Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 37

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 37
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,302 ordinary shares held in treasury by the Company and the corresponding reduction of the issued share capital of the Company and, accordingly, the legal reserve was proportionally reduced.

(4)Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the remeasurement of post-employment benefit obligations, the changes in value of cash flow hedges and in financial instruments measured at fair value through other comprehensive income and the changes in the share buyback program liability.

(5)The restrictions to the distribution of profits and payment of dividends according to Luxembourg Law are disclosed in note 18.

(6)Mainly related to the change in the fair value of U.S. dollar-denominated Argentine bonds.

The accompanying notes are an integral part of these Consolidated Condensed Interim Financial Statements.

These Consolidated Condensed Interim Financial Statements should be read in conjunction with our audited Consolidated Financial Statements and notes for the fiscal year ended December 31, 2024.

| 27 |

CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CASH FLOWS

|                                                                                              |             | Notes | Six-month period ended June 30, |        2025 |   |     |     |       2024 |   |
|:---------------------------------------------------------------------------------------------|------------:|:------|:--------------------------------|------------:|:--|:----|:----|-----------:|:--|
|                                                                                              |             |       | -Unaudited                      |             |   |     |     |            |   |
| Cash flows from operating activities                                                         |             |       |                                 |             |   |     |     |            |   |
| Income for the period                                                                        |             |       |                                 |   1,059,570 |   |     |     |  1,098,451 |   |
| Adjustments for:                                                                             |             |       |                                 |             |   |     |     |            |   |
| Depreciation and amortization                                                                | 11, 12 & 13 |       |                                 |     296,408 |   |     |     |    313,951 |   |
| Bargain purchase gain                                                                        |           6 |       |                                 |           - |   |     |     |     (2,211 | ) |
| Provision for the ongoing litigation related to the acquisition of participation in Usiminas |      6 & 18 |       |                                 |