Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 20

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 20
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 19 24 19 24 10 13 9 13 Group excl. ArgentinaGroup Att. profit like-for-like Spanish banking tax1 Note: underlying P&L. (1) YoY attributable profit growth if we accrue the 2024 temporary levy on revenue earned in Spain, in line with the criteria used for the banking tax in Spain in 2025.

35 Group P&L QoQ variations and excluding Argentina Fees NII 2,968 3,073 3,197 Costs LLPs Revenue 2,914 2,986 3,085 Q1'24 Q2 Q3 Q4 Q1'25 14,273 15,059 15,033 10,548 10,946 10,962 -0% +0% +4% Constant €mn 6,078 6,380 6,266 -2% Group excl. ArgentinaGroupQ1’25 vs. Q4’24 Group quarterly performance excluding Argentina +3% Note: underlying P&L. P&L Current Constant Current Constant € million % % % % NII -5 -6 1 0 Net fee income 1 0 5 4 Other income 14 14 -16 -16 Total revenue -3 -4 0 -0 Operating expenses -4 -5 -1 -2 Net operating income -2 -3 2 1 LLPs 2 1 4 3 Other results -55 -55 -51 -52 Attributable profit 4 4 10 10

36 Appendix Aligning financial reporting to recent changes in our management structure 2025 Investor Day targets summary Group P&L and excluding Argentina Detail by global business and country Reconciliation of underlying results to statutory results Glossary

37 Detail by global business

38 KEY DATA Retail & Commercial Banking Note: Mar-25 data and YoY changes (loans, deposits and mutual funds in constant euros). (2) YoY attributable profit growth if we accrue the 2024 temporary levy on revenue earned in Spain, in line with the criteria used for the banking tax in Spain in 2025. P&L HIGHLIGHTS Underlying P&L* Q1'25 % Q4'24 % Q1'24 % Q1'24¹ NII 6,721 -6.2 -1.9 -5.9 Net fee income 1,210 3.1 6.7 0