REG-UBS AG UBS AG published its 1Q25 financial report (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

UBS AGAnnouncement

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UBS AG published its 1Q25 financial report (Ad hoc announcement pursuant to
Article 53 of the SIX Exchange Regulation Listing Rules)

 

 

UBS (NYSE:UBS) (SWX:UBSN) today published the UBS AG first-quarter 2025
financial report and the 31 March 2025 UBS Group Pillar 3 Report. These
reports are available for download on the UBS website
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ubs.com%2Fglobal%2Fen%2Finvestor-relations%2Ffinancial-information%2Fquarterly-reporting.html&esheet=54250833&newsitemid=20250507126171&lan=en-US&anchor=UBS+website&index=1&md5=50641040cfd293a47e4e9a8bcf9c6824)
.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking
statements,” including but not limited to management’s outlook for UBS’s
financial performance, statements relating to the anticipated effect of
transactions and strategic initiatives on UBS’s business and future
development and goals or intentions to achieve climate, sustainability and
other social objectives. While these forward-looking statements represent
UBS’s judgments, expectations and objectives concerning the matters
described, a number of risks, uncertainties and other important factors could
cause actual developments and results to differ materially from UBS’s
expectations. In particular, the global economy may suffer significant adverse
effects from increasing political tensions between world powers, changes to
international trade policies, including those related to tariffs and trade
barriers, and ongoing conflicts in the Middle East, as well as the continuing
Russia–Ukraine war. UBS’s acquisition of the Credit Suisse Group has
materially changed its outlook and strategic direction and introduced new
operational challenges. The integration of the Credit Suisse entities into the
UBS structure is expected to continue through 2026 and presents significant
operational and execution risk, including the risks that UBS may be unable to
achieve the cost reductions and business benefits contemplated by the
transaction, that it may incur higher costs to execute the integration of
Credit Suisse and that the acquired business may have greater risks or
liabilities than expected. Following the failure of Credit Suisse, Switzerland
is considering significant changes to its capital, resolution and regulatory
regime, which, if proposed and adopted, may significantly increase our capital
requirements or impose other costs on UBS. These factors create greater
uncertainty about forward-looking statements. Other factors that may affect
UBS’s performance and ability to achieve its plans, outlook and other
objectives also include, but are not limited to: (i) the degree to which UBS
is successful in the execution of its strategic plans, including its cost
reduction and efficiency initiatives and its ability to manage its levels of
risk-weighted assets (RWA) and leverage ratio denominator (LRD), liquidity
coverage ratio and other financial resources, including changes in RWA assets
and liabilities arising from higher market volatility and the size of the
combined Group; (ii) the degree to which UBS is successful in implementing
changes to its businesses to meet changing market, regulatory and other
conditions; (iii) inflation and interest rate volatility in major markets;
(iv) developments in the macroeconomic climate and in the markets in which UBS
operates or to which it is exposed, including movements in securities prices
or liquidity, credit spreads, currency exchange rates, residential and
commercial real estate markets, general economic conditions, and changes to
national trade policies on the financial position or creditworthiness of
UBS’s clients and counterparties, as well as on client sentiment and levels
of activity; (v) changes in the availability of capital and funding, including
any adverse changes in UBS’s credit spreads and credit ratings of UBS, as
well as availability and cost of funding to meet requirements for debt
eligible for total loss-absorbing capacity (TLAC); (vi) changes in central
bank policies or the implementation of financial legislation and regulation in
Switzerland, the US, the UK, the EU and other financial centers that have
imposed, or resulted in, or may do so in the future, more stringent or
entity-specific capital, TLAC, leverage ratio, net stable funding ratio,
liquidity and funding requirements, heightened operational resilience
requirements, incremental tax requirements, additional levies, limitations on
permitted activities, constraints on remuneration, constraints on transfers of
capital and liquidity and sharing of operational costs across the Group or
other measures, and the effect these will or would have on UBS’s business
activities; (vii) UBS’s ability to successfully implement resolvability and
related regulatory requirements and the potential need to make further changes
to the legal structure or booking model of UBS in response to legal and
regulatory requirements and any additional requirements due to its acquisition
of the Credit Suisse Group, or other developments; (viii) UBS’s ability to
maintain and improve its systems and controls for complying with sanctions in
a timely manner and for the detection and prevention of money laundering to
meet evolving regulatory requirements and expectations, in particular in the
current geopolitical turmoil; (ix) the uncertainty arising from domestic
stresses in certain major economies; (x) changes in UBS’s competitive
position, including whether differences in regulatory capital and other
requirements among the major financial centers adversely affect UBS’s
ability to compete in certain lines of business; (xi) changes in the standards
of conduct applicable to its businesses that may result from new regulations
or new enforcement of existing standards, including measures to impose new and
enhanced duties when interacting with customers and in the execution and
handling of customer transactions; (xii) the liability to which UBS may be
exposed, or possible constraints or sanctions that regulatory authorities
might impose on UBS, due to litigation, contractual claims and regulatory
investigations, including the potential for disqualification from certain
businesses, potentially large fines or monetary penalties, or the loss of
licenses or privileges as a result of regulatory or other governmental
sanctions, as well as the effect that litigation, regulatory and similar
matters have on the operational risk component of its RWA; (xiii) UBS’s
ability to retain and attract the employees necessary to generate revenues and
to manage, support and control its businesses, which may be affected by
competitive factors; (xiv) changes in accounting or tax standards or policies,
and determinations or interpretations affecting the recognition of gain or
loss, the valuation of goodwill, the recognition of deferred tax assets and
other matters; (xv) UBS’s ability to implement new technologies and business
methods, including digital services, artificial intelligence and other
technologies, and ability to successfully compete with both existing and new
financial service providers, some of

