South Korea · Delayed Price · Currency is KRW Woori Financial Group Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 net income surged 66% quarter-over-quarter, with record net operating revenue and strong growth in both interest and non-interest income. Non-bank businesses now contribute over 22% of net income, and the CET1 ratio rose to 13.71%. Shareholder returns are set to exceed 50% for the year.
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Q1 2026 saw stable net income and record fee income, with strong growth from non-bank subsidiaries and a CET1 ratio of 13.6%. Shareholder returns are set to rise with higher dividends and buybacks, while capital injections and integration efforts aim to boost non-bank competitiveness.
Fiscal Year 2025
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Net income rose 1.8% year-over-year to KRW 3.14 trillion, with record high net operating revenue and a CET1 ratio of 12.9%. Non-interest income surged 24%, and the group announced higher dividends and share buybacks, while targeting 5% asset growth and a 40% cost-to-income ratio in 2026.
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Net income rose 5.1% YoY to KRW 2.80 trillion, driven by balanced growth and insurance acquisition. CET1 ratio improved to 12.92%, exceeding targets, while non-interest income and fee income reached record highs. Strategic focus remains on synergy, risk management, and digital transformation.
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Net income for H1 2025 declined 11.6% year-over-year due to one-off costs, but adjusted profit was stable. CET1 ratio improved to 12.76%, and the group completed key insurance acquisitions, expanding its non-bank portfolio and digital offerings.
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Q1 2025 saw net income of KRW 615.6 billion, with solid revenue growth but higher credit costs and one-off expenses. CET1 ratio improved to 12.42%, and a dividend increase and share buyback were announced. Asset rebalancing and digital investments remain key priorities.
Fiscal Year 2024
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Net income rose 23.1% year-over-year to KRW 3.086 trillion, with strong non-interest income and improved cost efficiency. CET1 ratio reached 12.08%, and a record dividend was declared. The group targets a 12.5% CET1 ratio in 2025 and continues to diversify revenue through non-banking expansion.
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Net income for Q3 2024 rose 9.1% year-over-year, with strong revenue and cost control driving a 10.82% ROE. CET1 ratio held at 12%, with a target of 12.5% in 2025, and non-interest income surged 53.2% year-over-year. Credit costs and margin pressures persist amid global uncertainties.
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Net income for H1 2024 rose 14.1% year-over-year, with record Q2 results and strong cost control driving ROE to 10.8%. The group targets a CET1 ratio of 12.5% by 2025, expanding non-bank operations and refining shareholder return policies.