Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 24

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 24
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0 633 -33.9 -40.5 (*) € mn and % change in constant euros. (1) % change in current euros. • Loans up YoY across products, mainly mortgages. Deposit growth reflects our focus on becoming the primary bank for our customers • PBT +15% YoY boosted by a solid performance in NII (higher activity and lower cost of deposits), fees (mutual funds) and LLPs (lower provisions in mortgages and corporates and sound risk management) • NOI up 4% QoQ on the back of higher NII (business growth) and GFT from the sale of a stake. PBT affected by LLPs due to model updates in the payroll portfolio and higher SME provisions • Loans down YoY (personal loans), reflecting our focus on active risk management and balance sheet optimization. Deposits rose YoY, due to time deposits. Mutual funds up double digits • PBT affected YoY by impacts from the macro environment with lower activity and higher rates affecting revenue. Costs down in real terms • PBT up 54% QoQ as better LLPs and cost control largely compensated the impact from higher interest rates on revenue

39 Digital Consumer Bank Note: Sep-25 data and YoY changes (new lending, loans and deposits in constant euros). HIGHLIGHTSKEY DATA P&L Loans €211bn +2% Efficiency 40.9% +0.2pp CoR 2.06% -6bps Deposits €127bn +5% Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 2,763 1.9 8,267 6.2 3.6 Net fee income 380 12.0 1,060 -2.4 -4.9 Total revenue 3,242 2.9 9,667 3.4 0.9 Operating expenses -1,285 -0.4 -3,950 3.2 1.4 Net operating income 1,957 5.2 5,717 3.5 0.5 LLPs -1,069 13.0 -3,144 -1.9 -5.1 Attributable profit 518 -4.0 1,561 6.2 3.6 (*) € mn and % change in constant euros. (1) % change in