Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 29

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 29
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'24¹ NII 647 0.2 13.8 2.4 Net fee income 449 -3.5 9.9 2.4 Total revenue 1,067 -8.2 13.1 3.1 Operating expenses -322 -5.9 2.2 -3.7 Net operating income 745 -9.2 18.6 6.4 LLPs -486 9.7 32.6 17.3 Attributable profit 121 -45.5 -14.2 -21.6 (*) € mn and % change in constant euros. (1) % change in current euros. • TPV up 14% and number of transactions +4% YoY in Getnet, driven by Mexico, Chile and Europe • Solid revenue growth, +21% boosted by a generalized increase in business activity, with cost improvements. As a result, EBITDA margin rose to 28.6% • Positive profit for second consecutive quarter €81bn +7% Underlying P&L* Q1'25 Q1'24 % Q4'24 % Q1'24 % Q1'24¹ NII 38 31 9.8 39.3 23.9 Net fee income 245 224 -6.1 18.8 9.3 Total revenue 317 283 -8.2 21.0 11.8 Operating expenses -286 -304 5.3 -2.1 -6.1 LLPs -6 -4 55.6 69.4 50.1 Attributable profit 4 -39 -82.4 — — (*) € mn and % change in constant euros. (1) % change in current euros.

46 Corporate Centre • NII affected by the lower interest rates which has positive sensitivity to rate hikes • Losses on financial transactions improved, due to a lower impact from foreign currency hedges • Costs remained flat compared to Q1 2024, driven by ongoing simplification measures • Higher LLPs to accelerate NPL reduction that is improving Group’s credit quality • The sum of the rest of the lines improved year-on-year; with lower tax pressure • As a result, slightly higher attributable loss YoY HIGHLIGHTSP&L Underlying P&L* Q1'25 Q1'24 NII -112 -31 Gains / losses on financial transactions -91 -162 Operating expenses -87 -87