Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 32

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 32
---
 time deposits from individuals • NOI +8% YoY, on the back of strong NII (margin management), fees and lower costs (transformation). Profit affected by LLP normalization and charges related to our transformation • Profit +47% QoQ. Positive revenue performance, costs down 4%, LLP reduction (portfolio sales) and lower regulatory charges • Loans increased YoY (mainly CIB). Deposit grew across global businesses, mostly driven by demand deposits. Mutual funds up 15% • Profit rose double digits YoY with sound NII trends in a context of lower interest rates, higher fees and strong underlying LLP performance on the back of our active risk management which improves credit quality • In the quarter, NII +1% with a solid LLPs performance. Profit impacted by the effect of seasonality in fees and higher transformation charges RoTE post-AT1 24.4% +3.3pp RoTE post-AT1 10.1% -0.5pp CoR 0.03% -1bp

47Note: Sep-25 data and YoY changes (loans, deposits and mutual funds in constant euros). PORTUGAL POLAND Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 737 0.2 2,217 3.5 5.0 Net fee income 176 -4.3 549 6.3 8.0 Total revenue 934 -2.5 2,776 3.8 5.4 Operating expenses -259 1.2 -771 5.7 7.3 Net operating income 675 -3.9 2,005 3.1 4.7 LLPs -81 88.5 -201 -50.5 -49.7 Attributable profit 257 17.1 713 9.3 11.0 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €41bn +6% Deposits €40bn +6% Mutual funds €5bn +17% Efficiency 27.4% +2.8pp CoR 0.00% -7bps Loans €40bn +4% Deposits €51bn +10% Mutual funds €8bn +24% Efficiency 27.8% +0.5pp CoR 0.79