Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 30

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 30
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 Total revenue 1,178 3.8 3,376 19.8 10.6 Operating expenses -305 1.0 -929 5.7 -0.1 Net operating income 872 4.8 2,448 26.1 15.2 LLPs -506 6.1 -1,466 29.2 16.9 Attributable profit 204 3.4 523 18.7 9.8 (*) € mn and % change in constant euros. (1) % change in current euros. EBITDA margin +8.9pp • 107 million cards managed across the Group, with solid customer activity (spending +8% and average balance +15%) • Profit up 19% YoY, with NOI +26%, boosted by double-digit revenue growth (credit card activity). LLPs impacted by loan growth and by model changes and updates, in a less favourable macro environment • Profit +3% QoQ, with revenue up to record levels, mainly driven by fees, thanks to our debit-to-credit strategy and in commercial cards which have a higher interchange fee • TPV up 15% and the number of transactions +8% YoY in Getnet, mainly driven by Mexico, Chile and Europe • Profit up more than €100mn YoY (excluding write-downs in Q2’24) driven by revenue (+18%, higher activity) and stable costs (PagoNxt Payments and Getnet). EBITDA margin rose to 31.6% (+9pp) • Positive profit for four consecutive quarters, with structural cost savings from the use of our platforms Getnet TPV €174bn +15% Getnet number of transactions +8% Average balance €23bn +15% €250bn +8%

44 • NII affected by lower interest rates • Gain / losses on financial transactions improved with a lower impact from foreign currency hedges • Costs up due to higher IT expenses • LLPs and other provisions increased particularly in H1’25 impacted by our NPL ratio reduction plan, which improves the Group's credit quality • The sum of the rest of the lines improved YoY, mainly due to lower tax pressure • Attributable loss fairly stable YoY Corporate Centre HIGHLIGHTSP&L Underlying P&L* 9M'25 9M'24 NII -364 -195 Gains / losses on financial transactions -135 -429 Operating expenses -285 -275 LLP