Company: TNRSF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001171843-25-000973
Chunk: 13

Company: TENARIS SA
Filing Date: 2025-02-20
Form: 6-K
Chunk 13
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| Income for the period                            |                                            |      |                               519,131 |   |     |      | 1,145,781 |   |     |      |                              2,076,773 |   |     |      | 3,957,833 |   |
| Income tax charge / (credit)                     |                                            |      |                               122,709 |   |     |      |  (176,848 | ) |     |      |                                479,680 |   |     |      |   674,956 |   |
| Equity in earnings of non-consolidated companies |                                            |      |                               (35,283 | ) |     |      |   (56,859 | ) |     |      |                                 (8,548 | ) |     |      |   (95,404 | ) |
| Financial results                                |                                            |      |                               (48,180 | ) |     |      |   (93,111 | ) |     |      |                               (129,056 | ) |     |      |  (220,977 | ) |
| Depreciation and amortization                    |                                            |      |                               167,781 |   |     |      |   156,347 |   |     |      |                                632,854 |   |     |      |   548,510 |   |
| EBITDA                                           |                                            |      |                               726,158 |   |     |      |   975,310 |   |     |      |                              3,051,703 |   |     |      | 4,864,918 |   |

Free Cash Flow

Free cash flow is a measure of financial performance, calculated as operating cash flow less
capital expenditures. FCF represents the cash that a company is able to generate after spending the money required to maintain or expand
its asset base.

Free cash flow is calculated in the following manner:

Free cash flow = Net cash (used in) provided by operating activities - Capital expenditures.

Free cash flow is a non-IFRS alternative performance measure.

|                                           | (all amounts in thousands of U.S. dollars) | 2024 | Three-month period ended December 31, |   |     | 2023 |          |   |     | 2024 | Twelve-month period ended December 31, |   |     | 2023 |           |   |
|:------------------------------------------|:-------------------------------------------