UBS has reported a net profit attributable to shareholders of $2.4bn for the third quarter of 2025 (Q3), representing a 74% increase year on year (YoY).
The results included $668m of released litigation reserves, which largely stemmed from settling legal issues related to Credit Suisse’s Residential Mortgage-Backed Securities (RMBS) operations and previous UBS cross-border activities in France.
Last month, UBS agreed to pay €730m in fines and €105m in civil damages to resolve allegations with French authorities over illegal client solicitation and money laundering tied to cross-border business between 2004 and 2012.
The company’s profit before tax (PBT) stood at $2.8bn, up 47% year on year, while underlying PBT increased by 50% to $3.5bn.
Core divisions contributed to this growth, with underlying profit before tax excluding litigation up 19% from the previous year.
The firm’s diluted earnings per share reached $0.76 for the quarter, an increase of 77% over last year.
The group’s reported revenues stood at $12.7bn, up 3%, and core business underlying revenues rose by 7%.
UBS’s invested assets grew by 4% sequentially to $6.9trn, with contributions from Global Wealth Management (GWM), Asset Management, and Personal & Corporate banking.
GWM recorded $38bn in net new assets, with inflows from Asia-Pacific, EMEA and Switzerland exceeding outflows in the Americas.
For the year to date, net new assets reached $92bn, close to UBS’ target of $100bn for the full year.
In Asset Management, net new money was reported at $18bn for the quarter, pushing invested assets above the $2trn mark.
In Investment Banking, underlying Global Banking revenue rose 52% to $0.8bn, mainly driven by advisory and capital markets activity.
The bank completed $1.1bn in share buybacks during the third quarter and anticipates repurchasing up to another $0.9bn in the final quarter of 2025, aiming for a total of $3bn in buybacks this year.
UBS Group CEO Sergio Ermotti said: “We’ve seen strong private and institutional client activity with invested assets reaching nearly seven trillion.
“As a key pillar of our strategy, our balance sheet for all seasons remains strong, allowing us to invest in talent, technology, and capabilities as we continue to make further progress on integration, positioning us for long-term growth and value creation.”
