Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 15

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 15
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 robust, supported by good risk management and low unemployment.                    |     |               |     |         |     |         |     |                 |     |       |
|                             |     | Attributable profit                                                                                     |     |               |     |         |     |         |     | RoTE (post-AT1) |     | RoRWA |
|                             |     | EUR 6,833 million                                                                                       |     | +13% in euros |     |         |     |         |     | 16.0%           |     | 2.36% |
|                             |     | +18% in constant euros                                                                                  |     |               |     | +0.9 pp |     | +0.3 pp |     |                 |     |       |
|                             |     | Note: changes vs. H1 2024.                                                                              |     |               |     |         |     |         |     |                 |     |       |

In contrast to the statutory income statement, in the underlying income statement, results obtained in Poland continue to be reported line by line and disaggregated, as they were in previous quarterly disclosures given that the management of Santander Polska remains unchanged until the Poland disposal is completed.

For the same reason, all management metrics included in this report have been calculated including Poland, i.e. maintaining the same perimeter that existed at the time of the announcement of the Poland disposal. For further information, see the ' Significant events in th e period ' and ' Alternative performance measures 'sections in this report.

Results performance compared to H1 2024

The Group presents, both at the total Group level and for each of the business units, the changes in euros registered in the income statement, as well as variations excluding the exchange rate effect (i.e. in constant euros, except for Argentina and any grouping which includes it), understanding that the latter provide a better analysis of the Group’s management. For further information, see the 'Alternative performance measures' section in this report.

At the Group level, exchange rates had a negative impact of 4.7 pp on total income and a positive impact of 4.1 pp on administrative expenses and amortizations, mainly due to the depreciation of the Brazilian real and the Mexican peso.

To better understand the business trends, we reclassified certain items under some headings of the underlying income statement.

These reclassifications between the statutory and underlying income statements include:

In H1 2025:

• As previously explained, in the statutory