Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 34

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 34
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) • Profit up 2% QoQ, driven by revenue (mainly GFT from the sale of a stake). LLPs impacted by model updates in the payroll portfolio and higher SME provisions Note: Sep-25 data and YoY changes (loans, deposits and mutual funds in constant euros). US RoTE post-AT1 adjusted based on Group’s deployed capital calculated as contribution of RWAs at 12%, is 14.2%. US MEXICO Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 1,463 4.1 4,412 7.1 4.2 Net fee income 335 6.7 1,014 24.7 21.4 Total revenue 1,930 4.0 5,856 6.7 3.9 Operating expenses -908 0.1 -2,852 3.1 0.3 Net operating income 1,022 7.8 3,004 10.4 7.5 LLPs -569 18.1 -1,597 -9.9 -12.3 Attributable profit 355 -12.5 1,194 39.4 35.7 (*) € mn and % change in constant euros. (1) % change in current euros. Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 1,126 0.0 3,364 8.0 -4.8 Net fee income 341 -1.0 1,031 10.0 -3.0 Total revenue 1,556 1.8 4,566 9.7 -3.3 Operating expenses -639 1.9 -1,884 8.1 -4.7 Net operating income 917 1.8 2,682 10.8 -2.3 LLPs -324 5.7 -931 4.1 -8.2 Attributable profit 416 2.5 1,211 11.3 -1.9 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €107bn -1% Deposits €83bn +3% Mutual