Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 59

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 59
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 million, which was reclassified from total income to other gains (losses) and provisions. |

| January - March2025 |     | 75 |

| Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     |                             |     |                                  |     |                      |     | APMs     |     |       |

Profitability and efficiency ratios

The purpose of the profitability ratios is to measure the ratio of profit to equity, to tangible equity, to assets and to risk-weighted assets, while the efficiency ratio measures how much general administrative expenses (personnel and other) and amortization costs are needed to generate revenue.

Additionally, goodwill adjustments have been removed from the RoTE numerator as, since they are not considered in the denominator, we believe this calculation is more correct.

| Ratio                            |     | Formula                                                                     |     | Relevance of the metric                                                                                                                                                                                                                                                                     |
| RoE                              |     | Profit attributable to the parent (annualized)                              |     | This ratio measures the return that shareholders obtain on the funds invested in the bank and as such measures the company's ability to pay shareholders.                                                                                                                                   |
| (Return on equity)               |     | Average stockholders’ equity1(excl. minority interests)                     |     |                                                                                                                                                                                                                                                                                             |
| RoTE                             |     | Profit attributable to the parent (annualized)2                             |     | This indicator is used to evaluate the profitability of the company as a percentage of its tangible equity. It's measured as the return that shareholders receive as a percentage of the funds invested in the entity less intangible assets.                                               |
| (Return on tangible equity)      |     | Average stockholders' equity1(excl. minority interests) - intangible assets |     |                                                                                                                                                                                                                                                                                             |
| RoTE (post-AT1)                  |     | Profit attributable to the parent minus AT1 costs (annualized)2             |     | As with RoTE, this indicator is used to assess the profitability of a company as a percentage of its tangible equity, but the cost of AT1 issuances is deduced from the numerator. This is the definition of RoTE that is commonly used as a measure of profitability over tangible equity. |
| (Return on tangible equity)      |     | Average stockholders' equity1(excl. minority interests) - intangible assets |     |                                                                                                                                                                                                                                                                                             |