			Korea			2026-03-31
Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (*5)
Healthcare Investmetnt Fund		Other financial investment		28.8			28.8			Korea			2026-03-31
Woori Asset Management Co., Ltd. and Tongyang Life Insurance Co., Ltd. (*5)
Woorinara Short-Term Bond Securities Investment Trust (Bond)		Collective investment business		1.7			6.8			Korea			2026-03-31
ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Together TDF 2025		Collective investment business		19.4			17.2			Korea			2026-03-31
Woori Together TDF 2030		Collective investment business		16.8			17.3			Korea			2026-03-31
Woori Together TDF 2035		Collective investment business		4.4			4.3			Korea			2026-03-31
Woori Together TDF 2040		Collective investment business		19.1			20.4			Korea			2026-03-31
Woori Investment Securities Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		Collective investment business		5.7			4.4			Korea			2025603-31
Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori-Q Corporate Restructuring Private Equity Fund (*6)		Trust and collective investment		34.3			34.3			Korea			2026-03-31
Woori Eugene Energy Link Private Equity Fund		Other financial services		7.9			7.9			Korea			2026-03-31
Woori NH Co-Growth Private Equity Fund I		Other financial services		20.0			20.0			Korea			2026-03-31
ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori Dyno 1st Private Equity Fund (*10)		Other financial services		49.0			19.6			Korea			2026-03-31

- 78 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Joint ventures and associates

Main business

March 31, 2026

December 31, 2025

Location

Financial statements as of

Woori Bank, ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)

Woori IMM Green Net Zero Fund

Other financial services

23.6

23.6

Korea

2026-03-31

Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. (*5)

NH Woori New deal Co-Investment No.1 Private Equity Fund

Other financial services

19.5

19.5

Korea

2026-03-31

Woori Venture Partners Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Corp. (*5)

Woori BIG SATISFACTION SHINJONG MMF 3rd

Collective investment business

1.7

6.4

Korea

2026-03-31

Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)

Woori-Shinyoung Growth-Cap Private Equity Fund I

Other financial services

35.0

35.0

Korea

2026-03-31

NH Woori Newdeal Growth Alpha Private Equity Fund 1

Other financial services

33.0

33.0

Korea

2026-03-31

Woori Bank, Woori card Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Asset Management Corp. (*5)

Woori Real Estate Investment No. 1 Limited Liability Company

Collective investment business

19.9

19.9

Korea

2026-03-31

(*1) Most of the significant business transactions of associates are with the Group as of March 31, 2026 and December 31, 2025.

(*2) The Group can participate in decision-making body and exercise significant influence over financial policies and operational policies decision making of the associates.

(*3) There is no investment balance as of March 31, 2026 and December 31, 2025.

(*4) The equity method was applied using the most recent financial statements available from the settlement date because no financial statements were available at the end of the reporting period and the significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the subsidiary were duly reflected.

(*5) Two or more subsidiaries may invest or operate to exert significant influence on the decision-making process for activities related to the investee.

(*6) It was classified as an associate due to holding of voting rights according to the initial investment agreement ratio.

(*7) It was excluded from associates in current year. (*8) It has been liquidating as of December 31, 2026.

(*9) In the event of liquidation, if the distribution payments made or to be made to the cooperative members are less than their contributions, an agreement has been made whereby the shortage will be covered, up to a certain amount within the investment, giving priority to specific shareholders over others.

(*10) The Group classified it as an associate because it has significant influence as a general partner of the investment association.

(*11) It was added to associates in current year.

- 79 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Changes in the carrying value of investments in associates accounted for using the equity method of accounting are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Acquisition cost				January 1, 2026				Share of profits(losses), etc				Acquisition				Disposal/ Reclassification				Dividends				Change in capital, etc				March 31, 2026
W Service Networks Co., Ltd.			108				204				(9	)			—				—				(5	)			—				190
Korea Credit Bureau Co., Ltd.			3,313				12,354				220				—				—				(450	)			—				12,124
Korea Finance Security Co., Ltd.			3,267				3,832				(2	)			—				—				—				—				3,830
K BANK Co., Ltd.			—				269,700				—				—				(269,700	)			—				—				—
Partner One Value Up I Private Equity Fund			5,039				2,010				(525	)			—				—				—				—				1,485
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership			—				1,235				—				—				—				—				—				1,235
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund			4,630				4,630				(590	)			—				—				—				—				4,040
LOTTE CARD Co., Ltd.			346,810				590,619				(2,771	)			—				—				(4,723	)			6,077				589,202
Union Technology Finance Investment Association			13,449				9,283				(485	)			—				—				—				—				8,798
Orient Shipyard Co., Ltd.(*)			—				—				—				—				—				—				—				—
Win Mortgage Co.,Ltd.			23				101				(23	)			—				—				—				—				78
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]			10,000				11,082				55				—				—				—				—				11,137
BTS 2nd Private Equity Fund			9,823				8,244				58				1,058				—				—				—				9,360
STASSETS FUND III			15,000				12,439				(1,441	)			1,500				—				—				—				12,498
SF CREDIT PARTNERS, LLC			15,504				19,016				345				—				—				—				1,023				20,384
Ulsan Yeocheon Development Co., Ltd.			207				201				(5	)			—				—				—				—				196
Japanese Hotel Real Estate Private Equity Fund No.2			3,080				2,696				(4	)			—				(48	)			—				92				2,736
Woori Seoul Beltway Private Special Asset Fund No.1			20,797				19,929				168				1,030				—				(163	)			—				20,964
Woori Smart General Private Equity Investment Trust 1(bond)			40,000				40,525				172				—				—				—				—				40,697
Woori Asset Global Partnership Fund No.5			82,106				75,146				5,002				11,250				(1,636	)			(1,526	)			—				88,236
Woori General Private Securities Investment Trust No. 5 (bond)			60,000				60,013				366				—				—				—				—				60,379
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)			10,000				10,172				(58	)			—				—				(213	)			—				9,901
Woori General Private Securities Investment Trust No. 6 (bond)			40,000				40,914				260				—				—				(1,166	)			—				40,008
Woori General Private Securities Investment Trust No. 8 (bond)			40,000				39,840				(149	)			—				—				—				—				39,691
Woori Smart General Private Equity Investment Trust No.1(bond)			40,000				39,703				125				—				—				—				—				39,828
Woori Future Energy Private Special Asset Investment Trust(General) No.1			—				—				—				—				—				—				—				—
WOORI TAERIM 1st Fund			1,100				988				—				—				—				—				—				988
Darwin Green Packaging Private Equity Fund			4,000				3,901				—				—				—				—				—				3,901
Koreawide partners 2nd Private Equity Fund			20,000				18,842				(380	)			—				—				—				—				18,462
Lux-Mason Innovation Technology Fund#2			1,500				1,498				(8	)			—				—				—				—				1,490
AIP NMC Venture Fund No.1			2,000				1,997				(10	)			—				—				—				—				1,987
ST Fund No.52			1,000				—				(20	)			1,000				—				—				—				980
AP K-Beauty Investment Fund 1			1,500				—				(5	)			1,500				—				—				—				1,495
Wanted Lab 2601 New Technology Investment Fund			1,000				—				(19	)			1,000				—				—				—				981
Best New Mobility New Technology Investment Fund 2nd			750				—				(2	)			750				—				—				—				748
Pioneer Investment Fund 3			500				—				(2	)			500				—				—				—				498

- 80 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2026
		Acquisition cost				January 1, 2026				Share of profits(losses), etc				Acquisition				Disposal/ Reclassification				Dividends				Change in capital, etc				March 31, 2026
Woori FirstValue Private Real Estate Fund No.2se			9,000				212				(1	)			—				—				—				—				211
Woori Global Secondary Private Placement Investment Trust No. 2			10,626				11,011				177				446				(653	)			(418	)			—				10,563
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)			59,467				30,645				43				60,000				(30,645	)			—				—				60,043
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1			23,417				29,588				903				—				(2,303	)			(593	)			—				27,595
Woori PGIF4 General Type Private Special Asset Investment Trust No.1			22,368				24,850				468				1,117				—				—				—				26,435
Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds]			1,500				—				83				—				1,565				—				—				1,648
Australia Green Energy 1st PEF			4,913				5,445				48				—				—				—				—				5,493
Aarden Woori Apparel 1st Private Equity Fund			100				93				(1	)			—				—				—				—				92
NH Woori Dino Co-Investment NO.2 Private Equity Fund			2,000				2,035				3				—				—				—				—				2,038
Woori Bailey National Growth Private Equity			2,900				—				(2	)			2,900				—				—				—				2,898
KCLAVIS NPL Investment Trust NO 1-2			15,000				17,146				413				—				—				—				—				17,559
Capstone Special Restructuring Private Investment Trust No.4			15,000				15,113				358				—				—				(357	)			—				15,114
KTB-KORUS FUNDv			—				757				(25	)			—				—				—				—				732
KTBN Venture Fund No.8			195				1,029				4				—				—				—				—				1,033
KTBN Digital Contents Korea Fund No.9			—				2,181				(767	)			—				(1,414	)			—				—				—
KTBN Media Contents Fund			—				204				—				—				—				—				—				204
KTB China Synergy Fund			11,775				18,039				(393	)			—				—				—				—				17,646
KTBN Venture Fund No.13			—				29,240				(1,684	)			—				(400	)			(3,816	)			—				23,340
KTBN Future Contents Fund			2,356				3,006				(10	)			—				—				—				—				2,996
KTBN Venture Fund No.16			4,400				19,585				223				—				(4,600	)			—				—				15,208
KTBN Venture Fund No.18			25,650				21,429				93				—				—				—				—				21,522
KB-KTB Technology Venture Fundv			10,000				8,457				(216	)			—				—				—				—				8,241
WOORI 2022 Scaleup Venture Fund			54,824				52,411				562				—				—				—				—				52,973
Woori 2022 Start-up Venture Fund			13,100				11,652				(43	)			—				—				—				—				11,609
Woori 2025 Secondary Fund			6,188				6,157				(91	)			—				—				—				—				6,066
Woori Venture-EverBest Corporate Turnaround Private Equity Fund			—				—				—				—				—				—				—				—
Chirochem			250				161				—				—				—				—				—				161
Godo Kaisha Oceanos 1			—				—				—				—				—				—				—				—
KG Fashion Co., Ltd.(*)			—				—				—				—				—				—				—				—
KUM HWA Co., Ltd. (*)			—				—				—				—				—				—				—				—
Jinmyung Plus Co., Ltd.			—				11				—				—				—				—				—				11
Rea Company (*)			—				—				—				—				—				—				—				—
Market&Farm Co., Ltd (*)			—				—				—				—				—				—				—				—
JC Assurance No.2 Private Equity Fund (*)			29,349				—				—				—				—				—				—				—
Genesis Eco No.1 Private Equity Fund			12,000				11,018				(228	)			—				—				—				—				10,790
Paratus Woori Material Component Equipment joint venture company (*)			—				8,090				1,244				—				(9,334	)			—				—				—
Midas No. 8 Private Equity Joint Venture Company			18,419				17,971				—				—				—				—				—				17,971
Orchestra Private Equity Fund IV			9,700				9,588				(36	)			—				—				—				—				9,552
Synaptic Green No.1 PEF			8,000				9,047				(1,102	)			—				—				—				—				7,945
IGEN2022No. 1 Private Equity Fundv			5,130				6,012				340				—				(185	)			(127	)			—				6,040
PCC-Woori LP Secondary Fund			9,659				8,138				85				—				(776	)			—				—				7,447

- 81 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2026
		Acquisition cost				January 1, 2026				Share of profits(losses), etc				Acquisition				Disposal/ Reclassification				Dividends				Change in capital, etc				March 31, 2026
Synaptic Future Growth Private Equity Fund			7,188				8,089				1,314				35				—				—				—				9,438
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1			658				—				1				658				—				—				—				659
Healthcare Investment Fund			1,315				2,941				419				—				(1,652	)			—				—				1,708
Woorinara Short-Term Bond Securities Investment Trust (Bond)			15,821				40,280				3				16,000				(40,061	)			—				—				16,222
Woori Together TDF 2025			3,225				3,866				10				—				—				—				—				3,876
Woori Together TDF 2030			3,863				5,058				(22	)			—				—				—				—				5,036
Woori Together TDF 2035			1,912				2,396				(35	)			—				—				—				—				2,361
Woori Together TDF 2040			3,377				4,437				(28	)			—				—				—				—				4,409
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2			5,037				5,516				93				207				—				—				—				5,816
Woori-Q Corporate Restructuring Private Equity Fund			28,209				33,023				1,806				—				—				—				—				34,829
Woori Eugene Energy Link Private Equity Fund			5,500				5,699				(63	)			—				—				—				—				5,636
Woori NH Co-Growth Private Equity Fund I			5,280				6,189				1,546				—				—				—				—				7,735
Woori Dyno 1st Private Equity Fund			5,454				3,628				2,436				3,454				—				—				—				9,518
Woori IMM Green Net Zero Fund			9,960				10,370				839				—				—				—				—				11,209
NH Woori Newdeal Growth Alpha Private Equity Fund 1			5,000				3,692				(357	)			—				—				—				—				3,335
Woori BIG SATISFACTION SHINJONG MMF 3rd			80,947				130,389				(374	)			192,000				(237,312	)			—				—				84,703
Woori-Shinyoung Growth-Cap Private Equity Fund I			10,579				36,324				3,708				—				—				—				—				40,032
NH Woori New deal Co-Investment No.1 Private Equity Fund			60,031				61,402				11,687				—				—				—				—				73,089
Woori Real Estate Investment No. 1 Limited Liability Company			34,200				35,274				4,966				—				(96	)			—				—				40,144
			1,471,372				2,080,008				28,660				296,405				(599,250	)			(13,557	)			7,192				1,799,458

(*) The amount for which no loss was recognized for associates due to discontinuation of the equity method was 98 million Won in Paratus Woori Material Component Equipment joint venture company ,7 million Won in Orient Shipyard Co., Ltd., 6 million Won in KG FASHION CO., LTD., 6 million Won for Market&Farm Co., Ltd. and the accumulated amount is 98 million Won in Paratus Woori Material Component Equipment joint venture company, 55 million Won for Orient Shipyard Co., Ltd., 195 million Won in KG FASHION CO., LTD., 118 million Won for Rea Company, 4 million Won for KUM HWA Co., Ltd., 44 million Won for Market&Farm Co., Ltd., 672 million Won in JC Assurance No.2 Private Equity Fund.

		For the three-month period ended March 31, 2025
		Acquisition cost				January 1, 2025				Share of profits(losses), etc				Acquisition				Disposal/ Reclassification				Dividends				Change in capital, etc				March 31, 2025
W Service Networks Co., Ltd.			108				204				(28	)			—				—				(5	)			—				171
Korea Credit Bureau Co., Ltd.			3,313				9,001				442				—				—				(90	)			—				9,353
Korea Finance Security Co., Ltd.			3,267				3,616				29				—				—				—				—				3,645
K BANK Co., Ltd.			224,657				262,250				(1,869	)			—				—				—				162				260,543
Partner One Value Up I Private Equity Fund			5,039				2,123				(31	)			—				—				—				—				2,092
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership			—				2,263				(8	)			—				—				—				—				2,255
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund			4,532				4,532				—				—				—				—				—				4,532
LOTTE CARD Co., Ltd.			346,810				575,580				5,012				—				—				(7,743	)			207				573,056
Union Technology Finance Investment Association			13,449				11,770				(2,385	)			—				—				—				—				9,385

- 82 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Acquisition cost				January 1, 2025				Share of profits(losses) and others				Acquisition				Disposal/ Reclassification, etc.				Dividends				Change in capital				March 31, 2025
Orient Shipyard Co., Ltd.(*)			—				—				—				—				—				—				—				—
Win Mortgage Co., Ltd.			23				135				(31	)			—				—				(9	)			—				95
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]			10,000				10,847				64				—				—				—				—				10,911
BTS 2nd Private Equity Fund			8,146				7,799				(42	)			—				—				—				—				7,757
STASSETS FUND III			12,000				11,178				(49	)			—				—				—				—				11,129
SF CREDIT PARTNERS, LLC			13,059				16,000				159				—				—				—				(35	)			16,124
Japanese Hotel Real Estate Private Equity Fund No.2			3,154				2,805				45				—				(12	)			(38	)			84				2,884
Woori Seoul Beltway Private Special Asset Fund No.1			16,975				16,076				140				1,049				—				(134	)			—				17,131
Woori Smart General Private Equity Investment Trust 1(bond)			40,000				41,783				513				—				—				—				—				42,296
Woori Asset Global Partnership Fund No.5			52,500				54,977				118				—				—				—				—				55,095
Woori General Private Securities Investment Trust No. 5 (bond)			60,000				60,024				817				—				—				—				—				60,841
Woori Big Satisfaction General Private Securities Investment
Trust No. 3 (bond)			10,000				10,493				142				—				—				(603	)			—				10,032
Woori General Private Securities Investment Trust No. 6 (bond)			40,000				42,090				549				—				—				(2,552	)			—				40,087
Woori General Private Securities Investment Trust No. 7 (Bond)			40,000				41,116				610				—				—				—				—				41,726
Woori Smart General Private Equity Investment Trust No.1(bond)			40,000				40,477				457				—				—				—				—				40,934
Woori Future Energy Private Special Asset Investment Trust(General) No.1			—				—				—				—				—				—				—				—
WOORI TAERIM 1st Fund			1,100				988				—				—				—				—				—				988
Portone-Cape Fund No.1			340				160				46				—				—				—				—				206
Darwin Green Packaging Private Equity Fund			4,000				3,904				—				—				—				—				—				3,904
Koreawide partners 2nd Private Equity Fund			20,000				19,235				(387	)			—				—				—				—				18,848
Woori FirstValue Private Real Estate Fund No.2			9,000				567				1				—				—				—				—				568
Woori Together TDF 2025			3,000				3,577				31				—				—				—				—				3,608
Woori Together TDF 2050			2,600				—				(141	)			—				3,005				—				—				2,864
Woori Together TDF 2030			3,000				3,724				35				—				(3,759	)			—				—				—
Woori USD Treasury Target Return Bond FoF			200				220				1				—				(221	)			—				—				—
Woori Together TDF 2035			3,000				3,448				39				—				(3,487	)			—				—				—
Australia Green Energy 1st PEF			4,913				5,264				(14	)			—				—				—				—				5,250
Aarden Woori Apparel 1st Private Equity Fund			100				95				23				—				—				—				—				118
Woori Dyno 1st Private Equity Fund			2,000				2,849				(5	)			—				—				—				—				2,844
NH Woori Dino Co-Investment NO.2 Private Equity Fund			2,200				1,996				6				200				—				—				—				2,202
Woori Eugene Energy Link Private Equity Fund			500				—				(25	)			500				—				—				—				475
KCLAVIS NPL Investment Trust NO 1-2			15,000				15,422				419				—				—				—				—				15,841
Capstone Special Restructuring Private Investment Trust No.4			15,000				—				—				15,000				—				—				—				15,000
KTB-KORUS FUND			337				1,789				—				—				—				—				—				1,789
KTBN Venture Fund No.8			195				1,529				—				—				—				—				—				1,529
KTBN Digital Contents Korea Fund No.9			7,020				5,006				6				—				—				—				—				5,012
KTBN Media Contents Fund			—				154				—				—				—				—				—				154
KTB China Synergy Fund			12,400				18,949				(177	)			—				—				—				—				18,772
NAVER-KTB Audio Contents Fund			300				248				—				—				—				—				—				248
KTBN Venture Fund No.13			4,400				15,659				61				—				—				—				—				15,720
KTBN Future Contents Fund			3,472				4,193				140				—				-528				—				—				3,805
KTBN Venture Fund No.16			12,200				15,853				1,023				—				—				—				—				16,876

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Acquisition cost				January 1, 2025				Share of profits(losses) and others				Acquisition				Disposal/ Reclassification, etc.				Dividends				Change in capital				March 31, 2025
KTBN Venture Fund No.18			27,075				25,506				(27	)			—				—				—				—				25,479
KB-KTB Technology Venture Fund			10,000				9,350				(107	)			—				—				—				—				9,243
WOORI 2022 Scaleup Venture Fund			27,720				17,809				149				6,776				—				—				—				24,734
WOORI 2022 Start-up Venture Fund			13,100				12,773				(62	)			—				—				—				—				12,711
KTBN GI Private Equity Fund			—				5				—				—				—				—				—				5
Chirochem			250				104				57				—				—				—				—				161
Godo Kaisha Oceanos 1			6,473				7,347				1,743				—				(4,327	)			(37	)			106				4,832
KG Fashion Co., Ltd.(*)			—				—				—				—				—				—				—				—
KUM HWA Co., Ltd. (*)			—				—				—				—				—				—				—				—
Jinmyung Plus Co., Ltd.			—				9				3				—				—				—				—				12
Rea Company (*)			—				—				—				—				—				—				—				—
Market&Farm Co., Ltd (*)			—				—				—				—				—				—				—				—
JC Assurance No.2 Private Equity Fund			29,349				—				—				—				—				—				—				—
HMS-Oriens 1st Fund			—				14,880				—				—				(14,880	)			—				—				—
Woori Senior Loan Private Placement Investment Trust No.1			17,595				17,517				195				—				—				(208	)			—				17,504
Genesis Eco No.1 Private Equity Fund			12,000				10,847				129				—				—				—				—				10,976
Paratus Woori Material Component Equipment joint venture company			17,700				16,714				(64	)			—				—				—				—				16,650
Midas No. 8 Private Equity Joint Venture Company			18,419				18,207				(64	)			—				—				—				—				18,143
Orchestra Private Equity Fund IV			9,700				9,610				(37	)			—				—				—				—				9,573
Synaptic Green No.1 PEF			8,000				7,499				(37	)			—				—				—				—				7,462
IGEN2022No. 1 Private Equity Fund			7,422				7,972				918				—				—				(790	)			—				8,100
PCC-Woori LP Secondary Fund			10,435				8,648				(52	)			—				—				—				—				8,596
Synaptic Future Growth Private Equity Fund			6,325				7,685				(353	)			—				(435	)			—				—				6,897
Healthcare Investment Fund			3,000				—				(57	)			—				3,000				—				—				2,943
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2			3,849				4,011				79				—				—				—				—				4,090
Woori-Q Corporate Restructuring Private Equity Fund			29,627				34,007				(77	)			—				—				—				—				33,930
NH Woori Newdeal Growth Alpha Private Equity Fund 1			44,512				55,539				227				—				(5,506	)			(180	)			—				50,080
Woori BIG SATISFACTION SHINJONG MMF 3rd			45,083				41,984				311				8,000				(2,003	)			—				—				48,292
Woori-Shinyoung Growth-Cap Private Equity Fund I			16,555				29,696				664				—				(524	)			—				—				29,836
NH Woori New deal Co-Investment No.1 Private Equity Fund			5,000				5,204				481				—				—				—				—				5,685
Woori Real Estate Investment No. 1 Limited Liability Company			34,200				33,919				230				—				—				—				—				34,149
			1,476,698				1,748,810				9,985				31,525				(29,677	)			(12,389	)			524				1,748,778

(*) The amount for which no loss was recognized for associates due to discontinuation of the equity method was 13 million Won in KG FASHION CO., LTD., 8 million Won for Market&Farm Co.,Ltd., 3 million Won in JC Assurance No.2 Private Equity Fund and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 8 million Won for Market&Farm Co.,Ltd., 47 million Won for Orient Shipyard Co.,Ltd., 172 million Won in KG FASHION CO., LTD., 118 million Won for Rea Company, 669 million Won in JC Assurance No.2 Private Equity Fund.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

13. OTHER ASSETS

Details of other assets are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Lease assets			3,814,805				3,823,620
Prepaid expenses			526,046				416,230
Advance payments			80,438				75,234
Non-operational assets			44,020				43,050
Others			60,275				66,594
Total			4,525,584				4,424,728

14. FINANCIAL LIABILITIES AT FVTPL

(1) Financial liabilities at FVTPL are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Financial instruments at fair value through profit or loss			8,238,272				5,889,433
Financial liabilities designated to be measured at FVTPL			439,941				467,501
Total			8,678,213				6,356,934

(2) Financial liabilities at fair value through profit or loss are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Deposits
Gold banking liabilities			304,098				263,251
Borrowings
Securities sold			460,274				496,518
Derivative liabilities			7,473,900				5,129,664
Total			8,238,272				5,889,433

(3) Financial liabilities designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Deposits due to customers
Time deposits			439,941				467,501

In accordance with documented risk management or investment strategies, the group manages a portfolio of financial instruments on a fair value basis and evaluates their performance. Therefore, under K-IFRS 1109 Financial Instrument, financial liabilities are designated to be measured at FVTPL as this provides more relevant information.

