Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 24

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 24
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 required by the ECB on a consolidated basis, estimated at 14.0% for the total capital ratio and at 9.7% for the CET1 ratio 2 . This resulted in a distance to the maximum distributable amount (MDA) of 324 bps and a CET1 management buffer of 338 bps. In the quarter, the CET1 ratio improved 0.1 pp to 13.1% as +56 bps of capital generation from attributable profit more than offset a -30 bp impact related to capital distributions, including the deduction for the accrual of shareholder remuneration against profit earned in Q3 2025 (in line with our 50% payout target 3 ) and AT1 costs, and higher RWAs (risk transfer initiatives partly compensated organic RWA growth). Additionally, we recorded -2 bps related to regulatory headwinds and -5 bps in markets and others (mostly HTC&S portfolio and hedge valuations). Although the CRR3 fully-loaded criteria are not yet fully defined, our current estimate for the fully-loaded CET1 ratio is comfortably above our >12% Investor Day target for 2025 year end.

TNAV per share ended the quarter at EUR 5.56. Including the final cash dividend against 2024 results paid in May 2025 (EUR 11.00 cents per share) and the interim cash dividend charged against 2025 results announced in September that will be paid from 3 November 2025 (EUR 11.50 cents per share), TNAV plus cash dividend per share increased 14.9% in the last twelve months (+3.2% in the quarter). Lastly, the leverage ratio was 4.92%.

| Eligible capital.September 2025 |     |         |           |
| EUR million                     |     |         |           |
|                                 |     |         | Phased-in |
| CET1                            |     |  82,593 |           |
| Basic capital                   |     |  93,222 |           |
| Eligible capital                |     | 109,941 |           |
| Risk-weighted assets            |     | 630,753 |           |
|                                 |     |         | %         |
| CET1 capital ratio              |     |    13.1 |           |
| Tier 1 capital ratio            |     |    14.8 |           |
| Total capital ratio             |     |    17.4 |