Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 80

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 80
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2024 |     |     |    2023 |
|:-------------------------|:----|:------------------------|--------:|:----|:----|--------:|
| Deferred tax assets      |     |                         | 831,298 |     |     | 789,615 |
| Deferred tax liabilities |     |                         | 503,941 |     |     | 631,605 |
|                          |     |                         | 327,357 |     |     | 158,010 |

| - 55 - |

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

The movement in the net deferred income tax asset / (liability) account
is as follows:

|                                          |     | Year ended December 31, |    2024 |   |     |     |    2023 |   |
|:-----------------------------------------|:----|:------------------------|--------:|:--|:----|:----|--------:|:--|
| At the beginning of the year             |     |                         | 158,010 |   |     |     | (60,199 | ) |
| Translation differences                  |     |                         |    (764 | ) |     |     |      89 |   |
| Changes due to business combinations (*) |     |                         |  (1,761 | ) |     |     |  22,177 |   |
| Charged to other comprehensive income    |     |                         |    (217 | ) |     |     |   2,204 |   |
| Income statement credit                  |     |                         | 172,089 |   |     |     | 193,739 |   |
| At the end of the year                   |     |                         | 327,357 |   |     |     | 158,010 |   |

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

For the year 2023, related to the GPC, Isoplus anticorrosion coating division and Mattr’s pipe coating business unit acquisitions.

| 23 | Other liabilities |

| (i) | Other liabilities – Non-current |

|                          |     | Year ended December 31, |    2024 |     |     |    2023 |
|:----------------