Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 157

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 157
---
 the payment of an interim cash dividend against the 2024 results of 10 euro cents per share (equivalent to approximately 25% of the Group's underlying profit in the first half of 2024). The interim dividend was paid on 2 November 2024. The board also approved the implementation of a share repurchase programme (the First 2024 Buyback Programme) worth approximately EUR 1,525 million (equivalent to approximately 25% of the Group's underlying profit in the first half of 2024), which was completed on 4 December 2024, and resulted in the acquisition of a total of 341,781,250 shares.

Final remuneration. Under the 2024 shareholder remuneration policy, on 25 February 2025 the board resolved to implement the Second 2024 Buyback Programme worth approximately EUR 1,587 million (equivalent to approximately 25% of the Group´s underlying profit in the second half of 2024), which was completed on 2 June 2025 and resulted in

| January - June 2025 |     | 171 |

the acquisition of a total of 267,166,950 shares. In addition, on 25 February 2025, the board of directors resolved to submit a resolution at the 2025 AGM to approve a final cash dividend in the gross amount of 11 euro cents per share entitled to dividends. Following the approval at the 2025 AGM, the dividend was paid from 2 May 2025.

Total shareholders' remuneration for 2024 totalled EUR 6,287 million (approximately 50% of the Group underlying profit in 2024), distributed as approximately 50% in cash dividends (EUR 3,175 million) and 50% in share buybacks (EUR 3,112 million).

Remuneration per share for the six months ended 30 June 2025 and 2024 and for the year-end is not comparable. The remuneration per share disclosed for each financial year includes all dividends paid or to be paid on account of that financial year. The remuneration per share disclosed for the periods ended 30 June 2025 and 30 June 2024 includes the cash dividends paid in those periods; that is, EUR 11 cents per share paid during the first half of 2025 on account of the 2024 financial year, and EUR 9.50 cents per share paid during the first half