How much has Banco Santander spent on its share buyback so far?

The bank reports that it has spent €603,268,044 on its share buyback programme as of 8 October 2025, representing 35.5% of the programme’s maximum investment amount.

What proportion of Banco Santander’s share capital has been bought back?

Banco Santander states that, with the purchases executed under the programme, it has repurchased approximately 14.6% of its outstanding shares as of 2021 .

On which markets did Banco Santander execute its recent share repurchases?

During 2–8 October 2025, Banco Santander carried out buyback transactions in its shares on XMAD , CEUX , TQEX and AQEU , with specified weighted average prices for each venue and day.

Banco Santander (OTC: BCDRF) details €603M buyback progress in latest week

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Banco Santander reports continued progress on its share buyback programme. Between 2 and 8 October 2025, the bank repurchased a total of 7,700,000 of its own shares across several European trading venues at weighted average prices around €8.64–€8.81 per share.

The bank states that, up to 8 October 2025, it has spent €603,268,044 on the buyback programme, which is approximately 35.5% of the programme’s maximum planned investment. Cumulatively, these repurchases represent about 14.6% of Banco Santander’s outstanding shares as of 2021, signalling a substantial reduction in the share count over time.

Positive

Substantial share repurchase progress: Banco Santander has spent €603,268,044 on its buyback programme, equal to 35.5% of the planned maximum, retiring shares amounting to about 14.6% of its 2021 outstanding share count.

Negative

None.

Insights

Large, ongoing buyback is reducing Banco Santander’s share count meaningfully.

Banco Santander reports that it has spent €603,268,044 on its share buyback programme as of 8 October 2025, equal to 35.5% of the programme’s maximum investment. This level of execution indicates a firm commitment to returning capital via share repurchases.

The bank also notes that the programme has led to repurchases equivalent to about 14.6% of its outstanding shares as of 2021, which is a sizable reduction in share count. A lower share base can increase per-share metrics such as earnings per share, although the actual effect depends on future profitability and capital needs.

For investors, the disclosed weekly activity of 7,700,000 shares bought between 2 and 8 October 2025 provides transparency on how actively the programme is being executed over time.

Form 6-K: How Foreign Companies Report to the SEC →

10/09/2025 - 06:08 AM

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of October, 2025

Commission File Number: 001-12518

Banco Santander, S.A.

(Exact name of registrant as specified in its charter)

Ciudad Grupo Santander

28660 Boadilla del Monte (Madrid) Spain

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

Form 40-F

Banco Santander, S.A.

TABLE OF CONTENTS

Item

1	Report of Other Relevant Information dated October 9, 2025

Item 1

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

OTHER RELEVANT INFORMATION

Reference is made to our notice of inside information of 30 July 2025 (official registry number 2844) (the “Buyback Commencement Communication”), relating to the buyback programme of own shares (the “Buyback Programme”) approved by the Board of Directors of Banco Santander.

Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 2 and 8 October 2025 (both inclusive).

The cash amount of the shares purchased to 8 October 2025 as a result of the execution of the Buyback Programme amounts to 603,268,044 Euros, which represents approximately 35.5% of the maximum investment amount of the Buyback Programme. The programme was announced together with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately 14.6% of its outstanding shares as of 2021.

Date	Security	Transaction	Trading venue	Number of shares	Weighted average price (€)
02/10/2025	SAN	Purchase	XMAD	1,652,572	8.7684
02/10/2025	SAN	Purchase	CEUX	103,730	8.7983
02/10/2025	SAN	Purchase	TQEX	21,792	8.8018
02/10/2025	SAN	Purchase	AQEU	21,906	8.8044
03/10/2025	SAN	Purchase	XMAD	1,062,295	8.7727
03/10/2025	SAN	Purchase	CEUX	95,764	8.7710
03/10/2025	SAN	Purchase	TQEX	20,346	8.7717
03/10/2025	SAN	Purchase	AQEU	21,595	8.7708
06/10/2025	SAN	Purchase	XMAD	1,255,767	8.7037
06/10/2025	SAN	Purchase	CEUX	69,710	8.7096
06/10/2025	SAN	Purchase	TQEX	38,194	8.7124
06/10/2025	SAN	Purchase	AQEU	36,329	8.7214
07/10/2025	SAN	Purchase	XMAD	1,535,134	8.6447
07/10/2025	SAN	Purchase	CEUX	96,482	8.6579
07/10/2025	SAN	Purchase	TQEX	22,104	8.6490
07/10/2025	SAN	Purchase	AQEU	46,280	8.6648
08/10/2025	SAN	Purchase	XMAD	1,437,486	8.7052
08/10/2025	SAN	Purchase	CEUX	96,666	8.7003
08/10/2025	SAN	Purchase	TQEX	24,895	8.6924
08/10/2025	SAN	Purchase	AQEU	40,953	8.7010
			TOTAL	7,700,000

Issuer name: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13

Reference of the financial instrument: ordinary shares - Code ISIN ES0113900J37

Detailed information of the transactions carried out within the referred period is attached as Annex I.

Boadilla del Monte (Madrid), 9 October 2025

ANNEX I

Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 02/10/2025 and 08/10/2025 (both inclusive)

(https://www.santander.com/content/dam/santander com/es/documentos/cumplimiento/do-anexo-i-02-a-08-10-2025.pdf)

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:	October 9, 2025	By:	/s/ Pedro de Mingo Kaminouchi
			Name:	Pedro de Mingo Kaminouchi
			Title:	Head of Corporate Compliance

Source: View Original Filing on SEC EDGAR

FAQ

What did Banco Santander (BCDRF) disclose in this Form 6-K?

Banco Santander disclosed an update on its share buyback programme, detailing purchases of its own shares made between 2 and 8 October 2025 and the cumulative amount invested in the programme.

How many Banco Santander shares were repurchased between 2 and 8 October 2025?

Between 2 and 8 October 2025, Banco Santander repurchased a total of 7,700,000 of its own shares across various trading venues, including XMAD, CEUX, TQEX and AQEU.

What is the maximum size of Banco Santander’s buyback programme?

The bank indicates that the €603,268,044 already invested corresponds to 35.5% of the buyback programme’s maximum investment amount, implying a significantly larger authorised programme, although the exact ceiling is not restated here.