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4Q25 Earnings Release 4Q25 Earnings Presentation Institutional presentation 4Q25 BRGAAP
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2 This presentation may contain certain forward-looking statements and information pertaining to Banco Santander (Brasil) S.A. (“Santander Brasil”) and its subsidiaries, which reflect the current views and / or expectations of Santander Brasil and its management regarding its business performance and future events. Forward-looking statements include, without limitation, any statement that may predict, forecast, suggest or imply future results, performance or achievements, and may include terminology such as “believe”, “anticipate”, “expect”, “estimate”, “could”, “forecast”, “potential”, “will likely result”, or others that have similar meaning. Such statements are subject to numerous risks, uncertainties and assumptions. We issue a warning that a number of significant circumstances could cause actual results to significantly diverge from the plans, objectives, expectations, estimates and intentions expressed herein. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. In no event shall Santander Brasil, as well as any of its subsidiaries, affiliates, shareholders, directors, officers, employees or agents are in no way responsible for third parties (including investors) for any investment or business decision or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or related damages. Aside from other considerations stated in this presentation, the following factors, among others, could cause actual results to differ materially from the forward-looking statements or historical performance. Our ability to compete effectively will depend on changes in consumer preferences and financial circumstances of our consumers and competitive conditions in the markets in which we operate, changes in economic, political and business conditions in Brazil; government interventions leading to changes in the Brazilian economy, taxes, tariffs or regulatory environment; our ability to compete successfully; changes in our business; our ability to successfully implement marketing strategies; our identification to business opportunities; our ability to develop and introduce new products and services; changes in the cost of our products and operating costs; our level of indebtedness and other financial obligations; our ability to attract new customers; inflation in Brazil; the devaluation of the Brazilian Real against the U.S. Dollar and interest rate fluctuations; current or future changes in laws and regulations; and our ability to maintain existing business relationships and create new relationships. Disclaimer S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 2
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3 1 Macroeconomic scenario Macroeconomic scenario 32 4 5 Santander Group Santander Group Santander Brasil’s strategy 4Q25 Results Further Information S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n
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Posição da nota de rodapé 4 1. Macroeconomic Scenario
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Macroeconomics | Key Indicators FX Rate (PTAX)1 Inflation (annual %)1 SELIC target (annual %)1 GDP (annual %) 1 Economic activity performance* Growth YoY (%) Unemployment rate (%) S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 5(1) Santander Brasil forecasts for 2025 and 2026. *Latest available information. | Source: IBGE and Ipeadata. 4.62 4.83 4.26 3.72 2023 2024 2025 2026 11.75 12.25 15.00 12.00 2023 2024 2025 2026 3.24 3.42 2.20 1.50 2023 2024 2025 2026 4.86 6.18 5.47 5.90 2023 2024 2025 2026 7.9 7.4 6.2 5.1 Dec/22 Dec/23 Dec/24 Dec/25 0.82 -1.36 1.36 1.34 6.50 2.52 Nov/22 Nov/23 Nov/24 Nov/25 Industrial production Retail Sales Volume of Services - 3 p.p. Dec/22 vs. Dec/25
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Financial System | Credit Credit evolution Over 90-day | NPL ratio Household debt to income* S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 6Source: Brazilian Central Bank | *Latest available information. R$ trillion and YoY growth % % 49.4 49.8 Nov/22 Nov/23 Nov/24 Nov/25 2.2 2.7 3.2 4.4 14.5% 10.2%10.1% 8.1% 17.7% 11.6% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% -1.0 1.0 3.0 5.0 7.0 9.0 11.0 13.0 15.0 Dec/22 Dec/23 Dec/24 Dec/25 Companies Individuals Total YoY Companies YoY Individuals YoY 3.0 4.1 1.7 2.5 3.9 5.1 Dec/22 Dec/23 Dec/24 Dec/25 Total Companies Individuals
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Posição da nota de rodapé 7 2. Santander Group
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Santander, a leading financial group S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 8(1) As of 12/31/2025. (2) Excluding reverse repos. (3) Excluding repos. Total assets (billion) Attributable profit (million) Market cap (billion)1 Branches Employees Customers (million) Highlights | 2025 Our unique combination of in-market presence and global scale network allows us to be among the most profitable banks in our markets Profit 2025 Customer deposits3 Loan Portfolio2 By Global Business € million 41% 6%20% 13% 14% 6% Retail - Individuals Retail - SMEs Retail - Corporate & Institutions Consumer CIB Other 37% 3% 19% 21% 15% 5% 7,666 1,741 2,834 2,063 883 Retail & Commercial Banking Digital Consumer Bank Corporate & Investment Banking Wealth Management & Insurance Payments 1.0 1.0 € trillion € trillion € 1,868 € 14,101 € 148 7,124 198,403 180
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Posição da nota de rodapé 9 3. Santander Brasil’s Strategy
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4Q25 Highlights S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 10 Santander Brasil Total Assets (billion) R$ 1,256 Expanded Loan Portfolio (billion) R$ 708 Customer Funding (billion) R$ 670 Managerial Net Profit (million) R$ 4,086 Market Cap (billion) R$ 126 Branches and PABs (mini branches) 1,685 Employees 49,661 Total Customers (million) 73.9
