Company: BCDRF
Filing Date: 2025-05-05
Form Type: 6-K
Source: 0000950103-25-005720
Chunk: 6

Company: Banco Santander, S.A.
Filing Date: 2025-05-05
Form: 6-K
Chunk 6
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 Securities and Exchange Commission (the SEC) on 28 February 2025 (https://www.santander.com/content/dam/santander-com/en/documentos/informacion-sobre-resultados-semestrales-y-anuales-suministrada-a-la-sec/2025/sec-2024-annual-20-f-2024-en.pdf),
as well as the section “Alternative performance measures” of Banco Santander, S.A. (Santander) Q1 2025 Financial Report, published
on 30 April 2025 (https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information#quarterly-results). 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

Santander hereby warns that this document contains
“forward-looking statements” as per the meaning of the U.S. 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 and shareholder remuneration policy.

While these forward-looking statements represent
our judgement and future expectations concerning our business developments and results may differ materially from those anticipated, expected,
projected or assumed in forward-looking statements.

In particular, the important factors below (and
others described elsewhere in the documents mentioned above), 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: (a) 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