Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000084
Chunk: 47

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 47
---
 is a distribution of the gross margin by business segment accompanying consolidated income statements for the three-month periods ended 31 March 2025 and 2024.

In addition to these operating units, which report by geographic area and businesses, Grupo Santander continues to maintain the area of Corporate Centre, that includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of Grupo Santander's assets and liabilities committee, as well as management of liquidity and of shareholders' equity via issuances.

| January - March 2025 |     | 37 |

This financial information ('underlying basis') is computed by adjusting reported results for the effects of certain gains and losses (e.g.: capital gains, write-downs, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to understand better the underlying trends in the business.

Following is the reconciliation between the adjusted profit and the statutory profit corresponding to the three-month periods ended 31 March 2025 and 2024:

|                                |     | EUR million  |        |        |            |        |        |                     |       |       |            |       |       |            |       |       |            |       |       |
|                                |     | Gross Margin |        |        |            |        |        | Profit before taxes |       |       |            |       |       | Profit     |       |       |            |       |       |
| Segment                        |     | 31-03-2025   |        |        | 31-03-2024 |        |        | 31-03-2025          |       |       | 31-03-2024 |       |       | 31-03-2025 |       |       | 31-03-2024 |       |       |
| Retail & Commercial Banking    |     |              |  7,895 |        |            |  8,061 |        |                     | 2,823 |       |            | 2,414 |       |            | 1,902 |       |            | 1,539 |       |
| Digital Consumer Bank          |     |              |  3,234 |        |            |  3,184 |        |                     |   674 |       |            |   618 |       |            |   492 |       |            |   463 |       |
| Corporate & Investment Banking |