The calculation of earnings per share is as follows: | | | | | | | | | | | | BASIC AND DILUTED EARNINGS PER SHARE | | | | | | 2025 | 2024 | 2023 | | Numerator for basic and diluted earnings per share (millions of euros) | | | | Profit attributable to parent company | 10,511 | 10,054 | 8,019 | Adjustment: Additional Tier 1 securities ⁽¹⁾ | (397) | (388) | (345) | | Profit adjusted (millions of euros) (A) | 10,114 | 9,666 | 7,675 | Profit (loss) from continued operations (net of remuneration of Additional Tier 1 capital instruments) | 10,114 | 9,666 | 7,675 | Profit (loss) from discontinued operations (net of non-controlling interests) (B) | — | — | — | Denominator for basic earnings per share (number of shares outstanding, in millions) ⁽²⁾ | | | | Weighted average number of shares outstanding | 5,762 | 5,793 | 5,988 | | | | | Average treasury shares | (9) | (10) | (5) | Share buyback program (average) | (5) | (13) | (28) | | Adjusted number of shares - Basic earnings per share (C) | 5,748 | 5,769 | 5,954 | | Adjusted number of shares - diluted earnings per share (D) | 5,748 | 5,769 | 5,954 | | Earnings (losses) per share | 1.76 | 1.68 | 1.29 | Basic earnings (losses) per share from continuing operations (Euros per share) A-B/C | 1.76 | 1.68 | 1.29 | Diluted earnings (losses) per share from continuing operations (Euros per share) A-B/D | 1.76 | 1.68 | 1.29 | Basic earnings (losses) per share from discontinued operations (Euros per share) B/C | — | — | — | Diluted earnings (losses) per share from discontinued operations (Euros per share) B/D | — | — | — |
(1) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4). (2) For the calculation of earnings per share, the average number of shares in a year takes into account the redemptions made in such year related to the share buyback programs (see Note 4)
|