Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000101
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 1
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 to deliver at least €10 billion in share buybacks from 2025 and 2026 earnings and excess capital ahead of the initial timetable3. • Today, Santander announces a new share buyback programme of c.€1.7bn, c.25% of the profit in the first half3. Ana Botín, Banco Santander executive chair, said: “Once again, we are delivering improving profitability and growth, adding eight million customers in the past year, resulting in a fifth consecutive quarter of record profit with RoTE reaching 16% and earnings per share up 19%. We are making excellent progress in executing our strategy with the deployment of shared global platforms, improving customer service and reducing the cost-to-serve. And we see considerable opportunities to continue creating value by leveraging our economies of scale in this way. Value accretive capital redeployment remains a top priority and the inorganic transactions announced recently are consistent with our strict capital hierarchy. The sale of Santander Poland crystalizes value at very attractive multiples, allowing us to both improve our share buyback targets and strengthen our franchise in the UK through the acquisition of TSB, which we expect to deliver a return on investment above 20% and a 4% increase in EPS by 2028. Amidst continuing geopolitical uncertainty, we are on track to meet all our targets for the year and remain confident that our track record of delivery plus the value of our diversification across both businesses and markets will allow us to outperform our peers in value creation.” 1 See notes on page 5.

Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander 2 Underlying income statement* EUR million H1’25 H1’25 v H1’24 H1’25 v H1’24 (ex FX) Q2’25 Q2’25 v Q2’24 Q2’25 v Q2’24 (ex FX) Total income 31,010 0% +5% 15,473 -1% +5% Operating expenses -12,865 0% +4% -6,376 0% +6% Net operating income 18,145 0% +5% 9,097 -2% +4% Net loan-loss provisions -6,178 -1% +6% -3