Woori Financial (NYSE: WF) Q1 2026 prelim results show profit rebound

Rhea-AI Filing Summary

Woori Financial Group Inc. reported preliminary consolidated results for the first quarter of 2026 under Korean IFRS. Revenue reached 15,282,383 million KRW, with operating income of 808,150 million KRW and net income of 638,918 million KRW. Net income nearly doubled versus the previous quarter but was slightly below the same quarter a year earlier.

At wholly owned subsidiary Woori Bank, consolidated revenue was 12,001,481 million KRW, operating income was 663,926 million KRW, and net income was 522,130 million KRW. Net income rose sharply compared with the prior quarter but declined compared with the first quarter of 2025. All figures are preliminary and unaudited.

Insights

Banking sector analyst

Strong quarter-on-quarter rebound, but year-on-year bank earnings softer.

Woori Financial Group shows a sharp sequential improvement, with Q1 2026 net income of 638,918 million KRW, up 86.98% from Q4 2025. Revenue of 15,282,383 million KRW also increased significantly, supporting higher income before income tax expense.

Versus Q1 2025, group net income eased 2.39%, suggesting profitability is broadly stable year-on-year despite the strong quarterly rebound. At Woori Bank, Q1 2026 net income of 522,130 million KRW rose 77.50% from Q4 2025 but fell 17.80% versus Q1 2025, indicating pressure on bank-level earnings compared with last year.

Because these figures are preliminary and unaudited, they may be adjusted in later disclosures. Subsequent Korean IFRS filings for periods after March 31, 2026 will show whether the sequential momentum at the group level is sustained and whether bank earnings normalize closer to prior-year levels.

Key Figures

Woori Financial revenue: 15,282,383 million KRW Woori Financial net income: 638,918 million KRW Woori Financial profit to equity holders: 603,803 million KRW +4 more

7 metrics

Woori Financial revenue 15,282,383 million KRW Consolidated revenue, Q1 2026

Woori Financial net income 638,918 million KRW Consolidated net income, Q1 2026

Woori Financial profit to equity holders 603,803 million KRW Profit to equity holders of parent, Q1 2026

Woori Bank revenue 12,001,481 million KRW Consolidated revenue, Woori Bank Q1 2026

Woori Bank net income 522,130 million KRW Consolidated net income, Woori Bank Q1 2026

Woori Financial net income QoQ change 86.98% Net income growth vs Q4 2025

Woori Bank net income QoQ change 77.50% Net income growth vs Q4 2025

Key Terms

Korean International Financial Reporting Standards, Net Income, Operating Income, Profit to the Equity Holders of the Parent Entity, +1 more

5 terms

Korean International Financial Reporting Standards financial

"The above figures are prepared in accordance with Korean International Financial Reporting Standards."

Net Income financial

"Net Income | | Specified Quarter | | | 638,918"

Net income is the amount of money a company keeps after paying all its costs, interest, taxes and one-time charges — effectively the company’s profit “left over” at the end of a reporting period. Investors use it like a report card: it shows whether the business is generating real profit, influences earnings per share and dividend potential, and helps determine valuation and long-term financial health.

Operating Income financial

"Operating Income | | Specified Quarter | | | 808,150"

Operating income is the profit a company earns from its regular business activities after subtracting the costs directly related to running the business, such as wages, rent, and supplies. It shows how well the core operations are performing, ignoring income or expenses from non-regular activities like investments or one-time events. Investors use it to assess the company's efficiency and profitability from its main work.

Profit to the Equity Holders of the Parent Entity financial

"Profit to the Equity Holders of the Parent Entity | | Specified Quarter | | | 603,803"

consolidated basis financial

"for the quarter ended March 31, 2026, on a consolidated basis, are as follows."

