Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 25

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 25
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pp AuMs Net new money (PB) Net sales (SAM) Gross written premiums Efficiency RoTE Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023 ¹ NII 394 -3.4 1,627 8.2 7.6 Net fee income 405 10.5 1,489 19.2 18.0 Total revenue 944 1.5 3,661 15.4 14.0 Operating expenses -383 20.7 -1,313 9.2 8.0 Net operating income 561 -8.3 2,348 19.3 17.7 LLPs -17 57.4 -41 — — Attributable profit 384 -13.8 1,650 13.9 12.5 Contribution to profit3 821 -9.1 3,399 11.9 9.1 (*) € mn and % change in constant euros. (1) % change in current euros.

45 Payments Note: Dec-24 data and YoY changes in constant euros. In PagoNxt, a negative growth rate in profit indicates a lower loss. Number of cards managed by Cards is 102 million, as it excludes those managed by Digital Consumer Bank including Openbank (3 million cards). (2) Excluding a one-time positive fee recorded in Q1 2023 from commercial agreements in Brazil. Cards • TPV up 13% and number of transactions +5% YoY in Getnet, driven by Europe, Mexico and Chile • Revenue rose 14% with a widespread increase in business activity across countries, supporting EBITDA margin improvement to 27.5% • Profit improved YoY excluding write-downs of our investments in Q2’24 • 105 million cards managed across the Group • Solid growth YoY in customer activity, driving an 11% increase in the average balance with turnover up 9%, boosted by a larger card pool and greater use of cards by our customers • Revenue +9% YoY, excluding positive one-off2 in Q1’23. High profitability with RoTE at 32.6% 24.8% 27.5% 2023 2024 Getnet Total Payments Volume (TPV) Number of transactions EBITDA margin Cards Average balanceTurnover €22bn +11% +2.7pp €222bn +