Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 14

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 14
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FX and interest rates). Excluding Argentina, NIM down 10bps YoY in a less favourable interest rate environment • NIM up 5bps QoQ in line with our strategy to improve profitability and capital productivity MARGINS Excl. Argentina QoQ +2% 11,425 10,991 11,106 11,894 11,219 11,497 Q1'24 Q2 Q3 Q4 Q1'25 Q2

20 Record H1 net fee income driven by value added from our global businesses 6,684 6,135 +168 -41 +110 +142 +187 -17 H1'24 Retail Consumer CIB Wealth Payments CC H1'25 • Retail: − Strong growth on the back a more targeted product offering and customer increase (+7mn) − Of note, Mexico, Argentina and the UK • Consumer: − Double-digit growth in DCB US (auto servicing fees). Net fee income affected by new insurance regulation in Germany and new lending trends in Europe • CIB: − Solid performance (+9%) across business lines supported by our US BBO initiative • Wealth: − 20% growth driven mainly by PB and SAM, in line with our focus on fee businesses, with solid commercial activity and positive market performance • Payments: − Double-digit growth, boosted by sound activity both in PagoNxt (Getnet TPV up 15% YoY) and Cards (spending +9% YoY) DETAIL BY BUSINESS Note: data and YoY % changes in constant euros. NET FEE INCOME Constant € mn YoY growth +8% -6% +9% +20% +15% +9% 3,060 3,074 3,147 3,317 3,324 3,360 Q1'24 Q2 Q3 Q4 Q1'25 Q2 +9%

21 8,350 8,882 8,682 9,185 8,923 9,222 Q1'24 Q2 Q3 Q4 Q1'25 Q2 6,278 6,128 6,294 6,706 6,399 6,466 CIB, WEALTH AND PAYMENTS ONE Transformation is driving 5% net operating income growth Efficiency 12M rolling Costs Net operating income Revenue 14,629 15,010 14,976 15,891 15,322 15,688 Retail