Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 422

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 422
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16,459 |      |        |  2,568 |          |     |   15.6 |   |     |  15,250 |      |
| Tax expense or income from continuing operations                                                                 |     |  -5,283 |      |     |  -4,276 |      |        | -1,007 |          |     |   23.6 |   |     |  -4,486 |      |
| Profit from the period from continuing operations                                                                |     |  13,744 |      |     |  12,183 |      |        |  1,561 |          |     |   12.8 |   |     |  10,764 |      |
| Profit or loss after tax from discontinued operations                                                            |     |       — |      |     |       — |      |        |      — |          |     |      — |   |     |       — |      |
| Profit for the period                                                                                            |     |  13,744 |      |     |  12,183 |      |        |  1,561 |          |     |   12.8 |   |     |  10,764 |      |
| Profit attributable to non-controlling interests                                                                 |     |  -1,170 |      |     |  -1,107 |      |        |    -63 |          |     |    5.7 |   |     |  -1,159 |      |
| Profit attributable to the parent                                                                                |     |  12,574 |      |     |  11,076 |      |        |  1,498 |          |     |   13.5 |   |     |   9,605 |      |

Annual report 2024 397

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

Main income statement items

In 2024, the profit attributable to the parent reached a new record of EUR 12,574 million, representing a year-on-year increase of 14%, compared to the EUR 11,076 million recorded in 2023. This increase was backed by the good performance in total income, which grew at a much higher pace than operating expenses.

This year-on-year comparison is impacted by a higher charge relating to the temporary levy on revenue earned in