(4) Changes in fair value due to change in credit risk reflected in financial liabilities designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026				For the three-month period ended March 31, 2025
Financial liabilities designated to be measured at FVTPL at the end of each period			439,941				567,820
Changes in fair value due to change in credit risk (*)			110				(35	)
Accumulated change in fair value due to change in credit risk			(1,647	)			(1,866	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*) The amounts recognized in other comprehensive income related to financial liabilities designated to be measured at FVTPL are a loss of 110 million Won and a gain of 35 million Won during the three-month periods ended March 31, 2026 and 2025, with an accumulated profit of 1,647 million Won and 1,866 million Won, respectively.

The adjustment to reflect the Group’s credit risk is considered in measuring the fair value of deposits due to customers. The Group’s credit risk is determined by adjusting credit spread observed in credit rating of the Group.

(5) The difference between carrying amount and maturity amount of financial liabilities designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Carrying amount			439,941				467,501
Nominal amount at maturity			450,000				450,000
Difference			(10,059	)			17,501

15. DEPOSITS DUE TO CUSTOMERS

Details of deposits due to customers by type are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Deposits in local currency:
Deposits on demand			9,137,680				8,195,492
Savings deposits with withdrawal on demand			124,161,971				125,367,093
Other savings deposits			175,052,611				173,435,409
Mutual installment			17,361				18,219
Deposits on notes payables			3,357,711				3,685,924
Deposits on CMA			102,561				112,671
Certificate of deposits			6,689,972				9,274,299
Other deposits			917,369				955,588
Sub-total			319,437,236				321,044,695
Deposits in foreign currencies:
Foreign currency deposits			52,594,614				55,428,606
Present value discount			(87,074	)			(138,961	)
Customers’ deposits for beneficiary			480,045				246,505
Total			372,424,821				376,580,845

16. BORROWINGS AND DEBENTURES

(1) Details of borrowings are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Lenders		Interest rate (%)				Amount
Borrowings in local currency:
Borrowings from The BOK		The BOK			1.0				1,824,691
Borrowings from government funds		Small Enterprise and Market Service and others			0.0 ~ 3.5				2,215,899
Others		The Korea Development Bank and others			0.0 ~ 4.7				9,393,889
Sub-total									13,434,479
Borrowings in foreign currencies:
Borrowings in foreign currencies		The Export-Import Bank of Korea and others			0.8 ~ 10.0				14,124,993
Bills sold		Others			0.0 ~ 2.0				1,960
Call money		Bank and others			1.3 ~ 10.0				2,364,791
Bonds sold under repurchase agreements		Other financial institutions			0.0 ~ 14.7				4,737,008
Present value discount									(3,379	)
Total									34,659,852

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Lenders		Interest rate (%)				Amount
Borrowings in local currency:
Borrowings from The BOK		The BOK			1.0				1,845,239
Borrowings from government funds		Small Enterprise and Market Service and others			0.0 ~ 3.5				2,195,534
Others		The Korea Development Bank and others			0.0 ~ 4.6				8,378,570
Sub-total									12,419,343
Borrowings in foreign currencies:
Borrowings in foreign currencies		The Export-Import Bank of Korea and others			0.8 ~ 10.0				13,071,842
Bills sold		Others			0.0 ~ 2.0				1,033
Call money		Bank and others			1.7 ~ 10.0				2,013,940
Bonds sold under repurchase agreements		Other financial institutions			1.0 ~ 14.9				6,678,468
Present value discount									(1,359	)
Total									34,183,267

(2) Details of debentures are as follows (Unit: Korean Won in millions):

		March 31, 2026								December 31, 2025
		Interest rate (%)				Amount				Interest rate (%)				Amount
Face value of bond (*):
Ordinary bonds			1.9 ~ 7.5				45,147,614				0.8 ~ 7.5				47,124,232
Subordinated bonds			1.9 ~ 6.7				6,492,153				1.9 ~ 6.7				6,683,193
Other bonds			2.9 ~ 17.0				1,791,775				2.9 ~ 17.0				1,782,423
Sub-total							53,431,542								55,589,848
Discounts on bonds							(570	)							(6,456	)
Total							53,430,972								55,583,392

(*) Included debentures under fair value hedge amounting to 3,449,606 million won and 4,046,624 million won as of March 31, 2026 and December 31, 2025 respectively. Also, debentures under cash flow hedge amounting to 1,371,587 million won and 1,410,514 million won are included as of March 31, 2026 and December 31, 2025 respectively.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

17. INSURANCE CONTRACTS

(1) Details of insurance contracts assets and insurance contracts liabilities are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Life				Health				Annuity/Savings and others				Variable				Total
Insurance contracts assets			—				—				—				—				—
Insurance contracts liabilities			7,449,093				7,379,841				24,671,840				4,097,120				43,597,894
Net insurance contracts liabilities (asset)			7,449,093				7,379,841				24,671,840				4,097,120				43,597,894
Reinsurance contracts assets			352,864				227,695				6,832				—				587,391
Reinsurance contracts liabilities			49,781				130,100				580				—				180,461
Net reinsurance contracts assets (liabilities)			303,083				97,595				6,252				—				406,930

		December 31, 2025
		Life				Health				Annuity/Savings and others				Variable				Total
Insurance contracts assets			—				—				—				—				—
Insurance contracts liabilities			8,078,577				8,032,075				25,460,803				4,002,409				45,573,864
Net insurance contracts liabilities (asset)			8,078,577				8,032,075				25,460,803				4,002,409				45,573,864
Reinsurance contracts assets			381,667				231,261				7,279				—				620,207
Reinsurance contracts liabilities			52,842				131,344				606				—				184,792
Net reinsurance contracts assets (liabilities)			328,825				99,917				6,673				—				435,415

(2) Details of net insurance income are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Insurance service result of insurance contracts			69,702				—
Insurance income			528,420				—
Estimated incurred claims and other insurance service expenses			342,078				—
Changes in risk adjustment			12,521				—
Amortization of contractual service margin			77,556				—
Amortization of insurance acquisition cash flows			92,554				—
Loss component allocation amount			(544	)			—
Other insurance income			4,255				—
Insurance service expenses			458,718				—
Actual incurred claims and other insurance service expenses			350,533				—
Amortization of insurance acquisition cash flows			92,554				—
Changes in liability for incurred claims			4,961				—
(Reversal of) loss component allocation amount			7,024				—
Other insurance service expenses			3,646				—
Insurance service result of reinsurance contracts			(2,145	)			—
Reinsurance income			17,212				—
Actual incurred claims and insurance service expenses			16,451				—
Changes in cash flow from incurred claims			521				—
Changes in loss recovery component			240				—
Reinsurance service expenses			19,357				—
Estimated incurred claims and insurance service expenses			15,655				—
Changes in risk adjustment			627				—
Amortization of contractual service margin			3,075				—
Total insurance service result			67,557				—

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Details of net insurance finance income and expenses are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Investment income
Interest income			322,993				—
Gain(loss) on financial assets			279,538				—
Other investment income			(18,090	)			—
Investment income recognized in net income			584,441				—
Investment income recognized in other comprehensive income (*)			(1,804,401	)			—
Sub-total			(1,219,960	)			—
Insurance finance interest income and other insurance finance income
Insurance finance interest income			(391,332	)			—
Effect of change in fair value of underlying assets of participating insurance contracts			(243,501	)			—
Effect of changes in discount rates and others			46,132				—
Insurance finance income recognized in net income			(588,701	)			—
Insurance finance income recognized in other comprehensive income (*)			2,240,648				—
Sub-total			1,651,947				—
Reinsurance finance interest income and other reinsurance finance income
Reinsurance finance interest income			3,450				—
Effect of changes in credit risk of reinsurance liabilities			64				—
Effect of changes in discount rates and others			—				—
Reinsurance finance income recognized in net income			3,514				—
Reinsurance finance income recognized in other comprehensive income (*)			(22,543	)			—
Sub-total			(19,029	)			—
Total investment income and insurance and reinsurance finance income recognized in profit or loss			(746	)			—
Total investment income and insurance and reinsurance finance income recognized in other comprehensive income			413,704				—
Total			412,958				—

(*) Finance income recognized in other comprehensive income is presented before income tax effects and non-controlling interests.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

18. PROVISIONS

(1) Details of provisions are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Asset retirement obligation			114,881				106,786
Provisions for guarantees (*1)			74,437				79,317
Provisions for unused loan commitments			134,545				137,081
Other provisions (*2)			464,752				467,549
Total			788,615				790,733

(*1) Provisions for guarantees include provision for financial guarantee of 49,113 million won and 52,733 million won as of March 31, 2026 and December 31, 2025, respectively.

(*2) Other provisions consist of provision for litigation, loss compensation and others.

(2) Changes in provisions for guarantees and unused loan commitments are as follows (Unit: Korean Won in millions):

1) Provisions for guarantees

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			60,091				3,407				15,819				79,317
Transfer to 12-month expected credit loss			179				(179	)			—				—
Transfer to expected credit loss for the entire period			(26	)			26				—				—
Transfer to credit-impaired financial assets			(4	)			(45	)			49				—
Net provision (reversal) of unused amount			1,223				230				(2,897	)			(1,444	)
Others (*)			(3,437	)			1				—				(3,436	)
Ending balance			58,026				3,440				12,971				74,437

(*) Recognized as a result of changes in financial guarantee liabilities.

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			57,309				2,534				11,627				71,470
Transfer to 12-month expected credit loss			329				(329	)			—				—
Transfer to expected credit loss for the entire period			(90	)			90				—				—
Transfer to credit-impaired financial assets			(6	)			(7	)			13				—
Net provision (reversal) of unused amount			1,391				(675	)			(3,335	)			(2,619	)
Others (*)			(86	)			(4	)			—				(90	)
Ending balance			58,847				1,609				8,305				68,761

(*) Recognized as a result of changes in financial guarantee liabilities.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2) Provisions for unused loan commitment

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			111,499				21,647				3,935				137,081
Transfer to 12-month expected credit loss			6,469				(6,445	)			(24	)			—
Transfer to expected credit loss for the entire period			(1,395	)			1,398				(3	)			—
Transfer to credit-impaired financial assets			(89	)			(123	)			212				—
Net provision (reversal) of unused amount			(5,820	)			3,618				(289	)			(2,491	)
Others			265				—				(310	)			(45	)
Ending balance			110,929				20,095				3,521				134,545

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			108,218				24,896				4,448				137,562
Transfer to 12-month expected credit loss			6,289				(6,270	)			(19	)			—
Transfer to expected credit loss for the entire period			(2,403	)			2,408				(5	)			—
Transfer to credit-impaired financial assets			(317	)			(166	)			483				—
Net provision (reversal) of unused amount			(4,844	)			3,305				(2,865	)			(4,404	)
Others			(55	)			—				—				(55	)
Ending balance			106,888				24,173				2,042				133,103

(3) Changes in asset retirement obligation for the three-month periods ended March 31, 2026 and 2025, are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Beginning balance			106,786				97,772
Provisions provided			2,606				857
Provisions used			(332	)			(3,715	)
Reversal of provisions unused			(60	)			(69	)
Unwinding of discount			335				295
Increase (decrease) of restoration expense, etc.			5,546				9,768
Ending balance			114,881				104,908

The amount of the asset retirement obligation is the present value of the best estimate of future expected expenditure to settle the obligation – arising from leased property as of March 31, 2026, discounted by appropriate discount rate. The restoration cost is expected to occur by the end of each property’s lease period, and the Group has used average lease period of each category of leases terminated during the past years in order to rationally estimate the lease period. In addition, the Group used average amount of actual recovery cost for the past 3 years and the inflation rate for last year in order to estimate future recovery cost.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) Changes in other provisions for the three-month periods ended March 31, 2026 and 2025, are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Beginning balance			467,549				304,624
Provisions provided			4,353				2,400
Provisions used			(2,174	)			(1,319	)
Reversal of provisions unused			(4,610	)			(228	)
Foreign currencies translation adjustments			39				33
Others			(405	)			(278	)
Ending balance			464,752				305,232

(5) Others

1) The Group recognized provisions related to incomplete sales of Derivative Linked Fund (DLF) occurring in 2019 as the best estimate of expenditure, including expected fines to be imposed by the Financial Services Commission, required to fulfill its current obligations.

2) The Group recognized provisions for estimated contract refunds and compensation for losses related to expected customer losses due to delays in fund redemption, with balances of 258,331 million won and 259,168 million Won as of March 31, 2026 and 2025. In addition, The Group recognized provision amounting to 2,756 million Won and 2,847 million Won for estimated compensation of expected customer loss related to equity-linked securities as of March 31, 2026 and 2025.

19. NET DEFINED BENEFIT LIABILITY(ASSET)

The Group’s pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes account of projected earnings increases, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Group is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

Volatility of asset		The defined benefit obligation was estimated with an interest rate calculated based on the return on high quality corporate bond. A deficit may occur if the rate of return of plan assets falls short of the interest rate.
Decrease in the return on high quality corporate bond		A decrease in the return on high quality corporate bond will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation.
Risk of inflation		Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(1) Details of net defined benefit liability(asset) are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Present value of defined benefit obligation			1,916,098				1,982,526
Fair value of plan assets (*)			(2,064,038	)			(2,157,163	)
Net defined benefit liabilities (assets) (*)			(147,940	)			(174,637	)
Intercompany transaction adjustments			268,476				269,170
Net defined benefit liabilities (assets) (after intercompany offsets)			120,536				94,533

(*) The amount before intercompany offsets within the consolidated entity

(2) Amounts related to the defined benefit plan that are recognized in the consolidated statements of comprehensive income are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31
		2026				2025
Current service cost			39,495				38,373
Net interest expense			(1,063	)			(2,190	)
Cost recognized in net income			38,432				36,183
Remeasurements (*)			24,198				155,281
Cost recognized in total comprehensive income			62,630				191,464

(*) Amount before tax

Retirement benefits related to defined contribution plans recognized as expenses are 4,211 million won, and 2,192 million won for the three-month periods ended March 31, 2026 and 2025, respectively.

20. OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Other financial liabilities:
Accounts payable			20,318,807				8,059,195
Accrued expenses			4,226,179				4,456,143
Segregated account debit balance			6,610,952				7,692,762
Agency fees received			679,787				594,685
Foreign exchange payables			757,033				784,357
Domestic exchange settlement credits			10,658,716				11,749,779
Lease liabilities			557,652				541,572
Other miscellaneous financial liabilities			7,663,846				4,250,210
Present value discount			(9,714	)			(10,645	)
Sub-total			51,463,258				38,118,058
Other liabilities:
Unearned income			358,796				354,792
Other miscellaneous liabilities			523,091				479,102
Sub-total			881,887				833,894
Total			52,345,145				38,951,952

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

21. DERIVATIVES

(1) Derivative assets and derivative liabilities are as follows (Unit: Korean Won in millions):

						March 31, 2026
						Assets												Liabilities
		Nominal amount				For cash flow hedge				For fair value hedge				For trading				For cash flow hedge				For fair value hedge				For trading
Interest rate:
Futures			1,080,176				—				—				—				—				—				—
Forwards			6,506,458				3,132				—				325,827				286,315				—				26,621
Swaps			140,117,243				1,676				5,223				107,170				—				48,416				222,272
Written options			320,000				—				—				—				—				—				10,121
Currency:
Futures			118,119				—				—				—				—				—				—
Forwards			111,872,575				—				138				3,897,293				364,010				119,198				1,546,465
Swaps			86,621,260				140,653				—				4,010,536				286,459				5,772				5,667,381
Purchase options			118,204				—				—				1,931				—				—				—
Written options			133,338				—				—				—				—				—				1,040
Equity:
Futures			179,782				—				—				—				—				—				—
Forwards			163				—				—				96				—				—				—
Purchase options			9,988				—				—				859				—				—				—
Others:
Futures			10,250				—				—				—				—				—				—
Total			347,087,556				145,461				5,361				8,343,712				936,784				173,386				7,473,900
						December 31, 2025
						Assets												Liabilities
		Nominal amount				For cash flow hedge				For fair value hedge				For trading				For cash flow hedge				For fair value hedge				For trading
Interest rate:
Futures			1,028,982				—				—				—				—				—				—
Forwards			6,097,038				7,192				—				155,174				139,341				—				118,441
Swaps			134,440,759				903				37,010				136,822				—				27,050				141,569
Written options			320,000				—				—				—				—				—				8,194
Currency:
Futures			131,014				—				—				—				—				—				—
Forwards			111,686,895				2,221				1,201				2,652,148				236,677				70,989				1,190,226
Swaps			76,846,634				168,653				—				2,827,872				141,304				—				3,670,407
Purchase options			67,650				—				—				1,267				—				—				—
Written options			81,999				—				—				—				—				—				827
Equity:
Futures			476,305				—				—				—				—				—				—
Forwards			163				—				—				104				—				—				—
Purchase options			1711				—				—				816				—				—				—
Others:
Futures			8,378				—				—				—				—				—				—
Total			331,187,528				178,969				38,211				5,774,203				517,322				98,039				5,129,664

Derivatives held for trading are classified into financial assets at FVTPL (Note 7) and financial liabilities at FVTPL (Note 14), and derivatives designated for hedging are presented as a separate line item in the consolidated statements of financial position.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Overview of the Group’s hedge accounting

1) Fair value hedge

a) Debentures

As of March 31, 2026, the Group has applied fair value hedge on fixed interest rate foreign currency denominated debentures amounting to 3,131,999 million Won, and Korean won-denominated debentures amounting to 317,607 million Won. The purpose of the hedging is to avoid fair value volatility risk of fixed interest rate foreign and local currency denominated debentures derived from fluctuations of market interest rate, and as such the Group entered into interest rate swap agreements designated as hedging instruments.

Pursuant to the interest rate swap agreement, by swapping the calculated difference between the fixed interest rate and floating interest rate applied to the nominal value, the fair value fluctuation risk is hedged as the foreign currency denominated debentures and local currency debentures fixed interest rate terms are converted to floating interest rate. Pursuant to the interest rate swap agreement, hedge ratio is determined by matching the nominal value of hedging instrument to the face value of the hedged item.

In this hedging relationship, only the market interest rate fluctuation, which is the most significant part of the fair value change of the hedged item, is designated as the hedged risk, and other risk factors including credit risk are not included in the hedged risk. Therefore, the ineffective portion of the hedge could arise from fluctuations in the timing of the cash flow of the hedged item, price margin set by counterparty of hedging instrument, and unilateral change in credit risk of any party of hedging instrument.

