Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 8

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 8
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 de la Buena Ventura S.A. acquisition.

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

| - 7 - |

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

|                                                  |     |    | Notes | Year ended December 31, |            2024 |   |     |     |      2023 |   |     |     |      2022 |   |
|:-------------------------------------------------|:----|---:|:------|:------------------------|----------------:|:--|:----|:----|----------:|:--|:----|:----|----------:|:--|
| Movement in cash and cash equivalents            |     |    |       |                         |                 |   |     |     |           |   |     |     |           |   |
| At the beginning of the year                     |     |    |       |                         |       1,616,597 |   |     |     | 1,091,433 |   |     |     |   318,067 |   |
| Effect of exchange rate changes                  |     |    |       |                         |         (25,431 | ) |     |     |   (58,385 | ) |     |     |   (51,952 | ) |
| (Decrease) increase in cash and cash equivalents |     |    |       |                         |        (930,368 | ) |     |     |   583,549 |   |     |     |   825,318 |   |
| At December 31,                                  |     |    |       |                         |         660,798 |   |     |     | 1,616,597 |   |     |     | 1,091,433 |   |
|                                                  |     |    |       |                         | At December 31, |   |     |     |           |   |     |     |           |   |
| Cash and cash equivalents                        |     |    |       |                         |            2024 |   |     |     |      2023 |   |     |     |      2022 |   |
| Cash and bank deposits                           |     | 20 |       |                         |         675,256 |   |     |     | 1,637,