Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 429

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 429
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 |      |     |   — |      |
| Impairment on non-financial assets, net                                       |     | 628 |      |     | 237 |      |     | 239 |      |
| Tangible assets                                                               |     | 386 |      |     | 136 |      |     | 140 |      |
| Intangible assets                                                             |     | 231 |      |     |  73 |      |     |  75 |      |
| Others                                                                        |     |  11 |      |     |  28 |      |     |  24 |      |
| Impairment on other assets (net)                                              |     | 628 |      |     | 237 |      |     | 239 |      |

Profit or loss before tax from continuing operations Profit before tax was EUR 19,027 million in 2024, +16% year-on-year, supported by the good performance of net interest income, net fee income and cost discipline. Tax expense or income from continuing operations Total income tax was EUR 5,283 million in 2024 (EUR 4,276 million in 2023).

| Profit attributable to the parent |
| EUR million                       |

| +14%          |
| 2024 vs. 2023 |

Profit attributable to non-controlling interests Profit attributable to non-controlling interests increased slightly to EUR 1,170 million in 2024 (EUR 1,107 million in 2023), in part due to the accelerated placement of ordinary shares of Santander Bank Polska S.A. in the year. For more details, see note 28 to the consolidated financial statements. Profit attributable to the parent Profit attributable to the parent amounted to EUR 12,574 million in 2024, 14% higher than the EUR 11,076 million in 2023. These results do not fully reflect profit performance due to the aforementioned impacts.

| Earnings per share |
| EUR                |

| +18%          |
| 2024 vs. 2023 |

Annual report 2024 406

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

#### Underlying income statement
| →Third consecutive year of record revenue,which boosted profit to an all-time high in 2024.                                             
 →Efficiency improvement and profitable growth,supported by the operational leverage resulting from