The interest rate swap agreements and the hedged items are subject to fluctuations in the underlying market rate of interest and the Group expects the fair value of the interest rate swap contract and the value of the hedged item to generally change in the opposite direction.

The fair value of the interest rate swap at the end of the reporting period is determined by discounting future cash flows estimated by using the yield curve at the end of the reporting period and the credit risk embedded in the contract and the average interest rate is determined based on the outstanding balance at the end of the reporting period. The variable interest rate applied to the interest rate swap is Compounding SOFR or CD 3M plus spread. In accordance with the terms of each interest rate swap contract designated as a hedging instrument, the Group receives interest at a fixed interest rate and pays interest at a variable interest rate.

b) Foreign currency securities, Foreign private bonds

As of March 31, 2026, the Group has applied fair value hedging for foreign currency securities amounting to 807,892 million Won and foreign currency private bonds amounting to 82,782 million Won. The purpose of the hedging is to avoid fair value volatility risk of foreign currency securities and foreign currency private bonds derived from exchange rate changes. To achieve this purpose, the group has entered into forward currency contracts designated as hedging instruments.

The forward currency contracts are executed with the condition of selling foreign currencies on a future specific date, at a predetermined agreed amount and exchange rate. On the initiation date, the contract amount is exchanged, and on the termination date, the contracted foreign currency principal is returned. As a result, through hedging transactions, the group offsets valuation gains and losses from exchange rate fluctuations of foreign currency-denominated assets, thereby removing fair value fluctuation risk linked to foreign currency securities and bonds. The hedge ratio is determined through a method that ensures fair value changes in the hedging instruments and hedged items effectively offset each other to a similar extent.

In this hedging relationship, only the exchange rate fluctuation, which is the most significant part of the fair value change in the hedged item, is designated as the hedged risk, excluding other risk factors such as credit risk or liquidity risk. Therefore, the ineffective portion of the hedge could arise from discrepancies between the settlement timing of the forward currency contract and the cash flow timing of foreign currency-denominated items, fluctuations in counterparties’ credit risks, or discrepancies between market exchange rates and contracted exchange rates.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

The forward currency agreements and the hedged items are subject to fluctuations in the exchange rate and the group expects the fair value of the currency forward contract and the value of the hedged item to generally change in the opposite direction.

2) Cash Flow Hedge

a) Debentures

As of the March 31, 2026, the Group has applied cash flow hedge on local currency denominated debentures amounting to 59,956 million won and debentures on foreign currency amounting to 1,311,631 million won. The Group’s hedging strategies are to ① Mitigate risks of cash flow fluctuation from variable interest rate debentures on local currency due to changes in market interest rate by entering into an interest rate swap contract and thereby designating it as hedging instrument; ② Mitigate the risks of cash flow fluctuation from principal and interest of variable interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and interest rates by entering into a currency swap contract and thereby designating it as hedging instrument; ③ Mitigate the risks of cash flow fluctuation from principal and interest of fixed interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and ④ Mitigate the risks of cash flow fluctuation in variable interest rate foreign currency borrowings resulting from changes in market interest rates and designate it as a hedging instrument through entering into currency swap contracts and interest rate swap contracts.

By exchanging a predetermined nominal amount as set forth in the interest rate swap contract adjusted by the differences between the fixed and variable interest rates, the variable interest rate terms of the Korean won-denominated variable rate bond are converted to fixed interest rate terms, thereby eliminating the cash flow volatility risk. In addition, this also means a payment of predetermined principal amount as set forth in the currency swap adjusted by fixed interest rate, an exchange of an amount calculated by applying variable interest rate to USD or applying fixed interest rate to USD, and an exchange of the principal denominated in KRW and principal denominated in foreign currency at maturity eliminating cash flow fluctuation risk on principal and interest. The hedge ratio is determined by matching the nominal amount of the hedging instrument to the face amount of the hedged item in accordance with interest rate swap and currency swap.

Only interest rate and foreign exchange rate fluctuation risks, which are the most significant factor in the cash flow fluctuation of the hedged item, are addressed in this hedging relationship, and other risk factors such as credit risk are not subject to hedging. Accordingly, hedge ineffectiveness may arise from price margin set by the counterparty of hedging instruments and unilateral change in credit risk of any party in the transaction.

The interest rate swap, currency swap contract and the hedged item are all affected by the changes in market interest rate and foreign exchange rates which are basic factors. The Group expects that the value of interest rate swap contract, currency swap contract and value of the hedged item will generally fluctuate in opposite direction.

b) Foreign currency securities, Foreign private bonds, Anticipated bond purchase

As of March 31, 2026, the Group has applied cash flow hedges to manage the risks associated with foreign currency securities amounting to 6,459,567 million Won, foreign currency private bonds totaling 186,711 million Won, and anticipated bond purchase transactions. The Group’s objective of these hedging measures is to mitigate the risk of cash flow fluctuations from foreign currency securities and private bonds due to exchange rate changes, as well as the price risk of future purchases of treasury and foreign government bonds. To achieve these objectives, the entity utilizes forward currency contracts, currency swaps, and bond forward contracts as designated hedging instruments.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Forward currency contracts are used to eliminate cash flow volatility arising from exchange rate fluctuations of anticipated transactions in foreign currency by agreeing to sell foreign currency at a pre-established rate on a future date. These contracts are designated as hedging instruments to offset cash flow variations caused by exchange rate changes on foreign currency-denominated items. The hedge ratio is determined by aligning the nominal amount of the hedging instrument with the face value of the hedged item.

Currency swap contracts are entered into to exchange interest and principal of foreign currency securities and private bonds during the contract period at predetermined notional amounts and rates, and revert the principal exchanged at inception upon maturity. This practice mitigates the cash flow volatility risk associated with the principal and interest payments of foreign currency-denominated securities and private bonds. The hedge ratio is determined by matching the nominal value of the hedging instrument to the face value of the hedged item.

Bond forward contracts are structured to purchase specific bonds at a predetermined notional amount and price on a future specified date to hedge against price risk caused by interest rate fluctuations impacting bond purchase prices. Upon contract expiration, bonds are acquired at the agreed-upon rate, thereby eliminating cash flow variability risks due to future interest rate changes. Thus, the hedging transaction removes the uncertainty surrounding the cash outflow amount related to interest rate changes at the future bond purchase date, thereby ensuring stable cash flows. The nominal amount of the hedging instrument in these bond forward contracts is aligned with the anticipated purchase amount of the hedged bonds, and the hedge ratio is calibrated to ensure that cash flow fluctuations of the hedged item and hedging instrument effectively offset each other.

3) Hedges of Foreign Currency Borrowings

As of March 31, 2026, the Group has designated cash flow hedges for foreign currency borrowings amounting to 302,680 million Won. The purpose of the Group’s hedging activities is to hedge the variability in cash flows related to interest and principal payments of variable-rate foreign currency borrowings arising from fluctuations in interest rates and foreign exchange rates. To achieve this objective, the Group has entered into currency swap contracts and designated them as hedging instruments. The Group designated only the portion excluding the foreign basis spread of derivative financial instruments as the hedging instrument.

Under the currency swap contracts, the principal amounts are exchanged at inception, and the Group pays amounts calculated by applying a fixed interest rate to a predetermined notional principal, while receiving amounts calculated by applying a floating interest rate denominated in U.S. dollars. At maturity, the principal amounts exchanged at inception are re-exchanged. As a result, the variability in cash flows related to the principal and interest of the foreign currency borrowings is eliminated. The hedge ratio is determined by matching the notional amount of the hedging instrument with the face amount of the hedged item under the currency swap contracts.

In these hedging relationships, only the most significant components of the variability in cash flows of the hedged items—namely, changes in interest rates and foreign exchange rates—are designated as hedged risks. Other risk components, including credit risk, are not included in the hedged risks. Accordingly, hedge ineffectiveness may arise due to factors such as the pricing margin of the counterparty to the hedging instrument or changes in the credit risk of either party to the hedging instrument.

Both the currency swap contracts and the hedged items are affected by changes in underlying variables, namely market interest rates and foreign exchange rates, and the Group expects that the values of the currency swap contracts and the hedged items will generally move in opposite directions.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4) Hedges of Net Investment in Foreign Operations

Foreign currency exposure arises from the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch which use USD as their functional currency. The risk arises from fluctuations in the spot exchange rate between USD and KRW. This may result in different net investment amounts.

The risk hedged in the net investment hedging is the fluctuation risk of KRW against USD, which may reduce the carrying amount of the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch.

A portion of the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch are hedged in USD denominated foreign currency bonds (Carrying amount as of March 31, 2026: USD 863,959,317) and mitigate foreign exchange risk arising from the net assets of subsidiaries. The debenture has been designated as a hedging instrument for the value change of net investments, which arises from fluctuation in the spot exchange rate between USD and KRW.

To evaluate the effectiveness of the hedge, the Group determines the economic relationship between the hedging instrument and hedged item by comparing (offsetting) changes in the amount of foreign investments due to spot exchange rate fluctuation and in the carrying amount of the liabilities due to spot exchange rate fluctuation. The Group’s policy is to hedge the net investment amount only within the principal range of the liabilities.

(3) The nominal amount of the hedging instrument is as follows (Unit: USD, EUR, AUD, SEK, GBP, JPY, CAD and Korean Won in millions):

		March 31, 2026
		1 year or less				1 year to 5 years				More than 5 years				Total
Fair value hedge
Interest rate risk
Interest rate swap (USD)			800,000,000				1,300,000,000				—				2,100,000,000
Interest rate swap (KRW)			—				—				340,000				340,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)			50,000,000				—				—				50,000,000
Foreign currencies translation risk
Currency forward (USD)			348,980,853				97,839,978				—				446,820,831
Currency forward (EUR)			—				72,961,301				—				72,961,301
Currency forward (AUD)			109,214,330				126,550,000				—				235,764,330
Currency forward (GBP)			15,700,000				—				—				15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward (USD)			—				320,000,000				—				320,000,000
Interest rate forward (KRW)			1,473,645				704,545				—				2,178,190
Interest rate swap (KRW)			—				60,000				—				60,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)			148,000,000				640,500,000				—				788,500,000
Currency swap (EUR)			37,000,000				154,900,000				7,000,000				198,900,000
Currency swap (AUD)			80,000,000				—				—				80,000,000
Currency swap (SEK)			380,000,000				219,000,000				—				599,000,000
Currency swap (JPY)			—				2,000,000,000				16,500,000,000				18,500,000,000
Foreign currencies translation risk
Currency forward (USD)			809,449,351				704,378,132				26,360,955				1,540,188,438
Currency forward (EUR)			246,250,500				206,072,000				—				452,322,500
Currency forward (AUD)			99,970,000				160,000,000				—				259,970,000
Currency swap (USD)			35,000,000				680,678,827				30,000,000				745,678,827
Currency swap (EUR)			274,780,000				987,000,000				80,000,000				1,341,780,000
Currency swap (AUD)			15,000,000				200,000,000				—				215,000,000
Currency swap (CAD)			—				50,000,000				—				50,000,000
Currency swap (JPY)			16,000,000,000				9,500,000,000				43,500,000,000				69,000,000,000
Hedges of net investment in foreign operations
Exchange risk
Foreign currency bond (USD)			300,000,000				563,959,317				—				863,959,317

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		1 year or less				1 year to 5 years				More than 5 years				Total
Fair value hedge
Interest rate risk
Interest rate swap (USD)			550,000,000				2,100,000,000				—				2,650,000,000
Interest rate swap (KRW)			—				—				290,000				290,000
Foreign currencies translation risk
Currency forward (USD)			414,314,566				65,544,792				—				479,859,358
Currency forward (EUR)			—				72,961,301				—				72,961,301
Currency forward (AUD)			109,214,330				126,550,000				—				235,764,330
Currency forward (GBP)			15,700,000				—				—				15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward (USD)			—				320,000,000				—				320,000,000
Interest rate forward (KRW)			1,630,000				380,000				—				2,010,000
Interest rate swap (KRW)			—				60,000				—				60,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)			336,333,334				470,500,000				—				806,833,334
Currency swap (EUR)			52,000,000				114,900,000				—				166,900,000
Currency swap (AUD)			80,000,000				—				—				80,000,000
Currency swap (SEK)			380,000,000				219,000,000				—				599,000,000
Currency swap (JPY)			—				—				5,000,000,000				5,000,000,000
Foreign currencies translation risk
Currency forward (USD)			998,071,601				700,378,132				—				1,698,449,733
Currency forward (EUR)			374,850,500				232,472,000				—				607,322,500
Currency forward (AUD)			99,970,000				160,000,000				—				259,970,000
Currency swap (USD)			130,000,000				527,884,000				—				657,884,000
Currency swap (EUR)			194,780,000				1,012,000,000				—				1,206,780,000
Currency swap (AUD)			15,000,000				200,000,000				—				215,000,000
Currency swap (CAD)			—				40,000,000				—				40,000,000
Currency swap (JPY)			—				21,500,000,000				43,500,000,000				65,000,000,000
Hedges of net investment in foreign operations
Exchange risk
Foreign currency bond (USD)			—				863,959,317				—				863,959,317

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) The average interest rate and average currency rate of the hedging instrument are as follows:

		March 31, 2026
		Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)		Fixed 4.18% receipt and (C.SOFR) + 1.21% paid
Interest rate swap (KRW)		Fixed 4.20% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 4.48% paid, KRW 2.76% receipt, USD/KRW = 1,402.05
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,422.94 USD/KRW = 1,316.68
Currency forward (EUR)		EUR/KRW = 1,498.43
Currency forward (AUD)		AUD/KRW = 893.40 AUD/KRW = 874.06
Currency forward (GBP)		GBP/KRW = 2,005.60
Cash flow hedge
Interest rate risk
Interest forward (USD)		YTM 5.14%, YTM 5.2%
Interest forward (KRW)		YTM 2.93%, YTM 3.31%
Interest rate swap (KRW)		KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 1M SOFR+0.66% receipt, KRW 3.39% paid, USD/KRW = 1,422.73 USD 4.05% paid, KRW 2.5% receipt, USD/KRW = 1,402.05 KRW 4.00% paid, USD SOFR+0.81% receipt, USD/KRW = 1,517.30
Currency swap (EUR)		EUR 3.15% paid, KRW 3.41% receipt, EUR/KRW = 1,660.67
Currency swap (AUD)		AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.20
Currency swap (SEK)		SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)		JPY 3.35% paid, KRW 4.71% receipt, JPY/KRW = 9.36
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,342.58
Currency forward (EUR)		EUR/KRW = 1,534.05
Currency forward (AUD)		AUD/KRW = 863.03
Currency swap (USD)		USD 3.84% paid, KRW 2.74% receipt, USD/KRW = 1,419.85
Currency swap (EUR)		EUR 1.98% receipt, KRW 3.40% paid, EUR/KRW = 1,344.08 EUR 3.03% paid, KRW 3.16% receipt, EUR/KRW = 1,653.09
Currency swap (AUD)		AUD 4.96% paid, KRW 3.58% receipt, AUD/KRW = 902.70
Currency swap (CAD)		CAD 4.60% paid, KRW 4.53% receipt, CAD/KRW = 1,061.92
Currency swap (JPY)		JPY 3.10% paid, KRW 4.47% receipt, JPY/KRW = 9.41
Hedges of net investment
Exchanging rate risk
Foreign currency denominated debentures(USD/KRW)		USD/KRW = 1,462.20

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)		Fixed 3.47% receipt and (C.SOFR) + 1.06% paid
Interest rate swap (KRW)		Fixed 3.94% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,326.88 USD/KRW = 1,373.60
Currency forward (EUR)		EUR/KRW = 1,498.43
Currency forward (AUD)		AUD/KRW = 874.06 AUD/KRW = 864.44
Currency forward (GBP)		GBP/KRW = 1,854.71
Cash flow hedge
Interest rate risk
Interest forward (USD)		YTM 5.14%, YTM 5.20%, USD/KRW = 1,373.23
Interest forward (KRW)		YTM 2.91%, YTM 1.42%
Interest rate swap (KRW)		KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 4.11% paid, KRW 2.54% receipt, USD 1M SOFR+0.91% receipt, KRW 3.60% paid, USD/KRW = 1,402.05, USD/KRW = 1,355.00
Currency swap (EUR)		EUR 3.03% paid, KRW 3.18% receipt, EUR/KRW = 1,619.42
Currency swap (AUD)		AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.20
Currency swap (SEK)		SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)		JPY 3.20% paid, KRW 4.45% receipt, JPY/KRW = 9.47
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,343.49
Currency forward (EUR)		EUR/KRW = 1,539.86
Currency forward (AUD)		AUD/KRW = 863.03
Currency swap (USD)		USD 1.75% receipt, KRW 1.63% paid, USD 2.50% receipt, KRW 3.76% paid, USD/KRW = 1,138.50 USD/KRW = 1,404.97
Currency swap (EUR)		EUR 1.98% receipt, KRW 3.40% paid, EUR 3.21% receipt, KRW 3.14% paid,EUR/KRW = 1,344.08 EUR/KRW = 1,644.48
Currency swap (AUD)		AUD 3.58% receipt, KRW 4.96% paid,AUD/KRW = 902.70
Currency swap (CAD)		CAD 4.46% receipt, KRW 4.60% paid, CAD/KRW = 1,062.00
Currency swap (JPY)		JPY 4.46% receipt, KRW 3.10% paid, JPY/KRW = 9.42
Hedges of net investment
Exchanging rate risk
Foreign currency denominated debentures(USD/KRW)		USD/KRW = 1,421.88

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(5) The amounts related to items designated as hedging instruments are as follows (Unit: USD, EUR, AUD, SEK, GBP, JPY, CAD and Korean Won in millions):

		March 31, 2026
		Nominal amount of the hedging instrument				Carrying amount of the hedging instrument								Line item in the statement of financial position where the hedging instrument is located		Changing in fair value used for calculating hedge ineffectiveness
						Assets				Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap(USD)			2,100,000,000				5,223				48,416			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(30,176	)
Interest rate Swap(KRW)			340,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)			50,000,000				—				5,772			Derivative liabilities (designated for hedging)			(15,682	)
Foreign currencies translation risk
Currency forward (USD)			446,820,831				—				69,504						(34,408	)
Currency forward (EUR)			72,961,301				—				17,137			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(3,233	)
Currency forward (AUD)			235,764,330				—				32,557						(16,982	)
Currency forward (GBP)			15,700,000				138				—						(937	)
Cash flow hedge
Interest rate risk
Interest forward (USD)			320,000,000				3,032				407						(2,196	)
Interest forward (KRW)			2,178,190				100				285,907			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(152,032	)
Interest rate swap (KRW)			60,000				1,676				—						773
Foreign currency translation risk and interest rate risk
Currency swap (USD)			788,500,000				64,817				21,613			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(1,398	)
Currency swap (EUR)			198,900,000				7				16,788						(7,543	)
Currency swap (AUD)			80,000,000				—				5,895			Derivative liabilities (designated for hedging)			(5,868	)
Currency swap (SEK)			599,000,000				268				10,327			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(1,447	)
Currency swap (JPY)			18,500,000,000				—				4,577			Derivative liabilities (designated for hedging)			(5,396	)
Foreign currency translation risk
Currency forward (USD)			1,540,188,438				—				235,006						(130,713	)
Currency forward (EUR)			452,322,500				—				90,809						(26,577	)
Currency forward (AUD)			259,970,000				—				38,195						(19,027	)
Currency swap (USD)			745,678,827				—				75,616			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(53,625	)
Currency swap (EUR)			1,341,780,000				75,558				103,227						(39,185	)
Currency swap (AUD)			215,000,000				—				27,980						(17,166	)
Currency swap (CAD)			50,000,000				—				1,935						(2,274	)
Currency swap (JPY)			69,000,000,000				3				18,502						(27,137	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond(USD)			863,959,317				—				1307516						(67,821	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Nominal amounts of the hedging instrument				Carrying amount of the hedging instrument								Line item in the statement of financial position where the hedging instrument is located		Changing in fair value used for calculating hedge ineffectiveness
						Assets				Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap (USD)			2,650,000,000											Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)
Interest rate Swap (KRW)			290,000				37,010				27,050						93,549
Foreign currencies translation risk
Currency forward (USD)			479,859,358				1,201				40,408			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(252,432	)
Currency forward (EUR)			72,961,301				—				13,904			Derivative assets (designated for hedging)			44,644
Currency forward (AUD)			235,764,330				—				15,575						(23,061	)
Currency forward (GBP)			15,700,000				—				1,101			Derivative liabilities (designated for hedging)			(1,408	)
Cash flow hedge
Interest rate risk
Interest rate forward (USD)			320,000,000				4,848				27			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			3,732
Interest rate forward (KRW)			2,010,000				2,344				139,313						(203,153	)
Interest rate swap (KRW)			60,000				903				—						1,084
Foreign currency translation risk and interest rate risk
Currency swap (USD)			806,833,334				51,040				11,984			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			(69,611	)
Currency swap (EUR)			166,900,000				1,012				16,086			Derivative liabilities (designated for hedging)			(9,085	)
Currency swap (AUD)			80,000,000				605				632						(5,494	)
Currency swap (SEK)			599,000,000				855				9,468						(7,678	)
Currency swap (JPY)			5,000,000,000				819				—						819
Foreign currency translation risk
Currency forward (USD)			1,698,449,733				2,221				127,924			Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)			13,389
Currency forward (EUR)			607,322,500				—				89,586						(10,747	)
Currency forward (AUD)			259,970,000				—				19,167						(350	)
Currency swap (USD)			657,884,000				30,780				27,168						(74,613	)
Currency swap (EUR)			1,206,780,000				72,261				60,932						(16,952	)
Currency swap (AUD)			215,000,000				—				13,220						(15,574	)
Currency swap (CAD)			40,000,000				339				—						334
Currency swap (JPY)			65,000,000,000				10,943				1,814						8,981
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond (USD)			863,959,317				—				1,239,695			Foreign currency bond			30,325

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6) Details of carrying amount to hedge and amount due to hedge accounting are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Carrying amount of the hedged item								Accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item								Line item in the statement of financial position in which the hedged item is included				Changing in fair value used for calculating hedge ineffectiveness				Cash flow hedge reserve (*2)
		Assets				Liabilities				Assets				Liabilities
Fair value hedge
Interest rate risk
Debentures(*1)			—				3,449,606				—				60,619				Debentures				31,239				—
Foreign currencies translation risk and interest rate risk
Foreign currency securities			52,822				—				(5,772	)			—				FTVPL				(2,779	)			—
Foreign currencies translation risk
Foreign currency securities			543,566				—				154,688				—				FVTOCI				31,185				—
			211,504				—				(22,173	)			—				FTVPL				425				—
Foreign private bonds			82,782				—				(14,610	)			—				Financial assets at amortized cost				—				—
Cash flow hedge
Interest rate risk
Debentures			—				59,956				—				—				Debentures				(773	)			1,215
Anticipated bond purchase			—				—				—				—				—				140,532				(255,155	)
Foreign currencies translation risk and interest rate risk
Debentures			—				974,062				—				—				Debentures				(14,284	)			3,970
Foreign currency borrowings			—				302,680				—				—				Borrowings				—				—
Foreign currency securities			648,248				—				—				—				FVTOCI				6,472				(4,538	)
Foreign private bonds			186,711				—				—				—				Financial assets at amortized cost				10,332				(1,945	)
Foreign currencies translation risk
Debentures			—				337,569				—				—				Debentures				(9,076	)			(1,007	)
Foreign currency securities			5,171,212				—				—				—				FVTOCI				273,477				(33,772	)
			640,107				—				—				—				FTVPL				47,540				(104	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset			—				1,307,516				—				—				Foreign operations net asset				67,821				(176,428	)

(*1) The accumulated profit on debentures on foreign currency amounted to 38,226 million won, and the accumulated loss on debentures on local currency amounted to 22,393 million won, as of March 31, 2026.

