Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 5

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 5
---
,171 | ) |     |              | (603,978 | ) |     |              | 16,742,536 |   |     |       | 16,842,972 |   |     |             | 187,465 |   |     |       | 17,030,437 |   |

(1)The Company had an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2023 there were 1,180,536,830 shares issued. All issued shares were fully paid.

(2)As of December 31, 2023, the Company held 12,648,091shares as treasury shares, and there were 1,167,888,739outstanding shares.

(3)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 the changes in financial instruments measured at fair value through other comprehensive income and the changes in the share buyback program liability.

(4)The restrictions on the distribution of profits and payment of dividends according to Luxembourg Law are disclosed in note 27(iii) to these Consolidated Financial Statements.

(5)Mainly related to Global Pipe Company (“GPC”) acquisition.

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

| - 5 - |

| Consolidated Financial Statements                                                                           |
| For the years ended 2024, 2023 and 2022 - all amounts in thousands of U.S. dollars, unless otherwise stated |

|                                                                                  |     | Shareholders' 
 equity        |           |     |          |         |     |         |         |     |             |            |   |     |              |          |   |     |              |            |   |     |       |            |   |     |             |         |   |     |       |            |   |
|                                                                                  |     | Share         
 Capital (1)   |           |     | Legal    
 Reserves |         |     | Share   
 Premium |         |     | Currency    
 Translation 
 Adjustment  |            |   |     | Other        
 Reserves (2) |          |   |     | Retained     
 Earnings (3) |            |   |     | Total |            |   |     | Non-        
 controlling