Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 3

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 3
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         |     |         |
| 73.4 Bn |     |         |     | 76.4 Bn |     | 79.7 Bn |
| +3,0 Bn |     | +3,3 Bn |     |         |     |         |

<div align='center'>… and Santander's capital levels exceed the required regulatory minimums We enter the last year of our third strategic cycle well ahead in all our key Investor Day targets for 2025</div>

| CET1                |     | RWA with RoRWA > COE |     | Profitability (RoTE) |     | Shareholder remuneration         |     | TNAVps                           |
| 12.8%               |     | 87%                  |     | 16.3%                |     | 50%                              |     | 14%                              |
| 2025 target: >12.0% |     | 2025 target: 85%     |     | 2025 target: 15-17%  |     | 2025 target: Cash dividend + SBB 
 50% annually                     |     | 2025 target: Double-digit growth |

A: The phased-in ratio includes the transitional treatment of IFRS 9, calculated in accordance with article 473a of the Capital Requirements Regulation (CRR) and the subsequent amendments introduced by EU Regulation 2020/873. In addition, the total phased-in capital ratio includes the transitional treatment in accordance with Chapter 4, Title 1, Part 10 of CRR.

<div align='center'>Strong performance drove higher gross organic capital generation</div>

B: Deduction for expected shareholder remuneration. Our target payout is approximately 50% of Group reported profit (excluding non-cash, non-capital ratios impact items), divided approximately equally between cash dividends and share buybacks. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals.

2024 Pillar 3 Disclosures Report 9

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

| Evolution of the main capital ratios (phased-in) |
| In %                                             |

| CET1 |     | Tier 1 |     | Total Capital |

| n2022 |     | n2023 |     | n2024 |

| Evolution of the capital