Business Context and Reporting Period
This Form 6-K filing by UBS Group AG, dated April 30, 2025, provides updated capitalization data for the period ended March 31, 2025. The filing supplements the company's annual report on Form 20-F for the year ended December 31, 2024, and its first-quarter 2025 report. Financial statements are prepared in accordance with IFRS Accounting Standards and presented in US dollars.
Key Financial Metrics
The filing focuses on consolidated capitalization rather than operating performance metrics such as revenue, profit, or cash flow, which are not provided in this specific document.
| Capitalization Item (USD millions) | As of March 31, 2025 | As of December 31, 2024 |
|---|---|---|
| Short-term debt issued | 89,360 | 91,491 |
| Long-term debt issued | 236,612 | 230,637 |
| Total debt issued | 325,972 | 322,128 |
| Equity attributable to shareholders | 87,185 | 85,079 |
| Equity attributable to non-controlling interests | 405 | 494 |
| Total capitalization | 413,562 | 407,701 |
Debt Composition: As of March 31, 2025, 89% of total debt issued was unsecured. Long-term debt includes instruments eligible as high-trigger loss-absorbing additional tier 1 capital ($16,352 million), low-trigger loss-absorbing additional tier 1 capital ($1,245 million), and non-Basel III-compliant tier 2 capital ($205 million).
Material Changes Versus Prior Period
- Total Debt: Increased by $3,844 million from $322,128 million to $325,972 million.
- Short-term Debt: Decreased by $2,131 million from $91,491 million to $89,360 million.
- Long-term Debt: Increased by $5,975 million from $230,637 million to $236,612 million.
- Shareholder Equity: Increased by $2,106 million from $85,079 million to $87,185 million.
- Total Capitalization: Increased by $5,861 million from $407,701 million to $413,562 million.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, risk factors, or contingencies. It serves primarily to update the capitalization table for incorporation into outstanding registration statements on Form S-8. Investors are directed to the Form 20-F annual report and the separate first-quarter 2025 Form 6-K for operational outlook and risk disclosures.
Key Facts for Investor Verification
- Verify the full Q1 2025 operating results (revenue, net income, cash flow) in the separate Q1 2025 Form 6-K referenced in this document.
- Confirm the composition of the $5,975 million increase in long-term debt to understand funding strategies.
- Review the Form 20-F filed on March 17, 2025, for detailed risk factors and regulatory capital requirements.
- Note that 89% of the $325.97 billion total debt is unsecured as of March 31, 2025.