Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 12

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 12
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) The impairment on other assets (net) was EUR 188 million. In 9M 2024, the impairment on other assets totalled EUR 435 million, including the charges in PagoNxt following the discontinuation of our merchant platform in Germany in Q2 2024. Gains or losses on non-financial assets and investments (net) This line recorded a loss of EUR 22 million in 9M 2025. In the same period in 2024, net gains were EUR 371 million, which included a capital gain of EUR 352 million generated upon closing the agreement with Sodexo in Brazil in Q2 2024.

Negative goodwill recognized in results In 9M 2025, negative goodwill recognized in results was EUR 22 million relating to the acquisition of CrediScotia Financiera from Scotiabank which expands Consumer's presence in Peru. There was no negative goodwill recorded in 9M 2024. Gains or losses on non-current assets held for sale not classified as discontinued operations This item, which mainly includes impairments of foreclosed assets, recorded a EUR 212 million gain in 9M 2025 which included a capital gain of EUR 231 million in Q2 2025 from the sale of Santander’s remaining 30.5% stake in CACEIS. In 9M 2024, this line recorded a loss of EUR 51 million. Profit or loss before tax from continuing operations Profit before tax was EUR 13,761 million in 9M 2025, up 5% year-on-year, supported by the solid net fee income performance, lower costs, the impact of the full recognition of the temporary levy on revenue earned in Spain in Q1 2024 in the other operating income line and the charge in Q2 2024 following the aforementioned discontinuation of platforms in PagoNxt. Tax expense or income from continuing operations Total tax expense in 9M 2025 amounted to EUR 3,560 million which includes EUR 263 million corresponding to the quarterly accrual of the expected tax on income obtained in Spain for the year. In 9M 2024, tax expense was EUR 3,919 million. Profit or loss after tax from discontinued operations Profit from discontinued operations totalled EUR 1,152 million in 9M 2025 compared to EUR 979 million in 9M 2024. This line includes the results associated with the Poland disposal,