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Think Value Think Customer Think Global Boosting efficiency and productivity through modernization and automation at scale Hyper-personalized experiences driven by data and anticipation of customer needs Seamless and integrated customer journey across channels Presence in everyday life with simpler and more targeted product offerings Leveraging global platforms to accelerate innovations and reduce costs Benchmark in utilizing GenAI, providing a competitive edge and improved customer experience Ongoing enhancement of risk and capital management aimed at business profitability Funding mix optimization and revenue diversification Brazil as an innovation hub for exporting digital models The global bank with the largest presence in Brazil S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 11 S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 11 One Santander: agility, innovation, and scalability
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S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 12 SCIB Global Customers List Corporate Revenue above R$ 200 million Empresas E3 Revenue from R$ 30 million to R$ 200 million Empresas Digital Revenue up to R$ 300 thousand Empresas E2 Revenue from R$ 3 million to R$ 30 million SMEs Large Companies Santander Monthly income below R$ 7,000 Empresas E1 Revenue up to R$ 3 million Segmentation Corporate and SMEs Select Monthly income above R$ 7,000 or R$ 100,000 in investments Individuals1 Private banking Investments above R$ 10 million Offer suited to each customer profile (1) The ranges indicate the most suitable segment for each customer profile, although anyone (regardless of income) is able t o join the Select segment by purchasing their respective service.
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Diversified business model and relevant scale across all segments Expanded Loan Portfolio (Dec/25) Loan Concentration Individuals mix S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 13 Companies mix Consumer Finance Mix 38% 35% 13% 13% R$536,0 billion 708.2 18% 13% 8% 6% 1% 100 Largest 50 Largest 20 Largest 10 Largest Largest debtor 26% 23% 25% 27% 14% 14% 21% 24% 4% 3% 6% 6% 3% 3% Dec/24 Dec/25 Payroll Loans Mortgages Personal Loans/Others Credit Cards Agricultural Loans Private securities and guarantees Leasing/Auto Loans 36% 37% 27% 28% 29% 27% 2% 3% 4% 3% 1% 1% 1% 1% Dec/24 Dec/25 Private securities and guarantees Working Capital/Others Trade Finance On-lending Agricultural Loans Leasing/Auto Loans 88% 87% 12% 13% Dec/24 Dec/25 Auto Goods and Services Large companies IndividualsSMEs Consumer Finance
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14 240.8 244.9 250.5 Dec/23 Dec/24 Dec/25 77.2 84.0 94.8 Dec/23 Dec/24 Dec/25 Corporate R$ billion Services tailored to our customers’ complexity and sophistication SMEs Wide presence and competitive advantages to drive business growth Expanded loan portfolio R$ billion Ambition to be the bank of choice for companies Expanded loan portfolio R$ billion Companies S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 14(1) Euromoney. (2) SRP Americas Awards. (3) Global Derivatives Awards. (4) Latin Finance. Expanded loan portfolio NPS +23% +4% 65% 64% 63% 35% 36% 37% 318.0 328.9 345.4 Dec/23 Dec/24 Dec/25 Loan Private securities and guarantees 41 49 49 4Q23 4Q24 4Q25 +9% Best Structured Products Distributor 2 Best FX bank in Latin America1 Best Structured Products House in Brazil2 Derivatives House of the Year in Latin America3 Infrastructure Bank of the Year4 Accolades 2025
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60.5% 58.6% 58.6% 59.4% 59.0% 12.1% 12.0% 12.6% 12.9% 13.5% 10.0% 11.3% 11.1% 11.6% 11.4% 8.9% 8.4% 8.4% 8.0% 7.9% 6.4% 7.7% 7.6% 6.5% 5.4% 2.1% 1.9% 1.6% 1.6% 2.8% 645.5 651.5 643.8 659.5 670.4 -1000.00 -800.00 -600.00 -400.00 -200.00 .00 200.00 400.00 600.00 30% 40% 50% 60% 70% 80% 90% 100% 110% 120% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 Repo products² Demand deposits Saving deposits Financial bills and others¹ Mortgage (LCI) and Agribusiness (LCA) credit notes Time deposits Funding from clients (R$ billion) S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 15 Evolution of the funding mix plan Constant evolution of the funding mix R$ billion (1) Includes Secured real estate notes and COE. (2) Backed by debentures. (3) Includes the Private segment. Diversification of our funding base, focused on individual customers Building a best-in-class investment platform, combining human relationships with scalable digital excellence Customer funding mix by segment 43% 45% 50% 57% 55% 50% Dec/23 Dec/24 Dec/25 Corporate & SMEs Individuals3
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Commitment to sustainability S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 16 + We enabled R$ 38.6 billion in sustainable businesses and achieved a portfolio1 of R$ 50.7 billion, which includes green bond issuances, clean energy financing, and dedicated product options + We maintained our market leadership in CBIOS (carbon credits) with a 41% market share + At Prospera Santander Microfinance, which provides financial solutions to entrepreneurs, we attained a loan portfolio of R$ 3.5 billion (+5% YoY), with 1.2 million active customers + Through the Amigo de Valor (23rd edition) and Parceiro do Idoso (13th edition) programs, dedicated to protecting the rights of children, adolescents and elderly individuals in vulnerable situations, we mobilized R$ 44.5 million to support 106 projects + We achieved an “A” score from CDP (Carbon Disclosure Project), placing Santander on the prestigious A List: the scale is from “A” to “D”, with “A” being the greater score. Furthermore, we remain constituents of leading sustainability indices, including ISE, Idiversa and ICO2 (1) Portfolio includes operations that qualify under Santander's Sustainable Finance and Investment Classification System ("S FICS").
