Banco Santander, S.a. · BME:SAN
Banco Santander — FY2025 Earnings Presentation
30 slides from Banco Santander's earnings presentation, Feb 3, 2026
Slide 1: January - December 2025 Index
January - December 2025 Index SIGNIFICANT EVENTS IN THE PERIOD KEY CONSOLIDATED DATA BUSINESS MODEL GROUP FINANCIAL INFORMATION Highlights of the period Income statement Balance sheet Solvency ratios Risk management The Santander share FINANCIAL INFORMATION BY SEGMENT APPENDIX Financial information
Slide 2: Report approved by the board of directors on 3 February 2026
This report was approved by the board of directors on 3 February 2026, following a favourable report from the audit committee. Important information regarding this report can be found on pages 63, 64 and 65. Significant events Key consolidated data Business model Group financial information Financia
Slide 3: Diversification: business, geographical and balance sheet
DIVERSIFICATION Business, geographical and balance sheet → Well-balanced diversification between businesses and markets with a solid and simple balance sheet that gives us recurrent net operating income with low volatility and more predictable results. Our corporate culture The Santander Way remains
Slide 4: Our purpose, our aim, our how
To help people and businesses prosper To be the best open financial services platform, by acting responsibly and earning the lasting loyalty of our people, customers, shareholders and communities Everything we do should be Simple, Personal and Fair Our aim Our how
Slide 5: Interim cash dividend 15% higher than 2024
+15% higher than 2024 interim cash dividend *Remuneration based on the results of the first half of each period TNAVps + CASH DPS n Cash DPS: €22.5 cents +14%
Slide 6: Shareholder remuneration against 2025 results
/ Dec-24 u In application of the current shareholder remuneration policy, the Group carried out the following against 2025 results: i) a payment of an interim cash dividend of EUR 11.50 cents per share, paid in November 2025, equivalent to c.25% of the Group's underlying profit in H1 2025, 15% highe
Slide 7: Consumer
50% Consumer
Slide 8: CIB
21% CIB
Slide 9: Wealth
13% Wealth
Slide 10: Payments
7% Payments
Slide 11: 2025 results by segment, year-on-year in constant euros
9% 2025 data. Year-on-year changes in constant euros. u In Retail , attributable profit grew 9% to EUR 7,666 million, backed by better net fee income, net loan-loss provisions, other results and provisions, and a lower tax burden, with a solid performance in net interest income and costs declining 4
Slide 12: Customer funds
+1 % 1 Dec-25 / Dec-24 1. In constant euros: +4%. Customer funds EUR billion. Including Poland
Slide 13: Gross loans and advances to customers
a +4 % +13 % +2 % • Total • Mutual funds • Deposits excl. repos Dec-25 / Dec-24 1. In constant euros: +6%. Gross loans and advances to customers (excl. reverse repos) % operating areas. December 2025. Including Poland
Slide 14: Customer funds by operating area
Customer funds % operating areas. December 2025. Including Poland
Slide 15: Profit contribution by business
Wealth: 15% CIB: 12% a f Consumer: 11% Xv Retail: 62%
Slide 16: Value creation and eligible capital
Value creation Attributable profit +59 bps Capital distribution 2 -32 bps TNAV ps €5.76 TNAV ps + Cash DPS +14% YoY Note: Phased-in ratios are calculated in accordance with the transitory treatment of the CRR. Eligible capital (phased-in) 1 . Consolidated EUR million Change Dec-25 Dec-24 Absolute %
Slide 17: CET1 ratio evolution and pro forma notes
Note: phased-in ratios are calculated in accordance with the transitory treatment of the CRR. 1. They do not include any expected impacts from the recently announced inorganic transactions. 2. Capital distribution includes deduction for the accrual of shareholder remuneration and AT1 costs. Our curr
Slide 18: Market risk: trading activity VaR
1. Activity in Santander Corporate & Investment Banking markets. 2. In the North America, South America and Asia portfolios, VaR corresponding to the credit spreads factor other than sovereign risk is not material and is included in the interest rate factor. January - December 2025
Slide 19: Largest bank in the eurozone by market capitalization
1 st Bank in the eurozone by market capitalization 31 December 2025 EUR 147,921 Shares and trading data million 1 Shares (number) 14,689,319,502 1. After cancelling the shares carried out on 30 December 2025 from the first share buyback programme against 2025 results. Without taking into account the
Slide 20: Share capital distribution by geographic area
Share capital distribution by geographic area 31 December 2025 The Americas Europe Other 28.29% 70.38% 1.33%
Slide 21: Share capital distribution by type of shareholder
Source: data obtained from the aggregation of Banco Santander, S.A. Shareholder Register. Share capital distribution by type of shareholder 31 December 2025
Slide 22: Institutions, board and retail shareholders
Institutions 64.52% Board * 1.33% Retail 34.15% * Shares owned or represented by directors.
Slide 23: Underlying profit attributable to the parent 2025
1. As a % of operating areas. Excluding the Corporate Centre. Underlying profit attributable to the parent. 2025 EUR million. % change YoY
Slide 24: Retail
Slide 25: Consumer
Slide 26: CIB
Slide 27: Wealth
Slide 28: Payments
: «> Payments
Slide 29: Appendix: Financial information, APMs, statements, glossary
> Financial Information > Alternative Performance Measures > . Condensed consolidatedfinancial statements > Glossary > Important information
Slide 30: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banco Santander, S.A. Date: 03 February 2026 By: /s/ José García Cantera Name: José García Cantera Title