Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 339

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 339
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              |     |        |     |              |     |        |     |              |     |        |
| Underlying profit attributable to the Group (EUR mn)    |     | 12,574 |     | 14%          |     | 11,076 |     | 15%          |     |  9,605 |     | 11%          |     |  8,654 |     | 70%          |     |  5,081 |
| Consolidated results of the Group3(EUR mn)              |     | 19,027 |     | 16%          |     | 16,459 |     | 8%           |     | 15,250 |     | 5%           |     | 14,547 |     | —            |     | -2,076 |
| Ordinary RoTE                                           |     | 16.27% |     | 8%           |     | 15.06% |     | 13%          |     | 13.37% |     | 5%           |     | 12.73% |     | 71%          |     |  7.44% |
| Employees' average remuneration4(EUR thousand)          |     |     61 |     | 5%           |     |     58 |     | 3%           |     |     56 |     | 1%           |     |     56 |     | 18%          |     |     47 |
| Employees' average remuneration in Spain5(EUR thousand) |     |     75 |     | 3%           |     |     73 |     | 6%           |     |     68 |     | 10%          |     |     62 |     | -2%          |     |     63 |

1. Deferred variable remuneration linked to long-term objectives is not included.

2. Non-executive directors' remuneration fluctuations are caused by joining or leaving the board of directors and the difference in the amount of meetings they assist during the year. Hence there is no correlation between their remuneration and the company performance.

3.Group operating profit/(loss) before tax.

4. Employee average remuneration includes all concepts, including other remuneration. Normally the increases or decreases in remuneration are greater for the executive directors, depending on the results of the