Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 32

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 32
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 performance in NII and LLPs QoQ. Profit affected by A2A transfer regulatory change impact on fees and lower GFT (CIB seasonality)

48Note: Jun-25 data and YoY changes (loans, deposits and mutual funds in constant euros). PORTUGAL POLAND Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 NII 336 -3.3 684 -18.9 Net fee income 129 2.7 255 5.0 Total revenue 489 -2.7 992 -13.1 Operating expenses -134 -1.6 -269 0.7 Net operating income 356 -3.1 723 -17.3 LLPs -5 — 9 — Attributable profit 247 -11.3 525 -6.7 (*) € mn and % change. Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 736 0.2 1,480 4.8 7.0 Net fee income 184 -1.6 373 7.9 10.1 Total revenue 959 10.0 1,842 5.5 7.6 Operating expenses -256 1.5 -512 7.6 9.7 Net operating income 703 13.5 1,330 4.7 6.8 LLPs -43 -44.1 -120 -60.3 -59.5 Attributable profit 219 -6.4 457 15.8 18.2 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €40bn +5% Deposits €40bn +5% Mutual funds €5bn +16% Efficiency 27.1% +3.7pp CoR 0.00% -12bps RoTE post-AT1 31.1% +2.6pp Loans €40bn +6% Deposits €52bn +10% Mutual funds €7bn +21% Efficiency 27.8% +0.5pp CoR 0.86% -95bps RoTE post-AT1 22.5% +3.8pp • Customer growth is driving a strong increase in loans, mainly in Retail and CIB. Depos