Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 431

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 431
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            |   |  14.4 |     |  10,764 |
| Non-controlling interests                                         |     |  -1,170 |     |  -1,133 |     |          |    -37 |     |   |   |   3.3 |            |   |   5.3 |     |  -1,159 |
| Net capital gains and provisions                                  |     |       — |     |       — |     |          |      — |     |   |   |     — |            |   |     — |     |       — |
| Profit attributable to the parent                                 |     |  12,574 |     |  11,076 |     |          |  1,498 |     |   |   |  13.5 |            |   |  15.3 |     |   9,605 |
| Underlying profit attributable to the parentA                     |     |  12,574 |     |  11,076 |     |          |  1,498 |     |   |   |  13.5 |            |   |  15.3 |     |   9,605 |

A. Excluding net capital gains and provisions.

For more details, see note 52.c to the consolidated financial statements.

Annual report 2024 407

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

In both 2024 and 2023, profit attributable to the parent and underlying profit were the same (EUR 12,574 million in 2024 and EUR 11,076 million in 2023), as profit was not affected by results that fell outside the ordinary course of our business. As a result, both attributable profit and underlying profit increased 14% in euros and 15% in constant euros compared to 2023. This year-on-year comparison is impacted by a higher charge relating to the temporary levy on revenue earned in Spain, charges in Q2 2024 related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America (EUR 243 million, net of tax and minority interests) and by the provision in Q4 2024 for potential complaints related to motor finance dealer commissions in the UK (EUR 260 million, net of tax and minority interests) . Additionally, in