Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 28

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 28
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ized YTD net new money as a % of PB’s 2024 customer assets and liabilities (CAL). Annualized YTD net sales as a % of SAM’s 2024 AuMs. (2) Includes all fees generated by Santander Asset Management and Insurance, even those ceded to the commercial network. KEY DATA GWPs AuMs €514bn +11% of volumes1 of volumes1 €5.6bn +6% Efficiency 35.7% -1.5pp RoTE post-AT1 67.3% -7.0pp Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 354 -3.4 729 -15.8 -17.1 Net fee income 423 3.6 842 20.2 16.8 Total revenue 1,012 1.7 2,032 13.8 10.6 Operating expenses -354 -2.1 -726 9.0 6.1 Net operating income 659 3.8 1,306 16.7 13.2 LLPs -13 74.1 -21 23.3 21.5 Attributable profit 477 3.3 948 23.5 19.3 Contribution to profit 895 0.8 1,783 14.9 15.0 (*) € mn and % change in constant euros. (1) % change in current euros. • We continue to build the best wealth and insurance manager in Europe and the Americas, leveraging our leading global private banking platform and our best-in-class funds and insurance product factories • AuMs reached a new record of €514bn (+11% YoY), backed by solid commercial activity, both in PB and SAM, and a positive market performance. GWPs rose 6% YoY, with a strong performance in life savings business • Profit increased double digits YoY, supported by solid revenue performance across businesses (fees and revenue from Insurance JVs and from Portfolio Investments), reflecting our focus on fee generating activities • Double-digit growth in total fee contribution2 and total contribution to Group profit2 (+11% and +15% YoY, respectively) • Efficiency improved 1.5pp to 35.7% and RoTE was 67% • Profit rose 3% QoQ driven by solid revenue growth, backed by higher