(*2) After tax amount

- 104 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		December 31, 2025
		Carrying amount of the hedged item								Accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item								Line item in the statement of financial position in which the hedged item is included				Changing in fair value used for calculating hedge ineffectiveness				Cash flow hedge reserve (*2)
		Assets				Liabilities				Assets				Liabilities
Fair value hedge
Interest rate risk
Debentures (*1)			—				4,046,624				—				36,892				Debentures				(80,760	)			—
Foreign currencies translation risk
Foreign currency securities			569,122				—				131,018				—				FVTOCI				169,469				—
			226,555				—				(4,121	)			—				FTVPL				70,015				—
Foreign private bonds			76,793				—				(7,717	)			—				Financial assets at amortized cost				6,567				—
Cash flow hedge
Interest rate risk
Debentures			—				59,952				—				—				Debentures				(1,083	)			655
Anticipated bond purchase			—				—				—				—				—				183,177				(150,651	)
Foreign currencies translation risk and interest rate risk
Debentures			—				878,855				—				—				Debentures				53,508				(188	)
Foreign currency securities			256,487				—				—				—				FVTOCI				13,062				(1,105	)
Foreign private bonds			176,540				—				—				—				Financial assets at amortized cost				11,016				(1,722	)
			55,671				—				—				—				FTVPL				(321	)			(77	)
Foreign currencies translation risk
Debentures			—				471,707				—				—				Debentures				(33,199	)			(2,242	)
Foreign currency securities			4,996,548				—				—				—				FVTOCI				141,426				(26,141	)
			605,631				—				—				—				FTVPL				(13,091	)			(321	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset			—				1,239,695				—				—				Foreign operations net asset				(30,325	)			(127,258	)

(*1) The accumulated profit on debentures on foreign currency amounted to 29,538 million Won, and the accumulated profit on debentures on local currency amounted to 7,354 million Won, as of December 31, 2025.

(*2) After tax amount

- 105 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7) Amounts recognized in profit or loss due to the ineffective portion of fair value hedges are as follows (Unit: Korean Won in millions):

				For the three-month period ended March 31, 2026
				Hedge ineffectiveness recognized in profit or loss				Line item in the profit or loss that includes hedge ineffectiveness
Fair value hedge		Interest rate risk			1,063			Other net operating income(expense)
		Foreign currencies translation risk and interest rate risk			(18,461	)		Other net operating income(expense)
		Foreign currencies translation risk			(23,950	)		Other net operating income(expense)
				For the three-month period ended March 31, 2025
				Hedge ineffectiveness recognized in profit or loss				Line item in the profit or loss that includes hedge ineffectiveness
Fair value hedge		Interest rate risk			3,655			Other net operating income(expense)

(8) Reclassification of profit or loss from other comprehensive income and equity related to cash flow hedges are as follows (Unit: Korean Won in millions):

				For the three-month period ended March 31, 2026
				Changes in the value of hedging instruments recognized in OCI				Hedge ineffectiveness recognized in profit or loss				Changes in the value of 21. recognized in OCI				Line item recognized in the profit or loss		Amounts reclassified from cash flow hedge reserve to profit or loss				Line item affected in profit or loss due to reclassification
Cash flow hedge		Interest rate risk			(198,968	)			45,513				—			Other net operating income (expense)			59,107			Other net operating income (expense)
		Foreign currencies translation risk and interest rate risk			(10,016	)			(11,636	)			(226	)		Other net operating income (expense)			11,922			Other net operating income (expense)
		Foreign currencies translation risk			(311,941	)			(3,763	)			431			Other net operating income (expense)			303,482			Other net operating income (expense)

- 106 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				For the three-month period ended March 31, 2025
				Changes in the value of hedging instruments recognized in OCI				Hedge ineffectiveness recognized in profit or loss				Changes in the value of foreign basis spread recognized in OCI				Line item recognized in the profit or loss		Amounts reclassified from cash flow hedge reserve to profit or loss				Line item affected in profit or loss due to reclassification
Cash flow hedge		Interest rate risk			142				—				—			Other net operating income (expense)			—			Other net operating income (expense)
		Foreign currencies translation risk and interest rate risk			(4,509	)			—				1,771			Other net operating income (expense)			3,045			Other net operating income (expense)
		Foreign currencies translation risk			12,508				—				162			Other net operating income (expense)			(11,165	)		Other net operating income (expense)

- 107 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(9) The amounts recognized in profit or loss and other comprehensive income related to the hedging of net investments in foreign operations are as follows (Unit: Korean Won in millions):

March 31, 2026

Other comprehensive income

Profit or loss

Hedge gain or loss recognized in other comprehensive income

Income tax effect

Sub-total

Hedge ineffectiveness recognized in profit or loss

Line item recognizing ineffectiveness

Hedges of net investment in foreign operations

Foreign exchange risk

(67,821

)

18,651

(49,170

)

—

—

March 31, 2025

Other comprehensive income

Profit or loss

Hedge gain or loss recognized in other comprehensive income

Income tax effect

Sub-total

Hedge ineffectiveness recognized in profit or loss

Line item recognizing ineffectiveness

Hedges of net investment in foreign operations

Foreign exchange risk

3,024

(798

)

2,226

—

—

No amount was reclassified from reserve of hedges of net investment in foreign operations to profit or loss for the three-month periods ended March 31, 2026 and 2025.

22. EQUITY

(1) Details of equity as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Capital
Common stock capital			3,802,676				3,802,676
Hybrid securities			3,710,454				3,710,498
Capital surplus
Paid in capital in excess of par			854,499				854,499
Others			78,669				78,937
Sub-total			933,168				933,436
Capital adjustments
Treasury stocks			(138,557	)			(35,517	)
Other adjustments (*1)			(1,643,432	)			(1,646,069	)
Sub-total			(1,781,989	)			(1,681,586	)
Accumulated other comprehensive income
Gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			1,194				1,274
Financial assets at FVTOCI			(2,373,037	)			(1,106,650	)
Changes in capital due to equity method			3,371				(4,222	)
Net financial gain (loss) on insurance contract assets (liabilities)			2,968,046				1,534,528
Net financial gain (loss) on reinsurance contract assets (liabilities)			(22,341	)			(10,462	)
Gain on revaluation of premises and equipment			1,795,243				—
Gain (loss) on foreign currency translation of foreign operations			693,988				416,768
Gain (loss) on hedges of net investment in foreign operations			(176,428	)			(127,258	)
Remeasurements of defined benefit plan			(113,813	)			(96,991	)
Gain (loss) on valuation of cash flow hedge			(230,066	)			(144,728	)
Sub-total			2,546,157				462,259
Retained earnings (*2) (*3)			28,797,534				28,790,056
Non-controlling interest (*4) (*5)			1,898,308				1,841,909
Total			39,906,308				37,859,248

- 108 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*1) Included 178,060 million Won in capital transaction gains and losses recognized by Woori Bank and (formerly) Woori Financial Group in 2014 and 2,238,228 million Won due to the spin-off of Gyeongnam Bank and Gwangju Bank.

(*2) The regulatory reserve for credit losses in retained earnings amounted to 2,959,506 million Won and 2,678,017 million Won as of March 31, 2026 and December 31, 2025, respectively in accordance with the relevant article.

(*3) The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million Won as of March 31, 2026 and December 31, 2025 in accordance with the Article 53 of the Financial Holding Company Act.

(*4) The hybrid securities issued by Woori Bank amounting to 1,406,513 million Won and 1,406,513 million Won as of March 31, 2026 and December 31, 2025, respectively, are recognized as non-controlling interests. 34,326 million Won and 36,457 million Won of dividends for the hybrid securities issued by Woori Bank are allocated to net profit and loss of the non-controlling interests for the three-month periods ended March 31, 2026 and 2025, respectively.

(*5) 10,995 million Won of dividends for the hybrid securities issued by Tongyang Life Insurance Co., Ltd. are allocated to net profit and loss of the non-controlling interests for the year ended December 31, 2025.

(2) The number of authorized shares and others of the Group are as follows:

		March 31, 2026				December 31, 2025
Shares of common stock authorized			4,000,000,000 Shares				4,000,000,000 Shares
Par value			5,000 Won				5,000 Won
Shares of common stock issued			734,076,320 Shares				742,591,501 Shares
Capital stock (*)			3,802,676 million Won				3,802,676 million Won

(*) Due to the cancellation of treasury shares using retained earnings, the paid-in capital differs from the total par value of the issued shares.

(3) Hybrid securities

The bond-type hybrid securities classified as owner’s equity are as follows (Unit: Korean Won in millions):

		Issue date				Maturity				Interest rate (%)				March 31, 2026				December 31, 2025
Securities in local currency			2021-04-08				—				3.15				200,000				200,000
Securities in local currency			2021-10-14				—				3.60				200,000				200,000
Securities in local currency			2022-02-17				—				4.10				300,000				300,000
Securities in local currency			2022-07-28				—				4.99				300,000				300,000
Securities in local currency			2022-10-25				—				5.97				220,000				220,000
Securities in local currency			2023-02-10				—				4.65				300,000				300,000
Securities in local currency			2023-09-07				—				5.04				200,000				200,000
Securities in local currency			2024-02-07				—				4.49				400,000				400,000
Securities in local currency			2024-06-19				—				4.27				400,000				400,000
Securities in local currency			2024-10-10				—				4.00				400,000				400,000
Securities in local currency			2025-05-13				—				3.45				400,000				400,000
Securities in local currency			2025-10-22				—				3.34				400,000				400,000
Issuance cost															(9,546	)			(9,502	)
Total															3,710,454				3,710,498

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from date of issuance.

(4) Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Increase (decrease) (*)				Reclassification adjustments				Income tax effect				Non-controlling interest adjustments				Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI			(1,106,650	)			(1,888,209	)			(29,969	)			495,671				156,120				(2,373,037	)
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			1,274				(110	)			—				30				—				1,194
Changes in capital due to equity method			(4,222	)			9,821				—				(2,228	)			—				3,371
Gain (loss) on foreign currency translation of foreign operations			416,768				287,905				—				(5,289	)			(5,396	)			693,988
Gain (loss) on hedges of net investment in foreign operations			(127,258	)			(67,821	)			—				18,651				—				(176,428	)
Remeasurement gain (loss) related to defined benefit liabilities			(96,991	)			(24,198	)			—				6,547				829				(113,813	)
Gain (loss) on valuation of cash flow hedge			(144,728	)			(521,040	)			374,511				36,067				25,124				(230,066	)
Net financial gain(loss) on insurance contract assets (liabilities)			1,534,528				2,240,648				—				(569,151	)			(237,979	)			2,968,046
Net financial gain (loss) on reinsurance contract assets (liabilities)			(10,462	)			(22,543	)			—				5,104				5,560				(22,341	)
Revaluation surplus			—				2,474,567				—				(678,089	)			(1,235	)			1,795,243
Total			462,259				2,489,020				344,542				(692,687	)			(56,977	)			2,546,157

(*) The increase(decrease) of financial asset valuation profit or loss at fair value through other comprehensive income are changes due to the period evaluation, and the reclassification adjustments amounting to (149) million Won are due to disposal of equity securities at FVTOCI during the period.

		For the three-month period ended March 31, 2025
		Beginning balance				Increase (decrease) (*)				Reclassification adjustments				Income tax effect				Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI			60,438				141,568				(31,953	)			(30,104	)			139,949
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL			1,348				35				—				(9	)			1,374
Changes in capital due to equity method			(1,886	)			477				—				(101	)			(1,510	)
Gain (loss) on foreign currency translation of foreign operations			523,780				2,202				—				1,092				527,074
Gain (loss) on hedges of net investment in foreign operations			(149,577	)			3,024				—				(798	)			(147,351	)
Remeasurement gain (loss) related to defined benefit plan			(86,218	)			(155,281	)			—				40,496				(201,003	)
Gain (loss) on valuation of cash flow hedge			(14,215	)			1,954				—				(227	)			(12,488	)
Total			333,670				(6,021	)			(31,953	)			10,349				306,045

(*) The increase(decrease) of financial asset valuation profit or loss at fair value through other comprehensive income are changes due to the period evaluation, and the reclassification adjustments amounting to 996 million Won are due to disposal of equity securities at FVTOCI during the period.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(5) Treasury stocks

Changes in treasury stocks for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Acquisition				Disposal etc.				Ending balance
Number of shares			3,082,276				2,983,526				—				6,065,802
Carrying amount			35,517				103,040				—				138,557

		For the three-month period ended March 31, 2025
		Beginning balance				Acquisition				Disposal etc.				Ending balance
Number of shares			3,082,276				1,550,000				—				4,632,276
Carrying amount			35,517				25,641				—				61,158

(6) Regulatory Reserve for Credit Loss

In accordance with Article 26 ~ 28 of the Financial holding company Supervision Regulations, the Group calculates and discloses the regulatory reserve for credit loss.

1) Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Beginning balance			2,959,506				2,668,842
Changes due to business combinations			—				9,175
Planned provision of regulatory reserve for credit loss			73,915				281,489
Ending balance			3,033,421				2,959,506

2) Provision of regulatory reserve for credit loss, adjusted income after the provision of regulatory reserve and others

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

		For the three-month periods ended March 31
		2026				2025
Net income before regulatory reserve			639,433				654,556
Required provision of regulatory reserve for credit loss			73,915				62,572
Adjusted net income after the provision of regulatory reserve			565,518				591,984
Dividends to hybrid securities			(39,034	)			(39,506	)
Adjusted net income after regulatory reserve and dividends to hybrid securities			526,484				552,478
Adjusted EPS after regulatory reserve and the dividends to hybrid securities (Unit: Korean Won)			721				747

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

23. DIVIDENDS

Dividends per share and the total dividends for the fiscal year ending December 31, 2025 were 760 Won and 557,431 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026. The financial statements of the current period ended March 31, 2026 include these unpaid dividends, which were paid in April 2026.

24. NET INTEREST INCOME

(1) Interest income recognized is as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Financial assets at FVTPL			79,791				55,959
Financial assets at FVTOCI			650,978				351,396
Financial assets at amortized cost:
Securities at amortized cost			130,888				137,852
Loans and other financial assets at amortized cost:
Interest on due from banks			131,992				142,661
Interest on loans			4,364,247				4,589,095
Interest of other receivables			32,192				28,206
Subtotal			4,528,431				4,759,962
Insurance finance interest income			5,707				—
Total			5,395,795				5,305,169

(2) Details of interest expense recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Financial liabilities at amortized cost
Interest on deposits due to customers			1,815,298				2,208,418
Interest on borrowings			285,360				303,709
Interest on debentures			464,012				448,547
Other interest expense			129,696				87,934
Interest on lease liabilities			4,687				4,570
Subtotal			2,699,053				3,053,178
Insurance finance interest expense			393,589				—
Total			3,092,642				3,053,178

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

25. NET FEES AND COMMISSIONS INCOME

(1) Details of fees and commissions income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Fees and commission received for brokerage			37,217				42,380
Fees and commission received related to credit			38,575				44,474
Fees and commission received for electronic finance			32,886				31,501
Fees and commission received on foreign exchange handling			13,557				13,772
Fees and commission received on foreign exchange			27,404				27,452
Fees and commission received for guarantee			22,432				24,402
Fees and commission received on credit card			154,751				160,616
Fees and commission received on securities business			38,410				17,101
Fees and commission from trust management			64,977				64,649
Fees and commission received on credit information			1,954				2,679
Fees and commission received related to lease			239,345				239,363
Other fees			118,237				40,582
Total			789,745				708,971

(2) Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Fees and commissions paid			88,606				85,212
Credit card commission			112,145				106,211
Securities business commission			1,504				401
Others			10,660				5,713
Total			212,915				197,537

26. DIVIDEND INCOME

(1) Details of dividend income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Dividend income related to financial assets at FVTPL			120,868				55,279
Dividend income related to financial assets at FVTOCI			19,864				14,545
Total			140,732				69,824

(2) Details of dividends related to financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31, 2026								For the three-month periods ended March 31, 2025
		Derecognized equity instruments				Held equity instruments				Derecognized equity instruments				Held equity instruments
Stocks			—				15,510				—				13,791
Capital contributions			—				223				—				754
Others			—				4,131				—				—
Total			—				19,864				—				14,545

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

27. NET GAIN OR LOSS ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS MANDATORILY MEASURED AT FAIR VALUE

(1) Details of gains or losses related to net gain or loss on financial instruments at FVTPL are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Gain (Loss) on financial instruments at FVTPL			410,328				212,408
Gain (Loss) on credit risk fluctuation of financial instuments designated to be measured at FVTPL			28,923				(10,040	)
Total			439,251				202,368

(2) Details of net gain or loss on financial instruments at fair value through profit or loss and financial instruments held for trading are as follows (Unit: Korean Won in millions):

						For the three-month periods ended March 31
						2026				2025
Financial assets at FVTPL		Securities		Gain on transactions and valuation			670,601				336,624
				Loss on transactions and valuation			(625,251	)			(126,284	)
				Sub-total			45,350				210,340
		Loans		Gain on transactions and valuation			8,248				1,212
				Loss on transactions and valuation			(9,074	)			(72	)
				Sub-total			(826	)			1,140
		Other financial assets		Gain on transactions and valuation			43,762				3,318
				Loss on transactions and valuation			(32,906	)			(7,275	)
				Sub-total			10,856				(3,957	)
				Sub-total			55,380				207,523
Derivatives (Held for trading) (*)		Interest rates derivatives		Gain on transactions and valuation			1,187,989				356,578
				Loss on transactions and valuation			(864,366	)			(556,278	)
				Sub-total			323,623				(199,700	)
		Currency derivatives		Gain on transactions and valuation			5,531,685				2,338,103
				Loss on transactions and valuation			(5,467,557	)			(2,133,574	)
				Sub-total			64,128				204,529
		Equity derivatives		Gain on transactions and valuation			205,000				89
				Loss on transactions and valuation			(237,795	)			(37	)
				Sub-total			(32,795	)			52
		Other derivatives		Gain on transactions and valuation			—				4
				Loss on transactions and valuation			(8	)			—
				Sub-total			(8	)			4
				Sub-total			354,948				4,885
Net total							410,328				212,408

(*) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The gains and losses on transactions of foreign exchange are described in Note 30. (2) and (3).

