Company: TNRSF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001171843-25-000973
Chunk: 4

Company: TENARIS SA
Filing Date: 2025-02-20
Form: 6-K
Chunk 4
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 dynamic with a high level of uncertainty for
costs and prices to our results.

Annual Dividend Proposal

Upon approval of the Company´s annual accounts in April 2025, the
board of directors intends to propose, for approval of the annual general shareholders’ meeting to be held on May 6, 2025, the payment
of a dividend per share of $0.83 (in an aggregate amount of approximately $0.9 billion), which would include the interim dividend per
share of $0.27 (approximately $0.3 billion) paid in November 2024. If the annual dividend is approved by the shareholders, a dividend
of $0.56 per share ($1.12 per ADS), or approximately $0.6 billion, will be paid according to the following timetable:

Analysis of 2024 Fourth Quarter Results

Tubes

The following table indicates, for our Tubes business segment, sales volumes of seamless and
welded pipes for the periods indicated below:

| Tubes Sales volume (thousand metric tons) |     | 4Q 2024 |     |     | 3Q 2024 |     |     |     |    |     | 4Q 2023 |       |     |     |    |
| Seamless                                  |     |         | 748 |     |         | 746 |     |   0 | %  |     |         |   760 |     | (2  | %) |
| Welded                                    |     |         | 164 |     |         | 191 |     | (14 | %) |     |         |   246 |     | (33 | %) |
| Total                                     |     |         | 913 |     |         | 937 |     |  (3 | %) |     |         | 1,006 |     | (9  | %) |

The following table indicates, for our Tubes business segment, net sales by geographic region,
operating income and operating income as a percentage of net sales for the periods indicated below:

| Tubes                                               |     | 4Q 2024 |       |   |     | 3Q 2024 |       |   |     |     |    |     | 4Q 2023 |       |   |     |     |    |
| (Net sales - $ million)                             |     |         |       |   |     |         |       |   |     |     |