Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 13

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 13
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 Consumer up driven by NII, both in DCBE and DCB US, as a result of our focus on profitability and lower funding costs • CIB: record revenue again in H1’25 on the back of a strong start to the year in Global Markets • Wealth up double-digits, with all business lines growing on the back of record AuMs and market performance • Payments boosted by double-digit growth in NII and fees, in both PagoNxt and Cards, driven by activity improvement DETAIL BY BUSINESS Constant € mn 14,629 15,010 14,976 15,891 15,322 15,688 Q1'24 Q2 Q3 Q4 Q1'25 Q2 +2% +2% +9% +14% +17% +5% +5%

19 +2% 2.97% 2.89% 2.79% 2.92% 2.73% 2.78% +1% Excl. Argentina vs. H1’24 +4% NII up both YoY and QoQ, with solid performances across most global businesses on the back of effective balance sheet management NIM Performance NII NET INTEREST INCOME AND NIM Note: NIM = NII / Average earning assets in current euros. Data and YoY % changes in constant euros. NIM Quarterly Constant € mn 2.76% -1.13 -0.13 2.93% +0.33 +0.76 H1'24 Asset yields Asset volumes Liability costs Liability volumes H1'25 • >80% of Group NII is from our Retail and Consumer businesses • Excluding Argentina, NII up 4% YoY with most businesses growing: − Retail +3%, on the back of solid balance sheet management, particularly in Chile, the UK, Mexico and Poland − Consumer rose 4% with growth across our footprint supported by a general improvement in spreads and volumes − CIB +13% YoY, backed by higher activity in Global Markets − Payments +22%, driven by higher volumes across the board in Cards • NII +2% QoQ, less affected by Argentina, with generalized growth: − Retail up, supported by strong growth in the Americas − Consumer (+4%) boosted by DCB Europe and LatAm − Strong growth in CIB and Payments driven by solid activity levels NET INTEREST INCOME • NIM YoY trends affected by distortions from Argentina (