Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004943
Chunk: 12

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 12
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 recognized at a point in time to direct customers, when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer.In the six-month period ended June 30, 2025, and 2024, revenues related to governmental institutions represented approximately 26% and 28%, respectively.

Tubes segment revenues by market:

(All amounts in millions of U.S. dollars)

|                              | Revenues Tubes | Six-month period ended June 30, |  2025 |     |     |  2024 |
|:-----------------------------|:---------------|:--------------------------------|------:|:----|:----|------:|
|                              |                | -Unaudited                      |       |     |     |       |
| Oil & Gas                    |                |                                 | 5,090 |     |     | 5,762 |
| Oil & Gas processing plants  |                |                                 |   273 |     |     |   308 |
| Industrial, Power and Others |                |                                 |   323 |     |     |   351 |
| Total                        |                |                                 | 5,686 |     |     | 6,421 |

The table above includes revenues from services performed on third party
tubes of $210.8 million and $293.8 million for the six-month period
ended June 30, 2025, and 2024, respectively.

| 4 | Cost of sales |

|                                                                   |     | Six-month period ended June 30, |       2025 |   |     |     |       2024 |   |
|:------------------------------------------------------------------|:----|:--------------------------------|-----------:|:--|:----|:----|-----------:|:--|
|                                                                   |     | -Unaudited                      |            |   |     |     |            |   |
| Inventories at the beginning of the period                        |     |                                 |  3,709,942 |   |     |     |  3,921,097 |   |
| Changes in inventories due to business combinations (*)           |     |                                 |          - |   |     |     |     (3,584 | ) |
| Decrease in inventory due to deconsolidation of subsidiaries (**) |     |                                 |        (43 | ) |     |     |          - |   |
| Plus: Charges of the period                                       |     |