Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 12

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 12
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 changes in constant euros. YoY growth TOTAL REVENUE +2% +2% +8% +14% +15% +5% +5% • >95% of total revenue is customer related • Strong revenue increase YoY reflecting the benefits of our model, with all businesses growing • Revenue QoQ affected by the exchange rate accounting in Argentina in Q4’24. Of note, strong growth in CIB GROUP • Retail: positive performance driven by strong fee income across most countries and gains on financial transactions (mainly Brazil and Spain) • Consumer: revenue increase on the back of NII growth, both in DCBE and DCB US • CIB again achieved record revenue, supported by a strong performance in Global Markets. Of note, strong growth in the US in NII and fees • Wealth up double-digits, driven by all business lines backed by strong commercial activity • Payments boosted by double-digit growth in NII and fees, in both PagoNxt and Cards, driven by activity improvement DETAIL BY BUSINESS Constant € mn

19 2.97% 2.89% 2.79% 2.92% 2.73% 11,573 11,145 11,263 12,053 11,378 Q1'24 Q2 Q3 Q4 Q1'25 Resilient NII performance, growing in most businesses excluding Argentina NIM Performance NII NET INTEREST INCOME AND NIM • >80% of Group NII is from our Retail and Consumer businesses • NII +4% YoY excluding Argentina with most businesses growing: − Retail +4% supported by Chile and the UK (good margin management), Mexico (volumes and lower costs of deposits) and Poland (volumes) − Consumer grew 3% supported by higher volumes in Europe and active spread management both in DCBE and DCB US − CIB (+12%) boosted by Brazil and the US (higher yields on new business) − Payments (+20%) supported by PagoNxt (Getnet Brazil) and Cards (higher volumes across our footprint) • Resilient NII QoQ excluding Argentina, even with a lower day count: − Retail up in Spain (margin management and volumes) and Portugal (volumes); Brazil impacted by change of mix and interest rate sensitivity and Chile by high levels in Q4 − Consumer up in both DCB US and DCB Europe − Strong growth in CIB and Payments driven by solid activity levels NET INTER