which may not be regulated to the same extent; (xvi) limitations on the
effectiveness of UBS’s internal processes for risk management, risk control,
measurement and modeling, and of financial models generally; (xvii) the
occurrence of operational failures, such as fraud, misconduct, unauthorized
trading, financial crime, cyberattacks, data leakage and systems failures, the
risk of which is increased with persistently high levels of cyberattack
threats; (xviii) restrictions on the ability of UBS Group AG, UBS AG and
regulated subsidiaries of UBS AG to make payments or distributions, including
due to restrictions on the ability of its subsidiaries to make loans or
distributions, directly or indirectly, or, in the case of financial
difficulties, due to the exercise by FINMA or the regulators of UBS’s
operations in other countries of their broad statutory powers in relation to
protective measures, restructuring and liquidation proceedings; (xix) the
degree to which changes in regulation, capital or legal structure, financial
results or other factors may affect UBS’s ability to maintain its stated
capital return objective; (xx) uncertainty over the scope of actions that may
be required by UBS, governments and others for UBS to achieve goals relating
to climate, environmental and social matters, as well as the evolving nature
of underlying science and industry and the possibility of conflict between
different governmental standards and regulatory regimes; (xxi) the ability of
UBS to access capital markets; (xxii) the ability of UBS to successfully
recover from a disaster or other business continuity problem due to a
hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic,
security breach, cyberattack, power loss, telecommunications failure or other
natural or man-made event; and (xxiii) the effect that these or other factors
or unanticipated events, including media reports and speculations, may have on
its reputation and the additional consequences that this may have on its
business and performance. The sequence in which the factors above are
presented is not indicative of their likelihood of occurrence or the potential
magnitude of their consequences. UBS’s business and financial performance
could be affected by other factors identified in its past and future filings
and reports, including those filed with the US Securities and Exchange
Commission (the SEC). More detailed information about those factors is set
forth in documents furnished by UBS and filings made by UBS with the SEC,
including the UBS Group AG and UBS AG Annual Reports on Form 20-F for the year
ended 31 December 2024. UBS is not under any obligation to (and expressly
disclaims any obligation to) update or alter its forward-looking statements,
whether as a result of new information, future events, or otherwise.

UBS AG 

Investor contact

Switzerland: +41-44-234 41 00

Americas: +1-212-882 57 34

Media contact

Switzerland: +41-44-234 85 00

UK: +44-207-567 47 14

Americas: +1-212-882 58 58

APAC: +852-297-1 82 00



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UBS AG


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