Q4 2025 UBS Group AG Earnings Call Transcript

Feb 4, 2026 / 08:00 AM GMT

Release Date Price: €38.15 (-5.87%)

Transcript

Key Points

Positve

UBS Group AG (UBS) reported a strong financial performance with a net profit of $7.8 billion for the full year 2025, up 53% year over year.
The company achieved a 62% year-over-year increase in underlying pre-tax profit for the fourth quarter, driven by revenue momentum and cost discipline.
Global Wealth Management (GWM) delivered a pre-tax profit of $1.6 billion in the fourth quarter, with invested assets reaching $4.8 trillion.
UBS Group AG (UBS) successfully reduced its risk-weighted assets by $26 billion, enhancing its capital efficiency.
The company is on track to achieve its 2026 exit rate targets, including a 15% underlying return on CET1 capital and a cost-income ratio below 70%.

Negative

UBS Group AG (UBS) faced net negative adjustments of $54 million in revenues due to a net loss from the buyback of legacy Credit Suisse debt instruments.
Integration-related expenses were high at $1.1 billion, reflecting the ongoing Swiss client account migration.
The company's CET1 capital ratio decreased to 14.4%, closer to its target but lower sequentially.
Net new assets in the Americas saw outflows of $14 billion, primarily due to net recruiting-related impacts.
The Personal and Corporate Banking division experienced a 5% decline in pre-tax profit due to lower interest rates impacting net interest income.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UBSG.S - UBS Group AG
Q4 2025 UBS Group AG Earnings Call
Feb 04, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome everyone. Before we start, I would like to draw your attention to our cautionary statement slide at the back of today's results presentation.

Please also refer to the risk factors included in our annual report, together with additional disclosures in our SEC filings.

Throughout our remarks, we will refer to underlying results in US dollars and make year over year comparisons, unless stated otherwise.

On slide 2, you can see our agenda for today.

Todd will first cover 4th quarter and full year results. Then Sergio and Todd will take you through our investor update before moving to Q&A.

It's now my pleasure to hand over to Todd Totner, Group CFO.

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