Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 23

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 23
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1,491 8.4 -8.1 Net fee income 177 6.0 348 10.2 -6.5 Total revenue 891 2.3 1,787 6.5 -9.6 Operating expenses -390 1.0 -787 6.3 -9.8 Net operating income 501 3.4 1,000 6.7 -9.5 LLPs -150 14.7 -285 -19.2 -31.4 Profit before tax 335 0.6 677 19.3 1.2 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €31bn +5% Deposits €35bn +2% Mutual funds €14bn +25% Yield on loans 12.85% -93bps Cost of deposits 3.90% -129bps Efficiency 44.0% -0.1pp Loans €53bn -6% Deposits €55bn +7% Mutual funds €20bn +10% Yield on loans 16.89% +54bps Cost of deposits 8.63% +145bps Efficiency 40.6% +2.4pp Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 1,503 2.3 3,036 -0.7 -13.2 Net fee income 333 -3.1 692 -1.8 -14.2 Total revenue 1,779 -1.1 3,657 -2.6 -14.9 Operating expenses -724 -0.6 -1,485 3.5 -9.6 Net operating income 1,055 -1.4 2,172 -6.3 -18.2 LLPs -713 3.6 -1,431 8.9 -4.9 Profit before tax 156 -29.6 389 -40.3 -47.9 (*) € mn and % change in constant euros. (1) % change in current euros. • Loans increased YoY across products, mainly mortgages. Deposits up in line with our strategy to become all our customers’ primary bank • PBT +19% YoY boosted by a solid performance in NII (higher activity and lower costs of deposits), fees (mutual funds) and LLPs