0001193125-26-225545
SEC filingWoori Financial Group Inc. reported Q1 2026 consolidated net income of 639,433 million KRW and total comprehensive income of 2,780,225 million KRW, driven by strong other comprehensive gains including premises revaluation.
Woori Financial Group Inc. released its consolidated and separate interim financial statements for the three months ended March 31, 2026, reviewed by KPMG Samjong Accounting Corp. with an unqualified conclusion under K-IFRS No.1034. Consolidated net income of 639,433 million KRW slightly declined from 654,556 million KRW in Q1 2025, with EPS at 774 KRW versus 781 KRW, reflecting higher impairment losses due to credit loss (526,782 million KRW vs. 435,501 million KRW) and increased general and administrative expenses (1,422,809 million KRW vs. 1,306,172 million KRW), partially offset by net interest income growth to 2,303,153 million KRW and net fees growth to 576,830 million KRW. Operating income fell to 808,155 million KRW from 869,263 million KRW. Total comprehensive income surged to 2,780,225 million KRW from 622,333 million KRW, propelled by other comprehensive income of 2,140,792 million KRW, highlighted by a 1,796,478 million KRW gain on revaluation of premises and equipment and net financial gain on insurance contracts of 1,671,497 million KRW, despite FVTOCI debt securities valuation loss of 1,457,453 million KRW. Balance sheet expansion showed total assets at 612,585,300 million KRW (up from 601,457,286 million KRW at Dec 31, 2025), driven by loan growth to 424,243,666 million KRW, with equity rising to 39,906,308 million KRW on comprehensive gains and reduced other equity losses. Deposits decreased slightly to 372,424,821 million KRW. In separate statements, net income of 1,194,943 million KRW was supported by 1,243,373 million KRW dividend income from subsidiaries. Capital management included common stock dividends of 555,130 million KRW and hybrid securities dividends of 39,034 million KRW, alongside treasury stock acquisitions of 103,040 million KRW.