$WF

WOORI FINANCE HOLDINGS CO LTD

CIK:0001264136|SEC Filings

Consolidated Statements Of Comprehensive Income $ in Thousands, ₩ in Millions	12 Months Ended
	Dec. 31, 2025 KRW (₩) ₩ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 KRW (₩) ₩ / shares	Dec. 31, 2023 KRW (₩) ₩ / shares
Statement of comprehensive income [abstract]
Interest income	₩ 21,188,743	$ 14,668,058	₩ 22,013,341	₩ 20,641,554
Financial assets at FVTPL	303,458	210,071	236,793	192,094
Financial assets at FVTOCI	1,866,114	1,291,831	1,281,642	999,407
Financial assets at amortized cost	19,009,985	13,159,797	20,494,906	19,450,053
Insurance finance	9,186	6,359	0	0
Interest expense	(12,157,974)	(8,416,444)	(13,127,005)	(11,899,014)
Financial liabilities at amortized cost	(11,401,953)	(7,893,083)	(13,127,005)	(11,899,014)
Insurance finance	(756,021)	(523,361)	0	0
Total	9,030,769	6,251,614	8,886,336	8,742,540
Fees and commissions income	3,017,771	2,089,073	2,874,216	2,565,814
Fees and commissions expense	(857,367)	(593,518)	(788,046)	(845,333)
Net fees and commissions income	2,160,404	1,495,555	2,086,170	1,720,481
Dividend income	484,465	335,374	310,320	240,293
Insurance income	1,042,497	721,676	0	0
Insurance	1,005,778	696,257	0	0
Reinsurance	36,719	25,419	0	0
Insurance service expense	(938,626)	(649,771)	0	0
Insurance service	(901,614)	(624,149)	0	0
Reinsurance service	(37,012)	(25,622)	0	0
Net insurance income	103,871	71,905	0	0
Other insurance finance income and expenses	(378,130)	(261,763)	0	0
Net gain on financial instruments at FVTPL	725,939	502,536	1,492,783	488,486
Net gain (loss) on financial assets at FVTOCI	130,620	90,423	96,620	(37,641)
Net gain arising on financial assets at amortized cost	107,667	74,533	286,885	203,942
Impairment losses due to credit loss	(2,102,814)	(1,455,688)	(1,716,295)	(1,894,916)
General and administrative expenses	(5,179,621)	(3,585,629)	(4,468,973)	(4,443,433)
Other net operating expense	(1,408,362)	(974,949)	(2,718,656)	(1,520,723)
Operating income	3,674,808	2,543,911	4,255,190	3,499,029
Share of gain of joint ventures and associates	98,660	68,299	76,265	109,831
Other non-operating income (expense)	316,698	219,236	(108,608)	(91,407)
Non-operating income (expense)	415,358	287,535	(32,343)	18,424
Net income before income tax expense	4,090,166	2,831,446	4,222,847	3,517,453
Income tax expense	(862,658)	(597,180)	(1,051,378)	(890,559)
Net income	3,227,508	2,234,266	3,171,469	2,626,894
Other comprehensive income [abstract]
Net gain (loss) on valuation of equity securities at FVTOCI	100,259	69,405	(138,097)	193,191
Net gain on credit risk fluctuation of financial liabilities designated to be measured at FVTPL	(74)	(51)	1,348	0
Changes in capital due to equity method	(957)	(662)	(1,663)	8,603
Remeasurement loss related to defined benefit liabilities	(8,681)	(6,009)	(61,929)	(79,460)
Items that will not be reclassified to profit or loss	90,547	62,683	(200,341)	122,334
Net gain (loss) on valuation of debt securities at FVTOCI	(1,421,826)	(984,269)	172,155	532,334
Changes in capital due to equity method	(1,378)	(954)	(3,704)	(5,638)
Net gain (loss) on foreign currency translation of foreign operations	(116,405)	(80,583)	522,845	45,080
Net gain (loss) valuation of hedges of net investments in foreign operations	22,319	15,450	(114,827)	(14,049)
Net gain (loss) on valuation of cash flow hedge	(167,670)	(116,071)	6,591	(16,524)
Net financial gain on insurance contract assets (liabilities)	1,786,814	1,236,935	0	0
Net financial loss on reinsurance contract assets (liabilities)	(15,631)	(10,821)	0	0
Items that may be reclassified to profit or loss	86,223	59,687	583,060	541,203
Other comprehensive income(loss), net of tax	176,770	122,370	382,719	663,537
Total comprehensive income	3,404,278	2,356,636	3,554,188	3,290,431
Net income attributable to:
Net income attributable to shareholders	3,124,346	2,162,851	3,085,995	2,506,296
Net income attributable to non-controlling interests	103,162	71,415	85,474	120,598
Total comprehensive income attributable to:
Comprehensive income attributable to shareholders	3,251,616	2,250,955	3,454,620	3,164,464
Comprehensive income attributable to non-controlling interests	₩ 152,662	$ 105,681	₩ 99,568	₩ 125,967
Earnings per share
Basic earnings per share \| (per share)	₩ 4,052	$ 2,805	₩ 3,950	₩ 3,230
Diluted earnings per share \| (per share)	₩ 4,052	$ 2,805	₩ 3,950	₩ 3,230

