Business Context and Reporting Period
This Form 6-K filing by UBS Group AG was submitted to the SEC on March 17, 2025. The report provides consolidated capitalization data as of December 31, 2024, prepared in accordance with IFRS Accounting Standards. The filing serves to update registration statements and should be read in conjunction with the annual report on Form 20-F for the year ended December 31, 2024.
Key Financial Metrics
The filing details the consolidated capitalization structure in US dollars (USD millions) as of December 31, 2024, compared to September 30, 2024.
| Capitalization Component | Dec 31, 2024 (USD m) | Sep 30, 2024 (USD m) |
|---|---|---|
| Short-term debt issued | 91,491 | 89,741 |
| Long-term debt issued | 230,637 | 249,646 |
| — Eligible as high-trigger loss-absorbing AT1 | 13,084 | 13,470 |
| — Eligible as low-trigger loss-absorbing AT1 | 1,245 | 1,239 |
| — Eligible as non-Basel III-compliant Tier 2 | 207 | 289 |
| Total debt issued | 322,128 | 339,387 |
| Equity attributable to shareholders | 85,079 | 87,025 |
| Equity attributable to non-controlling interests | 494 | 564 |
| Total capitalization | 407,701 | 426,976 |
Debt Composition: As of December 31, 2024, 89% of total debt issued was unsecured.
Missing Data: The filing text does not provide clear values for revenue, profit, cash flow, margins, or liquidity ratios beyond the capitalization table.
Material Changes Versus Prior Period
- Total Debt Reduction: Total debt issued decreased by $17,259 million (from $339,387 million to $322,128 million) between September 30, 2024, and December 31, 2024.
- Long-term Debt Decline: Long-term debt issued fell by $19,009 million, offsetting a slight increase in short-term debt of $1,750 million.
- Equity Decrease: Equity attributable to shareholders declined by $1,946 million (from $87,025 million to $85,079 million).
- Total Capitalization: Overall total capitalization decreased by $19,275 million.
Guidance, Outlook, and Risks
This specific Form 6-K filing does not contain management commentary, forward-looking guidance, or specific risk factors. It is a disclosure of capitalization data required for incorporation into outstanding registration statements (Forms S-8). Investors are directed to the annual report on Form 20-F for comprehensive risk disclosures and outlook information.
Key Facts for Investor Verification
- Verify the full annual report on Form 20-F (filed March 17, 2025) for revenue, earnings, and cash flow details not included in this summary.
- Confirm the composition of the $17.3 billion reduction in total debt to understand if it was driven by maturities, repayments, or refinancing.
- Review the $1.9 billion decline in shareholder equity to determine if it resulted from dividends, share buybacks, or retained earnings adjustments.
- Note that 89% of the $322.1 billion debt portfolio is unsecured as of year-end 2024.