Singapore, 24 February 2026 – UOB Group reported an operating profit of SGD7.7 billion ($5.7 billion) for the financial year ended 31 December 2025 (FY25), driven by strong fee momentum across our wholesale banking and retail banking businesses. Net profit for FY25 moderated 23% to SGD4.7 billion ($3.5 billion) from the previous year, largely due to the pre-emptive general allowances that the Group proactively set aside in the third quarter to strengthen provision coverage amid growing macroeconomic uncertainties. The Board recommends the payment of a final dividend of 71 cents per ordinary share. Together with the interim dividend of 85 cents per ordinary share, the total dividend for FY25 will be SGD1.56 ($1.15) per ordinary share, representing a payout ratio of approximately 50%. In recognising the final dividends, the pre-emptive general provision set aside in the third quarter was excluded from the final dividend calculation. In addition to the regular dividends, the Group returned surplus capital to shareholders through a special dividend of 50 cents per ordinary share, which was paid over two tranches during 2025. Net interest income for FY25 eased 3% year on year. Although loan growth was healthy at 4%, margin pressures from lower benchmark rates offset the growth momentum. Net fee income grew 7% to a record high of SGD2.6 billion ($1.9 billion), driven by a double-digit growth in wealth management and loan-related fees. While trading income and liquidity management activities normalised from last year’s exceptional level, customer-related treasury income reached a new record high, backed by strong hedging and investment demand. Asset quality remained resilient with non-performing loan ratio stable at 1.5%. Following the pre-emptive general provision set aside in the third quarter, credit costs for the fourth quarter improved to 19 basis points, as total allowances returned to normalised levels. Group Wholesale Banking’s operating profit declined 8% from the year before, impacted by lower interest rates and competition for quality assets. However, investment banking delivered record fees while customer-related treasury income registered an all-time high. Despite the lower benchmark rates and US tariff uncertainties, transaction banking continued to deliver steady performance, accounting for close to half of total wholesale banking income. This was led by a 26% year-on-year rise in trade loans and a growing CASA base, signalling an increase in client demand for the Bank’s end-to-end payments, trade and cash management solutions. Cross-border income maintained steady momentum, accounting for 27% of total wholesale banking income, driven by the Group’s deep regional connectivity and strong sectorial expertise. Group Retail Banking reported operating profit of SGD2.3 billion ($1.7 billion) for 2025, down 9%, as growth in wealth management and card billings mitigated the income pressures from lower rates. Retail deposits grew 5%, bolstered by resilient CASA growth of 12% despite stiff competition and a lower rate environment. Credit card billings grew steadily, supported by continued consumer spending and robust customer engagement across our diverse credit card offerings. Wealth management income rose 14% year on year, underpinned by clients’ conversion of deposits into invested assets under management (AUM). The Group continued to see positive net new money inflows, bringing high-net-worth AUM to SGD201 billion ($149 billion), a 6% increase from the year before. One-off supplementary payout for junior employees UOB will provide its junior employees with an extra half-month base salary payout on a one-off basis, in recognition of their contributions amid a challenging external environment. This supplementary payout will be paid to about 6,000 employees across the Group in the second quarter of this year and will amount to a total of about SGD4 million ($3.0 million). The Group is committed to ensuring that the wage structure of its employees is fair and competitive, complemented by a comprehensive range of perks and benefits that are sustainable for the long-term, including enhanced medical support, training programmes and more. CEO Statement Mr Wee Ee Cheong, UOB’s deputy chairman and chief executive officer, said, “The Group delivered a resilient full-year performance, fuelled by strong fee momentum across our diversified business franchise. Our balance sheet is strong with robust capital and liquidity and stable asset quality. ASEAN’s growth trajectory remains intact, powered by structural trends, including digitalisation, infrastructure investments and deepening regional integration. In this environment, we are seeing steady momentum across our business lines, driven by our regional network and deepening customer relationships across ASEAN. We will continue to strengthen regional connectivity, enhance wealth platforms and scale our digital capabilities to deliver more value for customers. With a robust balance sheet and an expanded regional franchise, we are well placed to support customers through cycles and seize new opportunities.” Financial Performance FY25 versus FY24 Operating profit for FY25 stood at SGD7.7 billion ($5.7 billion), easing from last year’s record high against an industry backdrop of margin compression and heightened market volatility. Core business drivers remained robust, underpinned by healthy loan expansion, alongside strong growth in fee income and customer treasury flows. Net profit moderated 23% to SGD4.7 billion ($3.5 billion) primarily due to the Group's proactive decision to strengthen coverage through pre-emptive provisioning in light of evolving macroeconomic conditions and sector-specific challenges. Net interest income fell 3% year on year to SGD9.4 billion ($7.0 billion) as net interest margin narrowed 14 basis points to 1.89% on the back of lower benchmark rates. Notwithstanding margin pressures, loan growth remained healthy at 4%, underpinned by a diversified franchise and strong market position. 4Q25 versus 3Q25 Net profit for the fourth quarter rebounded to SGD1.4 billion ($1.0 billion). Net interest income was sustained at SGD2.3 billion ($1.7 billion), up 4% from the previous quarter, with net interest margin expanding 2 basis points to 1.84% on the back of improved funding costs. Net fee income edged up to SGD625 million ($463 million) as higher card fees offset the seasonal softness in loan-related and wealth activities. Other non-interest income declined 39% to SGD319 million ($236 million) weighed by lower trading and investment income and year-end tapering of customer treasury flows. Total expenses were flat at SGD1.5 billion ($1.1 billion) with cost-to-income ratio at 46.4%. Total allowance normalised to SGD113 million ($84 million) following last quarter's pre-emptive general allowance, lowering total credit costs on loans to 19 basis points. Asset Quality The Group's performing loans coverage was stable at 1.0% as of 31 December 2025. Non-performing loan (NPL) ratio stood at 1.5%, with non-performing assets (NPA) coverage adequate at 97% or 254% after taking collateral into account. Capital, Funding and Liquidity Positions The Group maintained a strong capital position with Common Equity Tier 1 Capital Adequacy Ratio at 15.1% for the quarter. Liquidity remained healthy with this quarter’s average all-currency liquidity coverage ratio at 147% and net stable funding ratio at 116%, well above regulatory requirements. Re-disseminated by The Asian Banker
