UBS generated a net profit of 1.2 billion dollars in the fourth quarter of 2025 and 7.8 billion dollars for the full financial year. This is according to figures presented on Wednesday. 

The Swiss major bank thus performed significantly better than analysts had expected and is once again operating at a level seen before the start of the Credit Suisse integration process. Net profit in the final quarter of 2025 was 56 percent higher year-on-year, while full-year net profit increased by 53 percent. UBS CEO Sergio Ermotti described the result as an «excellent performance».

Shareholders are also set to benefit. At the upcoming Annual General Meeting, UBS will propose an increase in the dividend to 1.10 dollars per share, an increase of 22 percent compared with the previous year.

Assets under Management at Record Level

2025 was marked by strong client momentum: the Group’s assets under management rose by 15 percent year-on-year, surpassing the 7 trillion dollar mark for the first time. Net new assets in Global Wealth Management, a key division for UBS, amounted to 101 billion dollars in 2025 (+2.4 percent).

The main growth drivers were APAC, EMEA and Switzerland, while the Americas region recorded weaker performance.

In Asset Management, net new money inflows totaled 30.4 billion dollars (+1.7 percent).

Switzerland: 80 Billion Swiss Francs in Loans

In the Swiss business, which UBS reports under Personal & Corporate Banking, the bank was affected by low interest rates: total income declined by 153 million Swiss francs (-8 percent) to 1.83 billion francs. Total income for the fourth quarter of 2025 included a loss of 43 million francs related to an equity stake in SIX.

In 2025, UBS newly granted or renewed loans in Switzerland totaling 80 billion francs.

UBS Accelerates Integration Process

UBS made further progress in the integration process. Around 85 percent of accounts booked in Switzerland have now been successfully migrated to the UBS platform, the bank said. The migration process in Personal & Corporate Banking and the integration in Asset Management are «largely completed», according to UBS. In the first quarter of 2026, the bank aims to complete the transfer of client and fund accounts as well as custody accounts.

As UBS further announced, 71,000 servers were decommissioned as part of the integration process, and three additional data centers were closed in the fourth quarter; in total, ten data centers have now been shut down.

The wind-down of Non-core and Legacy continued to progress in 2025. Risk-weighted assets were reduced to 28.8 billion dollars.

A further 0.7 billion dollars was saved in the fourth quarter. In total, cost reductions now amount to 10.7 billion dollars, exceeding the target of 10 billion dollars. At the same time, the bank announced that it has identified additional cost-saving potential of 0.5 billion dollars, bringing the total to 13.5 billion dollars.

Further Share Buybacks Planned

UBS is targeting a Common Equity Tier 1 (CET1) ratio of 14.4 percent and a CET1 leverage ratio of 4.4 percent. By 2028, the bank aims to achieve a return on CET1 (RoCET1) of 18 percent and a cost-income ratio of 67 percent. At the same time, UBS plans further share buybacks. Buybacks of 3 billion dollars are fixed for this year, at least 2 billion dollars of which are planned for the first half of the year.