Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 22

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 22
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), on track to achieve our 2025 target of proximally 16.5%. RoRWA was 2.36% (2.07% in H1 2024) and earnings per share stood at EUR 0.43 (EUR 0.37 in H1 2024).

Underlying results performance compared to the previous quarter Regarding results that fall outside the ordinary course of our business and are therefore excluded from underlying income statement, in Q2 2025 the ‘net capital gains and provisions’ line includes the two aforementioned events of the same value but opposite signs. In contrast, in Q1 2025, no impacts outside our ordinary course of business occurred and, therefore, no amount was recorded under the line ‘net capital gains and provisions’. As a result, underlying profit attributable to the parent and profit attributable to the parent were the same both in Q2 2025, at EUR 3,431 million, and in Q1 2025, at EUR 3,402 million. Compared to Q1 2025 , profit in Q2 2025 increased 1%. In constant euros it increased 4%, by line: • Total income remained above EUR 15 billion, and increased 2%, with the following breakdown by line: • Net interest income increased 2%, with solid performances across most businesses, particularly in CIB (+10%) due to double-digit growth in Global Banking (Structured Finance and Syndicated Loans ), Consumer, where it rose 4%, mainly due to DCB Europe, though NII in Latin America also performed well, and Payments (+9%) mainly due to higher activity in Cards. Of note was the resilient NII in Retail (+1%), even in a less favourable interest rate environment. • Net fee income increased 1% quarter-on-quarter as the positive performances across most businesses, particularly in Payments (driven by higher activity), offset weaker results in CIB following an exceptionally strong Q1 2025. • Gains on financial transactions fell 40%, mainly affected by a weaker quarter in CIB after strong performance in Global Markets in Q1 2025 favoured by higher volatility. • Operating expenses in Q2 2025 rose 1% quarter-on-quarter, mainly due to the increases in Retail and CIB. • Net loan-loss provisions decreased 1% driven by good performance in Consumer across its main markets, which more than offset the increase in CIB, impacted by single names. • Other gains (losses) and provisions recorded