Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 28

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 28
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’s 2024 customer assets and liabilities (CAL). Annualized YTD net sales as a % of SAM’s 2024 AuMs. (2) Includes all fees generated by Santander Asset Management and Insurance, even those ceded to the commercial network. • We continue to build the best wealth and insurance manager in Europe and the Americas, leveraging our leading global private banking platform and our best-in-class funds and insurance product factories • AuMs reached new record levels of €511bn (+11% YoY), backed by sound commercial dynamics, both in Private Banking and SAM, and positive market performance • Profit rose double digits YoY, supported by solid revenue performance across businesses (fees and revenue from Insurance joint ventures), reflecting our focus on fee generating activities • Double-digit growth in total fee contribution2 and total contribution to Group profit2 (+12% and +19% YoY, respectively) • Efficiency improved 1.4pp to 36.5% and our RoTE was 68% • Profit rose 6% QoQ driven by higher volumes and fees, lower costs and the good start to the year of the Insurance joint ventures Net new money (PB) €5.7bn KEY DATA GWPs AuMs €511bn +11% €2.7bn +4% Efficiency 36.5% -1.4pp RoTE post-AT1 68.0% -2.1pp of volumes1 of volumes17% 8% Net sales €4.8bn

45 • 106 million cards managed across the Group, with solid customer activity (spending +7% and average balance +15%) • NOI +19% YoY, driven by double-digit revenue growth YoY and cost control. Profit affected by LLPs, due to volumes, and model updates in Brazil (macro and regulatory changes) and Mexico (macro) • Profit QoQ affected by the usual seasonality in revenue the last quarter of the year and the Argentine FX accounting in Q4. Excluding Argentina, NII +6% Payments Note: Mar-25 data and YoY changes in constant euros. Spending 17.0% 28.6% Q1'24 Q1'25 EBITDA margin Cards Getnet TPV €56bn +14% Getnet number of transactions +4% Average balance €23bn +15% +11.6pp Underlying P&L* Q1'25 % Q4'24 % Q1'24 % Q1