Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 37

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 37
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 up 8% YoY, resulting in strong volume growth across most businesses and products • Net operating income +7% YoY, driven by fees (mainly transactional) and lower hyperinflation adjustment, with NII affected by lower interest rates. Profit impacted by higher LLPs (volumes and CoR normalization) • Profit grew QoQ, backed by double-digit increases across most revenue lines ARGENTINE PESO Loans €9bn +67% Deposits €11bn +107% Mutual funds €6bn +101% Efficiency 43.5% +2.9pp CoR 5.09% +29bps RoTE post-AT1 21.8% -16.9pp Underlying P&L* Q2'25 Q1'25 % Q1'25 H1'25 H1'24 % H1'24 NII 523 416 25.7 939 1,423 -34.0 Net fee income 217 172 25.9 390 204 90.9 Total revenue 641 504 27.1 1,145 1,020 12.2 Operating expenses -275 -223 23.3 -498 -414 20.2 Net operating income 366 281 30.2 647 606 6.8 LLPs -133 -76 76.1 -209 -66 218.6 Attributable profit 134 129 3.9 262 265.9 -1.4 (*) € mn and % change in current euros. ARGENTINA

52 Appendix 2025 Investor Day targets summary Group P&L QoQ and excluding Argentina CET1 performance YTD Detail by global business and country Reconciliation of underlying results to statutory results Glossary and additional notes

53 Reconciliation of underlying results to statutory results EUR mn (1) Includes exchange differences. (2) Non-controlling interests in the statutory results column reflect all non-controlling interests, including those from Poland. Explanation of H1’25 adjustments: • In accordance with IFRS 5 requirements, in the statutory income statement in H1 2025, results subject to the Poland disposal have been reported under 'discontinued operations’. However, in the underlying income statement the results from Poland have been reclassified so that they are reported line by line and disaggregated in each of the corresponding line items. • Additionally, regarding results that fall outside the ordinary course of our business