Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 42

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 42
---
9 |          |     |  +9 |     |  8,356 |     | +1 |          |     | +4 |
| Underlying attrib. profit                   |     |       |     |  1,984 |     | +11 |          |     | +11 |     |  5,670 |     | +5 |          |     | +9 |
| Detailed financial information in appendix. |     |       |     |        |     |     |          |     |     |     |        |     |    |          |     |    |

| January - September2025 |     | 33 |

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

|              |     | RETAIL SPAIN |     | Profit before tax |
| EUR 2,447 mn |     |              |     |                   |

Commercial activity and business performance Commercial activity remained strong, supported by customer growth and improving engagement and digital adoption. We continued to gain market share in payrolls and pensions and use of Bizum increased. Gross loans and advances to customers, excluding reverse repos, decreased 2% year-on-year affected by the decrease in SMEs, due to ICO maturities and corporates, in line with our focus on active risk management and balance sheet optimization. This was partially offset by an improvement in personal loans, reflecting our engagement strategy. Customer deposits, excluding repos, increased 5% year-on-year mainly due to demand deposits driven by our new value proposition for Select customers, supporting customer acquisition and improving our deposit mix. Mutual funds improved 14%. As a result, customer funds rose 7%. Results Profit before tax in 9M 2025 reached EUR 2,447 million, 10% higher than in 9M 2024, partially driven by impact of the temporary levy on revenue earned in Spain, which was recorded in full in Q1 2024 in other gains (losses) and provisions (accrued quarterly in taxes in 2025). By line: • Total income was 2% lower, in line with the decrease in the portfolio, mainly due to the decline in net interest income in a lower interest rate environment. Net fee income fell 1%, impacted by securitizations and partially offset by mutual funds and insurance fees. • Costs were stable. In real terms, costs