Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 6

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 6
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 see slide 52. All references to variations in constant euros across the presentation include Argentina in current euros to mitigate distortions from a hyperinflationary economy. For further information, see the ‘Alternative Performance Measures’ section of the Quarterly Financial Report. Current Constant Current Constant € million 9M'25 9M'24 % % % % NII 33,816 34,682 -2 2 -1 3 Net fee income 10,011 9,666 4 8 1 6 Other income 2,450 1,837 33 37 4 6 Total revenue 46,277 46,185 0 4 -0 4 Operating expenses -19,133 -19,262 -1 3 -1 3 Net operating income 27,144 26,923 1 5 0 5 LLPs -9,109 -9,219 -1 5 -4 2 Other results -2,535 -3,277 -23 -21 -19 -17 Attributable profit 10,337 9,309 11 16 12 17 Group P&L Group excl. ArgentinaGroup

8 Consistent execution of ONE Transformation is driving higher revenue and lower costs … • Wealth: collaboration fees with CIB and Corporates reached €3.2bn (+7% vs. 9M’24) • Consumer: expansion of OEM agreements • Multi-Nationals: +3% YoY revenue growth • Product simplification: 35% fewer products vs. Sep-24 (-58% vs. Dec-22) • 67% products / services digitally available (60% Sep-24; 51% Dec-22) • US: $280mn efficiencies captured in Consumer and Commercial since 2022 • Global approach to technology: €90mn efficiencies in 9M’25 (€542mn since Dec-22) - Gravity (back-end) efficiencies - Process optimization - Global vendor agreements - IT&Ops shared-services -259bps -101bps -88bps ONE Transformation Global & Network businesses1 Global Tech capabilities & others 9M’25FY’22 Note: 9M’25 or latest available data. (1) As defined at the 2023 Investor Day. Efficiency execution 2022-9M’25 Reminder from Investor Day Efficiency 2022-2025 200-250bps c. 42% 100-150bps 50-75bps