UBS profit surges 56% in Q4 2025

UBS reported a nett net attributable to shareholders of $1.2bn successful the 4th fourth of 2025 (Q4 2025), up 56% year-on-year.

The Swiss bank’s nett earlier taxation (PBT) stood astatine $1.7bn successful the 4th nether review, an summation of 62% from the erstwhile year.

Group invested assets surpassed $7tn for the archetypal time, reflecting a 15% yearly increase, supported by marketplace gains, currency movements, and nett plus inflows.

Global Wealth Management (GWM) recorded $101bn successful nett caller assets implicit the year, with notable inflows successful APAC, EMEA, and Switzerland offsetting outflows successful the Americas.

Fourth-quarter radical revenues roseate by 4% to $12.1bn portion operating expenses declined somewhat by 1% to $10.2bn.

In concern enactment performance, GWM revenues accrued by 9% to $6.7bn owed to higher interest and transaction income.

Personal & Corporate Banking saw full revenues autumn by 8% to SFr 1.8bn ($2.3bn) amid reduced nett involvement income and a nonaccomplishment linked to an subordinate investment.

Asset Management posted a 4% summation successful revenues to $800m contempt little show fees and reported a nonaccomplishment from the merchantability of the O’Connor business.

Investment Bank revenues grew by 7% to $2.95bn owing mostly to planetary markets activity.

On a full-year basis, UBS reported nett earlier taxation of $8.9bn and underlying PBT of $11.7bn, rising 30% and 33%, respectively.

Net nett attributable to shareholders grew by 53% to $7.8bn; diluted EPS for the twelvemonth was $2.36, up 55%.

RoCET1 for the twelvemonth accrued to 10.8%, with underlying RoCET1 reaching 13.7%.

The slope made important headway integrating Credit Suisse’s operations, completing astir 85% of lawsuit relationship migrations successful Switzerland and progressing with relationship transfers successful different divisions.

Efforts besides continued successful reducing non-core activities and simplifying the ineligible structure.

UBS plans to decorativeness migrating remaining accounts successful aboriginal 2026 and aims to discontinue bequest Credit Suisse IT systems by year-end.

These actions are expected to lend to further targeted outgo savings of $2.8bn successful 2026.

Guidance for the aboriginal portion of 2026 suggests a debased single-digit percent diminution successful nett involvement income for GWM and unchangeable levels for Personal & Corporate Banking successful dollar terms.

Targets for 2028 see an approximate instrumentality connected CET1 superior of 18% and a cost/income ratio astir 67%.

Last month, the slope expressed concerns regarding projected increases to Swiss banking superior requirements pursuing Credit Suisse’s collapse, informing these could pb to higher costs and impact the home economy.

It was besides reported that CEO Sergio Ermotti is preparing for a departure from his relation by April 2027.