UBS Group AG Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7,767	5,085	27,366	7,630	7,457
Depreciation & Amortization	1,726	3,745	3,750	2,061	2,118
Other Amortization	1,734	-	-	-	-
Gain (Loss) on Sale of Assets	-485	101	-102	-1,470	-230
Total Asset Writedown	69	53	-	-	-
Provision for Credit Losses	524	551	1,037	29	-148
Change in Trading Asset Securities	25,196	-13,594	3,674	8,006	-10,516
Change in Other Net Operating Assets	11,441	7,862	33,643	18,914	-206
Other Operating Activities	-13,105	14,692	-36,434	-11,799	3,230
Operating Cash Flow	34,790	18,351	33,282	23,339	1,600
Operating Cash Flow Growth	89.58%	-44.86%	42.60%	1358.69%	-95.67%
Capital Expenditures	-2,362	-2,008	-1,685	-1,643	-1,841
Sale of Property, Plant and Equipment	209	108	65	161	295
Cash Acquisitions	-17	-64	108,402	-3	-1
Investment in Securities	-21,285	2,419	-3,779	-12,692	-1,165
Income (Loss) Equity Investments	-77	-144	348	-32	-105
Divestitures	653	256	121	1,730	593
Other Investing Activities	-	-2	-	-	-
Investing Cash Flow	-22,802	709	103,124	-12,447	-2,119
Short-Term Debt Issued	1,692	-	3,169	-	-
Long-Term Debt Issued	133,795	106,418	109,735	79,115	98,272
Total Debt Issued	135,487	106,418	112,904	79,115	98,272
Short-Term Debt Repaid	-	-7,407	-	-12,249	-3,093
Long-Term Debt Repaid	-157,348	-177,010	-165,987	-67,670	-79,909
Total Debt Repaid	-157,348	-184,417	-165,987	-79,919	-83,002
Net Debt Issued (Repaid)	-21,861	-77,999	-53,083	-804	15,270
Repurchase of Common Stock	-5,178	-2,923	-2,779	-6,006	-3,341
Common Dividends Paid	-2,866	-2,256	-1,679	-1,668	-1,301
Net Increase (Decrease) in Deposit Accounts	-12,939	-15,072	52,786	-8,692	29,825
Other Financing Activities	-958	-987	-721	-616	-283
Financing Cash Flow	-43,802	-99,237	-5,476	-17,786	40,170
Foreign Exchange Rate Adjustments	19,098	-15,940	13,955	-5,659	-5,307
Net Cash Flow	-12,715	-96,117	144,886	-12,554	34,344
Free Cash Flow	32,428	16,343	31,597	21,696	-241
Free Cash Flow Growth	98.42%	-48.28%	45.63%	-	-
Free Cash Flow Margin	65.38%	34.03%	79.76%	63.48%	-0.68%
Free Cash Flow Per Share	9.86	4.88	9.59	6.39	-0.07
Cash Interest Paid	37,749	48,252	35,969	8,198	4,707
Cash Income Tax Paid	2,049	1,938	1,852	1,582	1,134

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.