**Summary**
UBS Group AG reported strong financial results for the fourth quarter (4Q25) and full year 2025 (FY25), highlighting successful integration progress with Credit Suisse, robust client momentum, and strategic investments in technology and talent. Key highlights include
1. **Financial Performance**
**4Q25** Net profit of USD 1.2 billion, up 56% year-over-year (YoY). Return on CET1 capital (RoCET1) of 6.6%, with underlying RoCET1 at 11.9%.
**FY25** Net profit of USD 7.8 billion, up 53% YoY. RoCET1 of 10.8%, with underlying RoCET1 at 13.7%.
Group invested assets exceeded USD 7 trillion for the first time, up 15% YoY.
2. **Integration Progress**
Successfully migrated ~85% of Swiss-booked accounts onto UBS systems.
Achieved cumulative cost reductions of USD 10.7 billion, ahead of FY25 guidance.
Increased synergy targets by USD 0.5 billion to USD 13.5 billion.
3. **Strategic Initiatives**
Continued investments in AI and digital transformation to enhance operational resilience, client experience, and efficiency.
Expanded offerings in high-net-worthalternativesand banking sectors.
4. **Capital Returns**
Increased dividend by 22% YoY to USD 1.10 per share.
Completed USD 3 billion share repurchase plan in FY25 and plans to repurchase USD 3 billion in 2026.
5. **Future Ambitions**
Set 2028 targets~18% RoCET1 and ~67% cost/income ratio.
Focus on sustainable growthefficiency gainsand deepening client relationships.
6. **Sustainability and Impact**
Supported clients in transitioning to a low-carbon economy and launched green initiatives, such as the first green equity IPO in APAC.
UBS remains confident in achieving its 2026 exit-rate targets and long-term ambitions, driven by its diversified franchise, strong capital position, and strategic focus on innovation and client-centric growth.