Woori Financial Group Inc. (WF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. I am Han Hong-sung, the head of IR at URI Financial Group. Let me first begin by thanking everyone for taking time to participate on this earnings call for the URI Financial Group. On today's call, we have the Group CFO, Kwak Sung-min, the Group CDO, Ok Il-jin, and the Group CRO, Park Jang-geun. We will first start with the Group CFO Kwak Sung Min's presentation on the earnings performance, and then also present the Corporate Value Enhancement Plan, after which we will have a Q&A session. Please note that the call is being conducted with simultaneous interpretation for our overseas investors. Now let us start our presentation on the earnings for the full year of 2025. Good afternoon. This is Kwak Sung Min, the CFO of Uri Financial Group. Let me go over the 2025 full-year performance. Please turn to page 2 of the material, which is available on our website. The group's 2025 net income was $3,141.3 billion, representing a YOY increase of 1.8%. The ROE was similar to last year at 9.1%. Amid uncertainties in the financial market regarding interest rates and effects rates and concern about a slowdown, balanced top-line growth and the insurance acquisition enabled the group to achieve a record high net operating revenue and stable profits. In particular, we set sizable reserves for future loss factors, including pre-op projects with completion guarantee of trust company, and addressed uncertainties such as fully provisioning against LTV-related fines, further solidifying the group fundamentals. In addition, we completed the insurance acquisition without any negative impact on our capital ratios and established a growth foundation for the securities business by acquiring the final license and launching MTS Group, completing the portfolio as a comprehensive f...