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Non-controlling interests | 12 Months Ended
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Dec. 31, 2025
Non-Controlling Interests [Abstract] |
Non-controlling interests | Non-controlling interests Non-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the year. a) Breakdown The detail, by Group company, of 'Equity - Non-controlling interests' is as follows:
EUR million
| 2025 | 2024 | 2023
Santander Bank Polska S.A. | 2,670 |  | 2,320 |  | 1,934 |
Grupo PSA | 1,815 |  | 1,725 |  | 1,590 |
Banco Santander - Chile | 1,422 |  | 1,364 |  | 1,379 |
Banco Santander (Brasil) S.A. | 1,397 |  | 1,257 |  | 1,493 |
Other companies A | 875 |  | 890 |  | 1,315 |
| 8,179 |  | 7,556 |  | 7,711 |
Profit/(Loss) for the year attributable to non-controlling interests | 1,399 |  | 1,170 |  | 1,107 |
Of which: |  |  |
Grupo PSA | 230 |  | 217 |  | 285 |
Banco Santander - Chile | 313 |  | 271 |  | 235 |
Banco Santander (Brasil) S.A. | 184 |  | 233 |  | 182 |
Santander Bank Polska S.A. | 604 |  | 413 |  | 347 |
Other companies | 68 |  | 36 |  | 58 |
TOTAL | 9,578 |  | 8,726 |  | 8,818 |
A. It included, as of 31 December 2023, perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of the entity itself amounting EUR 576 million. During 2024, the last outstanding issuance held by third parties for GBP 500 million (EUR 590 million) was redeemed. b) Changes The changes in Non-controlling interests are summarised as follows:
EUR million
| 2025 | 2024 | 2023
Balance at beginning of year | 8,726 |  | 8,818 |  | 8,481 |
Other comprehensive income | 73 |  | (461) |  | 297 |
Other | 779 |  | 369 |  | 40 |
Profit attributable to non-controlling interests | 1,399 |  | 1,170 |  | 1,107 |
Modification of participation rates A | 339 |  | 395 |  | (258) |
Change of perimeter | (5) |  | (8) |  | (364) |
Dividends paid to minority shareholders | (896) |  | (660) |  | (748) |
Changes in capital and other concepts B | (58) |  | (528) |  | 303 |
Balance at end of year | 9,578 |  | 8,726 |  | 8,818 |
A. Include the effects of the accelerated placements of 3.5% and 5.2% of the share capital of Santander Bank Polska S.A. in 2025 and 2024, respectively, and the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2023 (see note 3.b). B. Includes the effects of the amortization of AT1 UK by EUR 590 million at closing of fiscal year 2024. The foregoing changes are shown in the consolidated statement of changes in total equity. c) Other information The financial information on the subsidiaries with significant non-controlling interests at 31 December 2025 is summarised below:
EUR million A
| Santander Bank Polska S.A. | Banco Santander (Brasil) S.A. | Banco Santander - Chile | Grupo PSA
Total assets | 78,186 |  | 209,453 |  | 68,205 |  | 47,826 |
Total liabilities | 70,380 |  | 193,380 |  | 62,604 |  | 43,717 |
Net assets | 7,806 |  | 16,073 |  | 5,601 |  | 4,109 |
Total income | 3,724 |  | 12,602 |  | 2,714 |  | 1,305 |
Total profit | 1,528 |  | 2,388 |  | 1,043 |  | 460 |

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- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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