Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 435

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 435
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 | -1 | % | A |
| 2024 vs. 2023 |    |   |   |

A. In constant euros: +2%.

Annual report 2024 409

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

Other gains (losses) and provisions recorded a loss of EUR 4,817 million in 2024, versus a EUR 3,066 million loss 2023, mainly affected by the aforementioned charges in 2024 (the discontinuation our merchant platforms in Germany and Superdigital in Latin America and the provision for potential complaints related to motor finance dealer commissions in the UK), and the higher impact of the temporary levy on revenue earned in Spain. Profit attributable to the parent in 2024 was EUR 12,574 million, a new record, and 14% more than in 2023 (+15% in constant euros), supported by solid total income growth, which greatly outstripped cost growth, which grew practically in line with inflation, and controlled cost of risk (improving 3 bps year-on-year).

| Underlying profit attributable to the parent |
| EUR million                                  |

|               | +14 | % | A |
| 2024 vs. 2023 |     |   |   |

A. In constant euros: +15%.

RoTE stood at 16.3% (15.1% in 2023) in line with our full-year target to exceed 16%, which we upgraded in Q2. RoRWA stood at 2.18% (1.96% in 2023) and earnings per share stood at EUR 0.77 (EUR 0.65 in 2023).

| RoTE |
| %    |

Annual report 2024 410

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

#### 3.3 Balance sheet
| Balance sheet                                                                       |     |           |        |     |           |        |        |         |          |     |        |   |     |           |        |
| EUR million                                                                         |     |           |        |     |           |        |        |         |          |     |        |   |     |           |        |
|                                                                                     |     |           |        |