Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 34

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 34
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 9.4 -7.2 Operating expenses -617 1.2 -1,245 9.3 -7.3 Net operating income 887 4.0 1,765 9.4 -7.2 LLPs -302 2.3 -607 -0.8 -15.9 Attributable profit 400 4.5 794 11.5 -5.4 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €106bn -1% Deposits €83bn +3% Mutual funds €14bn +16% Efficiency 49.5% -1.0pp CoR 1.69% -37bps RoTE post-AT1 11.0% +2.3pp Loans €44bn +6% Deposits €41bn +4% Mutual funds €21bn +22% Efficiency 41.4% -0.0pp CoR 2.53% -17bps RoTE post-AT1 21.0% +2.3pp • Loans slightly down reflecting our focus on profitability and capital- light business. Deposits grew, driven by good performance in Consumer • Profit +28% YoY, driven by revenue growth (both NII and fees) and better LLPs in Consumer (resilient customer behaviour, improved used car prices and stable labour market) • Profit up 9% QoQ, supported by NII growth (margin management), lower LLPs (auto) with flat costs • New digital features, enhanced and value-added offerings as well as commercial alliances continue to drive loan and deposit growth • Profit +11% YoY, boosted by a solid NII performance (activity and lower cost of deposits), fees (mutual funds) and LLPs (better credit quality), which more than offset our investments in transformation • Profit up 5% QoQ, driven by revenue (NII and GFT) and cost control, which more than offset LLPs (single names in corporates and models)

50Note: Jun-25 data and YoY changes (loans, deposits and mutual funds in constant euros). BRAZIL Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 2,338 1.6 4,740 3.7 -9.5 Net fee income 757 -0.