Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 21

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 21
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 million          |     |                |
|                      |     | constant euros |

Net loan-loss provisions in H1 2025 amounted to EUR 6,178 million, a 1% decrease year-on-year. In constant euros, they increased 6%, mainly due to: i) higher provisions in Payments, driven by the strong widespread growth in the Cards portfolio, especially in Brazil and Mexico, which were also impacted by model changes and, in Brazil, by a worse macroeconomic environment, and ii) the increase in provisions at the Corporate Centre to accelerate NPL ratio reductions, improving the Group's credit quality. The cost of risk stood at 1.14%, in line with the Group’s 2025 target.

| January - June2025 |     | 15 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | Underlying income statement |     |                                  |     |                      |     |          |     |       |

| Net loan-loss provisions |     |                |
| EUR million              |     |                |
|                          |     | constant euros |

Other gains (losses) and provisions registered a of EUR 1,664 million loss, compared to EUR 2,386 million loss in H1 2024. This is mainly due to the charge in H1 2024 following the discontinuation of the aforementioned platforms in PagoNxt and the full recognition of the temporary levy on revenue earned in Spain in Q1 2024, compared to its quarterly accrual in 2025, now in the ‘Tax on profit' line. Tax on profit amounted to EUR 2,814 million, 3% lower than in H1 2024 (+1% in constant euros) and includes a EUR 174 million charge in H1 2025 corresponding to the quarterly accrual of the tax on revenue expected in Spain for the year. Profit attributable to the parent in H1 2025 was EUR 6,833 million, 13% more than in H1 2024 (+18% in constant euros).

| Profit attributable to the parent |     |                |
| EUR million                       |     |                |
|                                   |     | constant euros |

RoTE (post-AT1) in H1 2025 stood at 16.0% (15.1% in H1 2024