Woori Financial Reports 1H26 Net Income of KRW 1.67T, Up 4.5% YoY; Tongyang Life Fully Integrated

summarizeSummary

Woori Financial Group posted first-half 2026 net income of KRW 1,665.9 billion, up 4.5% YoY, and completed the full integration of Tongyang Life Insurance, adding 8.7 million shares.

check_boxKey Events · Earnings and Guidance · WF

• 1H26 Net Income Rises 4.5% YoY

  Consolidated net income reached KRW 1,665.9 billion for the first half of 2026, up from KRW 1,594.3 billion a year earlier. Operating income grew 7.4% to KRW 2,123.8 billion.

• Tongyang Life Fully Integrated

  Tongyang Life Insurance became a wholly-owned subsidiary on August 11, 2026, with 8,696,875 new Woori shares issued, increasing total issued shares to 760.5 million.

• Land Revaluation Boosts Equity

  A revaluation of land added KRW 1,794.9 billion to other comprehensive income, lifting total equity to KRW 40.9 trillion and improving the BIS capital ratio to 16.59% from 16.12%.

• Dividend and Buyback Continue

  The board declared a KRW 220 per share quarterly dividend payable August 31, 2026, and approved a KRW 150 billion treasury share buyback and retirement program running through January 2027.

auto_awesomeAnalysis · WF · Finance

Woori Financial Group's first-half 2026 results show solid but slowing growth: net income rose 4.5% year-over-year to KRW 1,665.9 billion, driven by a 7.4% increase in operating income. The integration of Tongyang Life Insurance as a wholly-owned subsidiary on August 11, 2026 adds 8.7 million new shares, a modest dilution of about 1.2%. A large land revaluation surplus of KRW 1,794.9 billion boosted other comprehensive income and equity, improving the BIS capital ratio to 16.59%. The results confirm the group's stable earnings power and capital strength, though the pace of profit growth has moderated from prior quarters.