Company: TNRSF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001171843-25-002694
Chunk: 36

Company: TENARIS SA
Filing Date: 2025-05-01
Form: 6-K
Chunk 36
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,714 |   |     |                 |  68,759 |   |
|      | Receivables from other related parties                                        |     |              |     43,804 |   |     |                 |  47,713 |   |
|      | Payables to associated companies                                              |     |              |    (31,885 | ) |     |                 | (23,531 | ) |
|      | Payables to joint ventures                                                    |     |              |     (1,727 | ) |     |                 |     (52 | ) |
|      | Payables to other related parties                                             |     |              |     (7,060 | ) |     |                 | (12,165 | ) |
|      |                                                                               |     |              |     77,566 |   |     |                 |  83,857 |   |
|      | (b) Financial debt                                                            |     |              |            |   |     |                 |         |   |
|      | Lease liabilities from associated companies                                   |     |              |     (1,032 | ) |     |                 |  (1,026 | ) |
|      | Lease liabilities from other related parties                                  |     |              |       (235 | ) |     |                 |    (260 | ) |
|      |                                                                               |     |              |     (1,267 | ) |     |                 |  (1,286 | ) |

In addition to the tables above, the Company issued various guarantees
in favor of Techgen; for further details, see note 17 (c) and note 18
(ii). No other material guarantees were issued in favor of other related parties.

| 27 |

| 23 | Share Buyback Program |

First Share Buyback Program

On November 1, 2023, the Company’s board of directors approved a
share buyback program of up to $1.2 billion, to be executed within a year, with the intention to cancel the ordinary shares acquired through
the program.

The share buyback program was carried out under the authority granted by
the annual general meeting of shareholders held on June 2, 2020, up to a maximum of 10% of the Company’s shares.

For purposes of carrying out each tranche of the first share buyback program,
Tenaris entered into non-discretionary buyback agreements with primary financial institutions that made trading decisions concerning the
timing of the purchases of Tenaris’s