UBS Group AG reported a pre-tax profit of USD 2.8 billion for the third quarter of 2025, with underlying pre-tax profit reaching USD 3.6 billion. The bank posted a net profit of USD 2.5 billion, and its return on common equity tier 1 (RoCET1) was 13.5%, while the underlying RoCET1 stood at 16.3%. Core businesses showed strong performance, with underlying pre-tax profit rising by 28% year-on-year, or by 19% when excluding litigation impacts.
The group saw positive client activity during the quarter, as invested assets grew by 4% sequentially to USD 6.9 trillion. Global Wealth Management attracted net new assets of USD 38 billion in the quarter, bringing the year-to-date total to USD 92 billion. Asset Management surpassed USD 2 trillion in invested assets after recording USD 18 billion in net new money for the period.
UBS benefited from robust trading and deal-making conditions. On an underlying basis, transaction-based income in Global Wealth Management increased by 11% compared to the same period last year. Global Banking achieved a record third quarter with income up by 52% year-on-year, while Global Markets income rose by 14%.
The integration process continued to advance, with over two-thirds of Swiss-booked client accounts already migrated and Asset Management integration largely completed. UBS delivered an additional USD 0.9 billion in exit rate gross cost savings during the quarter, bringing cumulative reductions to USD 10 billion—one quarter ahead of schedule—which represents about three-quarters of its targeted gross savings through end-2026.
UBS stated: "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." The bank granted or renewed around CHF 40 billion in loans during the quarter.
Progress was also made on winding down non-core and legacy operations as well as resolving litigation matters related to both UBS and Credit Suisse. Active position exits contributed to a reduction of risk-weighted assets by USD 1.9 billion sequentially, lowering them to USD 30.7 billion for this segment; legal resolutions led to net litigation reserve releases totaling USD 668 million.
The balance sheet remained solid with a CET1 capital ratio at 14.8% and a CET1 leverage ratio at 4.6%. UBS continued executing its capital return plans, completing share buybacks worth USD 1.1 billion in the third quarter and planning up to another USD 0.9 billion for the fourth quarter—on track toward reaching its target of USD 3 billion in repurchases for full-year 2025—and continued accruing for double-digit dividend growth.