Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000082
Chunk: 22

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 22
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7.5% Operating expenses (432) (440) (418) (467) (397) -14.9% (432) (397) -8.1% Net loan-loss provisions (205) (211) (143) (96) (135) +40.4% (205) (135) -34.3% Profit before tax 323 346 328 320 343 +7.2% 323 343 +6.0%

35 Retail & Commercial Banking Mexico (Constant EUR mn) Change Change Underlying income statement Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q1'25 / Q4'24 Q1'24 Q1'25 Q1'25 / Q1'24 Net interest income 703 694 722 759 756 -0.4% 703 756 +7.6% Net fee income 150 170 166 156 171 +10.0% 150 171 +13.9% Total revenue 832 870 870 888 896 +0.9% 832 896 +7.7% Operating expenses (371) (380) (403) (460) (397) -13.6% (371) (397) +7.1% Net loan-loss provisions (176) (182) (142) (101) (135) +32.7% (176) (135) -23.5% Profit before tax 278 299 316 317 343 +8.0% 278 343 +23.5%

36 Retail & Commercial Banking Mexico (MXN mn) Change Change Underlying income statement Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q1'25 / Q4'24 Q1'24 Q1'25 Q1'25 / Q1'24 Net interest income 15,100 14,901 15,512 16,307 16,244 -0.4% 15,100 16,244 +7.6% Net fee income 3,233 3,654 3,557 3,350 3,683 +10.0% 3,233 3,683 +13.9% Total revenue 17,874 18,698 18,679 19,085 19,252 +0.9% 17,