Consolidated Statements Of Cash Flows $ in Thousands, ₩ in Millions	12 Months Ended
	Dec. 31, 2025 KRW (₩)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 KRW (₩)	Dec. 31, 2023 KRW (₩)
Cash flows from operating activities
Net income	₩ 3,227,508	$ 2,234,266	₩ 3,171,469	₩ 2,626,894
Adjustments to net income:
Income tax expense	862,658	597,180	1,051,378	890,559
Interest income	(21,188,743)	(14,668,058)	(22,013,341)	(20,641,554)
Interest expense	12,157,974	8,416,444	13,127,005	11,899,014
Dividend income	(484,465)	(335,374)	(310,320)	(240,293)
Adjustments to net income (sub-total)	(8,652,576)	(5,989,808)	(8,145,278)	(8,092,274)
Additions of expenses not involving cash outflows:
Insurance service expense	938,626	649,771	0	0
Other insurance finance expense	378,535	262,044	0	0
Loss on financial assets at FVTOCI	30,357	21,015	4,611	46,335
Impairment loss due to credit loss	2,102,814	1,455,688	1,716,295	1,894,916
Loss on other provisions	132,442	91,684	41,938	99,444
Retirement benefit	187,514	129,808	129,029	113,435
Depreciation and amortization	1,250,606	865,741	1,163,799	993,176
Net loss on foreign currency translation	0	0	1,177,859	366,026
Loss on derivatives (designated for hedge)	624,781	432,509	24,252	35,583
Loss on fair value hedge	92,138	63,783	64,571	72,601
Loss on valuation of investments in joint ventures and associates	24,035	16,638	19,911	22,710
Loss on disposal of investments in joint ventures and associates	1,874	1,297	532	588
Loss on disposal of premises and equipment, intangible assets and other assets	3,475	2,406	2,233	1,873
Impairment loss on premises and equipment, intangible assets and other assets	86,354	59,779	3,627	129
Other loss	0	0	10,887	0
Other operating expenses	1,015	703	9,509	0
Additions of expenses not involving cash outflows (sub-total)	5,854,566	4,052,866	4,369,053	3,646,816
Deductions of income not involving cash inflows:
Insurance income	(1,042,497)	(721,676)	0	0
Other insurance finance income	(405)	(280)	0	0
Gain on financial assets at FVTPL	(924,792)	(640,194)	(1,299,919)	(571,179)
Gain on financial assets at FVTOCI	(160,977)	(111,437)	(101,231)	(8,694)
Gain on other provisions	(691)	(478)	(10,026)	(19,781)
Gain on foreign currency translation	(784,525)	(543,093)	0	0
Gain on derivatives (designated for hedge)	(251,270)	(173,943)	(192,000)	(114,875)
Gain on fair value hedge	(16,141)	(11,174)	(25,469)	(8,986)
Gain on valuation of investments in joint ventures and associates	(122,695)	(84,936)	(96,176)	(132,541)
Gain on disposal of investments in joint ventures and associates	(7,507)	(5,197)	(19,642)	(33,123)
Gain on disposal of premises and equipment, intangible assets and other assets	(45,823)	(31,721)	(7,064)	(5,267)
Reversal of impairment loss on premises and equipment, intangible assets and other assets	(971)	(672)	(147)	(230)
Bargain purchase gain	(581,010)	(402,208)	0	0
Deductions of income not involving cash inflows (sub-total)	(3,939,304)	(2,727,009)	(1,751,674)	(894,676)
Changes in operating assets and liabilities:
Reinsurance contract assets	33,600	23,260	0	0
Financial instruments at FVTPL	988,108	684,025	1,594,646	(1,715,646)
Loans and other financial assets at amortized cost	(8,369,230)	(5,793,659)	(21,703,969)	(18,598,117)
Other assets	(680,841)	(471,318)	(1,254,513)	(1,264,071)
Insurance contract liabilities	(130,431)	(90,292)	0	0
Reinsurance contract liabilities	(32,097)	(22,219)	0	0
Investment contract liabilities	(104,735)	(72,504)	0	0
Deposits due to customers	13,839,807	9,580,705	3,411,535	15,176,465
Provisions	1,666	1,153	(203,770)	136,521
Net defined benefit liability	14,200	9,830	(120,782)	(172,759)
Other financial liabilities	3,640,406	2,520,097	4,806,822	2,225,382
Other liabilities	24,815	17,177	(9,173)	95,559
