Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 47

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 47
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 |       |   -44 |     | +23 |          |     | +24 |     |       |    -80 |     | +304 |          |     | +299 |
| PBT                                                |     |       |   330 |     |  -5 |          |     |  -4 |     |       |    678 |     |  -12 |          |     |  -13 |
| Detailed financial information in appendix.        |     |       |       |     |     |          |     |     |     |       |        |     |      |          |     |      |

#### January - June202533
| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |

|            |     | RETAIL MEXICO |     | Profit before tax |
| EUR 677 mn |     |               |     |                   |

Commercial activity and business performance In H1 2025, we made great strides in the transformation of our operating model. 74% of our active customers use digital channels and, at the same time, the number of digital customers increased 9% year-on-year. Gross loans and advances to customers, excluding reverse repos and in constant euros, increased 5% year-on-year, driven by generalized increases in most products, especially in the mortgage portfolio (+7%), where we have a market share of 17%, well above our total loan market share (12%). Customer deposits, excluding repos and in constant euros, rose 2% year-on-year, in a lower interest rate environment. We are targeting mutual fund growth, resulting in a 25% increase in constant euros. As a result, customer funds rose 8% in constant euros. Results Profit before tax in H1 2025 reached EUR 677 million, 1% higher than in H1 2024. In constant euros, it increased 19%, as follows: • Total income increased 7%, mainly driven by good performances in net interest income, supported by higher activity and a lower cost of deposits, and net fee income, particularly from mutual funds. • Costs increased 6%, impacted by inflation and higher labour costs. Net operating income grew 7% and the efficiency ratio improved 9 bps to 44.0%. • Net loan-loss provisions decreased 19% reflecting better credit quality, due to a more positive macro outlook