Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004943
Chunk: 16

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 16
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 January 1, 2024. The group applies the exception not to recognize and disclose information about deferred tax assets and liabilities
related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023. In the six-month period ended June 30,
2025 and 2024, Tenaris recognized an estimated current tax expense related to Pillar Two, amounting to $11.3
million and $34.7 million, respectively.

| 12 |

| 10 | Dividend distribution |

On May 6, 2025, the Company’s shareholders
approved an annual dividend in the amount of $0.83 per outstanding share ($1.66
per ADS). The amount approved by the shareholders included the interim dividend previously paid on November 20, 2024, in the amount of $0.27 per outstanding share ($0.54
per ADS). The balance, amounting to $0.56 per outstanding share ($1.12
per ADS), was paid on May 21, 2025, for an amount of approximately $0.6 billion. In the aggregate, the
interim dividend paid in November 2024 and the balance paid in May 2025 amounted to approximately $0.9 billion.

On April 30, 2024, the Company’s
shareholders approved an annual dividend in the amount of $0.60 per outstanding share ($1.20
per ADS). The amount approved by the shareholders included the interim dividend previously paid on November 22, 2023, in the amount of $0.20 per outstanding share ($0.40
per ADS). The balance, amounting to $0.40 per outstanding share ($0.80
per ADS), was paid on May 22, 2024, for an amount of approximately $0.5 billion. In the aggregate, the
interim dividend paid in November 2023 and the balance paid in May 2024 amounted to approximately $0.7 billion.

| 11 | Property, plant and equipment, net |

| Six-month period ended June 30,          |     | 2025        
 (Unaudited) |           |   |     | 2024 |           |   |
|:-----------------------------------------|:----|:------------|----------:|:--|:----|:-----|----------:|:--|
| Opening net book amount                  |     |             | 6,121