Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 27

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 27
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pp RoTE post-AT1 20.8% +2.7pp • Good progress in our strategy focused on fees and capital-light business through our GM and US BBO initiatives, supporting an enhanced value proposition and higher profitability while we maintain a leading position in efficiency • Good activity levels in H1, on the back of a strong start to the year: - Global Transaction Banking (GTB): driven by Trade & Working Capital Solutions, boosted by new initiatives and our expansion into new segments and clients - Global Banking (GB), backed by strong growth in Corporate Finance, compensating weaker industry trends in Debt and Structured Finance - Global Markets (GM): record activity in H1, on the back of a strong Q1, which benefitted from higher volatility • Loans YoY affected by lower credit activity in GTB, mainly in South America. Deposits flat as growth in Cash Management was offset by drop in GM • Profit grew double digits YoY, mainly driven by a solid NII performance (+13% excl. Argentina), fees (+9%) across business lines and gains on financial transactions in GM after a strong start to the year • Compared to Q1’25, which was extraordinarily high, profit dropped in an environment of geopolitical uncertainty. Revenue affected by seasonality in GM and by lower activity in GB, and higher provisions Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 1,013 10.0 1,966 3.7 -2.4 Net fee income 637 -8.2 1,353 8.8 5.7 Total revenue 2,134 -0.8 4,354 8.6 4.2 Operating expenses -950 3.4 -1,903 8.4 5.1 Net operating income 1,183 -4.0 2,452 8.8 3.6 LLPs -72 468.4 -85 -5.2 -8.1 Attributable profit 728 -7.0 1,534 14.7 9.2 (*) € mn and % change in constant euros. (1) % change in current euros.

43 Wealth Management & Insurance P&L HIGHLIGHTS Note: Jun-25 data (AuMs); YTD data (net new money, net sales and GWPs). YoY changes in constant euros. (1) Annual