Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 144

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 144
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 cash equivalents (1+2+3+4)     |     |                  | -11,634 |     |                  | -52,848 |
| Cash and cash equivalents at beginning of period                    |     |                  |  97,457 |     |                  | 125,020 |
| Cash and cash equivalents at end of period                          |     |                  |  85,823 |     |                  |  72,172 |

17.2 Preference Shares and Preferred Securities

The following table shows the balance of the preference shares and preferred securities as of 30 June 2025 and 31 December 2024:

|                      |     | 30 June 2025 |       |     | 31 December 2024 |        |
|                      |     | -EUR million |       |     |                  |        |
| Preference shares    |     |              |   205 |     |                  |    211 |
| Preferred securities |     |              | 9,089 |     |                  |  9,821 |
| Total at period-end  |     |              | 9,294 |     |                  | 10,032 |

Both preference shares and preferred securities are recorded under the “Financial liabilities at amortized cost – Subordinated Liabilities” caption in the consolidated balance sheet as of 30 June 2025 and 31 December 2024.

Preference shares include the financial instruments issued by the consolidated companies which, although equity for legal purposes, do not meet the requirements for classification as equity in the financial statements. These shares do not carry any voting rights and are non-cumulative.

Preference shares include non-cumulative preferred non-voting shares issued by Santander UK plc.

Preferred securities include non-cumulative preferred non-voting securities issued by Banco Santander, S.A.

For the purposes of payment priority, preferred securities are junior to all general creditors and to subordinated deposits. The payment of dividends on these securities, which have no voting rights, is conditional upon obtaining sufficient distributable profit and upon the limits imposed by Spanish banking regulations on equity.

| 158 |     | January - June 2025 |

Preference shares and preferred securities are perpetual securities and there is no obligation that requires the Group to redeem them. All securities have been fully subscribed by third parties outside the Group.

Santander Finance Preferred, S.A. (Unipersonal), issuer of registered securities guaranteed by Banco Santander, S.A. until November 2017, merged on