Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 9

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 9
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€ mn) CostsFees 644 616 618 660 716 Q1'24 Q2 Q3 Q4 Q1'25 +11% +9% 81 78 Q1'24 Q1'25

13 Q1’25 FINANCIALS Net sales (SAM) Net new money (PB) Gross written premiums Note: data and YoY changes in constant euros. (1) Annualized YTD net new money as a % of PB’s 2024 customer assets and liabilities (CAL). Annualized YTD net sales as a % of SAM’s 2024 AuMs. (2) Includes deposits and off-balance sheet assets. (3) Includes all fees generated by Santander Asset Management and Insurance, even those ceded to the commercial network, which are recorded in Retail’s P&L. Private Banking Santander Asset Management Insurance Assets under management2 (€ bn) Collaboration fees (€ bn) Revenue including ceded fees3 (€ bn) of volumes1 Efficiency 36.5% -1.4pp Profit €471mn +28% RoTE post-AT1 68.0% -2.1pp 127 147 Q1'24 Q1'25 104 135 Q1'24 Q1'25 of volumes1 649 665 Q1'24 Q1'25 461 511 Mar-24 Mar-25 KEY DRIVERS 1.5 1.6 Q1'24 Q1'25 Revenue (€ mn) +2% +15% +30% +11% +12% • Increased focus on higher-margin investment solutions and services, improving recurrency levels • Volumes reached new record levels, backed by sound commercial dynamics, both in PB (+9% customers) and SAM (+14% AuMs), and positive market performance • Strong profit growth supported by solid revenue performance across businesses, reflecting our focus on fee generating activities €2.7bn +4% +10% €5.7bn 7% €4.8bn 8% 0.9 1.1 Q1'24 Q1'25 Wealth: strong profit growth, with revenue growth across business lines and collaboration fees up double-digits

14 Note: data and YoY changes in constant euros. (1) Transactions include merchant payments, cards and electronic A2A payments. (2) Payments volume includes PagoNxt Total Payments Volume (TPV) in Getnet and Cards spending.