Financial Performance - Attributable profit reached £2.5 billion in H1'25, an 18.5% increase compared to H1'24[5, 10] - Total income, excluding notable items, increased by 13.7% to £8.0 billion in H1'25[5, 10] - Return on Tangible Equity (RoTE) improved to 18.1% compared to 16.4% in H1'24[5, 10] - Earnings per share increased by 28% to 30.9p in H1'25[5] Balance Sheet Strength - Customer loans increased by 3.2% to £384 billion compared to December 2024[5] - Customer deposits increased by 1.0% to £436 billion compared to December 2024[5] - Assets Under Management (AUMA) increased by 5.9% to £52 billion compared to December 2024[5] - The CET1 ratio is strong at 13.6%[5, 8] Strategic Initiatives - The group added 1.1 million customers, including over 100,000 organically, bringing the total to over 20 million[7] - The group delivered £110 billion of Climate and Sustainable Finance and introduced a new £200 billion Climate and Transition Finance target[7] - A £750 million share buyback program was announced, equivalent to 40bps of surplus capital[8]

Strategy and Outlook - Sabadell aims for a Return on Tangible Equity (RoTE) of 16% by 2027[8, 97] - The bank anticipates a mid-single-digit Compound Annual Growth Rate (CAGR) for fees and commissions between 2024 and 2027[41, 51, 106, 147] - Sabadell projects a cost of risk (CoR) of approximately 40bps in 2027[41, 97, 117, 118, 119, 147] - The institution expects mid-single-digit growth in its loan book between 2024 and 2027[41, 94] Financial Performance and Capital Allocation - Sabadell plans to distribute a total of €6.3 billion to shareholders between 2025 and 2027 through dividends and share buybacks[83, 133, 138, 148, 152] - The bank's Common Equity Tier 1 (CET1) ratio target is 13% fully loaded[82, 83, 134, 147] - The company expects cash dividend per share in 2025, 2026 and 2027 to be higher than 2024[83, 139] Growth and Transformation Initiatives - The institution anticipates credit market share in Spain to grow 25-30bps from the current 80%[45] - Sabadell has observed a 46% to 59% of new lending with PD<1% in Dec'24[26] - The bank's digital customer acquisition is expected to increase by over 15% cumulatively between 2025 and 2027[54]