Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 49

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 49
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|
| Opening net book amount                  |     |             | 6,121,471 |   |     |      | 6,078,179 |   |
| Currency translation adjustment          |     |             |    70,647 |   |     |      |   (17,787 | ) |
| Changes due to business combinations (*) |     |             |         - |   |     |      |   (10,463 | ) |
| Additions                                |     |             |   279,044 |   |     |      |   305,312 |   |
| Disposals / Consumptions (**)            |     |             |   (63,486 | ) |     |      |    (8,926 | ) |
| Transfers / Reclassifications            |     |             |     1,053 |   |     |      |    (4,129 | ) |
| Decrease due to deconsolidation (***)    |     |             |      (374 | ) |     |      |         - |   |
| Depreciation charge                      |     |             |  (240,101 | ) |     |      |  (249,832 | ) |
| At June 30,                              |     |             | 6,168,254 |   |     |      | 6,092,354 |   |

(*)For the six-month period ended June 30, 2024, related to the adjustments resulting from the purchase price allocation of Mattr’s pipe coating business unit acquisition.

(**)For the six-month period ended June 30, 2025, includes the unwinding of certain land plots in Saudi Arabia. For more information see note 19.

(***)For the six-month period ended June 30, 2025, related to the deconsolidation of Amaja Tubular Services Limited.

The Company’s Brazilian subsidiary Confab Industrial S.A. (“Confab”) holds certain real estate assets, with a carrying value of $31.0 million, that are subject to a judicial mortgage aimed at securing the indemnification potentially payable to Companhia Siderúrgica Nacional (“CSN") under a lawsuit brough by CSN against Confab and other related companies. The litigation is currently pending, and no amount is currently owed by Confab. See note18.

In addition, as of June 30, 2025, the carrying amount of assets pledged
as security for current and