Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 129

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 129
---
 in the asset portfolio.

• Decrease of EUR 27million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate -increase from 3.00% to 3.60%-.

• Decrease of EUR 21million in the accumulates actuarial losses relating to the Group´s entities in Germany, mainly due to the evolution experienced by the discount rate -increase from 3.56% to 3.94%-.

• Increase of EUR 20million in the cumulative actuarial losses relating to the Group's businesses in Portugal, mainly due to the behaviour of the asset portfolio.

• Increase of EUR 17million in the cumulative actuarial losses relating to the Group's businesses in other geographical areas.

In second place, due to the evolution of exchange rates, a EUR 100million decrease, mainly due to the depreciation of the pound sterling.

e) Other comprehensive income - Items not reclassified to profit or loss – Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income

Includes the net amount of unrealised fair value changes in equity instruments at fair value with changes in other comprehensive income.

Below is a breakdown of the composition of the balance as of 30 June 2025 and 31 December 2024 under 'Other comprehensive income - Items not reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income' depending on the geographical origin of the issuer:

|                        |     | EUR million       |       |     |                    |        |     |                                |        |     |            |       |     |                   |     |     |                    |        |     |                                |        |     |            |       |
|                        |     | 30-06-2025        |       |     |                    |        |     |                                |        |     |            |       |     | 31-12-2024        |     |     |                    |        |     |                                |        |     |            |       |
|                        |     | Revaluation gains |       |     | Revaluation losses |        |     | Net revaluation gains/(losses) |        |     | Fair value |       |     | Revaluation gains |     |     | Revaluation losses |        |     | Net revaluation gains/(losses) |        |     | Fair value |       |
| Equity