Business Context and Reporting Period
This Form 6-K filing by UBS Group AG, dated April 29, 2026, provides consolidated capitalization data as of March 31, 2026. The financial statements are prepared in accordance with IFRS Accounting Standards and presented in US dollars. This report supplements the annual report on Form 20-F for the year ended December 31, 2025, and the first quarter 2026 report.
Key Financial Metrics
The filing focuses on capitalization structure rather than operational performance metrics such as revenue, profit, or cash flow.
| Capitalization Item (USD millions) | As of March 31, 2026 | As of December 31, 2025 |
|---|---|---|
| Short-term debt issued | 97,642 | 92,096 |
| Long-term debt issued | 246,279 | 236,405 |
| Total debt issued | 343,922 | 328,501 |
| Equity attributable to shareholders | 92,247 | 90,213 |
| Equity attributable to non-controlling interests | 255 | 271 |
| Total capitalization | 436,424 | 418,984 |
Note: As of March 31, 2026, 88% of total debt issued was unsecured. The filing text does not provide clear values for revenue, profit, cash flow, or margins.
Material Changes
- Total Debt: Increased by $15,421 million (approximately 4.7%) from $328,501 million to $343,922 million.
- Short-term Debt: Increased by $5,546 million to $97,642 million.
- Long-term Debt: Increased by $9,874 million to $246,279 million.
- Shareholder Equity: Increased by $2,034 million to $92,247 million.
- Total Capitalization: Increased by $17,440 million to $436,424 million.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It serves primarily to update the capitalization table for incorporation into outstanding registration statements (Forms F-3 and S-8). Investors are directed to the Form 20-F and the separate first quarter 2026 report for broader operational context.
Investor Verification Checklist
- Verify the full Q1 2026 operational results (revenue, net income, and cash flow) in the separate Form 6-K first quarter report referenced in this filing.
- Confirm the composition of the $15.4 billion increase in total debt to determine if it relates to refinancing, new issuance, or market valuation changes.
- Review the Form 20-F for the year ended December 31, 2025, to understand the baseline for the reported equity and debt figures.
- Check the specific terms of the high-trigger loss-absorbing additional tier 1 capital instruments, which increased to $21,133 million.