Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 3

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 3
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 880,261 |     |  2,636,657 |     |                      | 1,107,567 |     |  2,901,975 |
| Total liabilities                         |     |         |     |                      |           |     |  3,636,290 |     |                      |           |     |  4,051,458 |
| Total equity and liabilities              |     |         |     |                      |           |     | 20,450,125 |     |                      |           |     | 21,081,895 |

Contingencies, commitments and restrictions on the distribution of profits
are disclosed in note 27 to these Consolidated Financial Statements.

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

| - 3 - |

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

Consolidated statementS of changes in equity

|                                                                                  |     | Shareholders' 
 equity        |           |   |     |            |            |   |     |          |         |   |     |         |         |     |             |            |   |     |              |          |   |     |              |            |   |     |       |            |   |     |             |         |   |     |       |            |   |
|                                                                                  |     | Share         
 Capital (1)   |           |   |     | Treasury   
 Shares (2) |            |   |     | Legal    
 Reserves |         |   |     | Share   
 Premium |         |     | Currency    
 Translation 
 Adjustment  |            |   |     | Other        
 Reserves (5) |          |   |     | Retained     
 Earnings (6) |            |   |     | Total |            |   |     | Non-        
 controlling 
 interests   |         |   |     | Total |            |   |
| Balance at December                                                              
 31, 2023                                                                         |     |               | 1,180,537 |   |     |            |   (213,739 | ) |     |          | 118,054 |   |     |         | 609,733 |     |             | (990,171   | ) |     |              | (603,978 | ) |     |              | 16,742,536