Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 11

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 11
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 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. 9M’25 FINANCIALS 

# transactions1 (bn per month) Cost per transaction (€ cents, PagoNxt) PagoNxt Cards KEY DRIVERS • On track with our key strategic priorities to capture scale through global platforms, driving cost per transaction improvements • Activity increased in both PagoNxt (Getnet’s TPV +15%) and Cards (spending +8%) • Profit up strongly driven by double-digit revenue growth (NII and fees), in both PagoNxt and Cards, with controlled costs. EBITDA margin already above 2025 ID target PagoNxt EBITDA margin Loans €25bn +14% Efficiency 40.8% -5.2pp Profit €558mn +62%* 3.3 3.7 9M'24 9M'25 3.6 2.4 9M'24 9M'25 840 994 9M'24 9M'25 2,819 3,376 9M'24 9M'25 +18% +20% Payments: enhanced scale through global platforms driving strong profit and profitability +11% -31% Revenue (Constant € mn) Getnet TPV €174bn +15% Cards Spending €250bn +8% 31.6% +8.9pp Payments volume2 (€ bn) 384 424 9M'24 9M'25 +10%
15 Note: TNAVps + Cash DPS includes the €11.00 cent cash per share paid in May 2025 and €11.50 cent cash per share approved in September 2025 that will be paid from 3 November 2025, both forming part of our shareholder remuneration policy. Improving profitability and value creation with EPS up 16% and TNAVps + Cash DPS increasing 15% Since 2021 and including the full share buyback that is currently underway, Santander will have returned €11.2bn to shareholders via share buybacks, and will