Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 58

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 58
---
.

Reclassification of currency translation adjustment reserve: During
2022, as result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders
was reclassified to the income statement.

Other income: For the year 2024, includes mainly $17.6 million related
to the recovery of various legal proceedings in Brazil and $7 million related to an insurance recovery.

Other operating expenses

Provision for the ongoing litigation related to the acquisition of participation in Usiminas: For the year 2024, related to the provision described in note 27 “Contingencies,
commitments and restrictions to the distribution of profits - Contingencies - CSN claims relating to the January 2012 acquisition of Usiminas”, and does not include the net foreign exchange result.

Securities Exchange Commission investigation settlement: For more
information see note 27 “Contingencies, commitments and restrictions to the distribution of profits
- Contingencies - Petrobras-related proceedings and claims”.

| - 40 - |

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

### 7Financial results
|                                                         |     | Year ended December 31, |     2024 |   |     |     |     2023 |   |     |     |    2022 |   |
|:--------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:----|---------:|:--|:----|:----|--------:|:--|
| Interest income                                         |     |                         |  229,835 |   |     |     |  201,852 |   |     |     |  86,112 |   |
| Net result on changes in FV of financial assets at FVPL |     |                         |   12,484 |   |     |     |   11,622 |   |     |     |  (6,092 | ) |
| Finance income                                          |     |                         |  242,319 |   |     |     |  213,474 |   |     |     |  80,020 |   |
| Finance cost                                            |     |                         |  (61,212 | ) |     |     | (106,862 | ) |     |     | (45,940 | ) |
|