South Korea · Delayed Price · Currency is KRW Woori Financial Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw stable net income with strong non-bank growth and record CET1 ratio, despite one-off costs and market volatility. Dividend per share rose 10% YoY, and major capital injections and asset revaluation strengthened capital and future growth prospects.
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Q2 2026 net income surged 66% QoQ to over KRW 1 trillion, with H1 net income up 3.7% YoY. Non-interest income and fee businesses drove growth, while CET1 ratio rose to 13.71%. Shareholder returns increased with record buybacks and dividends.
Fiscal Year 2025
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Net income rose 1.8% year-over-year to KRW 3,141.3 billion, with record net operating revenue and a CET1 ratio of 12.9%. Non-interest income surged 24%, and the group will expand non-taxable dividends and share buybacks in 2026, targeting a CET1 above 13% and 10% annual DPS growth.
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Net income grew 5.1% YoY, driven by balanced interest and non-interest income and the insurance acquisition, which contributed significant one-off gains and enhanced group synergies. CET1 ratio rose to 12.92%, with a 13% target set for 2026, and robust risk management maintained asset quality.
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Net income declined 11.6% year-over-year due to one-off costs, but adjusted profit was stable. CET1 ratio improved to 12.76%, exceeding targets, and the group completed key insurance acquisitions. Non-interest income and digital expansion supported growth amid a challenging environment.
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Q1 2025 saw solid revenue growth and stable margins, but net income was impacted by one-off costs and higher credit provisions. CET1 ratio improved to 12.42%, with a strong focus on asset quality, digital expansion, and shareholder returns.
Fiscal Year 2024
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Net income rose 23.1% year-over-year to KRW 3.09 trillion, with strong non-interest income and improved cost efficiency. CET1 ratio reached 12.08%, and shareholder returns were boosted by higher dividends and share buybacks. Challenging conditions are expected in 2025.
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Net income rose 9.1% year-over-year, with strong non-interest income and cost control driving performance. CET1 ratio held steady at 12%, with a target of 12.5% in 2025, and core deposit growth and digital integration prioritized. Dividend increased to KRW 181 per share.
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Net income for H1 2024 rose 14.1% year-over-year, with record Q2 results and improved ROE at 10.8%. Non-interest income surged 45.1%, and the CET1 ratio increased to 12.04%. The group targets double-digit ROE, higher capital ratios, and expanded global and non-bank operations.