Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 5
---
 16.1% 13.1% -5bps +0.7pp-0.4pp +0.6pp +11% €10.3bn€3.5bn +8% EPS YoY +16%

6 On track to beat our updated Investor Day 2025 targets RoTE post-AT1Payout RWAs with RoRWA > CoECET1 Note: our current ordinary shareholder remuneration policy is to distribute approximately 50% of Group reported profit (excluding non-cash, non-capital ratios impact items), distributed approximately 50% in cash dividend and 50% in share buybacks. Execution of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. (1) Share buyback target against 2025-26 results as well as to the expected excess capital. This share buyback target includes: i) the buybacks resulting from the application of our existing shareholder remuneration policy plus ii) additional buybacks to distribute excesses of our CET1 (including 50% of the capital released from the disposal of our 49% stake in Santander Bank Polska S.A). The execution of share buybacks is subject to future corporate and regulatory decisions and approvals. For more information, see additional notes 1 and 2 on slide 56. (2) See additional note 1 on slide 56. 9M’25 vs. 2025 ID targets (incl. upgrades in Q4’24) STRENGTH 13% | operating range: 12-13% DISCIPLINED CAPITAL ALLOCATION c.85% SHAREHOLDER REMUNERATION PROFITABILITY c.16.5% At least €10bn Total SBB 2025-261 TNAVps + DPS Double-digit growth average through-the-cycle 50% 13.1% 16.1% +15% 88% 50% target payout cash dividend + SBB2

7 Excellent business and commercial dynamics Strong revenue performance supporting net operating income and double-digit profit growth • Solid NII and record fees • Strong net operating income growth • CoR and RoTE improvement Note: 9M’25 ‘attributable profit' and 'underlying attributable profit’ were the same, as the ‘net capital gains and provisions’ line was zero since it includes two events, registered in Q2’25, that fall outside the ordinary course of our business, with equal value but opposite signs. For more information,