(3) Details of gains or losses on credit risk fluctuation of financial instruments designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Gain (Loss) on deposits
Gain (Loss) on fixed deposits			28,923				(10,040	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

28. NET GAIN OR LOSS ON FINANCIAL ASSETS AT FVTOCI

Details of net gain or loss on financial assets at FVTOCI recognized are as follows (Unit: Korean Won in millions) :

		For the three-month periods ended March 31
		2026				2025
Gain (Loss) on transactions of securities			10,703				33,257

29. REVERSAL OF (PROVISION FOR) IMPAIRMENT LOSSES DUE TO CREDIT LOSS

Reversal of (provision for) impairment losses due to credit loss are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Provision due to credit loss on financial assets measured at FVTOCI			(1,916	)			(728	)
Reversal for impairment loss due to credit loss on securities at amortized cost			52				90
Provision for impairment loss due to credit loss on loan and other financial assets at amortized cost			(528,853	)			(441,886	)
Reversal for guarantees			1,444				2,619
Reversal for unused loan commitment			2,491				4,404
Total			(526,782	)			(435,501	)

30. GENERAL AND ADMINISTRATIVE EXPENSES AND OTHER NET OPERATING INCOME (EXPENSES)

(1) Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):

						For the three-month periods ended March 31
						2026				2025
Employee benefits		Short-term employee benefits		Salaries			491,948				472,112
				Employee fringe benefits			199,996				145,246
		Share based payment					23,061				5,243
		Retirement benefit service costs					42,643				38,374
		Termination					183,070				169,392
		Subtotal					940,718				830,367
Depreciation and amortization							151,939				142,947
Other general and administrative expenses		Rent					31,496				32,019
		Taxes and public dues					74,233				52,414
		Service charges					66,329				63,725
		Computer and IT related					45,446				38,946
		Telephone and communication					27,594				25,515
		Advertising					33,906				25,597
		Printing					1,057				1,156
		Traveling					4,337				3,060
		Supplies					1,981				1,706
		Insurance premium					4,178				3,726
		Maintenance					5,993				5,925
		Water, light, and heating					6,281				5,603
		Vehicle maintenance					2,619				2,713
		Others					24,702				70,753
		Sub-total					330,152				332,858
		Total					1,422,809				1,306,172

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Details of other operating income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Gains on transactions of foreign exchange (*)			450,573				288,336
Gains related to derivatives (designated for hedging)			61,854				59,068
Gains on fair value hedged items			32,679				2,067
Others			126,488				95,639
Total			671,594				445,110

(*) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 27. (2).

(3) Details of other operating expenses recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Losses on transactions of foreign exchange (*1)			451,598				317,375
KDIC deposit insurance premium			126,607				130,370
Contribution to miscellaneous funds			139,984				130,108
Losses related to derivatives (Designated for hedging)			196,022				3,734
Losses on fair value hedged items			10,047				45,158
Others (*2)			339,396				296,108
Total			1,263,654				922,853

(*1) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 27. (2).

(*2) Other expense includes 6,782 million Won and 8,137 million Won for intangible asset amortization cost and 156,439 million Won and 156,954 million Won for lease depreciation cost for the period ended March 31, 2026 and 2025, respectively.

(4) Share-based payment

Details of performance condition share-based payment granted to executives as of March 31, 2026 and December 31, 2025 are as follows.

1) Performance condition share-based payment

Subject to				Shares granted for the year 2021
Type of payment				Cash-settled
Vesting period				January 1, 2021 ~ December 31, 2024
Date of payment				2025-01-01
Fair value (*1)				15,831 Won
Valuation method				Black-Scholes Model

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Expected dividend rate				6.48%
Expected maturity date				—
Number of shares remaining		As of March 31, 2026		56,029 shares
		As of December 31, 2025		56,029 shares
Number of shares granted (*2)		As of March 31, 2026		56,029 shares
		As of December 31, 2025		56,029 shares
Subject to				Shares granted for the year 2022
Type of payment				Cash-settled
Vesting period				January 1, 2022 ~ December 31, 2025
Date of payment				2026-01-01
Fair value (*1)				27,713 Won
Valuation method				Black-Scholes Model
Expected dividend rate				7.30%
Expected maturity date				—
Number of shares remaining		As of March 31, 2026		804,727 shares
		As of December 31, 2025		960,777 shares
Number of shares granted (*2)		As of March 31, 2026		804,727 shares
		As of December 31, 2025		960,777 shares
Subject to				Shares granted for the year 2023
Type of payment				Cash-settled
Vesting period				January 1, 2023 ~ December 31, 2026
Date of payment				2027-01-01
Fair value (*1)				31,892 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				0.75 year
Number of shares remaining		As of March 31, 2026		916,849 shares
		As of December 31, 2025		916,849 shares
Number of shares granted (*2)		As of March 31, 2026		916,849 shares
		As of December 31, 2025		916,849 shares
Subject to				Shares granted for the year 2024
Type of payment				Cash-settled
Vesting period				January 1, 2024 ~ December 31, 2027
Date of payment				2028-01-01
Fair value (*1)				29,825 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				1.75 years
Number of shares remaining		As of March 31, 2026		1,384,504 shares
		As of December 31, 2025		1,384,504 shares
Number of shares granted (*2)		As of March 31, 2026		1,384,504 shares
		As of December 31, 2025		1,384,504 shares
Subject to				Shares granted for the year 2025
Type of payment				Cash-settled
Vesting period				January 1, 2025 ~ December 31, 2028
Date of payment				2029-01-01
Fair value (*1)				27,892 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				2.75 years
Number of shares remaining		As of March 31, 2026		1,048,842 shares
		As of December 31, 2025		1,048,842 shares
Number of shares granted (*2)		As of March 31, 2026		1,048,842 shares
		As of December 31, 2025		1,048,842 shares

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Subject to				Shares granted for the year 2026
Type of payment				Cash-settled
Vesting period				January 1, 2026 ~ December 31, 2029
Date of payment				2030-01-01
Fair value (*1)				26,085 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				3.75 years
Number of shares remaining		As of March 31, 2026		148,342 shares
		As of December 31, 2025		—
Number of shares granted (*2)		As of March 31, 2026		148,342 shares
		As of December 31, 2025		—

(*1) As the amount of payment varies according to the base price (the arithmetic average of the weighted average stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated to measure the liability according to the Black Scholes model based on the base price at the time of each settlement.

(*2) The number of payable stocks is granted at the initial contract date. This is a system in which the number of shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of payment. Performance is evaluated as long-term performance indication including relative shareholder return, net income, return on equity (ROE), C/I ratio, non-performing loan ratio and job performance.

2) The Group accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of March 31, 2026 and December 31, 2025, the carrying amount of the liabilities related to the performance condition share-based payments recognized by the Group amounts to 126,917 million Won and 107,713 million Won, respectively, including the carrying amount of liabilities related to key management of 49,802 million Won and 43,823 million Won, respectively.

31. NON-OPERATING INCOME (EXPENSES)

(1) Details of gains or losses on valuation of investments in joint ventures and associates are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Gains on valuation of investments in joint ventures and associates			41,031				16,226
Losses on valuation of investments in joint ventures and associates			(12,268	)			(6,191	)
Total			28,763				10,035

(2) Details of other non-operating income and expenses recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Other non-operating incomes			39,572				23,179
Other non-operating expenses			(28,298	)			(37,882	)
Total			11,274				(14,703	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Details of other non-operating income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Rental fee income			11,990				5,311
Gains on disposal of investments in joint ventures and associates			17,512				16
Gains on disposal of premises and equipment, intangible assets and other assets			1,478				375
Reversal of impairment losses of premises and equipment, intangible assets and other assets			705				20
Others (*)			7,887				17,457
Total			39,572				23,179

(*) ‘Others’ for the three-month periods ended March 31, 2026 and 2025 include 421 million Won and 3 million Won of other special gain related to other provisions, respectively.

(4) Details of other non-operating expenses recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Depreciation on investment properties			2,869				1,397
Operating expenses on investment properties			342				321
Losses on disposal of investments in joint ventures and associates			29				191
Losses on disposal of premises and equipment, intangible assets and other assets			3,722				387
Impairment losses of premises and equipment, intangible assets and other assets			371				282
Loss on revaluation of premises and equipment			6,838				—
Donation			6,388				15,991
Others (*)			7,739				19,313
Total			28,298				37,882

(*) Other special losses related to other provisions for the three-month periods ended March 31, 2026 and 2025 are 231 million Won and 64 million Won, respectively.

32. INCOME TAX EXPENSE

Details of income tax expenses are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Current tax expense:
Current tax expense with respect to the current period			162,680				231,853
Adjustments recognized in the current period in relation to the tax expense of prior periods			(2,545	)			13,191
Income tax expense (income) directly attributable to other equity			17,700				(798	)
Sub-total			177,835				244,246
Deferred tax expense
Change in deferred tax assets (liabilities) due to temporary differences			744,002				(45,368	)
Income tax expense (income) directly attributable to equity			(711,085	)			11,147
Others			(1,993	)			14
Sub-total			30,924				(34,207	)
Income tax expense			208,759				210,039

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Income tax expense was recognized based on the best estimate of the weighted average annual effective tax rate expected for the interim period. The weighted average annual effective tax rate for the March 31, 2026, is 24.6% (The weighted average annual effective tax rate for the March 31, 2025, is 24.3%).

33. EARNINGS PER SHARE (“EPS”)

(1) Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):

		For the three-month periods ended March 31
		2026				2025
Net income attributable to shareholders			604,318				616,691
Dividends to hybrid securities			(39,034	)			(39,506	)
Net income attributable to common shareholders			565,284				577,185
Weighted average number of common shares outstanding (Unit: million shares)			730				739
Basic EPS (Unit: Korean Won)			774				781

(2) The weighted average number of common shares outstanding is as follows (Unit: number of shares, days):

		For the three-month period ended March 31, 2026
		Number of shares				Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period			734,076,320				66,066,868,800
Treasury stocks			(3,082,276	)			(277,404,840	)
Acquisition of treasury stock			(2,983,526	)			(76,074,046	)
Sub-total (①)							65,713,389,914
Weighted average number of common shares outstanding (② = ①/90)							730,148,777

		For the three-month period ended March 31, 2025
		Number of shares				Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period			742,591,501				66,833,235,090
Treasury stocks			(3,082,276	)			(277,404,840	)
Acquisition of treasury stock			(1,550,000	)			(28,250,000	)
Sub-total (①)							66,527,580,250
Weighted average number of common shares outstanding (② = ①/90)							739,195,336

Diluted EPS is equal to basic EPS because there is no dilution effect for the three-month periods ended 31, 2026 and 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

34. CONTINGENT LIABILITIES AND COMMITMENTS

(1) Details of guarantees are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Confirmed guarantees
Guarantee for loans			73,549				69,961
Acceptances			612,097				495,942
Guarantees in acceptances of imported goods			61,287				66,879
Other confirmed guarantees			11,353,093				10,831,684
Sub-total			12,100,026				11,464,466
Unconfirmed guarantees
Local letters of credit			188,493				161,120
Letters of credit			3,080,009				2,615,813
Other unconfirmed guarantees			1,880,531				1,331,305
Sub-total			5,149,033				4,108,238
Commercial paper purchase commitments and others			489,105				497,394
Total (*)			17,738,164				16,070,098

(*) Includes financial guarantees of 5,367,797 million won and 5,032,808 million won as of March 31, 2026 and December 31, 2025, respectively.

(2) Details of loan commitments and others are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Loan commitments			137,516,914				134,286,067
Other commitments (*)			11,521,891				10,205,741

(*) As of March 31, 2026 and December 31, 2025, the amount of unsecured bills (purchase bills sales) and discounts on electronic short-term bond sales (purchase) are 4,815,139 million won and 4,399,729 million won, respectively.

(3) Litigation case

Details of litigation cases as of the period ended March 31, 2026, and December 31, 2025 are as follows.

Litigation case that the key Group is a defendant in a lawsuit pending (excluding fraud lawsuits and those lawsuits that are filed only to extend the statute of limitation, etc.) are 1,042 cases (litigation value of 983,790 million Won) and 1,032 cases (litigation value of 926,888 million Won) as of March 31, 2026 and December 31, 2025 respectively, and provisions for litigations are 70,560 million Won and 70,682 million Won.

(4) Other commitments

1) The obligations related to guaranteed completion with trust business as of March 31, 2026, are as follows (Unit: Korean Won in millions):

				cases		Initial PF Commitment Limit		Amount of PF Loans (*3)		Amount of unused PF limit (*4)		Amount of Trust Account Limit (*4)		Amount of Trust Account
Responsible completion land trust (*1)		Our Responsibility for Completion Deadline Passed (including completed projects)		3		200,000		38,733		55,013		5,700		5,700
Redevelopment Land Trust		Our Obligation to Bear Responsibility for Completion (*2)		3		98,499		54,210		97,066		32,500		13,392
Total				6		298,499		92,943		152,079		38,200		19,092

(*1) Responsible completion land trust is a trust in which the Woori Asset Trust Co., Ltd., subsidiary, is only liable to the lending financial institution for the completion guarantee obligation in case the contractor fails to fulfill the obligation. If the subsidiary is unable to fulfill the completion guarantee obligation, it is responsible for compensating the lending financial institution for any losses incurred.

(*2) In redevelopment projects where the Korea Housing & Urban Guarantee Corporation guarantees project financing loans, the project operator is responsible for the completion guarantee obligation according to the standard project agreement terms of the Korea Housing & Urban Guarantee Corporation, but the completion guarantee period has not yet expired as of March 31, 2026.

(*3) Since, for projects where it is highly likely that our subsidiary Woori Asset Trust will bear the responsibility for completion and where the possibility and amount of loss can be reliably estimated, these impacts have been reflected in the financial statements at the end of the current period. However, for projects where the risk of Woori Asset Trust bearing the completion guarantee obligations is considered low or where the possibility and amount of loss cannot be reliably estimated, these impacts have not been reflected in the financial statements at the end of the current period.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*4) The limit may be subject to change during the project progress due to reasons such as limit deductions.

2) As of March 31, 2026, Woori Asset Trust, a subsidiary, may lend a trust account for a part of the total project cost in relation to 29 debt-type land trust contracts including Boutique Terrace Hotel in Woo-dong, Haeundae-gu, Busan. The maximum loan amount (unused limit) is 165,589 million Won. Whether or not Woori Asset Trust lends a trust account in relation to the relevant businesses is not an unconditional payment obligation, and it is determined by considering overall matters such as the unique account and the fund balance plan of each trust business.

3) Pursuant to some contracts related to asset securitization, the Group utilizes various prerequisites, triggering events causing early redemption, limiting risks that investors bear due to change in asset quality. Breach of such triggering clause leads to an early redemption of the securitized bonds.

4) As of March 31, 2026, Tongyang Life Insurance Co., Ltd., a subsidiary, has entered into an agreement with Tongyang Leisure to amend the existing lease and transfer operating rights for the golf course, contingent upon the conversion of the golf course to public access, member consent, and court approval of the rehabilitation plan. The agreement includes clauses to pay variable compensation amount based on the sale proceeds, in consideration of the fulfillment of contractual obligations and the transfer of business rights. Member consent and the conversion to public access have been completed, and the variable compensation will be recognized when the decision to sell is made.

5) As of March 31, 2026, Tongyang Life Insurance, a subsidiary, is under investigation by the Financial Services Commission regarding potential violations of the Credit Information Use and Protection Act.

6) The administrative fine paid to the Personal Information Protection Commission in October 2025 in connection with the leakage of personal credit information of merchant representatives that occurred at the subsidiary, Woori Card, between January and April 2024 has been recognized in non-operating income and expenses. In addition, further administrative fines may be imposed by the Financial Services Commission; however, the outcome cannot be predicted at this time.

- 122 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

35. RELATED PARTY TRANSACTIONS

Related parties of the Group as of March 31, 2026 and December 31, 2025, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the three-month period ended March 31, 2026 and 2025 are as follows. Please refer to Note 12 for the details of joint ventures and associates.

(1) Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):

		Related parties		Account title		March 31, 2026				December 31, 2025
Associates		W Service Networks Co., Ltd.		Loans			22				30
				Deposits due to customers			3,044				3,009
				Accrued expenses			7				7
				Other liabilities			316				316
		Korea Credit Bureau Co., Ltd.		Loans			39				—
				Deposits due to customers			1,457				2,615
				Other liabilities			16				10
		Korea Finance Security Co., Ltd.		Loans			3,231				3,435
				Loss allowance			(22	)			(23	)
				Deposits due to customers			4,291				2,138
				Other liabilities			2				1
		LOTTE CARD Co. Ltd.		Loans			15,134				26,880
				Account receivables			33				35
				Loss allowance			(30	)			(295	)
				Derivative assets			178				564
				Other assets			213				256
				Deposits due to customers			29,413				22,869
				Accrued expenses			43				39
				Derivative liabilities			1,333				807
				Other liabilities			289				289
		K BANK Co., Ltd. (*1)		Loans			—				17
				Account receivables			—				9
				Cash and cash equivalents			—				192
				Other assets			—				43
				Other liabilities			—				158,668
		Others (*2)		Loans			42,716				42,903
				Loss allowance			(139	)			(139	)
				Other assets			2,925				9,116
				Deposits due to customers			2,042				2,259
				Other liabilities			985				541

(*1) It has been excluded from related parties as of March 31, 2026.

(*2) Others include IGEN2022No. 1 Private Equity Fund and etc., as of March 31, 2026 and December 31, 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

						For the three-month period ended March 31
		Related parties		Account title		2026				2025
Associates		W Service Network Co., Ltd.		Other income			9				9
				Interest expenses			15				8
				Fees expenses			55				129
				Other expenses			256				266
		Korea Credit Bureau Co., Ltd.		Interest expenses			6				—
				Fees expenses			1,315				1,291
				Other expenses			24				20
		Korea Finance Security Co., Ltd.		Interest income			38				35
				Interest expenses			1				—
				Provision(Reversal) of allowance for credit loss			(1	)			(1	)
				Other expenses			6				6
		LOTTE CARD Co., Ltd.		Interest income			274				395
				Fees income			956				991
				Gain on derivatives			177				631
				Loss on derivatives			912				352
				Interest expenses			347				455
				Fees expenses			647				—
				Provision(Reversal) of allowance for credit loss			(265	)			(269	)
		K BANK Co., Ltd.		Fees income			68				88
				Other expenses			2				—
		Others (*)		Interest income			649				124
				Fees income			9,441				3,101
				Dividend income			—				925
				Other income			1,519				2,289
				Interest expenses			2,726				2,597
				Other expenses			—				1,441
				Provision(Reversal) of allowance for credit loss			—				(108	)

(*) Others include Win Mortgage Co., Ltd. and etc., for the period ended March 31, 2026 and 2025.

(3) Major loan transactions with related parties for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

				For the three-month period ended March 31, 2026
		Related parties		Beginning balance				Loan				Collection				Others				Ending balance (*1)
Associates		W Service Network Co., Ltd.			30				75				83				—				22
		Korea Credit Bureau Co., Ltd.			—				42				3				—				39
		Korea Finance Security Co., Ltd.			3,435				94				298				—				3,231
		LOTTE CARD Co., Ltd.			26,880				—				12,531				785				15,134
		K BANK Co., Ltd. (*2)			17				49				50				(16	)			—
		Win Mortgage Co.,Ltd.			18				49				51				—				16
		Woori Real Estate Investment No. 1 Limited Liability Company			42,885				—				185				—				42,700

(*1) Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

(*2) It has been excluded from related parties as of March 31, 2026.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				For the three-month period ended March 31, 2025
		Related parties		Beginning balance				Loan				Collection				Others				Ending balance (*)
Associates		W Service Network Co., Ltd.			51				134				126				—				59
		Korea Credit Bureau Co., Ltd.			1				—				1				—				—
		Korea Finance Security Co., Ltd.			3,225				310				504				—				3,031
		LOTTE CARD Co., Ltd.			27,913				—				13,213				(35	)			14,665
		K BANK Co., Ltd.			18				73				61				—				30
		Win Mortgage Co., Ltd.			8				52				41				—				19
		ARAM CMC CO. LTD			41				—				—				—				41
		Godo Kaisha Oceanos 1			38,770				—				16,346				1,875				24,299

(*) Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

(4) Details of changes in major deposits due to customers with related parties for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

				For the three-month period ended March 31, 2026
		Related parties		Beginning balance				Increase				Decrease				Ending balance (*)
Associates		W Service Networks Co., Ltd			1,000				1,550				—				2,550
		Win Mortgage Co., Ltd.			1,352				1,066				1,352				1,066
		Korea Credit Bureau Co., Ltd.			1,000				—				—				1,000

(*) Details of payment between related parties, demand deposit due to customers and etc. are excluded.

				For the three-month period ended March 31, 2025
		Related parties		Beginning balance				Increase				Decrease				Ending balance (*)
Associates		W Service Networks Co., Ltd			1,000				—				—				1,000
		Win Mortgage Co., Ltd.			1,387				732				1,187				932

(*) Details of payment between related parties, demand deposit due to customers and etc. are excluded.

(5) There are no major borrowing transactions with related parties for the three-month periods ended March 31, 2026 and 2025.

