UBS Group SEC Filings

UBS Group AG filed a Form 13F Combination Report, disclosing institutional equity positions reported in coordination with other managers. The filing lists a Form 13F Information Table Value Total of $638,366,556,794 and 22,854 information table entries.

The report identifies 12 other included managers and names additional reporting managers, including UBS AM, a distinct business unit of UBS Asset Management Americas LLC and OCONNOR, a Distinct Business Unit of UBS Asset Management Americas (LLC). The submission was signed by Andrew Johnson, Head Group Shareholding Reporting.

UBS Group AG and UBS AG announced pricing terms for seven concurrent cash tender offers to purchase outstanding notes, setting reference yields and the per‑security Total Consideration as of 10:00 a.m. ET on November 5, 2025. The program is subject to a Maximum Purchase Consideration of $4,000,000,000, excluding accrued interest, and uses acceptance priority levels if that cap is reached.

The offers expire at 5:00 p.m. ET on November 5, 2025, with guaranteed delivery accepted until 5:00 p.m. ET on November 7, 2025. Initial settlement is expected on November 7, 2025, and guaranteed delivery settlement on November 10, 2025. Holders whose notes are accepted will also receive accrued and unpaid interest to, but excluding, the Initial Settlement Date.

Illustrative Total Consideration per 1,000 principal: $1,079.51 for 7.500% Senior Notes due 2028; $1,276.11 for 9.016% FRN Senior Callable Notes due 2033; €1,113.45 for 7.750% Fixed Rate Reset Senior Callable Notes due 2029.

UBS Group AG furnished its 30 September 2025 Pillar 3 report, detailing stronger capital and liquidity metrics for the quarter. CET1 capital rose to USD 74.7bn with a CET1 ratio of 14.79%, while Tier 1 capital increased to USD 95.0bn. Risk‑weighted assets were USD 504.9bn and the leverage ratio improved to 5.79% on an LRD of USD 1,640.5bn. Available TLAC increased to USD 199.3bn.

Liquidity remained robust: the average LCR was 182.12% with HQLA averaging USD 346.6bn, and the NSFR was 119.68%. Capital movements included operating profit before tax of USD 2.8bn, AT1 issuance equivalent to USD 2.8bn and a USD 1.6bn AT1 call; share repurchases of USD 1.1bn did not materially affect CET1 due to reserve adjustments.

Switzerland is consulting on capital reforms that, if implemented as proposed, would require around USD 24bn additional CET1 at UBS AG, with total incremental CET1 of around USD 39bn when including acquisition‑related requirements; phase‑ins would start no earlier than 2028. FINMA’s 2025 resolution report assessed UBS as resolvable under its preferred bail‑in strategy and called for further development of the Swiss emergency plan.

UBS Group AG reported a strong third quarter. Reported net profit was 2.5 billion, up 74%, with earnings per share of 76 cents. Underlying pre-tax profit rose to 3.6 billion, up 50% on 5% revenue growth, driving a 16.3% return on CET1 capital, or 12.7% excluding litigation releases of 668 million. The CET1 capital ratio improved to 14.8%, while liquidity remained robust with a 120% NSFR and 182% LCR. Tangible book value per share increased 2% to $26.54.

UBS reached 10 billion in gross run-rate cost saves, one quarter ahead of plan, and remains on track toward ~13 billion by 2026. Group invested assets approached 7 trillion. Global Wealth Management invested assets were 4.7 trillion, with net new assets of 38 billion, including 38 billion from APAC; the Americas saw negative 9 billion amid advisor movement tied to last year’s structural changes. The Investment Bank delivered pre-tax profit of 787 million, with revenues up 23% to 3 billion. Asset Management pre-tax profit rose 19% and invested assets surpassed 2 trillion.

