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MESSAGE _ENGLISH VERSION_
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2026-03-18
Current Report No. 18/2026
Subject: The Management Board's
recommendation on the distribution of profit for 2025 and a portion of
undistributed profits from previous years
In connection with current reports no.
10/2026 of 27 February 2026 and 15/2026 of 16 March 2026, the Management
Board of Santander Bank Polska S.A. _Bank_ hereby informs you that on 18
March 2026 it issued a recommendation on the distribution of profit for
2025 and undistributed profits from previous years. The recommendation
was positively reviewed by the Bank's Supervisory Board.
In line with the decision taken, the Bank's
Management Board recommends that profit of PLN 6,708,807,103.95 earned
in 2025 be distributed as follows:
- PLN 5,030,603,480.88 - to be allocated to
dividend for shareholders;
- PLN 220,542,000.00 - to be allocated to
the capital reserve;
- PLN 1,457,661,623.07 - to be kept
undistributed.
Moreover, the Management Board recommends
that PLN 76,818,432.84, representing the sum of undistributed profits
from 2018-2024, while not exceeding the levels specified in the Polish
Financial Supervision Authority's _KNF_ recommendations regarding the
Bank's profits for 2018-2024, should be allocated to the Dividend
Reserve created by force of resolution no. 6 of the Annual General
Meeting of 22 March 2021 on profit distribution and creation of capital
reserve for dividend for shareholders and that it should be paid out as
dividend.
The Management Board recommends that
102,189,314 _say: one hundred two million, one hundred eighty nine
thousand and three hundred fourteen_ series A, B, C, D, E, F, G, H, I,
J, K, L, M, N and O shares give entitlement to the dividend to be paid
out from profit earned in 2025 and from the Dividend Reserve _Dividend_.
The Dividend amount is PLN 5,107,421,913.72 _of which: PLN
5,030,603,480.88 represents 74.99% of the net profit earned in 2025 and
PLN 76,818,432.84 represents the amount allocated from the Dividend
Reserve, to which a portion of undistributed profits from the previous
years will be allocated_.
The Dividend per share will be PLN 49.98.
The Dividend record date will be 13 May
2026.
The Dividend will be paid out on 20 May
2026.
The Bank's Management Board and Supervisory
Board will present this proposal along with the recommendation at the
Bank's next Annual General Meeting.
When taking its decision, the Management
Board took into account the current macroeconomic environment as well as
the recommendations and current guidance of the Polish Financial
Supervision Authority _KNF_, including that outlined in the KNF's letter
of 27 February 2026, of which the Bank informed the market in its
current report no. 10/2026 of 27 February 2026, as well as that outlined
in the letter of 16 March 2026 confirming the possibility to pay
additional dividend, of which the Bank informed the market in its
current report no. 15/2026 of 16 March 2026.
Legal basis:
Article 17 of the MAR
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RB: Rekomendacja Zarządu dotycząca podziału zysku za 2025 r. oraz części zysków osiągniętych
w latach ubiegłych
