Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000101
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 4
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 share repurchase programme amounting to approximately €1,700 million, equivalent to around 25% of the group’s profit in the first half of 2025. The regulatory authorization has already been obtained and its execution will commence tomorrow. Strategy and outlook Santander continues to make excellent progress in executing its strategic priorities, concentrating its footprint in the most connected markets and capturing economies of scale through ONE Transformation. The agreement to sell 49% of Santander Poland simplifies the group and crystallized value at 2.2x tangible book value (TBV), while the TSB acquisition in the UK, priced at 1.45x TBV, deepens the group’s presence in a high-quality, low-risk market. The bank expects the TSB transaction to generate a return on invested capital above 20% and accelerate profitability in the UK to 16% RoTE by 20282. Meanwhile, the ongoing roll-out of global platforms and digital channels are scaling rapidly: Openbank has secured over $5 billion in US deposits and surpassed 100,000 customers in Mexico, and Zinia, Santander’s check-out lender, finances Apple products in Germany and has partnered with Vodafone to finance mobile devices in the same country. Looking ahead, advanced economies are forecast to grow steadily and emerging markets by around 3%, underscoring the strength of the bank’s diversified footprint. Non-performing loans is at its best level in over 15 years, supported by historically low levels of unemployment across most of Santander’s markets and continued discipline in risk management. Note: targets market dependent. Based on macro assumptions aligned with international economic institutions. TNAVps + Cash DPS includes the €10.00 cent cash dividend per share paid in November 2024 and the €11.00 cent cash per share paid in May 2025, executed as part of the shareholder remuneration policy. (1) CET1 ratio phased-in, calculated in accordance with the transitory treatment of the CRR.

Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander 4 As a result, Santander is on track to meet all its 2025 targets including revenue of c.€62 billion; mid-high single digit net fee income growth in constant euros; cost base down in euros; cost of risk of c.1.15%; CET