Company: TNRSF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001171843-25-006840
Chunk: 10

Company: TENARIS SA
Filing Date: 2025-10-30
Form: 6-K
Chunk 10
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. EBITDA is widely used by investors when evaluating businesses (multiples valuation), as well as by rating agencies and creditors to evaluate the level of debt, comparing EBITDA with net debt.

EBITDA is calculated in the following manner:

EBITDA = Net income for the period + Income tax charges +/- Equity in Earnings (losses) of non-consolidated companies +/- Financial results + Depreciation and amortization +/- Impairment charges/(reversals).

EBITDA is a non-IFRS alternative performance measure.

|                                                           | (all amounts in thousands of U.S. dollars) | 2025 | Three-month period ended 
            September 30, |   |     | 2024 |         |   |     | 2025 | Nine-month period ended 
           September 30, |   |     | 2024 |           |   |
|:----------------------------------------------------------|:-------------------------------------------|:-----|-------------------------:|:--|:----|:-----|--------:|:--|:----|:-----|------------------------:|:--|:----|:-----|----------:|:--|
| Income for the period                                     |                                            |      |                  452,646 |   |     |      | 459,191 |   |     |      |               1,512,216 |   |     |      | 1,557,642 |   |
| Income tax charge                                         |                                            |      |                  171,698 |   |     |      | 133,968 |   |     |      |                 358,382 |   |     |      |   356,971 |   |
| Equity in (losses) earnings of non-consolidated companies |                                            |      |                    8,955 |   |     |      |  (7,605 | ) |     |      |                 (37,731 | ) |     |      |    26,735 |   |
| Financial Results                                         |                                            |      |                  (36,668 | ) |     |      | (48,455 | ) |     |      |                (103,589 | ) |     |      |   (80,876 | ) |
| Depreciation and amortization                             |                                            |      |                  156,841 |   |     |      | 151,122 |   |     |      |                 453,249 |   |     |      |