Woori Q3 attributable net profit falls 15.7% to ₩1,049bn as operating profit rises 43.6%

Woori Financial Group reported preliminary consolidated net profit attributable to owners of ₩1,049.2bn for the third quarter of 2026, down 15.7% from ₩1,243.9bn a year earlier and up 4.4% from ₩1,004.6bn in the second quarter, its DART filing of 23 October 2026 shows. Operating profit rose 43.6% year on year to ₩1,419.0bn from ₩988.0bn, but pre-tax profit fell 6.9% to ₩1,423.2bn from ₩1,529.1bn. For the nine months to September, attributable net profit was ₩2,658.1bn, down 4.9% from ₩2,795.9bn. The figures follow K-IFRS and have not been reviewed by the external auditor, the filing says.

Pre-tax profit exceeded operating profit by ₩4.3bn in the third quarter of 2026, against ₩541.0bn a year earlier, the filing shows; in the presentation's income statement, non-operating income is the line between the two. In the third quarter, the presentation's net operating revenue was ₩2,958bn, against ₩2,965bn in the second quarter and ₩2,774bn a year earlier; it differs from the filing's broader operating revenue of ₩13,300.7bn. Separately, the presentation says nine-month attributable net profit rose 18.7% year on year when the 2025 figure excludes ₩556bn of insurance acquisition effects, which it describes as an insurance bargain purchase gain; on that basis the 2025 comparison falls to ₩2,240bn. That adjusted figure is company-defined, not a K-IFRS line.

Hana Financial Group's preliminary third-quarter attributable net profit, filed on DART the same day, rose 7.9% from a year earlier. At Woori, its wholly owned subsidiary Woori Bank reported consolidated third-quarter net profit attributable to owners of ₩1,027.6bn, up 39.7% from ₩735.6bn a year earlier, according to the Form 6-K. Its result does not include the group's other units.

The total for the ₩220-per-share quarterly dividend, about ₩161.3bn, may change with the record-date share count because of treasury share purchases under a trust agreement disclosed in July, the dividend filing says. The dividend is paid from funds converted into retained earnings through a reduction of capital reserve, so it is not taxable dividend income under Korean tax law, the company said; for certain large resident shareholders, it is excluded from dividend income only up to the book value of their shares. The presentation puts the group's estimated CET1 ratio at 13.80% at end-September, against 13.72% at end-June.