REG - Banco Santander S.A. - Dividend approval

Banco Santander SAAnnouncement

30/09/2025 14:30

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RNS Number : 4624B  Banco Santander S.A.  30 September 2025

 Banco Santander, S.A. ("Banco Santander" or the "Bank"), in compliance with
 the Securities Market legislation, hereby communicates the following:

 INSIDE INFORMATION

 In application of the Bank's current shareholder remuneration policy,
 consisting of a total shareholder remuneration target of c. 50% of the Group's
 underlying profit 1  (#_ftn1) , split approximately in equal parts in cash
 dividend payments and share buybacks, the board of directors today approved
 the payment of an interim cash dividend against 2025 results of 11.5 euro
 cents per share, equivalent to c. 25 % of the Group's underlying profit 2 
 (#_ftn2) in the first half of 2025.
 § The interim cash dividend will be paid from 3 November 2025; and
 § The last day to trade shares with a right to receive the interim cash
 dividend will be 29 October 2025, the ex-dividend date will be 30 October 2025
 and the record date will be 31 October 2025.
 This distribution, together with the on-going share buyback programme that was
 announced

 on 30 July 2025, represents the interim shareholder remuneration against the
 Group

 underlying profit 3  (#_ftn3) in the first half of 2025.
 The implementation of the remainder of the shareholder remuneration policy for
 2025 is subject to the appropriate corporate and regulatory approvals and
 decisions.

 Boadilla del Monte (Madrid), 30 September 2025

 

Non-IFRS and alternative performance measures

Banco Santander, S.A. ("Santander") cautions that this document may contain
financial information prepared according to International Financial Reporting
Standards (IFRS) and taken from our consolidated financial statements, as well
as alternative performance measures (APMs) as defined in the Guidelines on
Alternative Performance Measures issued by the European Securities and Markets
Authority (ESMA) on 5 October 2015, and other non-IFRS measures. The APMs and
non-IFRS measures were calculated with information from Grupo Santander;
however, they are neither defined or detailed in the applicable financial
reporting framework nor audited or reviewed by our auditors. We use the APMs
and non-IFRS measures when planning, monitoring and evaluating our
performance. We consider them to be useful metrics for our management and
investors to compare operating performance between accounting periods.
Nonetheless, the APMs and non-IFRS measures are supplemental information;
their purpose is not to substitute the IFRS measures. Furthermore, companies
in our industry and others may calculate or use APMs and non-IFRS measures
differently, thus making them less useful for comparison purposes. APMs using
environmental, social and governance labels have not been calculated in
accordance with the Taxonomy Regulation or with the indicators for principal
adverse impact in SFDR. For more details on APMs and non-IFRS measures, please
see the 2024 Annual Report on Form 20-F filed with the U.S. Securities and
Exchange Commission (the SEC) on 28 February 2025
(https://www.santander.com/content/dam/santander-com/en/documentos/informacion-sobreresultados-semestrales-y-anuales-suministrada-a-la-sec/2025/sec-2024-annual-20-f-2024-en.pdf),
as well as the section "Alternative performance measures" of Banco Santander,
S.A. (Santander) Q2 2025 Financial Report, published on 30 July 2025
(https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information#quarterly-results)..

