1. What Happened in H1 2025?

Woori Financial Group released its semi-annual report on August 14, 2025, announcing its H1 earnings and the official launch as a comprehensive financial group. The integration of Woori Investment & Securities, Tongyang Life Insurance, and ABL Life Insurance has completed their portfolio across banking, securities, and insurance.

2. Q2 2025 Earnings by the Numbers (Compared to Q1)

  • Revenue: KRW 51,146 billion (Decrease)
  • Operating Profit: KRW 11,084 billion (Increase, -4% below market expectations)
  • Net Profit: KRW 9,397 billion (Increase, +9% above market expectations)

While revenue decreased, both operating and net profit saw growth, demonstrating a robust financial performance. Notably, net profit significantly surpassed market expectations.

3. Why These Results?

Positive Factors: Asset rebalancing and growth in non-interest income drove the increase in net profit. Synergies from the formation of the comprehensive financial group are also anticipated.

Negative Factors: Increased investment in digital and IT initiatives led to higher SG&A expenses, impacting operating profit.

4. What’s Next?

The transition to a comprehensive financial group is expected to provide long-term growth momentum. However, macroeconomic uncertainties, increased competition, and interest rate volatility pose potential risks.

5. What Should Investors Do?

In the short term, investors should closely monitor market conditions and the company’s earnings announcements. For the long term, focus on the potential for increased corporate value through synergy creation, growth in non-interest income, and accelerated digital transformation.