Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 63

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 63
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       |     |      +26 |
| PBT                                         |     |     9 |     |  -31 |       |     |      -11 |     |    22 |     |  -286 |     |   — |       |     |        — |
| Underlying attrib. profit                   |     |    11 |     | +150 |       |     |     +224 |     |    16 |     |  -304 |     |   — |       |     |        — |
| Detailed financial information in appendix. |     |       |     |      |       |     |          |     |       |     |       |     |     |       |     |          |

Cards Business performance Our customers' card activity continued to increase across all types of payments. The number of transactions grew 6% year-on-year, reaching EUR 7.4 billion, and card spending in H1 2025 reached EUR 166.1 billion, a 9% year-on-year increase in constant euros. Credit card spending rose 15% year-on-year in constant euros, above debit card growth and in line with our strategy and value proposition. Gross loans and advances to customers, excluding reverse repos and in constant euros, rose 16%, with double-digit growth in most of our countries.

| Cards. Activity                           |
| Spending                                  |
| EUR billion and changes in constant euros |

| +9% |

Results In H1 2025, attributable profit amounted to EUR 319 million, 3% less than in the same period of 2024. In constant euros, profit rose 6%, by line: • Total income increased 17% year-on-year, boosted by double-digit growth in net interest income (+20%) and net fee income (+12%), driven by higher credit card activity across all our countries. • Costs rose 4%, well below revenue, despite our investment in platforms, as a result of our focus on structurally improving our operational efficiency. • Net loan-loss provisions increased 29%, driven by strong portfolio growth, macro outlook and the impact from regulatory changes in models in Brazil and model updates in Mexico. In H1 2025, RoTE (post-AT1) in Cards was 25.3%. Compared to Q1 2025, attributable profit rose 68% in constant euros, driven by record levels in NII (mainly driven by higher yields in Brazil and lower funding costs in Mexico) and net fee income (particularly