Financial Performance Highlights - H1'25 attributable profit reached €6.83 billion, a 13% increase compared to H1'24 [22, 61] - Group revenue totaled €31.01 billion, showing a slight decrease of 0% in current euros but a 5% increase in constant euros compared to H1'24 [24] - The Group's RoTE post-AT1 stood at 16.0%, a 0.9 percentage point increase year-over-year [22] - TNAVps (Tangible Net Asset Value per Share) plus Cash DPS (Dividend Per Share) increased by 16% year-over-year [22, 57] Business Segment Performance - Retail banking achieved a RoTE post-AT1 of 17.2% with a profit of €3.7 billion [30, 33] - CIB (Corporate & Investment Banking) reported a RoTE post-AT1 of 20.8% and a profit of €1.5 billion [30, 39] - Wealth Management saw a RoTE post-AT1 of 67.3% and a profit of €948 million [30, 43] - Payments, including PagoNxt and Cards, reported a profit of €335 million, with PagoNxt EBITDA margin at 28.8% [30, 50] Strategic Initiatives and Capital Allocation - The company is ahead of its Investor Day 2025 targets, including profitability and shareholder remuneration [17] - The company plans to distribute approximately 50% of Group reported profit as shareholder remuneration, split evenly between cash dividends and share buybacks [19] - The company aims for at least €10 billion in share buybacks for 2025 and 2026 earnings [18, 88]