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Continuous learning We invest in fostering an environment where each professional engages in continuous learning and, from that, takes the lead in building their own career 92% of employees participated in training during the year Our people are the greatest lever for delighting our customers 37% Women in leadership positions 37% Black and Brown employees Santander Culture eNPS1 79 PtsOur purpose is helping people and businesses prosper Our employees highlight that teamwork, collaboration, and an inclusive environment are among the top reasons for pride in being part of the Group in our Your Voice survey, an important tool that enables us to gauge the organization's pulse and establish actions for our constant evolution S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 17(1) eNPS (Employee Net Promoter Score) – measurement of employee satisfaction levels.
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Governance Structure Shareholders Meeting Board of Directors (BoD) Advisory Committees to the Board Executive Committee: Composed of CEO and Executive Vice-Presidents Executive Board (C-Level) ESG as a metric for evaluating executive performance Diverse and independent Board of Directors 45% of the members are women 45% of the members are independent S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 18As of January 2026. Independent Directors Non-independent Directors Independent Members Non-independent Members Audit Nomination and Governance Compensation Risk and Compliance Sustainability BoD 5 1 2 2 2 3 6 - 1 1 - 1 - 3 1 2 2 - - - - - - - 1 3 1 2Innovation and Technology
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S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 19 42.25% 99.1% 0.04% 0.45% 10.02% Banco Santander (Brasil) S.A. Free Float Treasury shares & Management Banco Santander S.A. Grupo Empresarial Santander S.L. Sterrebeeck B.V Stock Performance2Ownership structure1 Free Float Segmentation (1) As of December 2025. (2) Base Date: 12/31/2025. (3) Brazilian Stock Exchange. Base 100 in 2009 (Santander Brasil’ IPO) 34.9% 33.5% 25.4% 25.6% 39.7% 40.9% Dec/24 Dec/25 Local Investor - B3³ Foreign Investor - B3³ NYSE Stock Indicators Dec/24 Sep/25 Dec/25 Market cap (R$ million) 88,900 110,580 126,300 Managerial Net Profit by unit (R$) - annualized 4.13 4.29 4.38 Accounting Net Profit by unit (R$) – annualized 4.02 4.22 4.31 Total shares by the end of period – million 7,460 7,471 7,471 Book value by unit (R$) 23.73 24.72 25.11 404 257 100% 47.25% 2009 2012 2015 2019 2022 2025
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Credit Ratings1 S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 20 Global Scale Local Currency Foreign Currency National BB (stable) brAAA (stable) BB (stable) Baa3 (stable) Baa3 (stable) Long Term Short Term B Long Term Short Term Long Term Short Term NP B NP brA-1+ Aaa.Br (stable) Br-1 Local Scale (1) Data- base S&P: 11/11/2025. Moody’s: 09/24/2025
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Posição da nota de rodapé 21 4. 4Q25 Results Santander Brasil
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22 4Q25 Results S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 22 4Q25 Earnings Release 4Q25 Highlights ROAE 17.6% Stable vs 3Q25 -0.1 p.p. vs 4Q24 Cost of risk 3.76% -0.1 p.p. vs 3Q25 +0.3 p.p. vs 4Q24 BIS ratio 15.4% +0.2 p.p. vs 3Q25 +1.1 p.p. vs 4Q24 CET1 11.6% -0.2 p.p. vs 3Q25 +0.6 p.p. vs 4Q24 (R$ million) 4Q25 4Q25 x 3Q25 4Q25 x 4Q24 2025 2025 x 2024 Net Interest Income 15,332 0.8% -4.0% 61,858 1.8% Fees 5,754 3.6% 4.3% 21,647 3.5% Total revenues 21,086 1.6% -1.9% 83,505 2.3% Result from loan losses (6,105) -6.4% 2.9% (25,880) 8.9% General expenses (6,633) 3.3% -2.0% (26,042) 0.8% Other operating income/expenses (2,609) 13.5% 14.9% (8,962) -9.9% Tax expenses (1,471) 3.5% -0.9% (5,566) -0.5% Others 78 -60.1% 15.5% 530 47.6% Profit before taxes 4,347 1.3% -14.8% 17,585 4.2% Taxes and minority interest (260) -7.2% -79.2% (1,969) -34.6% Managerial net profit 1 4,086 1.9% 6.0% 15,615 12.6%