(6) Guarantees provided to the related parties are as follows (Unit: Korean Won in millions):

Warrantee		March 31, 2026				December 31, 2025				Warranty
Korea Finance Security Co., Ltd.			629				425				Unused loan commitment
Korea Credit Bureau Co., Ltd.			961				35				Unused loan commitment
W Service Network Co., Ltd.			158				150				Unused loan commitment
K BANK Co., Ltd.			—				283				Unused loan commitment
LOTTE CARD Co. Ltd.			478,300				478,300				Unused loan commitment
			1,740				1,650				Confirmed Foreign Currency Payment Guarantee
Win Mortgage Co., Ltd.			34				32				Unused loan commitment

As of March 31, 2026 and December 31, 2025, the recognized payment guarantee provisions are 289 million Won and 289 million Won, respectively, in relation to the guarantees provided to the related parties above.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7) Amount of commitments with the related parties are as follows (Unit: Korean Won in millions):

Warrantee		March 31, 2026				December 31, 2025				Warranty
NH Woori Newdeal Growth Alpha Private Equity Fund 1			819				819			Securities purchase commitment
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]			990,000				990,000			Securities purchase commitment
BTS 2nd Private Equity Fund			176				1,234			Securities purchase commitment
STASSETS FUND III			—				1,500			Securities purchase commitment
Synaptic Future Growth Private Equity Fund 1			1,589				1,624			Securities purchase commitment
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership			4,664				4,664			Securities purchase commitment
Woori Seoul Beltway Private Special Asset Fund No.1			26,072				27,103			Securities purchase commitment
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2			60				255			Securities purchase commitment
Woori Asset Global Partnership Fund No.5			63,750				75,000			Securities purchase commitment
JC Assurance No.2 Private Equity Fund			492				492			Securities purchase commitment
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund			50				50			Securities purchase commitment
Woori Real Estate Investment No. 1 Limited Liability Company			7,100				7,100			Securities purchase commitment
Woori Future Energy Private Special Asset Investment Trust(General) No.1			33,600				33,600			Securities purchase commitment
LOTTE CARD Co., Ltd.			440,000				440,000			Derivative commitment
Woori IMM Greean Net Zero Fund			21,099				21,099			Securities purchase commitment
Woori NH Co-Growth Private Equity Fund I			69,720				9,296			Securities purchase commitment
Woori PGIF4 General Type Private Special Asset Investment Trust No.1			5,299				3,102			Securities purchase commitment
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1			19,378				15,820			Securities purchase commitment
Woori Global Secondary Private Placement Investment Trust No. 2			1,799				2,948			Securities purchase commitment
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1			19,342				20,000			Securities purchase commitment

(8) Major investment and Recovery transactions

There are no major investment and recovery transactions with related parties for the three-month periods ended 2026 and 2025. Investment and recovery transactions of associates that are not treated as financial assets at fair value through profit or loss are described in Note 12.(2)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(9) Compensation for key management is as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Short-term employee salaries			6,993				6,051
Retirement benefit service costs			390				314
Share-based compensation			7,057				1,849
Total			14,440				8,214

Key management includes executives and directors of Woori Financial Group and major subsidiaries, and also includes CEO of other subsidiaries. Outstanding assets from transactions with key management amount to 3,234 million won and 3,203 million won, as of March 31, 2026 and December 31, 2025 respectively and with respect to the assets, the Group has not recognized any allowance nor related impairment loss due to credit losses. Also, liabilities from transaction with key management amount to 13,236 million won and 11,562 million won, respectively, as of March 31, 2026 and December 31, 2025.

36. EVENTS AFTER THE REPORTING PERIOD

(1) On April 24, 2026, the Group’s Board of Directors has declared to pay a quarterly dividend of 220 Won per share (total dividend of 160,541 million Won) with the record date set as of May 11, 2026, and the dividends will be paid on May 29, 2026.

(2) On April 24, 2026, Woori Investment Securities Co., Ltd., a subsidiary of the parent company, resolved at its board of directors meeting to undertake a shareholder-allocated paid-in capital increase of KRW 1 trillion (fully allocated to the parent company). The Group completed the payment of subscription amount on May 4, 2026.

(3) On April 29, 2026, the Group entered into a share exchange agreement with its subsidiary, Tongyang Life Insurance Co., Ltd., under which 0.2521056 shares of the parent company’s common stock will be delivered for each common share of Tongyang Life Insurance Co., Ltd. held by shareholders other than the parent company. The shares are scheduled to be delivered on August 11, 2026.

- 127 -

Exhibit 99.2

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

WOORI FINANCIAL GROUP INC.

		Page(s)
Independent Auditors’ Review Report			1-2
Separate Interim Financial Statements
Separate Interim Statements of Financial Position			4
Separate Interim Statements of Comprehensive Income			5
Separate Interim Statements of Changes in Equity			6
Separate Interim Statements of Cash Flows			7
Notes to the Separate Interim Financial Statements			8-37

Independent Auditor’s Review Report

Based on a report originally issued in Korean

To the Board of Directors and Shareholders of Woori Financial Group Inc.

Reviewed Financial Statements

We have reviewed the accompanying condensed separate interim financial statements of Woori Financial Group Inc. (the “Company”), which comprise the condensed separate interim statement of financial position as of March 31, 2026, the condensed separate interim statement of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026, and 2025 and notes, comprising of material accounting policy information and other explanatory information.

Management’s Responsibility

Management is responsible for the preparation and fair presentation of these condensed separate interim financial statements in accordance with Korean International Financial Reporting Standards (“K-IFRS”) No.1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of the condensed separate interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Review Responsibility

Our responsibility is to issue a report on these condensed separate interim financial statements based on our reviews.

We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe the accompanying condensed separate interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 Interim Financial Reporting.

- 1 -

Other Matters

The procedures and practices utilized in the Republic of Korea to review such condensed separate interim financial statements may differ from those generally accepted and applied in other countries.

The separate statement of financial position of the Company as of December 31, 2025, and the related separate statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and their report thereon, dated March 4, 2026, expressed an unqualified opinion. The accompanying separate statement of financial position of the Company as of December 31, 2025, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

May 15, 2026

This report is effective as of May 15, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed separate interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

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WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS

ENDED MARCH 31, 2026 AND 2025

The accompanying separate interim financial statements including all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

Jong Yong Yim

President and Chief Executive Officer

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF FINANCIAL POSITION

AS OF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025

		March 31, 2026				December 31, 2025
		(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 5 and 26)			1,485,933				489,321
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 6 and 8)			551,861				558,162
Loans and other financial assets at amortized cost (Notes 4, 7, 8 and 26)			867,389				707,142
Investments in subsidiaries (Notes 9 and 26)			25,599,124				25,597,495
Premises and equipment			3,861				4,763
Intangible assets			3,086				2,961
Net defined benefit asset (Note 13)			440				2,108
Current tax assets			34,247				26,295
Deferred tax assets			6,743				5,810
Other assets (Note 10)			430				315
Total assets			28,553,114				27,394,372
LIABILITIES
Debentures (Notes 4, 8 and 11)			2,717,637				2,667,525
Provisions (Note 12)			1,559				1,897
Current tax liabilities			708,717				673,217
Other financial liabilities (Notes 4, 8, 14 and 26)			681,374				95,822
Other liabilities (Note 14)			3,563				5,967
Total liabilities			4,112,850				3,444,428
EQUITY (Note 15)
Capital stock			3,802,676				3,802,676
Hybrid securities			3,710,228				3,710,228
Capital surplus			8,120,236				8,120,236
Other equity			(103,329	)			2,607
Retained earnings			8,910,453				8,314,197
Total equity			24,440,264				23,949,944
Total liabilities and equity			28,553,114				27,394,372

The accompanying notes are part of these condensed separate interim financial statements.

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WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
		(Korean Won in millions)
Interest income			2,990				8,610
Interest expense			(18,881	)			(16,813	)
Net interest income (Notes 17 and 26)			(15,891	)			(8,203	)
Fees and commissions income			443				459
Fees and commissions expense			(7,460	)			(5,240	)
Net fees and commissions loss (Notes 18 and 26)			(7,017	)			(4,781	)
Dividend income (Notes 19 and 26)			1,243,373				1,429,225
Provision of impairment losses due to credit loss (Notes 20 and 26)			(655	)			(404	)
General and administrative expenses (Notes 21 and 26)			(23,859	)			(18,421	)
Operating income			1,195,951				1,397,416
Non-operating income(expense) (Note 22)			—				(6	)
Net income before income tax expense			1,195,951				1,397,410
Income tax expense (Note 23)			(1,008	)			(1,345	)
Net income			1,194,943				1,396,065
Net gain (loss) on valuation of equity securities at FVTOCI (Note 15)			(4,569	)			2,686
Remeasurement loss related to defined benefit plan (Notes 13 and 15)			(549	)			(960	)
Items that will not be reclassified to profit or loss:			(5,118	)			1,726
Other comprehensive Income(loss), net of tax			(5,118	)			1,726
Total comprehensive income			1,189,825				1,397,791
Earnings per share (Notes 15 and 24)
Basic and diluted earnings per share (Unit: In Korean Won)			1,577				1,828

The accompanying notes are part of these condensed separate interim financial statements.

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WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF CHANGES IN EQUITY

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		Capital stock				Capital surplus				Hybrid securities				Other equity				Retained earnings				Total equity
		(Korean Won in millions)
January 01, 2025			3,802,676				11,120,236				3,810,225				(1,189	)			5,420,783				24,152,731
Total comprehensive income
Net income			—				—				—				—				1,396,065				1,396,065
Net gain on valuation of equity securities at FVTOCI			—				—				—				2,686				—				2,686
Remeasurement loss related to defined benefit plan			—				—				—				(960	)			—				(960	)
Transactions with owners
Dividends to common stocks			—				—				—				—				(490,075	)			(490,075	)
Dividends to hybrid securities			—				—				—				—				(39,506	)			(39,506	)
Redemption of hybrid securities			—				—				(399,092	)			(908	)			—				(400,000	)
Transfer of redemption loss of hybrid securities to retained earnings			—				—				—				2,456				(2,456	)			—
Acquisition of treasury stocks			—				—				—				(25,641	)			—				(25,641	)
Transfer to retained earnings			—				(3,000,000	)			—				—				3,000,000				—
March 31, 2025 (Unaudited)			3,802,676				8,120,236				3,411,133				(23,556	)			9,284,811				24,595,300
January 01, 2026			3,802,676				8,120,236				3,710,228				2,607				8,314,197				23,949,944
Total comprehensive income
Net income			—				—				—				—				1,194,943				1,194,943
Net loss on valuation of equity securities at FVTOCI			—				—				—				(4,569	)			—				(4,569	)
Remeasurement loss related to defined benefit plan			—				—				—				(549	)			—				(549	)
Transactions with owners
Dividends to common stocks			—				—				—				—				(557,431	)			(557,431	)
Dividends to hybrid securities			—				—				—				—				(39,034	)			(39,034	)
Transfer of redemption loss of hybrid securities to retained earnings			—				—				—				2,222				(2,222	)			—
Acquisition of treasury stocks			—				—				—				(103,040	)			—				(103,040	)
March 31, 2026 (Unaudited)			3,802,676				8,120,236				3,710,228				(103,329	)			8,910,453				24,440,264

The accompanying notes are part of these condensed separate interim financial statements.

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WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
		(Korean Won in millions)
Cash flows from operating activities:
Net income			1,194,943				1,396,065
Adjustments to net income:
Income tax expense			1,008				1,345
Interest income			(2,990	)			(8,610	)
Interest expense			18,881				16,813
Dividend income			(1,243,373	)			(1,429,225	)
			(1,226,474	)			(1,419,677	)
Adjustments for profit/loss items not involving cash flows:
Provision of impairment losses due to credit loss			655				404
Retirement benefit			1,963				2,022
Depreciation and amortization			1,087				1,465
Gain on disposal of premises and equipment, intangible assets and other assets			—				(4	)
			3,705				3,887
Changes in operating assets and liabilities:
Loans and other financial assets at amortized cost			(27,750	)			(6,728	)
Other assets			(114	)			(62	)
Net defined benefit liability			(1,053	)			(1,125	)
Other financial liabilities			21,942				(1,191	)
Other liabilities			(2,405	)			1,751
			(9,380	)			(7,355	)
Interest income received			2,244				9,090
Interest expense paid			(18,474	)			(14,965	)
Dividends received			1,243,427				1,429,283
Income tax paid			(1,004	)			(983	)
Net cash provided by operating activities			1,188,987				1,395,345
Cash flows from investing activities:
Net Increase on other investment assets			(96,960	)			(409,326	)
Acquisition of investments in subsidiaries			(1,629	)			—
Acquisition of premises and equipment			(303	)			(42	)
Acquisition of intangible assets			(295	)			(311	)
			(99,187	)			(409,679	)
Cash flows from financing activities:
Issuance of debentures			129,713				399,248
Redemption of debentures			(80,000	)			—
Redemption of hybrid securities			—				(400,000	)
Acquisition of treasury stocks			(103,040	)			(20,673	)
Redemption of lease liabilities			(827	)			(789	)
Dividends paid to hybrid securities			(39,034	)			(39,506	)
			(93,188	)			(61,720	)
Net increase in cash and cash equivalents			996,612				923,946
Cash and cash equivalents, beginning of the period			489,321				1,185,912
Cash and cash equivalents, end of the period (Note 5)			1,485,933				2,109,858

The accompanying notes are part of these condensed separate interim financial statements.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

1. GENERAL

(1) Summary of the parent company

Woori Financial Group, Inc. (hereinafter referred to the “Company”) is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank, Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Services Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital is 3,802,676 million Won. The Company’s stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares (“ADS”) are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer from the Company and subsidiaries as of incorporation are as follows (Unit: Number of shares):

Stock transfer company		Total number of issued shares				Exchange ratio per share				Number of Parent company’s stocks
Woori Bank			676,000,000				1.0000000				676,000,000
Woori FIS Co., Ltd.			4,900,000				0.2999708				1,469,857
Woori Finance Research Institute Co., Ltd.			600,000				0.1888165				113,289
Woori Credit Information Co., Ltd.			1,008,000				1.1037292				1,112,559
Woori Fund Service Co., Ltd.			2,000,000				0.4709031				941,806
Woori Private Equity Asset Management Co., Ltd.			6,000,000				0.0877992				526,795

As of August 1, 2019, the Company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Company paid 598,391 million Won in cash and 42,103,377 new shares of the Company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary Woori Bank on September 10, 2019. On the same date, the Company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Company acquired 67.2% interests (excluding treasury stock, 51.0% when including treasury stock) in Woori Asset Trust Co. (formerly Kukje Asset Trust Co.) In addition, as of March 31, 2023, the Company acquired an additional 28.1% interests in Woori Asset Trust Co. (excluding treasury stock, 21.3% when including treasury stock).

As of December 10, 2020, the Company acquired 76.8% interests (excluding treasury stock, 74.0% when including treasury stock) in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.). In addition, as of April 15, 2021, the Company acquired an additional 13.3% interests in Woori Financial Capital Co., Ltd. (excluding treasury stock, 12.9% in the case of including treasury stock), and as of May 24, 2021, the Company additionally acquired treasury stock(3.6%) which Woori Financial Capital possessed.

As of March 12, 2021, the Company paid 113,238 million Won in cash to acquire 100% interests on Woori Savings Bank from Woori Financial Capital Co., Ltd., our subsidiary.

As of August 10, 2021, the Company paid 5,792,866 new shares of the Company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies, was established (100% stock, 200 billion Won in stock payments) and incorporated as a subsidiary.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of March 23, 2023, the Company acquired 53.9% interests in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.) (excluding treasury stock, 52.0% in the case of including treasury stock). In addition, as of May 30, 2023, the Company additionally acquired treasury stock held by Woori Venture Partners Co., Ltd. (3.5%).

As of August 8, 2023, the Company paid 22,541,465 new shares of the Company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Company paid 9,933,246 new shares of the Company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

As of January 29, 2024, the Company owned interest (77.5%) of Woori Asset Management Corp, as a result of merger with Woori Asset Management Corp (surviving company) and Woori Global Asset Management Co., Ltd. (dissolution company), which was liquidated. As of March 29, 2024, the Company acquired residual interest(22.5%) of Woori Asset Management Corp, to make it a wholly owned subsidiary.

On March 25, 2024, the Company participated in the capital increase and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd.. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd.. Afterward, the Company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd. as of November 19, 2024.

On August 1, 2024, The Company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

On July 1, 2025, the Company acquired 77.9% of the shares (excluding treasury shares, 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd. and included them as subsidiaries.

On July 31, 2025, the Company acquired the residual interest (0.4%) of Woori Asset Trust Co., Ltd., to make it a wholly owned subsidiary.

On November 28, 2025, the Company acquired minority interests (0.2%) of Woori Investment Securities Co., Ltd. As of December 19, 2025, the Company additionally acquired treasury stock (0.1%) and minority interests (0.2%) which Woori Investment Securities Co., Ltd. possessed.

On January 5, 2026 and March 13, 2026, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

2. BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES

The Company’s financial statements are condensed interim financial statements prepared in accordance with Korean IFRS 1034, Interim Financial Reporting for some of periods in which the annual separate financial statements belong. They are also separate financial statements prepared in accordance with Korean IFRS 1027 Separate Financial Statements. It is necessary to use the Company’s annual separate financial statements for the year ended December 31, 2025 for understanding of the accompanying condensed interim financial statements. The accompanying condensed interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Company since the end of the previous annual reporting period.

(1) From the accounting period beginning on January 1, 2026, the Company has newly applied the following standards and interpretations.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

1) Amendments to K-IFRS 1109 ‘Financial Instruments’, K-IFRS 1107 ‘Financial Instruments: Disclosures’

K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures’ have been amended to respond to recent questions arising in practice, and to include new requirements. The principal amendments are as follows, and the amendments do not have a significant impact on the financial statements.

- clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

- clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;

- add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

- update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI)

2) Annual Improvements to K-IFRS

Annual Improvements to K-IFRS should be applied for annual periods beginning on or after January 1, 2026. The amendments do not have a significant impact on the financial statements.

- K-IFRS 1101 ‘First-time Adoption of International Financial Reporting Standards’: Hedge accounting by a first-time adopter

- K-IFRS 1107 ‘Financial Instruments: Disclosures’: Gain or loss on derecognition, and implementation guidance

- K-IFRS 1109 ‘Financial Instruments’: Derecognition of lease liabilities and definition of transaction price

- K-IFRS 1110 ‘Consolidated Financial Statements’: Determination of a ‘de facto agent’

- K-IFRS 1007 ‘Statement of Cash Flows’: Cost method

3) Amendments to K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity’

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements. The amendments do not have a significant impact on the financial statements.

(2) The details of K-IFRSs that have been issued and published since January 1, 2026 but have not yet reached the effective date are as follows:

1) Enactment of K-IFRS No. 1118, Presentation and Disclosure in Financial Statements

K-IFRS No. 1118, ‘Presentation and Disclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

If the Company prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

- Changes in the Presentation of Statement of Profit or Loss

K-IFRS No. 1118 requires all income and expenses included in the statement of profit or loss to be classified into one of five categories: operating, investing, financing, income tax, and discontinued operations. Under this standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations are classified as operating, and operating profit or loss is defined as a residual measure of profit or loss.

To classify income and expenses into categories, the Company is required to assess its main business activities. If the Company’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Company’s main business activities.

As a result, operating profit or loss under K-IFRS No. 1118 differs significantly from operating profit or loss under the current K-IFRS No. 1001, which is defined as operating revenue less operating expenses. K-IFRS No. 1118 requires operating profit or loss calculated in accordance with K-IFRS No. 1001 to be disclosed in the Notes, along with a reconciliation between operating profit or loss under K-IFRS No. 1118 and that under K-IFRS No. 1001.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of:

“Operating profit or loss,” comprising all income and expenses classified within the operating category;

“Profit or loss before financing and income tax,” comprising operating profit or loss and all income and expenses classified within the investing category; and

“Profit or loss for the period.”

However, when the Company’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

- Introduction of Disclosures of Management-Defined Performance Measures

K-IFRS No. 1118 introduces new disclosure requirements for management-defined performance measures. These measures are defined as subtotals of income and expenses that are not listed in paragraph 118 of K-IFRS No. 1118 and are not explicitly required to be presented or disclosed by IFRS Accounting Standards. Management-defined performance measures are used by entities in public communications separately from the financial statements to communicate management’s view of the entity’s financial performance to users of the financial statements.

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, and the income tax effects of each reconciling item.

- Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

- Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Company, as its mandatory effective date has not yet been reached. The Company will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending March 31, 2027. Based on information available as of March 31, 2026, the Company is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

(3) Material accounting policies and method of computation used in the preparation of the condensed interim financial statements are consistent with those of the annual financial statements for the year ended December 31, 2025, except for the one described below.

1) Income tax expense

Income tax expense for the interim period is recognized based on the weighted average annual income tax rate expected for the expected gross annual profit. The estimated average annual tax rate is applied to the pre-tax income.

2) Application of the revaluation model to land

The Company has changed its accounting policy for the subsequent measurement of land, which is classified as property, plant and equipment, from the historical cost model to the revaluation model, as management believes that the revaluation model provides more reliable and more relevant information regarding the fair value of land. Accordingly, the accounting policy has been changed effective from the current quarter.

In accordance with K-IFRS 1016 ‘Property, Plant and Equipment’, when an entity applies the revaluation model as an accounting policy for an asset for the first time, retrospective application is not required. Therefore, the Company has not restated the comparative financial statements for prior periods. As the Company does not hold any land as of the end of the current period, there is no impact arising from this change in accounting policy.

3. MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS

The management shall make judgements, estimates and assumptions that affect the application of accounting policies and assets, liabilities, revenues and expenses in preparing condensed interim financial statements. Therefore, the actual results may differ from these estimates.

The important judgements by the management excluding the estimation methods used to determine corporate income tax expense and the application of revaluation model on accounting policies and the main sources of estimation uncertainty for preparing condensed interim financial statements are identical to ones used in the Company’s annual separate financial statements for the year ended December 31, 2025.

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4. RISK MANAGEMENT

The Company is exposed to various risks that may arise from its operating activities and credit risk, market risk and liquidity risk are the main types of risks. In order to manage such risks, the Risk Management Department analyzes, assesses, and establishes risk management standards, including policies, guidelines, management systems and decision-making to ensure sound management of the Company.

The Risk Management Committee, Chief Risk Officer (“CRO”) and the Risk Management Department are operated as risk management organizations. The board of directors operates the Risk Management Committee, composed of nonexecutive directors for professional risk management. The Risk Management Committee performs as the top decision-making body for risk management by establishing fundamental risk management policies that are consistent with the Company’s management strategy and by determining the Company’s acceptable level of risk.

CRO assists the Risk Management Committee and operates the Company Risk Management Council, which is composed of the risk management managers of the subsidiaries, to periodically check and improve the external environment and the Company’s risk burden. The Risk Management Department which is independently structured, controls the risk management matter of the Company and reports key risks and assists decision-making.

(1) Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Company’s credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1) Credit risk management

The Company measures expected loss on assets subject to credit risk management and uses it as a management indicator.

