Business Context and Reporting Period
This Form 6-K filing by UBS Group AG, dated March 9, 2026, provides supplemental capitalization data for the period ended December 31, 2025. The filing is prepared in accordance with IFRS Accounting Standards and serves as an update to the annual report on Form 20-F. The presentation currency is US dollars.
Key Financial Metrics
The filing focuses exclusively on consolidated capitalization. Revenue, profit, cash flow, and margin data are not provided in this specific document.
| Capitalization Item (USD millions) | As of Dec 31, 2025 | As of Sep 30, 2025 |
|---|---|---|
| Short-term debt issued | 92,096 | 85,206 |
| Long-term debt issued | 236,405 | 247,317 |
| Total debt issued | 328,501 | 332,523 |
| Equity attributable to shareholders | 90,213 | 89,899 |
| Equity attributable to non-controlling interests | 271 | 305 |
| Total capitalization | 418,984 | 422,727 |
Debt Composition: As of December 31, 2025, 88% of total debt issued was unsecured. Long-term debt includes $17,551 million eligible as high-trigger loss-absorbing additional tier 1 capital instruments.
Material Changes
- Total Debt: Decreased by $4,022 million from the prior quarter (Sep 30, 2025), driven primarily by a reduction in long-term debt of $10,912 million, partially offset by an increase in short-term debt of $6,890 million.
- Shareholder Equity: Increased by $314 million to $90,213 million.
- Total Capitalization: Decreased by $3,743 million to $418,984 million.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It is a regulatory disclosure of capital structure required for incorporation into registration statements (Forms F-3 and S-8).
Investor Verification Checklist
- Verify the full annual financial performance (revenue, net income, cash flow) in the referenced Form 20-F filed on March 9, 2026.
- Confirm the specific drivers for the $10.9 billion reduction in long-term debt versus the $6.9 billion increase in short-term debt.
- Review the composition of the $17.55 billion in high-trigger loss-absorbing additional tier 1 capital instruments for regulatory compliance details.
- Check the Form 20-F for any material changes in liquidity or leverage ratios not explicitly detailed in this capitalization table.