Total assets were 1.6 trillion; loans were 666 billion, 92% secured, with mortgages at 58% and average LTV around 50%. UBS applied for a U.S. national bank charter, with approval expected in 2026. Integration advanced, with over 700,000 Swiss client accounts migrated and completion targeted by the end of the first quarter next year.

UBS Group AG furnished a report listing its consolidated capital instruments and TLAC-eligible senior unsecured debt under the Swiss systemically relevant bank framework as of 30 September 2025.

The disclosure shows additional tier 1 capital of USD 20,296 million and TLAC-eligible senior unsecured debt of USD 104,379 million. Total tier 2 capital is 0. Additional tier 1 instruments are perpetual with stated first call dates, while TLAC-eligible senior unsecured debt spans multiple currencies and maturities. Instruments available to meet gone concern requirements remain eligible until one year before maturity.

UBS also notes that on 12 June 2023, Credit Suisse Group AG merged into UBS Group AG and obligations under its outstanding debt securities became obligations of UBS Group AG.

UBS Group AG submitted a Form 6-K presenting its consolidated capitalization under IFRS. As of 30 September 2025 (USD m), short-term debt issued was 85,206, long-term debt issued was 247,317 (including 17,919 eligible as high-trigger AT1 and 196 eligible as non-Basel III tier 2), for total debt issued of 332,523. Equity attributable to shareholders was 89,899 and equity attributable to non-controlling interests was 305, resulting in total capitalization of 422,727.

Comparatively, as of 30 June 2025 (USD m), total capitalization was 427,931 with short-term debt of 97,241 and long-term debt of 240,990. The filing notes that 87% of total debt issued was unsecured as of 30 September 2025. This report is incorporated by reference into UBS’s outstanding Form S‑8 registration statements and related prospectuses.

UBS Group AG reported stronger Q3 2025 results. Total revenues were USD 12,760m and net profit attributable to shareholders was USD 2,481m, with diluted EPS of USD 0.76. Return on equity was 11.1% and the cost/income ratio improved to 77.0%. On an underlying basis, return on tangible equity reached 14.6% as integration benefits flowed through.

Balance sheet and capital stayed solid. The CET1 capital ratio rose to 14.8% on CET1 capital of USD 74.7bn, while risk‑weighted assets were USD 504.9bn. Invested assets climbed to USD 6.91trn. UBS realized an additional USD 0.9bn of gross cost savings in the quarter, taking cumulative gross savings to USD 10bn toward a ~USD 13bn 2026 target, and reduced Non‑core & Legacy RWA by 64% since Q2 2023.

Regulatory and legal updates featured prominently. Swiss proposals would, if implemented as outlined, imply around USD 24bn additional CET1 at UBS AG on a pro‑forma basis, with UBS indicating a consolidated CET1 ratio around 19% before further proposed deductions that would reduce it to around 17%. UBS resolved legacy items, including a USD 300m DOJ payment (RMBS) and French penalties of EUR 730m plus EUR 105m, supported by provision releases. The Fed cut the SCB for UBS Americas Holding LLC to 5.2%, for a total CET1 requirement of 9.7%.

UBS Group AG announced forthcoming leadership changes across its Board and Group Executive Board. Vice Chairman Lukas Gähwiler will not stand for re-election at the AGM in April 2026 after a 45-year career. Markus Ronner, currently Group Chief Compliance and Governance Officer, will be nominated as Vice Chairman at that AGM.

Effective January 1, 2026, Michelle Bereaux will become Group Head Compliance and Operational Risk Control; Beatriz Martin will take on the role of Group Chief Operating Officer while continuing as President EMEA; and Mike Dargan will focus on evolving technology platforms and innovation. Governmental and Regulatory Affairs will move under CFO Todd Tuckner, and Group Security will transition to HR and Corporate Services led by Stefan Seiler.

UBS reports continued progress on the Credit Suisse integration, including completed client migrations outside Switzerland and the transfer of about two thirds of clients in Switzerland, and remains on track to complete by the end of 2026.