Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 4
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#### Our corporate culture
The Santander Way remains unchanged to continue to deliver for all our stakeholders.

| Our purpose                                                                                                                                                   |
| To help people and businesses prosper                                                                                                                         |
| Our aim                                                                                                                                                       |
| To be the best open financial services platform, by acting responsibly and earning the lasting loyalty of our people, customers, shareholders and communities |
| Our how                                                                                                                                                       |
| Everything we do should beSimple, Personal and Fair                                                                                                           |

#### 6January- June2025
| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | General background          |     |                                  |     |                      |     |          |     |       |

### GROUP FINANCIAL INFORMATION

### General background
Grupo Santander's operating environment in Q2 2025 was characterized by a moderate global economic slowdown, with falling interest rates and a decline in inflation across most of our footprint. Labour markets continued to have relatively low unemployment rates across most of our countries. Geopolitical and commercial tensions remained and there was increased volatility in global financial markets. In the second half of the year, we expect the main macroeconomic trends to continue and commercial and geopolitical uncertainty to persist.

| Country |     |                |     | GDP Change1 |     | Economic performance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|         |     | Eurozone       |     | +1.5%       |     | GDP growth in Q1 2025 surprised on the upside, driven by a pick up in goods exports to the US before tariff increases came into effect. As a result, part of this growth is expected to reverse in the coming quarters. Inflation stabilized at the ECB's target (2% in June), allowing for an additional cut in official interest rates to 2% in June. In the labour market, the unemployment rate remained at historic lows (6.3% in May).                                                                                                                                                         |
|         |     | Spain          |     | +2.8%       |     | In Q2 2025, the Spanish economy maintained the positive signs seen of the beginning of the year, pointing to solid growth, albeit more contained in the year, as a whole driven by internal demand. The labour market remained strong, with the number of people enrolled in social security at record levels. Inflation rose year-on-year to