Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 6

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 6
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. Group P&L Current Constant Current Constant € million H1'25 H1'24 % % % % NII 22,716 23,457 -3 1 -1 4 Net fee income 6,684 6,477 3 9 0 6 Other income 1,610 1,116 44 48 4 6 Total revenue 31,010 31,050 -0 5 -1 4 Operating expenses -12,865 -12,913 -0 4 -1 3 Net operating income 18,145 18,137 0 5 -0 5 LLPs -6,178 -6,243 -1 6 -3 4 Other results -1,664 -2,386 -30 -28 -26 -24 Attributable profit 6,833 6,059 13 18 13 19 Group excl. ArgentinaGroup

8 Consistent execution of ONE Transformation is driving higher revenue and lower costs … • Wealth: collaboration fees with CIB and Corporates reached €2.1bn (+8% vs. H1’24) • Consumer: expansion of OEM agreements • Multi-Nationals: +3% YoY revenue growth • Product simplification: 42% fewer products vs. Jun-24 (-55% vs. Dec-22) • 66% products / services digitally available (59% Jun-24; 56% Dec-23) • US: $270mn efficiencies captured in Consumer and Commercial since 2022 • Global approach to technology: €90mn efficiencies in H1’25 (€542mn since Dec-22) - Gravity (back-end) efficiencies - Process optimization - Global vendor agreements - IT&Ops shared-services -243bps -104bps -87bps ONE Transformation Global & Network businesses1 Global Tech capabilities & others H1’25FY’22 Note: H1’25 or latest available data. (1) As defined at the 2023 Investor Day. Efficiency execution 2022-H1’25 Reminder from Investor Day Efficiency 2022-2025 200-250bps c. 42% 100-150bps 50-75bps FY’22 2025 ID target 41.5%45.8% 45.8%

9 15.7 39.4% 3.7 +2% +0.2pp +14% 6.4 41.5%