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23 4Q25 Results | Financial Highlights R$ billion 4Q25 Earnings Release S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 23 Net Interest Income Fees Total Expenses +0.8% QoQ +3.6% QoQ +3.3% QoQ -4.0% YoY +4.3% YoY -2.0% YoY 16.0 15.9 15.4 15.2 5.5 5.1 5.2 5.6 6.8 6.6 6.4 6.4 4Q24 1Q25 2Q25 3Q25 4Q24 1Q25 2Q25 3Q25 4Q24 1Q25 2Q25 3Q25 Client NII Cards Credit Operations Personnel +1.6% QoQ +7.2% QoQ -1.6% QoQ +1.3% QoQ +6.6% YoY +8.2% YoY -18.7% YoY -7.9% YoY Market NII Insurance Asset Management Administrative +10.3% QoQ +4.9% QoQ +1.4% QoQ +6.5% QoQ n.a. YoY +14.7% YoY +25.3% YoY +4.2% YoY Spread (p.a.) Current Account Collections Services Depreciation and Amortization -0.17 p.p. QoQ -0.3% QoQ -3.9% QoQ +0.3% QoQ +0.18 p.p. YoY -4.7% YoY -11.5% YoY +2.0% YoY Capital Markets Others -4.1% QoQ 26.3% QoQ -3.0% YoY 30.0% YoY0.4 0.3 -1.5 1.2 0.5 2.7 10.67% 0.9 0.3 0.8 15.3 5.8 6.6 16.8 1.7 0.5 3.0
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S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 24 4Q25 Results | Cost of risk and NPL 4Q25 Earnings Release (1) Annualized accumulated cost of risk. 7,012 7,758 7,510 6,768 (622) (896) (986) (664) 6,390 6,862 6,524 6,105 1Q25 2Q25 3Q25 4Q25 3.74% 3.90% 3.86% 3.76% 4.8% 5.6% 5.3% 5.1% 5.1% 2.0% 1.9% 2.2% 2.2% 2.5% 3.7% 4.1% 4.0% 3.9% 4.0% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 Result from loan losses and cost of risk R$ million NPL acima de 90 dias NPL 15 - 90 days 4.3% 4.3% 4.0% 4.2% 4.6% 1.6% 1.9% 1.8% 2.1% 2.4% 3.2% 3.3% 3.1% 3.4% 3.7% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 NPL over 90 days Total Individuals Corporate and SMEs Total Individuals Corporate and SMEs Provision for loan losses Recovery of loans written-off as losses Cost of risk1 1.07% 1.23% 1.20% 1.23% 1.17% 4Q24 1Q25 2Q25 3Q25 4Q25 NPL formation NPL formation/ loan portfolio
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25 4Q25 Results | Capital and liquidity S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 25 NSFRLCR CET1 RatioBIS Ratio 4Q25 Earnings Release Minimum required (100%) Minimum required (100%) 14.3% 14.3% 15.0% 15.2% 15.4% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 11.0% 11.1% 11.6% 11.7% 11.6% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 172% 157% 162% 169% 175% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 111% 113% 112% 112% 115% Dec/24 Mar/25 Jun/25 Sep/25 Dec/25
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Posição da nota de rodapé 26 5. Further information
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2024 Annual Integrated Report (only Portuguese) Earnings Release 4Q25 Earnings Presentation 4Q25 Reports and related links Santander Brasil Santander Global (Only English and Spanish) Historical Series 4Q25 2024 Annual Report Financial Report 2025 Earnings Presentation 2025 2-Year Historical Series | 2025 S a n t a n d e r B r a s i l | I n s t i t u t i o n a l P r e s e n t a t i o n 27 Investor Relations website Investor Relations website Santander Group Investor Relations website Santander Group Investor Relations website For additional information, please visit: For additional information, please visit: