Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 29

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 29
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 volumes, net fee income across businesses and the good performance of our Portfolio Investments vertical, and a 2% improvement in costs Net new money (PB) €10.6bn 7% Net sales (SAM) €4.9bn 4%

44 • 106 million cards managed across the Group, with solid customer activity (spending +9% and average balance +17%) • Profit up 6% YoY, with NOI +23%, boosted by double-digit revenue growth (credit card activity) and cost control, with higher LLPs due to generalized volume growth, and models in Brazil and Mexico • Strong profit growth QoQ, supported by NII and fees at record levels, and lower costs in most of our countries Payments Note: Jun-25 data and YoY changes in constant euros. 20.1% 28.8% H1'24 H1'25 Cards • TPV up 15% and the number of transactions +7% YoY in Getnet, mainly driven by Mexico, Chile and Europe • Solid revenue growth YoY (+19%) boosted by a generalized increase in business activity, with lower costs in Getnet offsetting investments in our global platforms. As a result, EBITDA margin rose to 28.8% • Positive profit for third consecutive quarter Spending Getnet TPV €113bn +15% Getnet number of transactions +7% Average balance €23bn +17% €166bn +9% Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 683 9.1 1,330 20.4 7.3 Net fee income 469 7.5 918 11.7 3.4 Total revenue 1,132 9.4 2,199 16.9 6.0 Operating expenses -302 -4.0 -624 3.9 -3.0 Net operating income 830 15.3 1,575 23.1 10.0 LLPs -474 1.1 -960 29.1 13.8 Attributable profit 198 67.8 319 6.2 -3.3 (*) € mn and % change in constant euros. (1) % change in current euros. EBITDA margin +8.7pp Underlying P&L* Q2'25 % Q1'25 H