Q3 2025 Woori Financial Group Inc Earnings Call Transcript
Key Points
- Woori Financial Group Inc (WF) reported a year-to-date net income increase of 5.1%, reaching KRW2.7964 trillion, with a significant quarterly increase of KRW300 billion.
- The group's NIM improved for the third consecutive quarter, driven by asset rebalancing and optimized funding strategies.
- Fee income reached an all-time high due to stronger marketing capabilities from key subsidiaries, such as the credit card and capital business.
- The acquisition of an insurance business diversified the group's profit structure and contributed to noninterest income growth.
- The group's CET1 ratio improved to 12.92%, surpassing the 2025 year-end target of 12.5%, demonstrating strong capital management capabilities.
- The group's SG&A expenses increased by 3.2% from the previous quarter, impacting the cost-to-income ratio, which stood at 43.1%.
- Credit costs rose by 13.1% from the previous quarter, driven by provisions associated with completion guarantee projects and other one-off items.
- The weaker won against the US dollar led to a 7-basis-point decline in the CET1 ratio, although the overall capital ratio increased.
- Despite the insurance acquisition, the group's capital ratios were impacted by exchange rate volatility and potential regulatory fines.
- The group's noninterest income faced challenges due to a decline in foreign exchange rate gains, although it was offset by robust fee income.
Good afternoon. I am Han Hong Seong, Head of IR at Woori Financial Group. Let me first begin by thanking everyone for taking time to participate in this earnings call for Woori Financial Group.
On today's call, we have the Group CFO, Lee Sung-Wook; Group CDO, Oak Il-Jin; and the group's Risk Management division, Senior General Manager, [Park Yeonho], on the call.
On today's call, the group CFO, Lee Sung-Wook, will give a presentation on the earnings performance. After which, we will have a Q&A session. Please note that the earnings call is being conducted with simultaneous interpretation for our overseas investors.
Now, let us start our presentation on Woori Financial Group's earnings for the third quarter of 2025.
Good afternoon. This is Lee Sung-Wook, the CFO of Woori Financial Group. Let me go over the third-quarter performance for 2025. I do have a cold, so please understand if
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