Forward-looking statements

Santander Santander hereby warns that this document may contain
'forward-looking statements', as defined by the US Private Securities
Litigation Reform Act of 1995. Such statements can be understood through words
and expressions like 'expect', 'project', 'anticipate', 'should', 'intend',
'probability', 'risk', 'VaR', 'RoRAC', 'RoRWA', 'TNAV', 'target', 'goal',
'objective', 'estimate', 'future', 'ambition', 'aspiration', 'commitment',
'commit', 'focus', 'pledge' and similar expressions. They include (but are not
limited to) statements on future business development, shareholder
remuneration policy and NFI. However, risks, uncertainties and other important
factors may lead to developments and results that differ materially from those
anticipated, expected, projected or assumed in forward-looking statements. The
important factors below (and others mentioned in this document), as well as
other unknown or unpredictable factors, could affect our future development
and results and could lead to outcomes materially different from what our
forward-looking statements anticipate, expect, project or assume: (1) general
economic or industry conditions (e.g., an economic downturn; higher volatility
in the capital markets; inflation; deflation; changes in demographics,
consumer spending, investment or saving habits; and the effects of the wars in
Ukraine and the Middle East or the outbreak of public health emergencies in
the global economy) in areas where we have significant operations or
investments; (2) exposure to market risks (e.g., risks from interest rates,
foreign exchange rates, equity prices and new benchmark indices); (3)
potential losses from early loan repayment, collateral depreciation or
counterparty risk; (4) political instability in Spain, the UK, other European
countries, Latin America and the US; (5) changes in monetary, fiscal and
immigration policies and trade tensions, including the imposition of tariffs
and retaliatory responses; (6) legislative, regulatory or tax changes
(including regulatory capital and liquidity requirements) and greater
regulation prompted by financial crises; (7)• acquisitions, integrations,
divestitures and challenges arising from deviating management's resources and
attention from other strategic opportunities and operational matters; (8)
climate-related conditions, regulations, targets and weather events; (9)
uncertainty over the scope of actions that may be required by us, governments
and other to achieve goals relating to climate, environmental and social
matters, as well as the evolving nature of underlying science and potential
conflicts and inconsistencies among governmental standards and regulations.
Important factors affecting sustainability information may materially differ
from those applicable to financial information. Sustainability information is
based on various materiality thresholds, estimates, assumptions, judgments and
underlying data derived internally and from third parties. Sustainability
information is thus subject to significant measurement uncertainties, may not
be comparable to sustainability information of other companies or over time or
across periods and its inclusion is not meant to imply that the information is
fit for any particular purpose or that it is material to us under mandatory
reporting standards. The sustainability information is for informational
purposes only, without any liability being accepted in connection with it
except where such liability cannot be limited under overriding provisions of
applicable law; (10) our own decisions and actions, including those affecting
or changing our practices, operations, priorities, strategies, policies or
procedures; (11) changes affecting our access to liquidity and funding on
acceptable terms, especially due to credit spread shifts or credit rating
downgrade for the entire group or core subsidiaries; (12) our exposure to
operational losses; and •(13)  potential losses associated with
cyberattacks, data breaches, data losses and other security incidents

Forward looking statements are based on current expectations and future
estimates about Santander's and third-parties' operations and businesses and
address matters that are uncertain to varying degrees, including, but not
limited to developing standards that may change in the future; plans,
projections, expectations, targets, objectives, strategies and goals relating
to environmental, social, safety and governance performance, including
expectations regarding future execution of Santander's and third parties'
energy and climate strategies, and the underlying assumptions and estimated
impacts on Santander's and third-parties' businesses related thereto;
Santander's and third-parties' approach, plans and expectations in relation to
carbon use and targeted reductions of emissions; changes in operations or
investments under existing or future environmental laws and regulations; and
changes in government regulations and regulatory requirements, including those
related to climate-related initiatives. Forward-looking statements are
aspirational, should be regarded as indicative, preliminary and for
illustrative purposes only, speak only as of the date of this document and are
informed by the knowledge, information and views available on such date and
are subject to change without notice. Banco Santander is not required to
update or revise any forward-looking statements, regardless of new
information, future events or otherwise, except as required by applicable law.

Not a securities offer

This document and the information it contains does not constitute an offer to
sell nor the solicitation of an offer to buy any securities.

Past performance does not indicate future outcomes

Statements about historical performance or growth rates must not be construed
as suggesting that future performance, share price or results (including
earnings per share) will necessarily be the same or higher than in a previous
period. Nothing in this document should be taken as a profit and loss
forecast.

 

 1  (#_ftnref1) 2 3 Underlying profit considered for this purpose is reported
profit (excluding non-cash, non-capital ratios impact items)

(#_ftnref2)

(#_ftnref3)

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