Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 36

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 36
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 Q4'24 % Q4'24 % Q1'24 NII 416 1,107 -62.4 -59.4 Net fee income 172 287 -39.9 31.4 Total revenue 504 1,047 -51.9 -9.3 Operating expenses -223 -416 -46.3 -21.9 Net operating income 281 631 -55.5 4.1 LLPs -76 -156 -51.4 117.4 Attributable profit 129 283 -54.6 26.7 (*) € mn and % change in current euros. Loans €9bn +61% Deposits €11bn +73% Mutual funds €6bn +49% Efficiency 44.3% -7.2pp CoR 4.58% -84bps RoTE post-AT1 22.0% +1.9pp • In an environment with higher activity, customers grew 8% YoY, resulting in strong volume growth across most businesses and products • Profit up YoY backed by fees (transactional, funds and insurance), costs and lower hyperinflation adjustment. NII affected by lower interest rates and LLPs by volumes • Quarterly results affected by FX rate accounting in Q4

53 Appendix Aligning financial reporting to recent changes in our management structure 2025 Investor Day targets summary Group P&L and excluding Argentina Detail by global business and country Reconciliation of underlying results to statutory results Glossary

54 Reconciliation of underlying results to statutory results EUR mn (1) Includes exchange differences. Explanation of 2024 adjustments: • Temporary levy on revenue in Spain in Q1 2024, totalling EUR 335 million, which was reclassified from total income to other gains (losses) and provisions. Statutory results Adjustments Underlying results Statutory results Adjustments Underlying results Net interest income 11,378 — 11,378 11,983 — 11,983 Net fee income 3,369 — 3,369 3,240 — 3,240 Gains (losses) on financial transactions 1 678 — 678 623 — 623 Other operating income 112 — 112 (801) 335 (466) Total income 15,537 — 15,537 15,045 335 15,380 Administrative expenses and amortizations (6,489) — (6,489) (6,547) — (6,