v3.25.2
Basis of accounting (Policy)
 6 Months Ended
Jun. 30, 2025
Disclosure Of Material Accounting Policies Descriptions [Line Items]  
Basis of preparation
Basis of preparation
The consolidated
 
financial statements
 
(the financial
 
statements) of
 
UBS Group AG and
 
its subsidiaries
 
(together,
UBS
 
or
 
the
 
Group)
 
are
 
prepared
 
in
 
accordance
 
with
 
IFRS
 
Accounting
 
Standards, as
 
issued
 
by
 
the
 
International
Accounting Standards
 
Board (the
 
IASB), and
 
are
 
presented in
 
US
 
dollars. These
 
interim
 
financial statements
 
are
prepared in accordance with IAS 34,
Interim Financial Reporting
.
In preparing
 
these interim financial
 
statements, the same
 
accounting policies and
 
methods of
 
computation have
been applied as in the
 
UBS Group AG consolidated annual
 
financial statements for
 
the period ended 31 December
2024. These interim financial statements are
 
unaudited and should be read
 
in conjunction with: UBS Group AG’s
audited
 
consolidated
 
financial
 
statements
 
in
 
the
 
UBS Group
 
Annual
 
Report
 
2024;
 
the
 
“Management
 
report”
sections of this
 
report, specifically
 
the disclosures
 
in the “Recent
 
developments” section
 
of this report
 
regarding the
sale
 
of
 
O’Connor
 
hedge
 
funds
 
and
 
the
 
ownership
 
increase
 
in
 
UBS
 
Securities
 
China
 
and
 
in
 
the
 
“UBS
 
Group
performance,
 
business
 
divisions
 
and
 
Group
 
Items”
 
section
 
of
 
this
 
report
 
regarding
 
the
 
sale
 
of
 
Select
 
Portfolio
Servicing (the US mortgage servicing business of
 
Credit Suisse) and the transactions related
 
to Swisscard;
 
and the
information about significant transactions disclosed in
 
the UBS Group
 
first quarter 2025 report.
 
In the opinion of
management, all necessary adjustments have been made
 
for a fair presentation of
 
the Group’s financial position,
results of operations and cash flows.
Critical accounting estimates and judgments
Preparation of
 
these interim financial
 
statements requires management
 
to make
 
estimates and
 
assumptions that
affect
 
the
 
reported
 
amounts
 
of
 
assets,
 
liabilities,
 
income,
 
expenses
 
and
 
disclosures
 
of
 
contingent
 
assets
 
and
liabilities. These estimates
 
and assumptions are based
 
on the best available
 
information. Actual results
 
in the future
could differ
 
from such
 
estimates and
 
differences may
 
be material
 
to the
 
financial statements.
 
Revisions to
 
estimates,
based on regular
 
reviews, are recognized
 
in the period
 
in which they
 
occur. For more
 
information about areas of
estimation
 
uncertainty
 
that
 
are
 
considered
 
to
 
require
 
critical
 
judgment,
 
refer
 
to
 
“Note 1a
 
Material
 
accounting
policies” in the “Consolidated financial statements”
 
section of the UBS Group Annual Report
 
2024.