Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004378
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 4
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antander.com/content/dam/santander-com/es/documentos/informacion-sobre-resultados-semestrales-y-anuales-suministrada-a-la-sec/2025/sec-2024-annual-20-f-2024-disponible-solo-en-ingles-es.pdf),
as well as the section “Alternative performance measures” of Banco Santander, S.A. (Santander) 2024 Annual Report, published
on 28 February 2025 (https://www.santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2024/ifa-2024-consolidated-annual-financial-report-en.pdf).
Underlying measures, which are included in this document, are non-IFRS measures. The businesses included in each of our geographic
segments and the accounting principles under which their results are presented here may differ from the businesses included and local
applicable accounting principles of our public subsidiaries in such geographies. Accordingly, the results of operations and trends shown
for our geographic segments may differ materially from those of such subsidiaries.

Forward-looking statements

Banco Santander hereby warns that this document
contains 'forward-looking statements', as defined by the US Private Securities Litigation Reform Act of 1995. Such statements can be understood
through words and expressions like 'expect', 'project', 'anticipate', 'should', 'intend', 'probability', 'risk', 'VaR', 'RoRAC', 'RoRWA',
'TNAV', 'target', 'goal', 'objective', 'estimate', 'future', 'ambition', 'aspiration', 'commitment', 'commit', 'focus', 'pledge' and similar
expressions. They include (but are not limited to) statements on future business development, shareholder remuneration policy and NFI.
However, risks, uncertainties and other important factors may lead to developments and results that differ materially from those anticipated,
expected, projected or assumed in forward-looking statements.

The important factors below (and others described
elsewhere in this document), as well as other unknown or unpredictable factors, could affect our future development and results and could
lead to outcomes materially different from what our forward-looking statements anticipate, expect, project or assume:(1) general economic
or industry conditions (e.g., an economic downturn; higher volatility in the capital markets; inflation; deflation; changes in demographics,
consumer spending, investment or saving habits; and the effects of the wars