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

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 10
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Constant € mn, % vs. 9M’24) 6.9 7.9 9M'24 9M'25 +1.0pp RoTE post-AT1 19.7% +2.3pp

13 3.0 3.2 9M'24 9M'25 9M’25 FINANCIALS Note: data and YoY changes in constant euros. (1) Annualized YTD net new money as a % of PB’s 2024 customer assets and liabilities (CAL). Annualized YTD net sales as a % 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 • Increased focus on value-added investment solutions and services (e.g. Beyond Wealth in Spain and the US), improving recurrency and maintaining high profitability • Volumes reached new record levels, on the back of favourable commercial dynamics, both in PB (customers +7%) and SAM (AuMs +12%), and market performance • Strong profit growth supported by positive revenue performance across businesses, reflecting our focus on fee generating activities Net new money (PB) Net sales (SAM) Gross written premiums Efficiency 35.9% -1.3pp Profit €1,439mn +21% 368 442 9M'24 9M'25 355 433 9M'24 9M'25 1,900 1,938 9M'24 9M'25 +2% +20% +22% Wealth: excellent profit growth YoY, with revenue increases across business lines and collaboration fees up strongly +11% Revenue (Constant € mn) 484 536 Sep-24 Sep-25 RoTE post-AT1 66.0% -9.9pp €8.3bn +5% 4.4 4.9 9M'24 9M'25 +7% +10% €16.7bn 7% of volumes¹ €7.0bn 4% of volumes¹

14 Note: data and YoY changes in constant euros. (*) YoY