Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 66

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 66
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2023 and 2022 - all amounts in thousands of U.S. dollars, unless otherwise stated |

See note 28 for a description of certain
restricted assets with a carrying value of $56.2 million held in Saudi Arabia by the Company’s subsidiary SSPC, in which Tenaris
holds a 47.79% interest.

For the year 2024 and 2023, the carrying amount of assets pledged as security
for current and non-current borrowings amounted to $147.9 million and $89.6
million, respectively, held in Saudi Arabia by the Company´s subsidiary GPC, in which SSPC holds a 57.3% interest.

#### 12Intangible assets, net
| Year ended December 31, 2024              |     | Information 
 system      
 projects    |         |   |     | Licenses,      
 patents and    
 trademarks (*) |         |   |     | Goodwill |           |   |     | Customer      
 relationships |           |   |     | Total |           |   |
|:------------------------------------------|:----|:------------|--------:|:--|:----|:---------------|--------:|:--|:----|:---------|----------:|:--|:----|:--------------|----------:|:--|:----|:------|----------:|:--|
| Cost                                      |     |             |         |   |     |                |         |   |     |          |           |   |     |               |           |   |     |       |           |   |
| Values at the beginning of the year       |     |             | 648,887 |   |     |                | 560,549 |   |     |          | 2,488,381 |   |     |               | 1,790,680 |   |     |       | 5,488,497 |   |
| Currency translation adjustment           |     |             |  (4,049 | ) |     |                |     (10 | ) |     |          |       (67 | ) |     |               |       (13 | ) |     |       |    (4,139 | ) |
| Changes due to business combinations (**) |     |             |       - |   |     |                |       - |   |     |          |   (13,621 | ) |     |               |   (14,590 | ) |     |       |   (