Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000076
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 1
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, resulting in a total cash dividend per share charged against 2024 of 21 euro cents, an increase of 19%. • Santander is on track to meet its 2025 targets: c.€62 billion revenue; mid-high single digit growth net fee income in constant euros; lower costs; cost of risk of c.1.15%; RoTE of c.16.5% post-AT1; and CET1 of 13%. Ana Botín, Banco Santander executive chair, said: “We’ve had a strong start to 2025, growing the number of customers we serve, increasing RoTE to 15.8% and generating a 26% uplift in earnings per share. Our global businesses are all performing well, underlining the impact of our transformation and ability to further improve operating efficiency. Our track record shows that in a challenging market we outperform peers, with the group’s diversification acting as a stabilizer. As such, we remain on track to meet our 2025 targets, including double-digit growth in TNAV plus dividend per share and a RoTE of around 16.5% post-AT1. We remain committed to continuing to increase returns to shareholders, including up to €10 billion in buybacks from 2025 and 2026 earnings and anticipated excess capital2. Looking forward, our focus is on helping customers navigate an uncertain external environment. All of our markets remain resilient and we are monitoring the situation closely, ensuring we continue to support the people, businesses and communities we serve.” 1 Variations are year-on-year unless otherwise stated. 2 This share buyback target includes i) buybacks that are part of the existing shareholder remuneration policy, and ii) additional buybacks following the publication of annual results to distribute year-end excess CET1 capital. The execution of the shareholder remuneration policy and share buybacks to distribute the excess CET1 capital is subject to corporate and regulatory approvals. Note: Reconciliation of underlying results to statutory results, available in the ‘Alternative Performance Measures’ section of the financial report at CNMV and at santander.com.

Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander 2 Underlying income statement* EUR million Q1'25 Q1'25 vs Q1'24 Q1'25 vs Q1