UBS Group AG reported a profit before tax (PBT) of USD 2.2 billion for the second quarter of 2025, with underlying PBT reaching USD 2.7 billion. The bank's net profit stood at USD 2.4 billion, while its return on common equity tier 1 capital (RoCET1) was 13.5%, and underlying RoCET1 was 15.3%. Core businesses posted a combined underlying PBT increase of 25% compared to the same period last year.
For the first half of 2025, UBS achieved a PBT of USD 4.3 billion and an underlying PBT of USD 5.3 billion, with net profit totaling USD 4.1 billion. The group's RoCET1 for this period was reported at 11.6%, with an underlying figure of 13.3%.
The company noted continued client momentum amid market volatility, contributing to growth in group invested assets. Global Wealth Management recorded net new assets of USD 54.8 billion in the first half of the year. Transaction-based income for Global Wealth Management increased by 12% year-over-year in the second quarter, while Global Markets delivered its best second quarter ever, with revenues up by 25% year-over-year due to record balances and prime brokerage revenues.
UBS stated that integration efforts are progressing as planned, with one-third of client accounts booked in Switzerland now migrated to new systems. The company reported further gross cost savings at an exit rate of USD 0.7 billion during the quarter, bringing cumulative cost reductions to USD 9.1 billion—about 70% of its targeted total gross savings.
In its Non-core and Legacy unit, UBS reduced risk-weighted assets by USD 1.5 billion sequentially to reach USD 32.7 billion and continued simplifying its legal entity structure.
The group maintained a strong capital position throughout the reporting period, holding a common equity tier one (CET1) capital ratio of 14.4% and a CET1 leverage ratio of 4.4%. UBS indicated that ongoing capital generation is supporting both strategic investments and sustainable shareholder returns.
As part of its capital return plans for this year, UBS completed share buybacks worth USD 0.5 billion and aims to repurchase up to an additional USD 2 billion in the year's second half while continuing to accrue for double-digit dividend growth.
UBS described itself as "a reliable partner for the Swiss economy," stating: "We are staying close to private clients and businesses with our balance sheet for all seasons and leading credit offering." During the quarter, UBS granted or renewed approximately CHF 40 billion in loans.