UBS reports 1Q25 net profit of USD 1.7bn with 6.2trn invested assets, demonstrating franchise strength and executing integration at pace (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

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[{"type":"text","content":"ZURICH, April 30, 2025--(BUSINESS WIRE)--","length":41,"tagName":"p"},{"type":"text","content":"UBS (NYSE:UBS) (SWX:UBSN):","length":26,"tagName":"p"},{"type":"text","content":""The power and scale of our diversified global franchise, coupled with our continued focus on clients, drove strong business momentum in the quarter and net new inflows in our asset-gathering businesses. As we start to execute on the next critical phase of integration, I remain pleased with the substantial progress we have made so far.","length":342,"tagName":"p"},{"type":"text","content":"With increased uncertainty in markets and the macroeconomic outlook, we continue to focus on supporting clients, delivering on our financial targets, and acting as an engine of economic growth in the communities we serve."Sergio P. Ermotti, Group CEO","length":256,"tagName":"p"},{"type":"text","content":"1Q25 PBT of USD 2.1bn and underlying1 PBT of USD 2.6bn, net profit of USD 1.7bn, RoCET1 of 9.6% and underlying RoCET1 of 11.3%. Core businesses2 increased combined underlying PBT by 15%","length":185,"tagName":"p"},{"type":"text","content":"Franchise strength demonstrated by continued client momentum; Global Wealth Management net new assets of USD 32bn; Asset Management net new money of USD 7bn, CHF 40bn of loans granted or renewed in Switzerland; GWM underlying transaction-based income up 15% YoY; record-high Global Markets underlying revenues, up 32% YoY","length":321,"tagName":"p"},{"type":"text","content":"Integration remained on track; delivered further USD 0.9bn in exit rate gross cost saves bringing cumulative cost reductions to USD 8.4bn, or 65% of the expected USD 13bn. Swiss branch consolidation completed ahead of main waves of client account migrations, set to begin in the second quarter","length":293,"tagName":"p"},{"type":"text","content":"Continued strong progress in Non-core and Legacy wind-down; risk weighted assets down by USD 7bn sequentially to USD 34bn","length":121,"tagName":"p"},{"type":"text","content":"Balance sheet for all seasons underpinned by high-quality credit book with 93% of lending positions being collateralized; mortgages comprise 57% of loan book","length":157,"tagName":"p"},{"type":"text","content":"Maintained a strong capital position with 14.3% CET1 capital ratio and 4.4% CET1 leverage ratio, providing a solid capital buff...

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