Company: TNRSF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001171843-25-006841
Chunk: 13

Company: TENARIS SA
Filing Date: 2025-10-30
Form: 6-K
Chunk 13
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 |     |      | 6,150,671 |   |

For the nine-month period ended September 30, 2024, related to the adjustments resulting from the purchase price allocation of Mattr’s pipe coating business unit acquisition.

For the nine-month period ended September 30, 2025, includes $3.5 million of government grants that have been recognized but not yet collected in Romania.

For the nine-month period ended September 30, 2025, includes the unwinding of certain land plots in Saudi Arabia. For more information see note 19.

For the nine-month period ended September 30, 2025, related to the deconsolidation of Amaja Tubular Services Limited.

The Company’s Brazilian subsidiary Confab Industrial S.A. (“Confab”) holds certain real estate assets, with a carrying value of $30.7 million, that are subject to a judicial mortgage aimed at securing the indemnification potentially payable to Companhia Siderúrgica Nacional (“CSN") under a lawsuit brough by CSN against Confab and other related companies. The litigation is currently pending, and no amount is currently owed by Confab. See note18 “Contingencies, commitments and restrictions to the distribution of profits - Contingencies - CSN claims relating to the January 2012 acquisition of Usiminas”.

In addition, as of September 30, 2025, the carrying amount of assets pledged as security for current and non-current borrowings amounted to $49.7 million. These assets are held in Saudi Arabia by the Company’s subsidiary Global Pipe Company, in which Saudi Steel Pipe Company (“SSPC”) holds a 57.3% interest.

| 13 |

| 12 | Intangible assets, net |

| Nine-month period ended September 30,    |     | 2025        
 (Unaudited) |           |   |     | 2024 |           |   |
|:-----------------------------------------|:----|:------------|----------:|:--|:----|:-----|----------:|:--|
| Opening net book amount                  |     |             | 1,357,749 |   |     |      | 1,377,110 |   |
| Currency translation adjustment          |     |             |     1,016 |   |     |      |       169 |   |
| Changes due to business combinations (*) |     |             |         - |   |     |      |   (28