Changes in operating assets and liabilities (sub-total)	9,225,268	6,386,255	(13,479,204)	(4,116,666)
Cash received (paid) from operating activities:
Interest income received	20,564,072	14,235,625	22,304,745	20,416,107
Interest expense paid	(12,410,911)	(8,591,541)	(12,483,982)	(10,626,911)
Dividends received	482,764	334,197	310,341	202,257
Income tax paid	(708,996)	(490,808)	(424,770)	(1,539,605)
Cash received from operating activities (sub-total)	7,926,929	5,487,473	9,706,334	8,451,848
Net cash inflow(outflow) from operating activities	13,642,391	9,444,043	(6,129,300)	1,621,942
Cash flows from investing activities:
Net cash in-flows(out-flows) from hedging activities	(34,199)	(23,675)	0	0
Net cash in-flows(out-flows) from obtaining control	(778,468)	(538,900)	2,008	(209,643)
Net cash out-flows from losing control	0	0	0	(464)
Disposal of financial instruments at FVTPL	19,103,867	13,224,788	11,659,750	10,487,513
Acquisition of financial instruments at FVTPL	(20,087,654)	(13,905,821)	(11,111,809)	(12,167,823)
Acquisition of financial assets at FVTOCI	(43,073,556)	(29,817,975)	(31,718,677)	(24,211,531)
Disposal of financial assets at FVTOCI	35,153,473	24,335,241	26,921,313	20,648,897
Redemption of securities at amortized cost	5,900,990	4,085,002	7,634,677	8,727,124
Acquisition of securities at amortized cost	(5,312,962)	(3,677,936)	(2,586,171)	(4,244,256)
Cash outflows from changes in subsidiaries	(120,121)	(83,155)	(674,625)	(619,726)
Disposal of investments in joint ventures and associates	431,389	298,632	1,253,301	101,051
Acquisition of investments in joint ventures and associates	(757,496)	(524,382)	(979,480)	(310,239)
Disposal of investment properties	4,750	3,288	64,926	0
Acquisition of investment properties	(736)	(510)	0	(99,234)
Disposal of premises and equipment	37,626	26,047	10,730	19,001
Acquisition of premises and equipment	(325,952)	(225,643)	(221,856)	(164,696)
Disposal of intangible assets	3,344	2,315	4,596	2,513
Acquisition of intangible assets	(180,481)	(124,939)	(190,126)	(228,503)
Disposal of assets held for sale	115,094	79,675	23,909	7,156
Net increase(decrease) of other assets	40,489	28,029	(126,765)	8,719
Net cash outflow from investing activities	(9,880,603)	(6,839,919)	(34,299)	(2,254,141)
Cash flows from financing activities:
Net cash in-flows(out-flows) from hedging activities	17,231	11,928	(25,442)	23,394
Net increase(decrease) in borrowings	4,392,369	3,040,649	(3,011,120)	2,332,376
Issuance of debentures	37,210,706	25,759,376	41,067,565	31,101,841
Redemption of debentures	(31,611,225)	(21,883,095)	(35,473,345)	(34,329,491)
Redemption of lease liabilities	(251,559)	(174,144)	(238,770)	(160,673)
Net increase(decrease) of other liabilities	(41)	(28)	(17,690)	118
Acquisition of treasury stocks	(150,000)	(103,839)	(136,699)	(158,165)
Disposal of treasury stocks	0	0	4,834	23,118
Dividends paid	(927,296)	(641,927)	(878,330)	(978,376)
Issuance of hybrid securities	797,841	552,311	1,954,820	798,007
Redemption of hybrid securities	(1,541,088)	(1,066,829)	(1,726,936)	(1,100,000)
Dividends paid to hybrid securities	(250,188)	(173,194)	(234,931)	(226,785)
Dividends paid to non-controlling interest	(1,414)	(979)	(3,829)	(11,647)
Changes in non-controlling interests	0	0	(41,375)	(180,514)
Net increase in non-controlling equity liabilities	0	0	6,589	6,620
Net cash inflow(outflow) from financing activities	7,685,336	5,320,229	1,245,341	(2,860,177)
Effects of exchange rate changes on cash and cash equivalents	(228,568)	(158,228)	1,642,763	(170,154)
Net increase (decrease) in cash and cash equivalents	11,218,556	7,766,125	(3,275,495)	(3,662,530)
Cash and cash equivalents, beginning of the period	27,281,123	18,885,551	30,556,618	34,219,148
Cash and cash equivalents, end of the period	₩ 38,499,679	$ 26,651,676	₩ 27,281,123	₩ 30,556,618

