Q4 profit slump at Woori Financial Group (NYSE: WF) as 2025 net falls

Rhea-AI Filing Summary

Woori Financial Group Inc. released preliminary consolidated results for Q4 and full-year 2025 under Korean International Financial Reporting Standards. Group Q4 2025 net income was 358,624 million KRW, down 72.23% from 1,291,504 million KRW in Q3 and 21.02% below 454,071 million KRW a year earlier, even as quarterly revenue rose 31.29% year-on-year to 10,504,639 million KRW.

For 2025 as a whole, Woori Financial Group’s net income reached 3,244,427 million KRW, a 2.30% increase from 3,171,469 million KRW, with profit attributable to equity holders up 1.79% to 3,141,266 million KRW. Subsidiary Woori Bank showed a similar pattern: Q4 2025 net income fell 57.74% quarter-on-quarter to 311,074 million KRW, while full-year net income declined 14.70% to 2,599,018 million KRW. All figures are preliminary and unaudited.

Positive

• None.

Negative

• Sharp Q4 profit contraction: Woori Financial Group’s Q4 2025 net income of 358,624 million KRW fell 72.23% from 1,291,504 million KRW in Q3, while Woori Bank’s Q4 net income dropped 57.74% to 311,074 million KRW, indicating a materially weaker quarter despite higher group revenue.

Insights

Banking sector equity analyst

Q4 profits dropped sharply at Woori despite relatively steady full-year earnings.

Woori Financial Group shows a pronounced deterioration in quarterly profitability. Q4 2025 net income of 358,624 million KRW fell 72.23% from Q3’s 1,291,504 million KRW, even though quarterly revenue increased 31.29% to 10,504,639 million KRW versus 8,000,926 million KRW.

This divergence between higher revenue and much lower net income implies significantly higher costs, provisions, or other charges in the quarter, although the specific drivers are not detailed here. Full-year group net income was more stable at 3,244,427 million KRW, up 2.30% from 3,171,469 million KRW, softening the impact at an annual level.

At the subsidiary level, Woori Bank also reported pressure: Q4 2025 net income declined 57.74% quarter-on-quarter to 311,074 million KRW, and full-year net income fell 14.70% to 2,599,018 million KRW. Because these numbers are preliminary and unaudited, subsequent audited statements may refine the exact figures, but the disclosed magnitude of the Q4 profit contraction is notable.

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 February 2026

Commission File Number: 001-31811

Woori Financial Group Inc.

(Translation of registrant’s name into English)

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

(Address of principal executive office)

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

Form 20-F ☒   Form 40-F ☐

Woori Financial Group’s Preliminary Financial Performance Figures

for the Fourth Quarter of 2025

The preliminary financial performance figures for Woori Financial Group Inc. (“Woori Financial Group”) for the year and quarter ended December 31, 2025, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item						4Q 2025				3Q 2025				% Change Increase (Decrease)				4Q 2024				% Change Increase (Decrease)
Revenue*			Specified Quarter				10,504,639				8,000,926				31.29				15,502,583				(32.24	)
			Cumulative Basis				41,734,247				—				—				46,680,933				(10.60	)
Operating Income			Specified Quarter				724,904				988,030				(26.63	)			674,160				7.53
			Cumulative Basis				3,690,648				—				—				4,255,190				(13.27	)
Income before Income Tax Expense			Specified Quarter				535,469				1,529,054				(64.98	)			631,278				(15.18	)
			Cumulative Basis				4,115,603				—				—				4,222,847				(2.54	)
Net Income			Specified Quarter				358,624				1,291,504				(72.23	)			454,071				(21.02	)
			Cumulative Basis				3,244,427				—				—				3,171,469				2.30
Profit to the Equity Holders of the Parent Entity			Specified Quarter				345,329				1,243,918				(72.24	)			426,128				(18.96	)
			Cumulative Basis				3,141,266				—				—				3,085,995				1.79

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

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

Woori Bank’s Preliminary Financial Performance Figures

for the Fourth Quarter of 2025

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the year and quarter ended December 31, 2025, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item						4Q 2025				3Q 2025				% Change Increase (Decrease)				4Q 2024				% Change Decrease
Revenue*			Specified Quarter				7,297,279				5,062,405				44.15				14,205,705				(48.63	)
			Cumulative Basis				33,077,179				—				—				41,881,143				(21.02	)
Operating Income			Specified Quarter				666,415				953,514				(30.11	)			743,376				(10.35	)
			Cumulative Basis				3,536,582				—				—				4,069,308				(13.09	)
Income before Income Tax Expense			Specified Quarter				484,787				949,823				(48.96	)			694,031				(30.15	)
			Cumulative Basis				3,384,626				—				—				4,008,987				(15.57	)
Net Income			Specified Quarter				311,074				736,024				(57.74	)			516,295				(39.75	)
			Cumulative Basis				2,599,018				—				—				3,046,936				(14.70	)
Profit to the Equity Holders of the Parent Entity			Specified Quarter				313,269				735,604				(57.41	)			515,011				(39.17	)
			Cumulative Basis				2,606,566				—				—				3,039,372				(14.24	)

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

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

SIGNATURES

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

				Woori Financial Group Inc.
				(Registrant)
Date: February 6, 2026				By:		/s/ Seong Min Kwak
				(Signature)
				Name: Seong Min Kwak
				Title: Deputy President

FAQ

How did Woori Financial Group (WF) perform in Q4 2025?

Woori Financial Group’s Q4 2025 net income was 358,624 million KRW, down 72.23% from 1,291,504 million KRW in Q3. This came despite quarterly revenue rising 31.29% year-on-year to 10,504,639 million KRW, highlighting a sharp squeeze in quarterly profitability.

What were Woori Financial Group’s full-year 2025 earnings?

For 2025, Woori Financial Group reported net income of 3,244,427 million KRW, up 2.30% from 3,171,469 million KRW. Profit attributable to equity holders of the parent was 3,141,266 million KRW, a 1.79% increase compared with the prior year’s 3,085,995 million KRW.

How did Woori Bank’s Q4 2025 results compare to the prior quarter?

Woori Bank’s Q4 2025 net income was 311,074 million KRW, a 57.74% decline from 736,024 million KRW in Q3 2025. Q4 operating income also decreased 30.11% quarter-on-quarter to 666,415 million KRW, indicating materially weaker profitability in the period.

What were Woori Bank’s full-year 2025 financial results?

On a full-year basis, Woori Bank recorded 2025 net income of 2,599,018 million KRW, down 14.70% from 3,046,936 million KRW in the prior year. Profit attributable to the parent entity was 2,606,566 million KRW, 14.24% lower than 3,039,372 million KRW in 2024.

Did Woori Financial Group’s revenue grow in Q4 2025?

Yes. Woori Financial Group’s Q4 2025 revenue was 10,504,639 million KRW, up 31.29% from 8,000,926 million KRW in Q3 2025. However, compared with Q4 2024 revenue of 15,502,583 million KRW, this represented a 32.24% year-on-year decline.

Are Woori Financial Group’s Q4 2025 figures audited?

No. The Q4 and full-year 2025 figures for Woori Financial Group and Woori Bank are preliminary. They are prepared under Korean International Financial Reporting Standards and remain subject to adjustment because they have not yet been reviewed by independent auditors.