Banco Santander Share Buyback Programme 2025

SEC Filing 6-K (0000950103-25-009476)

Banco Santander, S.A. has announced the approval of a share repurchase programme as part of its shareholder remuneration policy. The programme, amounting to approximately 1,700 million euros, represents around 25% of the Group’s underlying profit for the first half of 2025. The buyback will commence on 31 July 2025 and is expected to run until 3 January 2026, with the possibility of early termination if the maximum monetary amount is reached or other circumstances arise. The programme aims to reduce the Bank’s share capital by redeeming shares acquired under the programme. The shares will be purchased at market price, with specific restrictions on the purchase price and daily volume. The decision on the interim cash dividend for 2025 is expected to be made by the Board on 30 September 2025.