Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 83

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 83
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.3
million and $4.8 million respectively. The above sensitivity analyses are based on a change in discount
rate and rate of compensation while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some
of the assumptions may be correlated.

| § | Funded |

The amounts recognized in the statement of financial position for the current annual period and the previous annual period are as follows:

|                                     |     | Year ended December 31, |     2024 |   |     |     |     2023 |   |
|:------------------------------------|:----|:------------------------|---------:|:--|:----|:----|---------:|:--|
| Present value of funded obligations |     |                         |   91,698 |   |     |     |  123,234 |   |
| Fair value of plan assets           |     |                         | (102,653 | ) |     |     | (134,052 | ) |
| Asset (*)                           |     |                         |  (10,955 | ) |     |     |  (10,818 | ) |

(*)In 2024 and 2023, $ 13.5million and $ 15.8million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively, consequently the net post-employment benefits funded exposed as liabilities amounted to $ 2.5million and $ 5.0million respectively.

The movement in the present value of funded obligations is as follows:

|                                            |     | Year ended December 31, |    2024 |   |     |     |    2023 |   |
|:-------------------------------------------|:----|:------------------------|--------:|:--|:----|:----|--------:|:--|
| At the beginning of the year               |     |                         | 123,234 |   |     |     | 116,617 |   |
| Translation differences                    |     |                         |  (5,627 | ) |     |     |   1,940 |   |
| Current service cost                       |     |                         |     176 |   |     |     |       - |   |
| Interest cost                              |     |                         |   5,424 |   |     |     |   5,715 |   |
| Remeasurements (*)                         |     |                         |    (182 | ) |     |