Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. reports preliminary financial performance for the fourth quarter and full year ended December 31, 2025. The report was filed on February 6, 2026. Figures are prepared under Korean International Financial Reporting Standards (K-IFRS) and are unaudited.
Key Financial Metrics
Woori Financial Group (Consolidated)
- Revenue (4Q 2025): 10,504,639 million KRW
- Operating Income (4Q 2025): 724,904 million KRW
- Net Income (4Q 2025): 358,624 million KRW
- Profit to Equity Holders (4Q 2025): 345,329 million KRW
- Full Year 2025 Net Income: 3,244,427 million KRW (up 2.30% vs. 2024)
Woori Bank (Wholly-owned Subsidiary)
- Revenue (4Q 2025): 7,297,279 million KRW
- Operating Income (4Q 2025): 666,415 million KRW
- Net Income (4Q 2025): 311,074 million KRW
- Full Year 2025 Net Income: 2,599,018 million KRW (down 14.70% vs. 2024)
Note: The filing does not provide specific data on cash flow, debt levels, liquidity ratios, or explicit margin percentages.
Material Changes vs. Prior Periods
Quarter-over-Quarter (4Q 2025 vs. 3Q 2025):
- Group Revenue: Increased 31.29% to 10.5 trillion KRW.
- Group Net Income: Decreased 72.23% to 358.6 billion KRW.
- Bank Revenue: Increased 44.15% to 7.3 trillion KRW.
- Bank Net Income: Decreased 57.74% to 311.1 billion KRW.
Year-over-Year (4Q 2025 vs. 4Q 2024):
- Group Revenue: Decreased 32.24% to 10.5 trillion KRW.
- Group Net Income: Decreased 21.02% to 358.6 billion KRW.
- Bank Revenue: Decreased 48.63% to 7.3 trillion KRW.
- Bank Net Income: Decreased 39.75% to 311.1 billion KRW.
Full Year Comparison (2025 vs. 2024):
- Group Net Income: Increased 2.30% to 3.24 trillion KRW.
- Bank Net Income: Decreased 14.70% to 2.60 trillion KRW.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. The document explicitly states that the figures are preliminary and subject to adjustment as they have not been reviewed by independent auditors.
Investor Verification Checklist
- Audit Confirmation: Verify final audited figures once the annual report is released, as current data is preliminary.
- Revenue Composition: Investigate the drivers behind the significant Q4 revenue increase (31.29% QoQ) despite the year-over-year decline, specifically regarding "gain on financial assets" included in the revenue definition.
- Profitability Divergence: Analyze the discrepancy between the Group's full-year net income growth (+2.30%) and the Bank's full-year net income decline (-14.70%) to understand the contribution of non-bank subsidiaries.
- Expense Structure: Review the upcoming audited statements to determine if the sharp drop in operating income and net income in Q4 was driven by increased operating expenses or specific one-time charges.