Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004943
Chunk: 14

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 14
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 -Unaudited                      |         |   |     |     |         |   |
| Interest income                                          |     |                                 | 129,757 |   |     |     | 123,181 |   |
| Net result on changes in FV of financial assets at FVTPL |     |                                 |  12,356 |   |     |     |   1,992 |   |
| Finance income                                           |     |                                 | 142,113 |   |     |     | 125,173 |   |
| Finance cost                                             |     |                                 | (21,457 | ) |     |     | (36,305 | ) |
| Net foreign exchange transactions results                |     |                                 | (30,984 | ) |     |     |  22,709 |   |
| Net foreign exchange derivatives contracts results       |     |                                 |  (6,671 | ) |     |     |  (4,131 | ) |
| Other                                                    |     |                                 | (16,080 | ) |     |     | (75,025 | ) |
| Other financial results, net                             |     |                                 | (53,735 | ) |     |     | (56,447 | ) |
| Net financial results                                    |     |                                 |  66,921 |   |     |     |  32,421 |   |

Finance income: For the six-month period ended June 30, 2025, includes
$16.0 million of interest related to instruments carried at FVTPL and includes $47.4 million of interest related to instruments carried
at FVTOCI.

For the six-month period ended June 30, 2024, includes $26.5 million of
interest related to instruments carried at FVTPL and includes $37.8 million of interest related to instruments carried at FVTOCI.

Net foreign exchange transaction results:For the six-month period ended June 30, 2025, mainly related to the Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities partially offset by currency translation adjustment reserve.

For the six-month period ended June 30, 2024, mainly related to the Argentine Peso depreciation against the U.S. dollar on Argentine Peso denominated liabilities.

Other:For the six-month period ended June 30, 2025, includes a
loss of approximately $15.8 million related to fees paid in connection with a collection