Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 65

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 65
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10,667 | ) |     |          |        - |   |     |             |      - |   |     |       |    (78,146 | ) |
| Accumulated at the end of the year         |     |           | 164,894 |   |     |                  |  8,696,044 |   |     |           | 351,309 |   |     |          |        - |   |     |             | 22,654 |   |     |       |  9,234,901 |   |
| At December 31, 2023                       |     |           | 725,063 |   |     |                  |  4,842,229 |   |     |           |  65,604 |   |     |          |  396,103 |   |     |             | 49,180 |   |     |       |  6,078,179 |   |

(*)For the year 2024, related to Mattr’s pipe coating business unit acquisition. For more information see note 34.

(**)For the year 2023, related to the GPC, Isoplus anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions.

Property, plant and equipment include capitalized interests for net amounts
at December 31, 2024 and 2023 of $27.2 million and $28.8 million,
respectively. There were no new interests capitalized during 2024 and 2023.

Government grants recognized as a reduction of property, plant and equipment
were not material for the years 2024 and 2023.

The Company’s Brazilian subsidiary Confab Industrial S.A. (“Confab”) holds certain real estate assets, with a carrying value of $32.1 million, that are subject to a judicial mortgage aimed at securing the indemnification potentially payable to Companhia Siderúrgica Nacional (“CSN") under a lawsuit brough by CSN against Confab and other related companies. The litigation is currently pending, and no amount is currently owed by Confab. See note27 (i)“Contingencies, commitments and restrictions to the distribution of profits - Contingencies - CSN claims relating to the January 2012 acquisition of Usiminas”.

| - 44 - |

| Consolidated Financial Statements                                                                           |
| For the years ended 2024,