Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 26

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 26
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13% +5% €330bn +9% P&LP&L and EBITDA margin Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 35 2.0 132 48.3 41.0 Net fee income 261 9.4 958 5.2 0.5 Total revenue 346 12.1 1,240 13.6 8.7 Operating expenses -271 -5.2 -1,160 8.8 6.3 Net operating income 75 207.6 80 210.4 62.7 LLPs -4 9.4 -16 -30.9 -32.5 Attributable profit 26 — -299 228.8 287.1 Att. profit excl. write-downs 26 — -56 -38.3 -27.3 (*) € mn and % change in constant euros. (1) % change in current euros. Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 659 18.6 2,478 11.4 6.3 Net fee income 464 2.6 1,835 -4.7 -8.2 Total revenue 1,152 16.7 4,265 7.2 2.6 Operating expenses -350 17.2 -1,315 7.3 5.0 Net operating income 802 16.5 2,950 7.1 1.5 LLPs -444 10.0 -1,698 8.8 3.4 Attributable profit 209 39.3 712 10.1 4.1 (*) € mn and % change in constant euros. (1) % change in current euros.

46 Corporate Centre Highlights P&L Underlying P&L* 2024 2023 NII -308 -41 Gains / losses on financial transactions -408 -302 Operating expenses -379 -391 LLPs and other provisions -262 -132 Tax and minority interests 163 -36 Attributable profit -1,154 -998 (*) € mn. • NII down as higher liquidity buffer remuneration was more than offset by higher interest expense related to TLAC/MREL issuances • Higher losses