Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 21

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 21
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.2 9,522 1.2 -3.8 LLPs -1,399 0.9 -2,830 -0.1 -8.3 Attributable profit 1,785 -4.5 3,687 13.5 9.3 (*) € mn and % change in constant euros. (1) % change in current euros. • ONE Transformation continued to deliver solid results reflected in growth in fees (+8%) and customer funds (+5% YoY), the improvement in the cost to serve (-2% YoY) and higher profitability • Loans slightly down YoY, mainly due to our focus on active risk management and balance sheet optimization. Deposits and mutual funds rose in most countries • Strong profit increase YoY (+14%), driven by revenue performance across most of our footprint. By line: − NII rose 3% excluding Argentina, supported by Chile and the UK (good margin management), Mexico (volumes and cost of deposits) and Poland (volumes) − Fees up, mainly insurance, mutual funds and FX − Costs declined 1% in real terms, reflecting our transformation efforts − LLPs were flat, with solid performances in Poland and Mexico compensating a weaker performance mainly in Brazil, impacted by a more challenging macro environment • Profit affected QoQ by higher CHF provisions in Poland. NOI up, from high levels in Q1’25, driven by NII

38 RETAIL SPAIN Note: Jun-25 data and YoY changes (loans, deposits and mutual funds in constant euros). RETAIL UK Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 NII 1,448 -1.3 2,915 -1.0 Net fee income 269 -7.6 560 0.1 Total revenue 1,766 -1.5 3,560 -1.0 Operating expenses -567 -0.7 -1,138 1.1 Net operating income 1,200 -1.9 2,423 -2.0 LLPs -244 -16.3 -535 -6.2 Profit before tax 837 3.3 1,647 24.8 (*) € mn and % change. Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 1,174 -2.5