2) Maximum exposure

The maximum exposure to credit risk is as follows (Unit: Korean Won in millions):

				March 31, 2026				December 31, 2025
Loans and other financial assets at amortized cost		Banks			678,642				649,783
		Corporates			188,747				57,359
		Total			867,389				707,142

- 13 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
		Korea				Korea
Loans and other financial assets at amortized cost			867,389				707,142

b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are finance and insurance, and others in accordance with the Korea Standard Industrial Classification Code as of March 31, 2026 and December 31, 2025 (Unit: Korean Won in millions):

March 31, 2026

Finance and insurance

Others

Total

Loans and other financial assets at amortized cost

866,243

1,146

867,389

December 31, 2025

Finance and insurance

Others

Total

Loans and other financial assets at amortized cost

706,348

794

707,142

3) Credit risk exposure

The maximum exposure to credit risk by asset quality as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

		March 31, 2026
		Stage 1								Stage 2								Stage 3				Total				Loss allowance				Total, net
Financial assets		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)
Loans and other financial assets at amortized cost			868,044				—				—				—				—				868,044				(655	)			867,389
Banks			678,642				—				—				—				—				678,642				—				678,642
Corporates			189,402				—				—				—				—				189,402				(655	)			188,747
General business			189,402				—				—				—				—				189,402				(655	)			188,747
Total			868,044				—				—				—				—				868,044				(655	)			867,389

(*1) Credit grade of corporates are AAA ~ BBB.

(*2) Credit grade of corporates are BBB- ~ C.

		December 31, 2025
		Stage 1								Stage 2								Stage 3				Total				Loss allowance				Total, net
Financial assets		Above appropriate credit rating (*1)				Less than a limited credit rating (*2)				Above appropriate credit rating (*1)				Less than a limited credit rating (*2)
Loans and other financial assets at amortized cost			707,142				—				—				—				—				707,142				—				707,142
Banks			649,783				—				—				—				—				649,783				—				649,783
Corporates			57,359				—				—				—				—				57,359				—				57,359
General business			57,359				—				—				—				—				57,359				—				57,359
Total			707,142				—				—				—				—				707,142				—				707,142

(*1) Credit grade of corporates are AAA ~ BBB.

(*2) Credit grade of corporates are BBB- ~ C.

- 14 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates, and the Company’s main market risk is interest rate risk.

The Company estimates and manages risks related to changes in interest rate due to the difference in the maturities of interest-bearing assets and liabilities and discrepancies in the terms of interest rates.

(3) Liquidity risk

Liquidity risk refers to the risk that the Company may encounter difficulties in meeting obligations from its financial liabilities.

1) Liquidity risk management

Liquidity risk management is to prevent damages from potential liquidity shortages with effective risk management that could arise from mismatching the maturity of assets and liabilities or unexpected cash outflows. The financial liabilities in the statement of financial position that are relevant to liquidity risk are incorporated within the scope of risk management.

The Company manages liquidity risk through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.).

2) Maturity analysis of non-derivative financial liabilities

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities are as follows (Unit: Korean Won in millions):

		March 31, 2026
		Within 3 months				4 to 6 months				7 to 9 months				10 to 12 months				1 to 5 years				Over 5 years				Total
Debentures			178,457				326,023				274,245				261,636				1,752,989				60,379				2,853,729
Lease liabilities			812				801				798				145				242				—				2,798
Other financial liabilities(*)			605,583				52,747				6,626				—				13,663				—				678,619
Total			784,852				379,571				281,669				261,781				1,766,894				60,379				3,535,146

(*) It does not include lease liabilities.

		December 31, 2025
		Within 3 months				4 to 6 months				7 to 9 months				10 to 12 months				1 to 5 years				Over 5 years				Total
Debentures			98,273				177,479				324,852				273,257				1,883,466				60,703				2,818,030
Lease liabilities			810				793				786				788				338				—				3,515
Other financial liabilities(*)			21,255				52,318				1,760				268				16,722				—				92,323
Total			120,338				230,590				327,398				274,313				1,900,526				60,703				2,913,868

(*) It does not include lease liabilities.

3) Maturity analysis of derivative financial liabilities

There are no derivative financial liabilities measured at fair value through profit or loss as of March 31, 2026 and December 31, 2025.

- 15 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

5. CASH AND CASH EQUIVALENTS

Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Demand deposits			576,933				24,321
Fixed deposits			909,000				465,000
Total			1,485,933				489,321

6. FINANCIAL ASSETS AT FVTOCI

(1) Details of financial assets at FVTOCI as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		Issuer		March 31, 2026				December 31, 2025
Hybrid securities		Woori Card Co., Ltd.			353,405				359,023
		Woori Financial Capital Co., Ltd.			198,456				199,139
			Total			551,861				558,162

(2) Details of equity securities designated as financial assets at FVTOCI as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

Purpose of acquisition		Issuer		March 31, 2026				December 31, 2025
Investment for political purpose		Woori Card Co., Ltd.			353,405				359,023
		Woori Financial Capital Co., Ltd.			198,456				199,139
		Total			551,861				558,162

7. LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST

(1) Details of loans and other financial assets at amortized cost as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Due from banks			96,308				—
Other financial assets			771,081				707,142
Total			867,389				707,142

(2) Details of due from banks are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Due from banks in local currency:
Due from depository banks			96,960				—
Loss allowance			(652	)			—
Total			96,308				—

- 16 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) Changes in the allowance for credit losses and gross carrying amount of due from banks are as follows (Unit: Korean Won in millions):

1) Allowance for credit losses

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			—				—				—				—
Provision of allowance for credit loss			(652	)			—				—				(652	)
Ending balance			(652	)			—				—				(652	)

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			(56	)			—				—				(56	)
Provision of allowance for credit loss			(403	)			—				—				(403	)
Ending balance			(459	)			—				—				(459	)

2) Gross carrying amount

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			—				—				—				—
Net increase (decrease)			96,960				—				—				96,960
Ending balance			96,960				—				—				96,960

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			100,000				—				—				100,000
Net increase (decrease)			409,327				—				—				409,327
Ending balance			509,327				—				—				509,327

(4) Details of other financial assets are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Receivables			766,222				701,643
Accrued income			2,735				3,387
Lease deposits			2,127				2,112
Loss allowance			(3	)			—
Total			771,081				707,142

(5) Changes in the allowances for credit losses and gross carrying amount of other financial assets are as follows (Unit: Korean Won in millions):

1) Allowance for credit losses

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			—				—				—				—
Provision of allowance for credit loss			(3	)			—				—				(3	)
Ending balance			(3	)			—				—				(3	)

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			—				—				—				—
Provision of allowance for credit loss			(1	)			—				—				(1	)
Ending balance			(1	)			—				—				(1	)

- 17 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2) Gross carrying amount

		For the three-month period ended March 31, 2026
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			707,142				—				—				707,142
Net increase (decrease)			63,942				—				—				63,942
Ending balance			771,084				—				—				771,084

		For the three-month period ended March 31, 2025
		Stage 1				Stage 2				Stage 3				Total
Beginning balance			104,487				—				—				104,487
Net increase (decrease)			138,167				—				—				138,167
Ending balance			242,654				—				—				242,654

8. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

(1) The fair value hierarchy

The fair value hierarchy is determined by the levels of judgment involved in estimating fair values of financial assets and liabilities. The specific financial instruments characteristics and market condition such as volume of transactions and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Company’s own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

• Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

• Level 2— fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not traded in active markets and derivatives traded in OTC but not required significant judgment.

• Level 3— fair value measurements are those derived from valuation techniques that include inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

(2) Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean Won in millions):

March 31, 2026

Level 1

Level 2

Level 3

Total

Financial assets:

Financial assets at FVTOCI

Hybrid securities

—

—

551,861

551,861

- 18 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

December 31, 2025

Level 1

Level 2

Level 3

Total

Financial assets:

Financial assets at FVTOCI

Hybrid securities

—

—

558,162

558,162

Financial assets measured at FVTPL and financial assets measured at FVTOCI are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Company determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

		Valuation methods		Input variables
Hybrid securities		The fair value is measured using the Hull and White model and the Monte Carlo Simulations.		YTM Matrix, Additive spread by grade, Risk spread by entity, Effective Credit rating, Issuing information by item, Interest rate volatility estimate

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

		Fair value measurement technique		Type		Significant unobservable inputs		Range		Impact of changes in significant unobservable inputs on fair value measurement
Hybrid securities		Hull and White, Monte Carlo Simulation		Hybrid securities related		Estimated volatility of interest rate, Discount rate		Estimated volatility of interest rate 0.61% Discount rate 3.32% ~ 7.10%		Variation of fair value increases as estimated volatility of interest rate increases.

The fair value of financial assets classified as level 3 uses external valuation figures.

(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Net Income				Other comprehensive income(*)				Purchases/ Issuances				Disposals/ Settlements				Transfer to or out of Level 3				Ending balance
Financial assets:
Financial assets at FVTOCI
Hybrid securities			558,162				—				(6,301	)			—				—				—				551,861

(*) Among the amounts recognized in other comprehensive income, the loss related to assets and liabilities that are still held as of March 31, 2026 amounts to 6,301 million Won.

For the three-month period ended March 31, 2025

Beginning balance

Net Income

Other comprehensive income e(*)

Purchases/ Issuances

Disposals/ Settlements

Transfer to or out of Level 3

Ending balance

Financial assets:

Financial assets at FVTOCI

Hybrid securities

553,518

—

3,650

—

—

—

557,168

(*) Among the amounts recognized in other comprehensive income, the gain related to assets and liabilities that are still held as of March 31, 2025 amounts to 3,650 million Won.

- 19 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the fair value of Level 3 financial instruments are as follows.

The sensitivity analysis on financial instruments shows how changes in unobservable inputs affect changes in fair value of the instruments through favorable and unfavorable changes. When the fair value of a financial instrument is affected by more than one unobservable assumption, the below table reflects the most favorable or the most unfavorable changes which resulted from varying the assumptions individually. The sensitivity analysis was performed for hybrid securities of which fair value changes are recognized as other comprehensive income among level 3 financial instruments.

The following table presents the sensitivity analysis to disclose the effect of reasonably possible volatility(Unit: Korean Won in millions):

March 31, 2026

Net income

Other comprehensive income (loss)

Favorable

Unfavorable

Favorable

Unfavorable

Financial assets:

Financial assets at FVTOCI

Hybrid securities (*)

—

—

12,025

(11,674

)

(*) Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%, respectively.

December 31, 2025

Net income

Other comprehensive income (loss)

Favorable

Unfavorable

Favorable

Unfavorable

Financial assets:

Financial assets at FVTOCI

Hybrid securities (*)

—

—

13,482

(13,065

)

(*) Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%, respectively.

(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as follows, and fair value information for cash and cash equivalents is not included, as their carrying amounts represent a reasonable approximation of fair value (Unit: Korean Won in millions):

		March 31, 2026
		Fair value																Carrying amount
		Level 1				Level 2				Level 3				Total
Financial assets:
Loans and other financial assets at amortized cost (*1)			—				—				867,389				867,389				867,389
Financial liabilities:
Debentures			—				2,659,170				—				2,659,170				2,717,637
Other financial liabilities (*1)(*2)			—				—				678,620				678,620				678,620

(*1) The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair value.

(*2) It does not include lease liabilities.

		December 31, 2025
		Fair value																Carrying amount
		Level 1				Level 2				Level 3				Total
Financial assets:
Loans and other financial assets at amortized cost (*1)			—				—				707,142				707,142				707,142
Financial liabilities:
Debentures			—				2,636,297				—				2,636,297				2,667,525
Other financial liabilities (*1)(*2)			—				—				92,323				92,323				92,323

(*1) The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair value.

(*2) It does not include lease liabilities.

- 20 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Company determines the fair value using valuation methods. For the disclosed items in which book value is considered to be the approximate value of fair value, valuation techniques and input variables are not disclosed. Valuation techniques and input variables for the fair value of financial liabilities that are recorded at amortized cost are as follows:

		Valuation methods		Input variables
Debentures		The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Company.		Risk-free market rate, etc.

(6) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

1) Financial assets

		March 31, 2026
Financial assets		Financial assets at FVTPL				Financial assets at FVTOCI				Financial assets at amortized cost				Total
Due from banks			—				—				96,308				96,308
Hybrid securities			—				551,861				—				551,861
Other financial assets			—				—				771,081				771,081
Total			—				551,861				867,389				1,419,250

		December 31, 2025
Financial assets		Financial assets at FVTPL				Financial assets at FVTOCI				Financial assets at amortized cost				Total
Due from banks			—				—				—				—
Hybrid securities			—				558,162				—				558,162
Other financial assets			—				—				707,142				707,142
Total			—				558,162				707,142				1,265,304

2) Financial liabilities

		March 31, 2026								December 31, 2025
Financial liabilities		Financial liabilities at FVTPL				Financial liabilities at amortized cost				Financial liabilities at FVTPL				Financial liabilities at amortized cost
Debentures			—				2,717,637				—				2,667,525
Other financial liabilities (*)			—				678,620				—				92,323
Total			—				3,396,257				—				2,759,848

(*) It does not include lease liabilities.

- 21 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

9. INVESTMENTS IN SUBSIDIARIES

(1) Details of Investments in subsidiaries are as follows (Unit: Korean Won in millions and number of shares):

Subsidiaries (*1)		Location				Capital stock				Main business
Woori Bank			Korea				3,581,400			Bank
Tongyang Life Insurance Co., Ltd.			Korea				806,800			Insurance
Woori Card Co., Ltd.			Korea				896,300			Finance
Woori Financial Capital Co., Ltd.			Korea				373,800			Finance
Woori Investment Securities Co., Ltd.			Korea				242,900			Investment Brokerage
ABL Life Insurance Co., Ltd.			Korea				15,500			Insurance
Woori Asset Trust Co., Ltd.			Korea				16,900			Real estate trust
Woori Savings Bank			Korea				187,400			Mutual saving bank
Woori Asset Management Corp			Korea				24,000			Finance
Woori Venture Partners Co., Ltd.			Korea				50,000			Other financial services
Woori Private Equity Asset Management Co., Ltd.			Korea				80,000			Finance
Woori F&I Co., Ltd.			Korea				31,500			Finance
Woori Credit Information Co., Ltd.			Korea				5,000			Credit information
Woori Fund Service Co., Ltd.			Korea				10,000			Financial support service business
Woori FIS Co., Ltd.			Korea				24,500			System software development & maintenance
Woori Finance Research Institute Co., Ltd.			Korea				3,000			Other service business

		March 31, 2026												December 31, 2025
Subsidiaries (*1)		Number of shares				Percentage of ownership (%) (*2)				Financial statements date of use				Number of shares				Percentage of ownership (%) (*2)				Financial statements date of use
Woori Bank			716,000,000				100.0				March 31, 2026				716,000,000				100.0				December 31, 2025
Tongyang Life Insurance Co., Ltd.			121,565,627				77.9				March 31, 2026				121,565,627				77.9				December 31, 2025
Woori Card Co., Ltd.			179,266,200				100.0				March 31, 2026				179,266,200				100.0				December 31, 2025
Woori Financial Capital Co., Ltd.			74,757,594				100.0				March 31, 2026				74,757,594				100.0				December 31, 2025
Woori Investment Securities Co., Ltd.			485,889,783				100.0				March 31, 2026				485,329,227				99.9				December 31, 2025
ABL Life Insurance Co., Ltd.			3,106,736				100.0				March 31, 2026				3,106,736				100.0				December 31, 2025
Woori Asset Trust Co., Ltd.			3,382,645				100.0				March 31, 2026				3,382,645				100.0				December 31, 2025
Woori Savings Bank			37,476,895				100.0				March 31, 2026				37,476,895				100.0				December 31, 2025
Woori Asset Management Corp			4,797,154				100.0				March 31, 2026				4,797,154				100.0				December 31, 2025
Woori Venture Partners Co., Ltd.			100,000,000				100.0				March 31, 2026				100,000,000				100.0				December 31, 2025
Woori Private Equity Asset Management Co., Ltd.			16,000,000				100.0				March 31, 2026				16,000,000				100.0				December 31, 2025
Woori F&I Co., Ltd.			6,298,895				100.0				March 31, 2026				6,298,895				100.0				December 31, 2025
Woori Credit Information Co., Ltd.			1,008,000				100.0				March 31, 2026				1,008,000				100.0				December 31, 2025
Woori Fund Service Co., Ltd.			2,000,000				100.0				March 31, 2026				2,000,000				100.0				December 31, 2025
Woori FIS Co., Ltd.			4,900,000				100.0				March 31, 2026				4,900,000				100.0				December 31, 2025
Woori Finance Research Institute Co., Ltd.			600,000				100.0				March 31, 2026				600,000				100.0				December 31, 2025

(*1) Only subsidiaries invested directly by the Company are included.

(*2) The percentage is based on the effective shareholding rate relative to the number of stocks outstanding.

- 22 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Changes in the carrying value of investments in subsidiaries are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Acquisition				Disposal				Ending balance
Woori Bank			18,921,151				—				—				18,921,151
Tongyang Life Insurance Co., Ltd.			1,283,935				—				—				1,283,935
Woori Card Co., Ltd.			1,118,367				—				—				1,118,367
Woori Financial Capital Co., Ltd.			1,003,206				—				—				1,003,206
Woori Investment Securities Co., Ltd. (*)			1,269,797				1,629				—				1,271,426
ABL Life Insurance Co., Ltd.			269,002				—				—				269,002
Woori Asset Trust Co., Ltd.			453,902				—				—				453,902
Woori Savings Bank			313,238				—				—				313,238
Woori Asset Management Corp			196,825				—				—				196,825
Woori Venture Partners Co., Ltd.			336,439				—				—				336,439
Woori Private Equity Asset Management Co., Ltd.			57,797				—				—				57,797
Woori F&I Co., Ltd.			320,000				—				—				320,000
Woori Credit Information Co., Ltd.			16,466				—				—				16,466
Woori Fund Service Co., Ltd.			13,939				—				—				13,939
Woori FIS Co., Ltd.			21,754				—				—				21,754
Woori Finance Research Institute Co., Ltd.			1,677				—				—				1,677
Total			25,597,495				1,629				—				25,599,124

		For the three-month period ended March 31, 2025
		Beginning balance				Acquisition				Disposal				Ending balance
Woori Bank			18,921,151				—				—				18,921,151
Woori Card Co., Ltd.			1,118,367				—				—				1,118,367
Woori Financial Capital Co., Ltd.			1,003,206				—				—				1,003,206
Woori Investment Securities Co., Ltd.			1,263,436				—				—				1,263,436
Woori Asset Trust Co., Ltd.			621,722				—				—				621,722
Woori Savings Bank			313,238				—				—				313,238
Woori F&I Co., Ltd.			320,000				—				—				320,000
Woori Asset Management Corp			196,825				—				—				196,825
Woori Venture Partners Co., Ltd.			336,439				—				—				336,439
Woori Private Equity Asset Management Co., Ltd.			57,797				—				—				57,797
Woori Credit Information Co., Ltd.			16,466				—				—				16,466
Woori Fund Service Co., Ltd.			13,939				—				—				13,939
Woori FIS Co., Ltd.			21,754				—				—				21,754
Woori Finance Research Institute Co., Ltd.			1,677				—				—				1,677
Total			24,206,017				—				—				24,206,017

(*) During the current period, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

10. OTHER ASSETS

Details of other assets are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Prepaid expenses			430				315
Total			430				315

- 23 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

11. DEBENTURES

Details of debentures are as follows (Unit: Korean Won in millions):

		March 31, 2026								December 31, 2025
		Interest rate (%)				Amount				Interest rate (%)				Amount
Face value of bonds:
General bonds			2.19~4.25				1,770,000				2.19~4.25				1,720,000
Subordinated bonds			2.13~2.55				950,000				2.13~2.55				950,000
Sub-total							2,720,000								2,670,000
Deducted item:
Discounts on bonds							(2,363	)							(2,475	)
Total							2,717,637								2,667,525

12. PROVISIONS

(1) Details of provisions are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Asset retirement obligation			1,559				1,897

(2) Changes in asset retirement obligation are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Beginning balance			1,897				1,252
Amortization			11				13
Provision(Reversal) due to contract modification			(349	)			590
Ending balance			1,559				1,855

13. NET DEFINED BENEFIT ASSET

The Company’s pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes into account of projected earnings’ increase, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Company is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

Volatility of asset		The defined benefit obligation was estimated with a discount rate calculated based on the return on high quality corporate bond. A deficit may occur if the rate of return of plan assets falls short of the discount rate.
Decrease in profitability of high quality bonds		A decrease in profitability of high quality bonds will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation.

- 24 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Risk of inflation Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases.

(1) Details of net defined benefit asset are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Present value of defined benefit obligation			(17,263	)			(16,255	)
Fair value of plan assets			17,703				18,363
Net defined benefit asset			440				2,108

(2) The amount recognized in profit or loss and total comprehensive income related to the defined benefit plan for the three-month periods ended March 31, 2026 and 2025 is as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Current service cost			1,994				2,042
Net interest income			(31	)			(20	)
Cost recognized in net income			1,963				2,022
Remeasurements (*)			757				1,304
Cost recognized in total comprehensive income			2,720				3,326

(*) The amount is before income tax effect.

14. OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Other financial liabilities:
Accounts payable			647,096				57,333
Accrued expenses			31,524				34,990
Lease liabilities			2,754				3,499
Sub-total			681,374				95,822
Other liabilities:
Other miscellaneous liabilities			3,563				5,967
Total			684,937				101,789

15. EQUITY

(1) Details of equity as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Capital			3,802,676				3,802,676
Hybrid securities			3,710,228				3,710,228
Capital surplus			8,120,236				8,120,236
Other equity Treasury stock			(103,668	)			(628	)
Accumulated other comprehensive income			339				5,457
Other adjustments(*3)			—				(2,222	)
Sub-total			(103,329	)			2,607
Retained earnings (*1) (*2)			8,910,453				8,314,197
Total			24,440,264				23,949,944

- 25 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*1) The regulatory reserve for credit loss in retained earnings amounted to 3,525 million Won and 1,289 million Won as of March 31, 2026 and December 31, 2025 in accordance with the relevant regulation.

(*2) The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million Won as of March 31, 2026 and December 31, 2025 in accordance with the Article 53 of the Financial Holding Company Act.

(*3) Other adjustments represent the difference between the book value of hybrid securities and the redemption amount.

(2) The number of authorized shares and others of the Company are as follows:

		March 31, 2026				December 31, 2025
Shares of common stock authorized			4,000,000,000 Shares				4,000,000,000 Shares
Par value			5,000 Won				5,000 Won
Shares of common stock issued			734,076,320 Shares				734,076,320 Shares
Capital stock (*)			3,802,676 million Won				3,802,676 million Won

(*) Due to retirement of earnings, total par value of the shares issued and paid-in capital are different.

(3) Hybrid securities

The bond-type hybrid securities classified as owner’s equity are as follows (Unit: Korean Won in millions):

		Issue date				Maturity				Interest rate (%)				March 31, 2026				December 31, 2025
Securities in local currency			2021-04-08				—				3.15				200,000				200,000
Securities in local currency			2021-10-14				—				3.60				200,000				200,000
Securities in local currency			2022-02-17				—				4.10				300,000				300,000
Securities in local currency			2022-07-28				—				4.99				300,000				300,000
Securities in local currency			2022-10-25				—				5.97				220,000				220,000
Securities in local currency			2023-02-10				—				4.65				300,000				300,000
Securities in local currency			2023-09-07				—				5.04				200,000				200,000
Securities in local currency			2024-02-07				—				4.49				400,000				400,000
Securities in local currency			2024-06-19				—				4.27				400,000				400,000
Securities in local currency			2024-10-10				—				4.00				400,000				400,000
Securities in local currency			2025-05-13				—				3.45				400,000				400,000
Securities in local currency			2025-10-22				—				3.34				400,000				400,000
Issuance cost															(9,772	)			(9,772	)
Total															3,710,228				3,710,228

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from the date of issuance.

- 26 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4) Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning balance				Increase (decrease)				Income tax effect				Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI			5,918				(6,302	)			1,733				1,349
Remeasurements of defined benefit plan			(461	)			(757	)			208				(1,010	)
Total			5,457				(7,059	)			1,941				339
		For the three-month period ended March 31, 2025
		Beginning balance				Increase (decrease)				Income tax effect				Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI			2,590				3,650				(964	)			5,276
Remeasurements of defined benefit plan			(695	)			(1,304	)			344				(1,655	)
Total			1,895				2,346				(620	)			3,621

(5) Regulatory Reserve for Credit Loss

In accordance with Article 26 ~ 28 of the Financial Holding Company Supervision Regulations, the Company calculates and discloses the regulatory reserve for credit loss.

1) Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

		March 31, 2026				December 31, 2025
Beginning balance			3,525				1,289
Planned provision of regulatory reserve for credit loss			320				2,236
Ending balance			3,845				3,525

2) Provision of regulatory reserve for credit loss, adjusted net income after the provision of regulatory reserve and others

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

		For the three-month periods ended March 31
		2026				2025
Net income before regulatory reserve			1,194,943				1,396,065
Provision for regulatory reserve for credit loss			320				690
Adjusted net income after the provision of regulatory reserve			1,194,623				1,395,375
Dividends to hybrid securities			(39,034	)			(39,506	)
Adjusted net income after regulatory reserve and dividends to hybrid securities			1,155,589				1,355,869
Adjusted EPS after regulatory reserve and dividends to hybrid securities (Unit: Korean Won)			1,576				1,827

- 27 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6) Changes in treasury stocks are as follows (Unit: Korean Won in millions):

		For the three-month period ended March 31, 2026
		Beginning				Acquisition				Retirement				Ending
Number of shares			53,945				2,983,526				—				3,037,471
Book value			628				103,040				—				103,668
		For the three-month period ended March 31, 2025
		Beginning				Acquisition				Retirement				Ending
Number of shares			53,945				1,550,000				—				1,603,945
Book value			628				25,641				—				26,269

16. DIVIDENDS

Dividends per share and the total dividends for the fiscal year ending December 31, 2025 were 760 Won and 557,431 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026. The financial statements for the current period include these unpaid dividends, which were paid in April 2026.

17. NET INTEREST INCOME

(1) Details of interest income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Interest on due from banks			2,975				8,593
Other interest income			15				17
Total			2,990				8,610

(2) Details of interest expense recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Interest on debentures			18,849				16,777
Other interest expense			11				13
Interest on lease liabilities			21				23
Total			18,881				16,813

18. NET FEES AND COMMISSIONS INCOME

(1) Details of fees and commissions income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Fees and commissions income			443				459

(2) Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Fees and commissions paid			3,944				2,262
Others			3,516				2,978
Total			7,460				5,240

19. DIVIDEND INCOME

(1) Details of dividend income recognized are as follows (Unit: Korean Won in millions):

- 28 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month periods ended March 31
		2026				2025
Dividend income recognized from investments in subsidiaries			1,236,907				1,422,898
Dividend income recognized from FVTOCI			6,466				6,327
Total			1,243,373				1,429,225

(2) Details of dividend income recognized from financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Dividend income recognized from assets held:
Hybrid securities			6,466				6,327

20. PROVISION FOR IMPAIRMENT LOSSES DUE TO CREDIT LOSS

Details of impairment losses due to credit loss are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Provision for impairment loss due to credit loss on loan and other financial assets at amortized cost			(655	)			(404	)

21. GENERAL AND ADMINISTRATIVE EXPENSES

(1) Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):

						For the three-month periods ended March 31
						2026				2025
Employee benefits		Short-term employee benefits		Salaries			10,107				8,248
				Employee fringe benefits			3,830				2,142
		Termination					1,963				2,022
		Share based payment					3,268				803
		Sub-total					19,168				13,215
Depreciation and amortization							1,087				1,465
Other general and administrative expenses		Rent					414				411
		Taxes and public dues					223				148
		Service charges					472				425
		Computer and IT related					1,489				1,801
		Telephone and communication					120				175
		Advertising					17				17
		Printing					11				18
		Traveling					265				78
		Supplies					29				28
		Insurance premium					64				51
		Reimbursement					184				236
		Vehicle maintenance					36				51
		Others					280				302
		Sub-total					3,604				3,741
		Total					23,859				18,421

- 29 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Share-based payment

Details of performance condition share-based payment granted to executives as of March 31, 2026 and December 31, 2025 are as follows:

1) Performance condition share-based payment

Subject to				Shares granted for the year 2021
Type of payment				Cash-settled
Vesting period				January 1, 2021 ~ December 31, 2024
Date of payment				2025-01-01
Fair value (*1)				15,831 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.48%
Expected maturity date				0.00 years
Number of shares remaining		As of March 31, 2026		56,029 shares
		As of December 31, 2025		56,029 shares
Number of shares granted (*2)		As of March 31, 2026		56,029 shares
		As of December 31, 2025		56,029 shares
Subject to				Shares granted for the year 2022
Type of payment				Cash-settled
Vesting period				January 1, 2022 ~ December 31, 2025
Date of payment				2026-01-01
Fair value (*1)				27,713 Won
Valuation method				Black-Scholes Model
Expected dividend rate				7.30%
Expected maturity date				0.00 years
Number of shares remaining		As of March 31, 2026		67,126 shares
		As of December 31, 2025		223,176 shares
Number of shares granted (*2)		As of March 31, 2026		67,126 shares
		As of December 31, 2025		223,176 shares
Subject to				Shares granted for the year 2023
Type of payment				Cash-settled
Vesting period				January 1, 2023 ~ December 31, 2026
Date of payment				2027-01-01
Fair value (*1)				31,892 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				0.75 years
Number of shares remaining		As of March 31, 2026		160,929 shares
		As of December 31, 2025		160,929 shares
Number of shares granted (*2)		As of March 31, 2026		160,929 shares
		As of December 31, 2025		160,929 shares

- 30 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Subject to				Shares granted for the year 2024
Type of payment				Cash-settled
Vesting period				January 1, 2024 ~ December 31, 2027
Date of payment				2028-01-01
Fair value (*1)				29,825 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				1.75 years
Number of shares remaining		As of March 31, 2026		194,569 shares
		As of December 31, 2025		194,569 shares
Number of shares granted (*2)		As of March 31, 2026		194,569 shares
		As of December 31, 2025		194,569 shares
Subject to				Shares granted for the year 2025
Type of payment				Cash-settled
Vesting period				January 1, 2025 ~ December 31, 2028
Date of payment				2029-01-01
Fair value (*1)				27,892 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				2.75 years
Number of shares remaining		As of March 31, 2026		173,273 shares
		As of December 31, 2025		173,273 shares
Number of shares granted (*2)		As of March 31, 2026		173,273 shares
		As of December 31, 2025		173,273 shares
Subject to				Shares granted for the year 2026
Type of payment				Cash-settled
Vesting period				January 1, 2026 ~ December 31, 2029
Date of payment				2030-01-01
Fair value (*1)				26,085 Won
Valuation method				Black-Scholes Model
Expected dividend rate				6.70%
Expected maturity date				3.75 years
Number of shares remaining		As of March 31, 2026		24,171 shares
		As of December 31, 2025		—
Number of shares granted (*2)		As of March 31, 2026		24,171 shares
		As of December 31, 2025		—

(*1) As the amount of payment varies according to the base price (the arithmetic average of the weighted average stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated to measure the liability according to the Black Scholes model based on the base price at the time of each settlement.

(*2) The number of payable stocks is granted at the initial contract date. This is a system in which the number of shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of payment. Performance is evaluated as long-term performance indication including relative shareholder return, net income, common equity tier1(CET1) ratio, return on equity (ROE), C/I ratio, non-performing loan ratio and job performance.

2) The Company accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of March 31, 2026 and December 31, 2025 the book value of the liabilities related to the performance condition share-based payments recognized by the Company is 19,218 million Won and 19,807 million Won.

- 31 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

22. NON-OPERATING INCOME (EXPENSES)

(1) Details of non-operating income and expenses recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Other non-operating income			—				4
Other non-operating expense			—				(10	)
Total			—				(6	)

(2) Details of other non-operating income recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Lease change cancellation gain			—				3
Others			—				1
Total			—				4

(3) Details of other non-operating expenses recognized are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Donations			—				10
Total			—				10

23. INCOME TAX EXPENSE (INCOME)

Details of income tax expense(income) are as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Current tax expense
Current tax expense with respect to the current period			—				—
Deferred tax expense (income)
Change in deferred tax assets (liabilities) due to temporary differences			(933	)			1,965
Tax expense (income) directly attributable to equity			1,941				(620	)
Sub-total			1,008				1,345
Income tax expense (income)			1,008				1,345

24. EARNINGS PER SHARE (“EPS”)

(1) Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):

		For the three-month periods ended March 31
		2026				2025
Net income			1,194,943				1,396,065
Dividends to hybrid securities			(39,034	)			(39,506	)
Net income attributable to common shareholders			1,155,909				1,356,559
Weighted average number of common shares outstanding (Unit: million shares)			733				742
Basic EPS (Unit: Korean Won)			1,577				1,828

- 32 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) The weighted average number of common shares outstanding is as follows (Unit: number of shares) :

		For the three-month period ended March 31, 2026
		Period		Number of shares		Dates		Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period		2026-01-01~2026-03-31		734,076,320		90			66,066,868,800
Treasury stock		2026-01-01~2026-03-31		(53,945)		90			(4,855,050	)
Acquisition of treasury stock		2026-01-01~2026-03-31		(2,983,526)					(76,074,046	)
		Sub-total (①)							65,985,939,704
Weighted average number of common shares outstanding (②=(①/90)									733,177,108

		For the three-month period ended March 31, 2025
		Period		Number of shares		Dates		Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period		2025-01-01~2025-03-31		742,591,501		90			66,833,235,090
Treasury stock		2025-01-01~2025-03-31		(53,945)		90			(4,855,050	)
Acquisition of treasury stock		2025-01-01~2025-03-31		(1,550,000)					(28,250,000	)
		Sub-total (①)							66,800,130,040
Weighted average number of common shares outstanding (②=(①/90)									742,223,667

Diluted EPS is equal to basic EPS because there is no dilution effect for the three-month periods ended March 31, 2026 and 2025.

25. CONTINGENT LIABILITIES AND COMMITMENTS

(1) Litigation case

As of March 31, 2026, the Company currently has one lawsuit as a defendant related to Woori Asset Trust Co., Ltd. stock trading payments. The lawsuit is in the second trial stage after winning the first trial, with a claim amount of 13,305 million Won. It is not possible to reasonably estimate the potential impact on the Company’s financial statements as of March 31, 2026.

(2) Details of loan commitments with financial institutions are as follows (Unit: Korean Won in millions):

March 31, 2026

December 31, 2025

Financial institutions

Line of credit

Loan balance

Line of credit

Loan balance

Loans

Standard Chartered Bank Korea Ltd.

100,000

—

100,000

—

- 33 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

26. RELATED PARTY TRANSACTIONS

Related parties of the Company as of March 31, 2026 and December 31, 2025, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the three-month periods ended March 31, 2026 and 2025 are as follows:

(1) Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):

Related parties		Title of account		March 31, 2026				December 31, 2025
Subsidiaries
Woori Bank		Cash and cash equivalents			1,485,933				489,321
		Other financial assets			678,642				649,783
		Allowance for credit losses			—				—
		Other financial liabilities			35,585				30,271
Woori Card Co., Ltd.		Other financial assets			33,910				17,367
		Other financial liabilities			466				292
Woori Financial Capital Co., Ltd.		Other financial assets			45,060				31,633
		Other financial liabilities			588				435
Woori Investment Securities Co., Ltd.		Other financial liabilities			32,356				23,285
Woori Asset Trust Co., Ltd.		Other financial assets			1,077				—
Woori Savings Bank		Other financial assets			3,671				2,702
		Other financial liabilities			8				—
Woori Asset Management Corp		Other financial assets			5,306				4,156
Woori Venture Partners Co., Ltd.		Other financial assets			1,016				707
		Other financial liabilities			8				—
Woori Private Equity Asset Management Co. Ltd.		Other financial assets			743				1
		Other financial liabilities			100				59
Woori F&I Co., Ltd.		Other financial liabilities			3,880				2,410
Woori Credit Information Co., Ltd.		Other financial assets			14				5
		Other financial liabilities			37				—
Woori Fund Service Co., Ltd.		Other financial assets			968				638
		Other financial liabilities			2				—
Woori FIS Co., Ltd.		Other financial assets			54				50
		Other financial liabilities			665				448
Woori Finance Research Institute Co., Ltd.		Other financial assets			111				100
		Other financial liabilities			1				3,395
ABL Life Insurance Co., Ltd.		Other financial liabilities			20,256				—

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WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2) Major gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

				For the three-month periods ended March 31
Related party		Title of account		2026				2025
Subsidiaries
Woori Bank		Interest income			2,476				8,068
		Fees and commissions income			443				459
		Dividend income			1,164,932				1,352,524
		Interest expenses (*)			17				17
		Fees and commissions expense			3				2
		Provision of impairment loss due to credit loss			—				157
		General and administrative expenses (*)			1,039				1,248
Woori Card Co., Ltd.		Dividend income			34,222				33,544
Woori Financial Capital Co., Ltd.		Dividend income			31,861				30,441
		Interest expenses (*)			3				4
		General and administrative expenses (*)			67				57
Woori Asset Management Corp		Dividend income			5,622				3,540
Woori Venture Partners Co., Ltd.		Dividend income			5,200				7,300
Woori Credit Information Co., Ltd.		Dividend income			260				484
Woori Fund Service Co., Ltd.		Dividend income			1,276				1,392
Woori FIS Co., Ltd.		General and administrative expenses			1,354				1,637
Woori Finance Research Institute Co., Ltd.		Fees and commissions expenses			2,270				2,165
Associates of subsidiaries
W Service Networks Co., Ltd.		General and administrative expenses			33				57

(*) The depreciation of right-of-use assets and interest expense of lease liabilities arising from lease transactions during the current term and prior term are included.

- 35 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3) The details of the right-of-use assets and lease liabilities due to lease transactions with related parties as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korea Won in millions):

Related parties				Title of account		March 31, 2026				December 31, 2025
Subsidiary		Woori Bank		Right-of-use assets			1,910				2,895
				Lease liabilities (*)			2,207				2,906
		Woori Financial Capital Co., Ltd.		Right-of-use assets			384				405
				Lease liabilities (*)			414				435

(*) Cash outflows of lease liabilities redemption for the years ended March 31, 2026 and 2025 are 785 million Won and 731 million Won, respectively.

(4) The details of loan and borrowing transactions with related parties for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korea Won in millions):

For the three-month period ended March 31, 2026

Related parties

Title of account

Beginning balance

Increase

Decrease

Ending balance

Subsidiary

Woori Bank

Deposit (*)

465,000

934,000

490,000

909,000

(*) Excludes due from banks without withdrawal limitations.

For the three-month period ended March 31, 2025

Related parties

Title of account

Beginning balance

Increase

Decrease

Ending balance

Subsidiary

Woori Bank

Deposit (*)

1,274,000

2,401,000

1,680,000

1,995,000

(*) Excludes due from banks without withdrawal limitations.

(5) The details of equity-related transactions with related parties are as follows (Unit: Korean Won in million) :

				For the three-month period ended March 31, 2026
Related parties				Acquisition of interests and contribution(*2)
Subsidiary		Woori Investment Securities Co., Ltd.(*1)			1,629

(*1) During the current period, the Company acquired the interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

(*2) The book value related to equity can be referred to in Note 6 and Note 9.

				For the three-month period ended March 31, 2025
Related parties				Acquisition of contribution (*)
Subsidiary		—			—

(*) The book value related to equity can be referred to in Note 6 and Note 9.

- 36 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6) There are no guarantees provided to the related parties. The unused commitments and payment guarantees provided from the related parties are as follows (Unit: Korean Won in millions):

Related parties

March 31, 2026

December 31, 2025

Warranty

Subsidiary

Woori Card Co., Ltd.

739

647

Unused loan commitment

(7) Compensation for key management is as follows (Unit: Korean Won in millions):

		For the three-month periods ended March 31
		2026				2025
Short-term employee salaries			1,533				1,139
Retirement benefit service costs			43				19
Share-based compensation			2,648				654
Total			4,224				1,812

Key management includes registered executives and non-registered executives. The Company has not recognized any outstanding assets, allowance and related impairment loss due to credit losses from transaction with key management as of March 31, 2026 and December 31, 2025. Liabilities related to key management compensation are 18,337 million Won and 20,063 million Won as of March 31, 2026 and December 31, 2025, respectively.

27. EVENTS AFTER THE REPORTING PERIOD

(1) On April 24, 2026, the Board of Directors has declared to pay a quarterly dividend of 220 Won per share (total dividend of 160,541 million Won), with the record date set as of May 11, 2026, and the dividends will be paid on May 29, 2026.

(2) Woori Investment Securities Co., Ltd., a subsidiary of the Company, resolved at its Board of Directors’ meeting held on April 24, 2026 to conduct a 1,000,000 million Won rights offering, with all newly issued shares allocated to the Company. The Company completed the payment of the subscription proceeds on May 4, 2026.

(3) On April 29, 2026, the Company entered into a share exchange agreement with its subsidiary, Tongyang Life Insurance Co., Ltd. Pursuant to the agreement, as of the share exchange date (scheduled for August 11, 2026), the Company will deliver 0.2521056 shares of its common stock for each common share of Tongyang Life Insurance Co., Ltd. to the shareholders of Tongyang Life Insurance Co., Ltd., other than the Company.

- 37 -

FAQ

How much net income did Woori Financial Group (WF) earn in Q1 2026?

Woori Financial Group earned 639,433 million Won in net income in Q1 2026. This compares with 654,556 million Won in the same period of 2025, reflecting broadly stable profitability.

What were Woori Financial Group (WF)'s total assets as of March 31, 2026?

Total assets were 612,585,300 million Won as of March 31, 2026. This was slightly higher than 601,457,286 million Won at December 31, 2025, indicating modest balance sheet expansion.

What is Woori Financial Group (WF)'s BIS capital adequacy ratio for 2026 Q1?

The consolidated BIS capital adequacy ratio was 16.63% in 2026 Q1. This compares with 16.12% in 2025 and 15.71% in 2024, showing a gradual strengthening of regulatory capital.

How strong is Woori Financial Group (WF)'s asset quality in Q1 2026?

Total loans were 405,358 billion Won with a non-performing loan (NPL) ratio of 0.58% in Q1 2026. Substandard and below loans were 2,757 billion Won, supporting a relatively low level of problem assets.

What dividends did Woori Financial Group (WF) pay around 2026 Q1?

Common shareholders received a cash dividend of 220 Won per share for the 2026 period shown. Total cash dividends were 160,527 million Won, resulting in a cash dividend payout ratio of 26.56% and a cash dividend yield of 0.6% on common shares.

What are Woori Financial Group (WF)'s ROA and ROE for 2026 to date?

Including non-controlling interests, return on assets was 0.42% and return on equity was 6.91% for 2026 year-to-date. These compare with 0.58% ROA and 9.31% ROE for 2025.

Filing Exhibits & Attachments

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