Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 10

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 10
---
 of SAM’s 2024 AuMs. (2) Includes deposits and off-balance sheet assets. (3) Includes all fees generated by Santander Asset Management and Insurance, even those ceded to the commercial network, which are recorded in Retail’s P&L. Private Banking Santander Asset Management Insurance Assets under management2 (€ bn) Collaboration fees (€ bn) Revenue including ceded fees3 (€ bn) KEY DRIVERS Revenue (€ mn) • Increased focus on value-added investment solutions and services, improving recurrency while maintaining high profitability • Volumes reached new record levels, on the back of solid commercial dynamics, both in PB (+8% customers) and SAM (+13% AuMs), and market performance • Strong profit growth supported by solid revenue performance across businesses, reflecting our focus on fee generating activities Wealth: strong profit growth, with revenue increases across business lines and collaboration fees up close to double digits Net new money (PB) Net sales (SAM) Gross written premiums Efficiency 35.7% -1.5pp Profit €948mn +24% RoTE post-AT1 67.3% -7.0pp €5.6bn +6% 2.0 2.1 H1'24 H1'25 240 289 H1'24 H1'25 220 276 H1'24 H1'25 1,280 1,304 H1'24 H1'25 461 514 Jun-24 Jun-25 2.9 3.2 H1'24 H1'25 +2% +20% +25% +8%+11% +11% €10.6bn 7% of volumes1 €4.9bn 4% of volumes1

14 Note: data and YoY changes in constant euros. (*) YoY variation excluding the PagoNxt write-downs in Q2’24 of our investments related to our merchant platform in Germany and Superdigital in Latin America (€243mn, net of tax and minority interests). (1) Transactions include merchant payments, cards and electronic A2A payments. (2) Payments volume includes PagoNxt Total Payments Volume (TPV) in Getnet and Cards spending. H1’25 FINANCIALS 

# transactions1 (bn per month) Cost per transaction (€ cents, PagoNxt) Payments volume2 (€ bn) PagoNxt Cards KEY DRIVERS Revenue (€ mn)