Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 14

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 14
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 |     |   2.1 |     |        2.7 |     |  10,337 |       |     |   9,309 |       |        |     |  11.0 |     |       15.7 |

1. Includes exchange differences.

2. Excludes net capital gains and provisions.

| January - September2025 |     | 13 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | Underlying income statement |     |                                  |     |                      |     |          |     |       |

Additionally, regarding results that fall outside the ordinary course of our business and are therefore excluded from underlying income statement: In 9M 2025: • The ‘net capital gains and provisions’ line includes the following two events of the same value but opposite signs: • A capital gain in Q2 2025 of EUR 231 million from the sale of Santander’s remaining 30.5% stake in CACEIS. • A one-off charge of EUR 467 million in Q2 2025 (EUR 231 million, net of tax and minority interests), which strengthens the balance sheet after having updated macroeconomic parameters in Brazil’s credit provisioning models, in accordance with IFRS 9 regulations, which resulted in increased provisions, reflecting expectations of a more complex economic environment. In 9M 2024: • There were no impacts outside the ordinary course of our business and therefore no amount was recorded under the ‘net capital gains and provisions’ line. For further information on the reconciliation between the statutory and underlying income statements, see the ' Alternative performance measures ' section in this report. All in all, profit attributable to the parent and underlying profit attributable to the parent were the same, EUR 10,337 million in 9M 2025 and EUR 9,309 million in 9M 2024. This represents an 11% year-on-year increase in euros, +16% in constant euros. This year-on-year comparison was favoured by the recognition in Q2 2024 of the impacts in PagoNxt following the discontinuation of our merchant platforms in Germany and Superdigital in Latin America. Total income amounted to EUR 46,277 million in 9M 2025, flat compared to 9M 2024. In constant euros,