UBS Group AG

SWX-UBSG

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Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	2,233	4,356	790	-989	28,371	3,399
Net Profit
Depreciation & Amortization	1,458	2,636	1,162	2,359	1,391	1,052
Depreciation, Amortization and Impairment of Non-Financial Assets
Amortization and Impairment of Intangible Assets
Amortization and Impairment of Goodwill and Intangible Assets
Other Adjustments	-18,453	8,920	7,607	-10,218	-24,135	-6,377
Share of Net Profit of Associates and Joint Ventures and Impairment Related to Associates
Deferred Tax Expense
Net Gain from Investing Activities
Net Gain from Financing Activities
Negative Goodwill
Other Net Adjustments
Changes in Trading Assets	33,802	4,601	-18,195	9,456	-5,782	-5,098
Financial Assets and Liabilities at Fair Value Held for Trading and Other Derivative Financial Instruments
Changes in Securities Borrowed	14,926	-41,712	17,828	-10,817	7,314	-5,143
Securities Financing Transactions
Receivables from Securities Financing Transactions Measured at Amortized Cost
Changes in Accrued Interest and Accounts Receivable	5,294	2,617	-438	-821	-5,141	-2,220
Brokerage Receivables and Payables
Changes in Trading Liabilities	1,514	-1,511	959	-8,128	6,114	-1,247
Payables from Securities Financing Transactions Measured at Amortized Cost
Changes in Accounts Payable	6,990	-4,562	2,209	-2,726	6,017	-4,088
Amounts Due from Banks and Amounts Due to Banks
Changes in Accrued Expenses	-3,954	8,745	-8,503	3,505	-3,409	4,775
Cash Collateral on Derivative Instruments
Changes in Other Operating Activities	-24,059	36,055	-20,835	86,404	6,265	11,440
Loans and Advances to Customers and Customer Deposits
Loans and Advances to Customers
Customer Deposits
Financial Assets at Fair Value Not Held for Trading and Other Financial Assets and Liabilities
Provisions and Other Non-Financial Assets and Liabilities
Income Taxes Paid, Net of Refunds
Cash from Operating Activities	20,027	20,561	-17,282	68,403	17,665	-3,503
Net Cash Flow from Operating Activities

Cash Flow Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22	Jun '22	Dec '21	Jun '21	Dec '20	Jun '20	Dec '19	Jun '19
Provision for Credit Losses	275	415	136	375	662	4
Credit Loss Expense

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Change in Securities and Investments	-13,570	-948	3,367	-921	-2,858	-7,909
Net Redemption of Financial Assets Measured at Fair Value Through Other Comprehensive Income
Purchase of Financial Assets Measured at Fair Value Through Other Comprehensive Income
Disposal and Redemption of Financial Assets Measured at Fair Value Through Other Comprehensive Income
Net Redemption of Debt Securities Measured at Amortized Cost
Net Redemption of Financial Assets Held to Maturity
Purchase of Debt Securities Measured at Amortized Cost
Disposal and Redemption of Debt Securities Measured at Amortized Cost
Payments for Business Acquisitions	-17	-64	—	-5	1	-914
Purchase of Subsidiaries, Business, Associates and Intangible Assets
Proceeds from Business Divestments	482	-121,035	121,291	76	108,451	2,491
Cash and Cash Equivalents Acquired Upon the Acquisition of the Credit Suisse Group
Cash and Cash Equivalents Obtained Due to the Merger of UBS AG and Credit Suisse AG
Disposal of Subsidiaries, Business, Associates and Intangible Assets
Capital Expenditure	-885	-1,317	-691	-855	-830	-1,646
Purchase of Property, Equipment and Software
Proceeds from Sale of Property, Plant & Equipment	62	105	3	64	1	161
Disposal of Property, Equipment and Software
Cash from Investing Activities	-13,927	-123,262	123,971	-1,641	104,765	-7,817
Net Cash Flow from Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-996	-1,330	2,863	—	—	—
Inflows from Securities Financing Transactions Measured at Amortized Cost
Outflows from Securities Financing Transactions Measured at Amortized Cost
Repayments of Short-Term Debt	3,009	-37,550	-12,444	-30,737	-22,610	-1,809
Repayment of Swiss National Bank Funding
Net Issuance of Short-Term Debt Measured at Amortized Cost
Net Issuance / (Repayments) of Short-Term Debt	3,009	-37,550	-12,444	-30,737	-22,610	-1,809
Issuance of Long-Term Debt	62,315	39,349	60,796	58,315	51,420	30,655
Issuance of Debt Designated at Fair Value and Long-Term Debt Measured at Amortized Cost
Repayments of Long-Term Debt	-69,435	-70,544	-59,139	-59,694	-49,777	-31,361
Repayment of Debt Designated at Fair Value and Long-Term Debt Measured at Amortized Cost
Net Issuance / (Repayments) of Long-Term Debt	-7,120	-31,195	1,657	-1,379	1,643	-706
Repurchases of Common Shares	—	-2,923	—	-643	-2,136	-2,485
Net Movements in Treasury Shares and Own Equity Derivative Activity
Net Issuance / (Repurchases) of Common Shares	—	-2,923	—	-643	-2,136	-2,485
Common Share Dividends Paid	-6,500	744	-3,000	—	-1,679	—
Distributions Paid on UBS Shares
Other Financing Activities	-505	-741	-246	-447	-274	-265
Repayment of Lease Liabilities
Dividends Paid and Repayments of Preferred Notes
Net Changes in Non-Controlling Interests and Preferred Notes
Funding from UBS Group AG and Its Subsidiaries
Net Changes of Non-Controlling Interests
Net Cash Flows from Other Financing Activities
Cash from Financing Activities	-12,112	-72,995	-11,170	-33,206	-25,056	-5,264
Net Cash Flow from Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	19,142	19,244	-17,973	67,548	16,835	-5,149
Levered Free Cash Flow	33,195	-58,850	-36,549	45,267	19,332	-1,850
Unlevered Free Cash Flow	35,086	5,552	-26,504	78,377	11,939	-2,175
Net Change in Cash	-6,012	-175,696	95,519	33,556	97,374	-16,584