Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 11

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 11
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 compared to EUR 480 million in 9M 2024, and mainly included results from Insurance in Wealth and Consumer. • Other operating income recorded a loss of EUR 245 million, compared to a EUR 980 million loss in 9M 2024, which was impacted by a larger hyperinflation adjustment in Argentina and the temporary levy on revenue earned in Spain, which was recorded in full in Q1 2024 (EUR 335 million), whereas in 9M 2025, the expected tax on income obtained in Spain for the year is accrued under 'Tax expense or income from continuing operations'. In summary, we saw a resilient performance in total income, reflecting our diversification and global scale, even in the current interest rate environment.

| Total income |
| EUR million  |

| January - September2025 |     | 11 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | Statutory income statement  |     |                                  |     |                      |     |          |     |       |

Operating expenses Operating expenses in 9M 2025 amounted to EUR 18,379 million, 1% lower year-on-year, reflecting our progress in transformation. Our cost management continued to focus on further improving our structural efficiency and, as a result, we remain one of the most efficient banks in the world. We continued to drive our business model transformation plan, ONE Transformation, across our footprint, reflected in greater operational leverage and better commercial dynamics.

| Operating expenses |
| EUR million        |

Provisions or reversal of provisions Provisions (net of provisions reversals) amounted to EUR 2,019 million. In 9M 2024, this line totalled EUR 2,292 million, affected by the charge in PagoNxt following the discontinuation of our Superdigital platform in Latin America in Q2 2024. Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net) Impairment of financial assets not measured at fair value through profit or loss (net) was EUR 9,372 million and included provisions in Q2 2025 which strengthen the balance sheet after having updated macroeconomic parameters in Brazil’s credit provisioning models. In 9M 2024, the impairment was EUR 9,131 million. Impairment on other assets (net