Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 4
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 results including: i) the buybacks resulting from application of our existing shareholder remuneration policy plus ii) additional buybacks to distribute excesses of our CET1. Q1’25 vs. ID targets for 2025 and 2025 targets upgraded in Q4’24 STRENGTH >12% ID target1 2025 target: 13% | operating range: 12-13% DISCIPLINED CAPITAL ALLOCATION c.85% ID target SHAREHOLDER REMUNERATION Cash dividend + SBB 50% annually ID target PROFITABILITY 12.9% 87% 50% 15-17% (pre-AT1) ID target 2025 target: c.16.5% (post-AT1) 15.8%Up to €10bn Total SBB 2025-262 TNAVps + DPS Double-digit growth average through-the-cycle ID target +14.5%

6 Strong start to the year, with all global businesses growing revenue and profit Q1’25 att. profitQ1’25 revenue Efficiency RoTE post-AT1 CoR CET1 TNAVps + Cash DPS YoY €3.4bn€15.5bn 41.8% 1.14% 15.8% 12.9% +14.5% +19% -6bps Another record profit in Q1, with 9 million new customers YoY and good activity levels Strong operating performance and profitability on the back of ONE Transformation Solid balance sheet with sound credit quality and capital ratios Capital productivity and disciplined capital allocation driving profitability and double-digit shareholder value creation +1.7pp-0.8pp +60bps Note: YoY changes. In constant euros: Q1’25 revenue +5% and Q1’25 attributable profit +24%. P&L accounts are all presented on an underlying basis. CET1 ratio is phased-in, calculated in accordance with the transitory treatment of the CRR. YoY comparison based on published Q1’24 ratio (calculated on a fully-loaded basis). TNAVps + Cash DPS includes the €10.00 cent cash dividend per share paid in November 2024, executed as part of our shareholder remuneration policy. +1%

7 Continuing strong operational performance driving profit growth Note: underlying P&L. All references to variations in constant euros across the presentation include Argentina in current euros to mitigate distortions from a hyperinflationary economy. From Q2