UBS's third-quarter 2025 results

Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

3Q25 PBT of USD 2.8bn and underlying¹ PBT of USD 3.6bn, net profit of USD 2.5bn, RoCET1 of 13.5% and underlying RoCET1 of 16.3%. Core businesses² underlying PBT up by 28% YoY, or 19% excluding litigation

Strong client momentum with quarterly asset inflows supporting 4% sequential growth in Group invested assets to USD 6.9trn. Global Wealth Management net new assets of USD 38bn driving year-to-date NNA of USD 92bn. Asset Management invested assets passed the USD 2trn mark helped by USD 18bn in net new money in 3Q25

Strong trading and deal activity leveraging favorable environment. On underlying basis Global Wealth Management 3Q25 transaction-based income up 11% YoY, record third quarter for both Global Banking, up 52% YoY, and Global Markets, up 14% YoY

Excellent progress on integration with over two-thirds of Swiss-booked client accounts already migrated; substantially completed the integration of Asset Management. Delivered further USD 0.9bn in exit rate gross cost saves in the quarter bringing cumulative cost reductions to USD 10bn, one quarter ahead of schedule. This represents 77% of the USD ~13bn in expected gross saves by end-2026

Reliable partner for the Swiss economy, staying close to private clients and businesses. We are supporting them with our leading credit offering and unique global capabilities and footprint. Granted or renewed around CHF 40bn of loans during the quarter

Progress on Non-core and Legacy wind-downand litigation; active position exits contributing to a USD 1.9bn sequential reduction in risk-weighted assets to USD 30.7bn. Resolution of legacy UBS and Credit Suisse legal matters leading to Group net litigation reserve releases of USD 668m

Balance sheet for all seasons with 14.8% CET1 capital ratio, 4.6% CET1 leverage ratio, and continued execution on our capital return plans. Completed USD 1.1bn in share buybacks in 3Q25. With up to USD 0.9bn in repurchases planned for 4Q25 we are set to reach the USD 3bn total for 2025. Continued accruing for a double-digit growth in dividend

Positioning for long-term growth by investing strategically and executing on our plans. Submitted National Bank Charter application in the US. Sustained investments in Gen AI drive its usage and adoption across the firm. Continuing to contribute to the ongoing political process on banking regulation in Switzerland

Information in this news release is presented for UBS Group AG on a consolidated basis unless otherwise specified.
¹Underlying results exclude items of profit or loss that management believes are not representative of the underlying performance. Underlying results are a non-GAAP financial measure and alternative performance measure (APM). Refer to “Group Performance” and “Appendix-Alternative Performance Measures” in the financial report for the third quarter of 2025 for a reconciliation of underlying to reported results and definitions of the APMs.
²Includes Global Wealth Management, Personal & Corporate Banking, Asset Management, the Investment Bank, and Group Items.