Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 59

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 59
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 Net foreign exchange transactions results               |     |                         |   61,395 |   |     |     |  218,383 |   |     |     |  15,654 |   |
| Net foreign exchange derivatives contracts results      |     |                         |  (12,727 | ) |     |     |   (8,974 | ) |     |     | (25,666 | ) |
| Other                                                   |     |                         | (100,719 | ) |     |     |  (95,044 | ) |     |     | (30,108 | ) |
| Other financial results, net                            |     |                         |  (52,051 | ) |     |     |  114,365 |   |     |     | (40,120 | ) |
| Net financial results                                   |     |                         |  129,056 |   |     |     |  220,977 |   |     |     |  (6,040 | ) |

Finance Income:In 2024, 2023 and 2022 includes $40.7 million, $61.2
million and $33.0 million of interest related to instruments carried at FVPL, respectively.

In 2024, 2023 and 2022 includes $88.2 million, $30.9 million and $5.1 million
of interest related to instruments carried at FVOCI, respectively.

In 2022 also includes a realized loss of $10.5 million related to the change
in FV of certain financial instruments obtained in an operation of settlement of trade receivables.

Net foreign exchange transactions results:In 2024 mainly includes
result from the Argentine peso depreciation against the U.S. dollar on Argentine peso denominated net financial position at subsidiaries
with functional currency U.S. dollar, the Brazilian real depreciation against the U.S. dollar on Brazilian denominated net financial position
at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro
denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, offset by changes in currency translation adjustment
reserve from an Italian subsidiary.

In 2023 mainly includes result from the Argentine peso depreciation against
the U.S. dollar on Argentine peso denominated net financial position at subsidiaries with functional currency U.S. dollar, the Brazilian
real appreciation against the U.S. dollar on Brazilian denominated net financial position