Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000076
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 4
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4 earnings, amounting to approximately €3.1 billion in total; upon completion, the bank will have bought back 14% of its outstanding shares since November 2021. As a result, total shareholder remuneration against 2024 results will be approximately €6.3 billion. Outlook Santander is on track to meet all its 2025 targets including revenue of c.€62 billion; mid-high single digit net fee income growth in constant euros; cost base down in euros; cost of risk of c.1.15%; CET1 of 13% (operating range of 12-13%); and RoTE of c.16.5% post-AT1. The bank expects growth in profitability in 2025, with stable revenue and falling costs, thanks to: • Diversification: Santander’s market and business diversification enables it to deliver sustainable, profitable growth. • Transformation: The deployment of shared technology platforms is delivering consistent improvements in operating leverage (better revenue performance compared to costs) with costs expected to fall in 2025. 3 Dec-24 ratio on a fully-loaded basis (as published in the Q4 2024 Financial Report), excluding the transitory treatment of IFRS 9 and the CRR2. Mar-25 ratio on phased-in basis, calculated in accordance with the transitory treatment of the CRR. 4 Our current ordinary shareholder remuneration policy is to distribute 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 and share buybacks to distribute the excess CET1 capital is subject to future corporate and regulatory decisions and approvals. Note: targets market dependent. Based on macro assumptions aligned with international economic institutions. TNAVps + Cash DPS includes the €10.00 cent cash dividend per share paid in November 2024, executed as part of the shareholder remuneration policy. (1) CET1 ratio phased-in CRR.

Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander 4 • Network businesses: Santander will further leverage its network effect, which helps the bank do more with less, utilizing its products and global businesses, such as CIB and the commercial banks. Global businesses