UBS

Business Context and Reporting Period

This Form 6-K filing by UBS Group AG (and UBS AG) covers the standalone interim financial information for the six months ended 30 June 2026. The report was filed on 29 July 2026. The financial statements are prepared in accordance with Swiss Law on Accounting and Financial Reporting and are unaudited. The primary revenue source for the holding company is dividend income from its subsidiaries, notably UBS AG.

Key Financial Metrics

Note: The filing does not provide explicit cash flow statements or margin percentages. Tax expense for the period was zero.

Material Changes vs. Prior Period

• Profit Decline: Net profit decreased by approximately 26% year-over-year, falling from USD 6,625 million to USD 4,899 million. This decline is primarily driven by a reduction in dividend income from subsidiaries, which dropped from USD 6,791 million to USD 4,862 million.
• Dividend Income from UBS AG: Specifically, dividends received from UBS AG fell from USD 6,500 million in the prior period to USD 4,500 million.
• Balance Sheet Stability: Total assets remained relatively stable, decreasing slightly from USD 207,888 million (year-end 2025) to USD 206,432 million. Equity attributable to shareholders decreased slightly to USD 69,763 million.
• Share Capital Reduction: Share capital was reduced by USD 6 million following the cancellation of 63,776,550 shares.

Significant Events, Dividends, and Risks

• Share Cancellation: On 15 April 2026, the Annual General Meeting approved the cancellation of 63,776,550 shares purchased under the 2024 share repurchase program. This reduced share capital by USD 6 million and reduced the capital contribution and voluntary earnings reserves by USD 997 million each. Total equity remained unchanged by this transaction.
• Dividend Payment: An ordinary cash dividend of USD 1.10 per share was paid, totaling USD 3,404 million. This was funded half from the capital contribution reserve and half from total profit available for appropriation.
• Profit Appropriation: The remaining profit available for appropriation (USD 11,368 million) was transferred to the voluntary earnings reserve.
• Accounting Policy Update: The interim income statement now explicitly includes "Dividend income from investments in subsidiaries" as a line item, with comparative figures updated accordingly.
• Risk Disclosure: The filing includes a standard cautionary statement that the report is for information purposes only and does not constitute an offer to buy or sell securities.

Key Facts for Investor Verification

• Verify the specific reasons for the 26% drop in dividend income from UBS AG, as this is the primary driver of the holding company's reduced net profit.
• Confirm the impact of the share cancellation on the capital structure and future dividend capacity, noting that while total equity was unchanged, reserves were reallocated.
• Review the full UBS Group 30 June 2026 Interim Report for consolidated group performance, as this filing only presents standalone holding company data.
• Check the currency conversion rates applied, as the filing notes that closing rates were used for the current period while weighted average rates were used for the comparative period, which may affect year-over-year comparability.