Consolidated Statements Of Financial Position
$ in Thousands, ₩ in Millions

Dec. 31, 2025

KRW (₩)

Dec. 31, 2025

USD ($)

Dec. 31, 2024

KRW (₩)

ASSETS [Abstract]

Cash and cash equivalents

₩ 38,499,679

$ 26,651,676

₩ 27,281,123

Financial assets at fair value through profit or loss ("FVTPL")

34,245,475

23,706,673

25,202,672

Financial assets at fair value through other comprehensive income("FVTOCI")

83,499,522

57,803,137

43,797,745

Securities at amortized cost

18,707,459

12,950,371

19,203,177

Loans and other financial assets at amortized cost

412,495,783

^[1]

285,553,136

398,471,816

^[1]

Investments in joint ventures and associates

2,080,008

1,439,900

1,748,810

Reinsurance contract assets

620,207

429,343

Investment properties

998,854

691,464

450,788

Premises and equipment

3,780,817

2,617,297

3,370,585

Intangible assets

1,056,647

731,471

1,091,402

Assets held for sale

168,491

^[2]

116,639

73,989

^[2]

Net defined benefit asset

20,558

14,231

146,109

Current tax assets

228,229

157,994

61,613

Deferred tax assets

413,649

286,352

72,937

Derivative assets (Designated for hedging)

217,180

150,345

175,191

Other assets

4,424,728

3,063,050

4,605,363

Total assets

601,457,286

416,363,079

525,753,320

LIABILITIES [Abstract]

Financial liabilities at fair value through profit or loss ("FVTPL")

6,356,934

4,400,633

9,896,597

Deposits due to customers

376,580,845

260,690,765

366,821,156

Borrowings

34,183,267

23,663,609

30,117,031

Debentures

55,583,392

38,477,998

48,207,103

Insurance contract liabilities

45,573,864

31,548,831

Reinsurance contract liabilities

184,792

127,924

Investment contract liabilities

3,433,611

2,376,942

Provisions

790,733

547,391

611,428

Net defined benefit liability

115,091

79,673

5,424

Current tax liabilities

723,368

500,757

127,126

Deferred tax liabilities

504,828

349,471

858,822

Derivative liabilities (Designated for hedging)

615,361

425,987

102,815

Other financial liabilities

38,118,058

26,387,495

32,314,051

Other liabilities

833,894

577,268

796,498

Total liabilities

563,598,038

390,154,744

489,858,051

EQUITY

Shareholders' equity

36,017,339

24,933,260

34,096,836

Capital stock

3,802,676

2,632,429

3,802,676

Hybrid securities

3,710,498

2,568,619

3,810,435

Capital surplus

933,436

646,178

934,100

Other equity

(1,219,327)

(844,088)

(1,400,885)

Retained earnings

28,790,056

^[3],[4]

19,930,122

26,950,510

^[3],[4]

Non-controlling interests

1,841,909

^[5],[6]

1,275,075

1,798,433

^[5],[6]

Total equity

37,859,248

26,208,335

35,895,269

Total liabilities and equity

₩ 601,457,286

$ 416,363,079

₩ 525,753,320

[1]	Cash and cash equivalents are not included
[2]	The Group classifies assets as held for sale that are highly likely to be sold within one year from December 31, 2024 and December 31, 2025.
[3]	The earned surplus reserve in retained earnings amounted to 442,650 million Won and 554,990 million Won as of December 31, 2024 and 2025 in accordance with the Article 53 of the Financial Holding Company Act.
[4]	The regulatory reserve for credit losses in retained earnings amounted to 2,392,542 million Won and 2,678,017 million Won as of December 31, 2024 and 2025, respectively in accordance with the relevant article.
[5]	10,995 million Won of dividends for the hybrid securities issued by Tongyang Life Insurance Co., Ltd. are allocated to net profit and loss of the non-controlling interests for the year ended December 31, 2025.
[6]	The hybrid securities issued by Woori Bank amounting to 1,645,947 million Won and 1,406,513 million Won as of December 31, 2024 and 2025, respectively, are recognized as non-controlling interests. 76,249 million Won and 89,134 million Won of dividends for the hybrid securities issued by Woori Bank are allocated to net profit and loss of the non-controlling interests for the years ended December 31, 2024 and 2025, respectively.