Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000103
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 8
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 50% payout target 2 , and AT1 costs), -6 bps from regulatory headwinds (mostly relating to capital model changes) and -8 bps from markets and others.

Note: in this section, results are presented on an underlying basis and loans and advances to customers, customer funds and other metrics include Poland, in line with previously published quarterly information, i.e. maintaining the same perimeter that existed at the time of the announcement of the Poland disposal. For further information, see the ' Significant e vents in the period ' and ' Alternative performance measures ' sections in this report.

1. CET1 ratio on phased-in basis, calculated in accordance with the transitory treatment of the CRR.

2. In line with our current ordinary shareholder remuneration policy of approximately 50% of the Group's reported profit (excluding non-cash, non-capital ratios impact items), divided approximately equally between cash dividends and share buybacks. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals.

| 8 |     | January- June2025 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | Highlights of the period    |     |                                  |     |                      |     |          |     |       |

| Think Value |

| SHAREHOLDER REMUNERATION |     |                                                 |
| EUR million              |     |                                                 |
| +19%                     |     | higher than cash dividends against 2023 results |
| TNAVps + CASH DPS        |     |                                                 |
| nCash DPS: €21.0 cents   |     |                                                 |
| +16%                     |     |                                                 |
| / Jun-24                 |     |                                                 |

u On 4 April 2025, the AGM approved a final cash dividend charged against 2024 results in the gross amount of EUR 11.00 cents per share paid on 2 May 2025. Including the interim cash dividend paid in November 2024 (EUR 10.00 cents), the total cash dividend per share paid against 2024 results was EUR 21.00 cents , around 19% more than the dividends paid against 2023 results. u Additionally, we completed two share buyback programmes for a total of EUR 3,112 million. The Group has now repurchased more than