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 April 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 First Quarter of 2026

The preliminary financial performance figures for Woori Financial Group Inc. (“Woori Financial Group”) for the quarter ended March 31, 2026, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item				1Q 2026				4Q 2025				% Change Increase				1Q 2025				% Change Increase (Decrease)
Revenue*		Specified Quarter			15,282,383				10,504,494				45.48				9,658,528				58.23
		Cumulative Basis			15,282,383				—				—				9,658,528				58.23
Operating Income		Specified Quarter			808,150				709,064				13.97				869,263				(7.03	)
		Cumulative Basis			808,150				—				—				869,263				(7.03	)
Income before Income Tax Expense		Specified Quarter			847,945				510,032				66.25				864,595				(1.93	)
		Cumulative Basis			847,945				—				—				864,595				(1.93	)
Net Income		Specified Quarter			638,918				341,705				86.98				654,556				(2.39	)
		Cumulative Basis			638,918				—				—				654,556				(2.39	)
Profit to the Equity Holders of the Parent Entity		Specified Quarter			603,803				328,409				83.86				616,691				(2.09	)
		Cumulative Basis			603,803				—				—				616,691				(2.09	)

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, gain on financial assets and other operating income (excluding non-operating income).

Woori Bank’s Preliminary Financial Performance Figures

for the First Quarter of 2026

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the quarter ended March 31, 2026, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item				1Q 2026				4Q 2025				% Change Increase				1Q 2025				% Change Increase (Decrease)
Revenue*		Specified Quarter			12,001,481				7,297,279				64.47				8,462,289				41.82
		Cumulative Basis			12,001,481				—				—				8,462,289				41.82
Operating Income		Specified Quarter			663,926				650,575				2.05				815,058				(18.54	)
		Cumulative Basis			663,926				—				—				815,058				(18.54	)
Income before Income Tax Expense		Specified Quarter			681,621				459,351				48.39				818,181				(16.69	)
		Cumulative Basis			681,621				—				—				818,181				(16.69	)
Net Income		Specified Quarter			522,130				294,155				77.50				635,218				(17.80	)
		Cumulative Basis			522,130				—				—				635,218				(17.80	)
Profit to the Equity Holders of the Parent Entity		Specified Quarter			531,198				296,349				79.25				634,112				(16.23	)
		Cumulative Basis			531,198				—				—				634,112				(16.23	)

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: April 24, 2026				By:		/s/ Seong Min Kwak
				(Signature)
				Name:  Seong Min Kwak
				Title:   Deputy President

FAQ

How did Woori Financial Group (WF) perform in Q1 2026?

Woori Financial Group reported preliminary Q1 2026 consolidated revenue of 15,282,383 million KRW and net income of 638,918 million KRW. Net income rose strongly versus Q4 2025 but was slightly below Q1 2025, indicating stable year-on-year profitability with a strong quarterly rebound.

What were Woori Bank’s preliminary Q1 2026 results?

Woori Bank posted preliminary consolidated Q1 2026 revenue of 12,001,481 million KRW and net income of 522,130 million KRW. Net income increased 77.50% from Q4 2025 but declined 17.80% compared with Q1 2025, showing mixed trends in profitability.

How did Woori Financial Group’s Q1 2026 net income compare to prior periods?

Q1 2026 net income of 638,918 million KRW increased 86.98% versus Q4 2025 but decreased 2.39% from Q1 2025. This points to a strong quarter-on-quarter recovery while remaining slightly below the prior-year quarter’s earnings level.

How did Woori Bank’s profit to equity holders change in Q1 2026?

Woori Bank’s profit to equity holders of the parent in Q1 2026 was 531,198 million KRW. This rose 79.25% compared with Q4 2025, but fell 16.23% from Q1 2025, reflecting robust sequential improvement yet weaker year-on-year performance for shareholders.

Are Woori Financial Group’s Q1 2026 figures final and audited?

No. Both Woori Financial Group and Woori Bank’s Q1 2026 numbers are preliminary, prepared under Korean IFRS and not yet reviewed by independent auditors. They may be adjusted in future filings once the audit and review processes are completed.

What was Woori Financial Group’s Q1 2026 profit attributable to equity holders?

Profit attributable to equity holders of the parent was 603,803 million KRW in Q1 2026. This increased 83.86% from Q4 2025 but declined 2.09% versus Q1 2025, indicating strong sequential growth with a modest year-on-year dip.