Company: TNRSF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001171843-25-002694
Chunk: 11

Company: TENARIS SA
Filing Date: 2025-05-01
Form: 6-K
Chunk 11
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4,031 | ) |
| Other                                                    |     |                                    | (15,959 | ) |     |     | (68,067 | ) |
| Other financial results, net                             |     |                                    | (31,441 | ) |     |     | (60,468 | ) |
| Net financial results                                    |     |                                    |  35,258 |   |     |     | (24,762 | ) |

Finance Income: For the three-month period ended March 31, 2025,
includes $6.3 million of interest related to instruments carried at FVTPL and includes $24.8 million of interest related to instruments
carried at FVTOCI.

For the three-month period ended March 31, 2024, includes $13.2 million
of interest related to instruments carried at FVTPL and includes $16.5 million of interest related to instruments carried at FVTOCI.

Other:For the three-month period ended March 31, 2025, includes
a loss of approximately $15.8 million related to fees paid in connection with a collection of $242.4 million involving Pemex and the Company’s
Mexican subsidiary Tubos de Acero de Mexico (“Tamsa”).

For the three-month period ended March 31, 2024, mainly relates to the
cumulative result of the U.S. dollar denominated Argentine bonds previously recognized in Other Comprehensive Income. For more information
see note 20.

| 8 | Equity in earnings of non-consolidated companies |

|                                 |     | Three-month period ended March 31, |   2025 |     |     |   2024 |
|:--------------------------------|:----|:-----------------------------------|-------:|:----|:----|-------:|
|                                 |     | -Unaudited                         |        |     |     |        |
| From non-consolidated companies |     |                                    | 14,035 |     |     | 48,179 |
|                                 |     |                                    | 14,035 |     |     | 48,179 |

| 9 | Income tax |

|              |     | Three-month period ended March 31, |     2025 |   |     |     |     2024 |   |
|:-------------|:----|:-----------------------------------|---------:|:--|:----|:----|---------:|:--|
|              |