Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000950103-25-009476
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 1
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 the payment of the interim cash dividend against 2025 results is expected to be submitted to the approval of the Board on 30 September. 
 The implementation of the remainder of the shareholder remuneration policy for 2025 is subject to the appropriate corporate and regulatory 
 decisions and approvals.                                                                                                                   |
| Boadilla del Monte                                                                                                                         
 (Madrid), 30 July 2025                                                                                                                     |

2

| IMPORTANT INFORMATION |

Non-IFRS and alternative performance measures

This document contains financial information prepared
according to International Financial Reporting Standards (IFRS) and taken from our consolidated financial statements, as well as alternative
performance measures (APMs) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets
Authority (ESMA) on 5 October 2015, and other non-IFRS measures. The APMs and non-IFRS measures were calculated with information from
Grupo Santander; however, they are neither defined or detailed in the applicable financial reporting framework nor audited or reviewed
by our auditors. We use these APMs and non-IFRS measures when planning, monitoring and evaluating our performance. We consider them to
be useful metrics for our management and investors to compare operating performance between periods. APMs we use are presented unless
otherwise specified on a constant FX basis, which is computed by adjusting comparative period reported data for the effects of foreign
currency translation differences, which distort period-on-period comparisons. Nonetheless, the APMs and non-IFRS measures are supplemental
information; their purpose is not to substitute IFRS measures. Furthermore, companies in our industry and others may calculate or use
APMs and non-IFRS measures differently, thus making them less useful for comparison purposes. For further details on APMs and Non-IFRS
Measures, including their definition or a reconciliation between any applicable management indicators and the financial data presented
in the consolidated financial statements prepared under IFRS, please see the 2024 Annual Report on Form 20-F filed with the U.S. Securities
and Exchange Commission (the SEC) on 28 February 2025 (https://www.santander.com/content/dam/santander-com/es/documentos/informacion-sobre-resultados-semestrales-y-anuales-suministrada-a-la-sec/2025/sec-2024-annual
-20-f-2024-disponible-solo-en-ingles-es.pdf),
as well as the section “