Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 35

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 35
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3 1,549 2.3 -10.7 Total revenue 3,085 0.0 6,309 3.4 -9.7 Operating expenses -1,002 -1.1 -2,061 4.2 -9.0 Net operating income 2,083 0.5 4,248 3.1 -10.0 LLPs -1,124 0.6 -2,290 12.9 -1.4 Attributable profit 487 -0.1 996 0.0 -12.7 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €89bn -2% Mutual funds €51bn +10% Efficiency 32.7% +0.2pp CoR 4.71% -6bps RoTE post-AT1 14.2% -0.9pp • Loans down YoY (personal loans and corporates), reflecting our focus on active risk management and balance sheet optimization. Deposits were flat, as we optimize our funding mix, focusing on Retail • Profit flat YoY, with higher revenue (both NII and fees), controlled costs (-1% in real terms) and higher LLPs (macro) • Profit flat QoQ, with solid performance in NII (better customer margin) and costs (seasonality and footprint optimization) CHILE Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 490 1.3 1,002 24.8 21.7 Net fee income 145 1.7 297 14.7 11.8 Total revenue 688 0.9 1,410 21.9 18.8 Operating expenses -235 0.0 -484 6.7 4.0 Net operating income 453 1.4 926 31.7 28.4 LLPs -138 -6.0 -294 19.8 16.8 Attributable profit 184 5.5 369 49.8 46.0 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €39bn +1% Deposits €27bn +2% Mutual funds €12bn +20% Efficiency 34.3% -4.9pp CoR