Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 41

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 41
---
 euros, rising across most countries. Overall, customer funds increased 6% year-on-year in constant euros.

| Retail. Business performance.September 2025    |     |    |     |     |     |     |
| EUR billion and YoY % change in constant euros |     |    |     |     |     |     |
| 597                                            |     | 0% |     | 759 |     | +6% |

| Others |

| Others |

| Gross loans and advances to customers excl. reverse repos |     | Customer deposits excl. 
 repos + mutual funds    |

Results Attributable profit in 9M 2025 was EUR 5,670 million, 5% higher year-on-year. In constant euros, profit rose 9% year-on-year, by line: • Total income increased 1% driven by positive net fee income and a lower hyperinflation adjustment in Argentina more than offset lower gains on financial transactions and a slight decrease net interest income. Net interest income decreased 1% year-on-year due to Argentina, where interest rates were strongly down in the previous twelve months. However, if we exclude Argentina, net interest income increased 1%, growing in most countries, even in a less favourable interest rate environment. Of note were Chile, supported by a lower cost of deposits, Mexico due to volumes and a lower cost of deposits and the UK driven by higher mortgage profitability and a lower cost of deposits, as well as higher activity in Poland.

Our more targeted products and services offering and hyper-personalization contributed to 5% net fee income growth, mainly driven by mutual funds, FX and insurance. By country, net fee income increased particularly in Argentina, Mexico and the UK.

| Retail. Total income.9M 2025                   |
| EUR million and YoY % change in constant euros |

| Others |

| Var |
| -2% |
| +2% |
| +7% |
| -5% |
| +4% |

| Retail |     | EUR 23,337 mn |     | +1% |

• Costs increased 1% year-on-year. In real terms, they declined 2%, reflecting our transformation efforts through organizational simplification, process automation and the roll out of our global platform. • Net loan-loss provisions continued to perform well, decreasing 1% year-on-year, mainly in Poland, Spain and Mexico, which more than offset the rise in Argentina due to higher volumes and normalization in Chile and the UK