\n
UBS reported a net profit attributable to shareholders of $1.2bn in the fourth quarter of 2025 (Q4 2025), up 56% year-on-year.<\/p>\n
The Swiss bank\u2019s profit before tax (PBT) stood at $1.7bn in the quarter under review, an increase of 62% from the previous year.<\/p>\n
Group invested assets surpassed $7tn for the first time, reflecting a 15% annual increase, supported by market gains, currency movements, and net asset inflows.<\/p>\n
Global Wealth Management (GWM) recorded $101bn in net new assets over the year, with notable inflows in APAC, EMEA, and Switzerland offsetting outflows in the Americas.<\/p>\n
Fourth-quarter group revenues rose by 4% to $12.1bn while operating expenses declined slightly by 1% to $10.2bn.<\/p>\n
In business line performance, GWM revenues increased by 9% to $6.7bn due to higher fee and transaction income.<\/p>\n
Personal & Corporate Banking saw total revenues fall by 8% to SFr 1.8bn ($2.3bn) amid reduced net interest income and a loss linked to an associate investment.<\/p>\n
Asset Management posted a 4% increase in revenues to $800m despite lower performance fees and reported a loss from the sale of the O\u2019Connor business.<\/p>\n
Investment Bank revenues grew by 7% to $2.95bn owing largely to global markets activity.<\/p>\n
On a full-year basis, UBS reported profit before tax of $8.9bn and underlying PBT of $11.7bn, rising 30% and 33%, respectively.<\/p>\n
Net profit attributable to shareholders grew by 53% to $7.8bn; diluted EPS for the year was $2.36, up 55%.<\/p>\n
RoCET1 for the year increased to 10.8%, with underlying RoCET1 reaching 13.7%.<\/p>\n
The bank made significant headway integrating Credit Suisse\u2019s operations, completing about 85% of client account migrations in Switzerland and progressing with account transfers in other divisions.<\/p>\n
Efforts also continued in reducing non-core activities and simplifying the legal structure.<\/p>\n
UBS plans to finish migrating remaining accounts in early 2026 and aims to retire legacy Credit Suisse IT systems by year-end.<\/p>\n
These actions are expected to contribute to further targeted cost savings of $2.8bn in 2026.<\/p>\n
Guidance for the early part of 2026 suggests a low single-digit percentage decline in net interest income for GWM and stable levels for Personal & Corporate Banking in dollar terms.<\/p>\n
Targets for 2028 include an approximate return on CET1 capital of 18% and a cost\/income ratio around 67%.<\/p>\n
Last month, the bank expressed concerns regarding proposed increases to Swiss banking capital requirements following Credit Suisse\u2019s collapse, warning these could lead to higher costs and affect the domestic economy.<\/p>\n
It was also reported that CEO Sergio Ermotti is preparing for a departure from his role by April 2027.<\/p>\n<\/p><\/div>\n
\n
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