Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000031
Chunk: 2

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 2
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) the buybacks resulting from application of our existing shareholder remuneration policy plus ii) additional buybacks to distribute excesses of our CET1. Existing shareholder remuneration policy defined as c.50% of Group reported profit (excluding non-cash, non-capital ratios impact items), distributed c.50% in cash dividends and c.50% in share buybacks. The implementation of the shareholder remuneration policy and any share buybacks to distribute CET1 surpluses are subject to future corporate and regulatory decisions and approvals. Note: Reconciliation of underlying results to statutory results, available in the ‘Alternative Performance Measures’ section of the financial report at CNMV and at santander.com.

Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander 2 Underlying income statement* EUR million 2024 2024 v 2023 2024 v 2023 (ex FX) Q4’24 Q4’24 v Q4’23 Q4’24 v Q4’23 (ex FX) Total income 62,211 +8% +10% 16,026 +10% +15% Operating expenses -26,034 +2% +4% -6,772 +5% +8% Net operating income 36,177 +12% +15% 9,254 +14% +20% Net loan-loss provisions -12,333 -1% +2% -3,114 -9% -3% Profit before tax 19,027 +14% +16% 4,600 +17% +23% Attributable profit 12,574 +14% +15% 3,265 +11% +16% Earnings per share (euro cents) 77 +18% - 0.20 +16% - (*) All references to variations in constant euros include Argentina in current euros. Summary of statutory figures at the end of this press release. Underlying business performance All variations are year-on-year unless otherwise stated. Santander achieved an attributable profit of €12,574 million in 2024, a 14% increase versus 2023, thanks to strong revenue growth across all global businesses and regions, as well as the addition of eight million new customers to 173 million, with record results for the third year in a row