Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 60

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 60
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-year, reaching EUR 11.3 billion. Spending rose 8% year-on-year in constant euros, mainly driven by credit cards (+13% year-on-year), increasing across countries. This growth is accompanied by an improvement in the quality of service, resulting in increases in our share of wallet. Gross loans and advances to customers, excluding reverse repos and in constant euros, rose 14%, with double-digit growth in most of our countries.

| Cards. Activity                           |
| Spending                                  |
| EUR billion and changes in constant euros |

| +8% |

Results In 9M 2025, attributable profit was EUR 523 million, 10% higher year-on-year. In constant euros, profit rose 19%, by line: • Total income increased 20% year-on-year, supported by higher activity. There was notable growth in net interest income (+22%, with double-digit growth in most of our countries) and net fee income (+14%), driven by greater activity in credit cards resulting from our debit-to-credit strategy and in commercial cards which have a higher interchange fee. • Costs rose 6%, well below revenue, despite our investment in platforms and business growth. As a result, net operating income increased 26%. • Net loan-loss provisions increased 29%, driven by strong generalized loan growth and by model changes and updates, in a less favourable macro environment in some of our countries. In 9M 2025, RoTE (post-AT1) in Cards was 27.3%. Compared to Q2 2025, attributable profit rose 3% in constant euros, driven by record revenue, boosted by net fee income (mainly in Brazil and Argentina, which includes a positive one-off fee in Q3), and despite the impact of Argentine peso depreciation in net interest income and LLPs (excluding Argentina, both improved 2%).

| Cards. Underlying income statement          |     |       |     |    |       |     |          |     |        |     |     |       |     |          |
| EUR million and % change                    |     |       |     |    |       |     |          |     |        |     |     |       |     |          |
|                                             |     |       |     |  / | Q2'25 |     |          |     |        |     |   / | 9M'24 |     |          |
|                                             |     | Q3'25 |     |  % |       |     | excl