Banco Santander, S.A. (BNC) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.760 Good morning and welcome to Santander's third quarter 2025 results presentation. 00:00:05.760 -- 00:00:10.988 For the call today, we will be joined by Hector Crusi, our group CEO, and Jose Garcia 00:00:10.988 -- 00:00:15.973 Cantera, our CFO. Hector, over to you. 00:00:16.357 -- 00:00:22.226 Thanks, Rahul. Good morning, everyone, and thank you for joining Santander results presentation. 00:00:22.226 -- 00:00:27.234 We will follow the usual structure. First, I will go over our results with a 00:00:27.234 -- 00:00:30.818 special focus on the performance of our global businesses. 00:00:30.818 -- 00:00:35.924 Then, Jose, our CFO, will then provide a detailed view of the financials, and then I 00:00:35.924 -- 00:00:40.289 will wrap up with some final remarks before we open for Q&A. 00:00:40.289 -- 00:00:45.414 Before we begin, a quick note that all figures in the presentation continue to include 00:00:45.414 -- 00:00:49.156 Poland until the disposal is completed. 00:00:49.525 -- 00:00:54.528 Q3 was another record quarter, reflecting the strength of our strategy 00:00:54.528 -- 00:00:58.992 and the resilience of our business model in a more demanding environment. 00:00:58.992 -- 00:01:04.039 Our quarterly profit hit a new record at $3.5 billion, making 9 months 00:01:04.039 -- 00:01:09.286 25 the best 9-month period ever, driven by strong revenue growth 00:01:09.286 -- 00:01:15.033 across the global businesses and our solid customer base, which increased by $7 million 00:01:15.033 -- 00:01:20.561 year-on-year to $178 million as we enhanced customer experience by leveraging 00:01:20.561 -- 00:01:25.725 our global platforms. We achieved this while we continued to invest for the future through 00:01:25.725 -- 00:01:31.653 one transformation...