Santander Bank Polska (SPL) investor relations material

Executive summary

• Net profit for 2025 reached PLN 6,764.8m, up 29% year-over-year, with profit attributable to owners at PLN 6,478.8m, and gross profit at PLN 8,259.9m, up 14% year-over-year.

• Sale of Santander Consumer Bank S.A. finalized, with transition to Erste Group as main shareholder and rebranding to Erste Bank Polska approved; KRS registration planned for Q2 2026.

• 2025 marked by strong financial performance, strategic investments, and digitalization initiatives, positioning for further growth under new ownership.

• Customer base expanded to 6.0 million, with 3.9 million digital customers.

Financial highlights

• Total income from continuing operations increased by 4.5% year-over-year to PLN 16,021.7m; Q4 income was PLN 4bn.

• Net interest income rose 3.5% year-over-year to PLN 12,702.8m; net fee and commission income grew 5.9% to PLN 2,948.5m.

• Operating expenses rose 9.1% year-over-year to PLN 4,857.2m, mainly due to higher regulatory costs; cost/income ratio at 30.3%.

• Customer deposits at PLN 230,142.6m; total assets at PLN 380bn.

• Earnings per share reached PLN 63.4.

Outlook and guidance

• Economic growth expected to accelerate to 3.6% in 2025, with continued monetary easing and fiscal expansion.

• Continued growth in lending, especially in SME and corporate segments, with focus on profitable expansion and digitalization.

• Strategy for 2026 includes maintaining cost-to-income ratio around 30% and aligning cost growth with CPI.

• Rebranding and integration costs estimated at PLN 250m before tax, mostly incurred in 2026.

• Dividend payout potential up to 75% of profit, pending regulatory approval.