Tenaris S.A. Reports 2025 Third Quarter Results

TL;DR

Tenaris dropped Q3 earnings report, check it out.

AI Summary

Tenaris S.A. filed a Form 6-K on October 30, 2025, to report its 2025 Third Quarter Results. The filing includes a press release announcing these results, which are being furnished to the Securities and Exchange Commission. Giovanni Sardagna, Investor Relations Officer, signed the report on behalf of Tenaris, S.A.

Why It Matters

This filing provides investors with the latest financial performance data for Tenaris S.A., crucial for assessing the company's current operational health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing (6-K) and does not contain new material events or significant risk disclosures.

Key Players & Entities

• TENARIS SA (company) — Registrant
• Giovanni Sardagna (person) — Investor Relations Officer
• 2025 Third Quarter (date) — Reporting Period

FAQ

Key Financial Figures

• $34 million — in the third quarter of 2025 includes a $34 million gain recorded for the return of U.S. an
• $719 m — included EBITDA would have amounted to $719 million, or 24.1% of sales. For more info
• $133 million — e cash flow for the quarter declined to $133 million as working capital rose by $312 million
• $312 m — $133 million as working capital rose by $312 million, largely due to an increase in tr
• $3,483 million — Our net cash position also declined to $3,483 million as we spent a further $351 million in o
• $351 million — to $3,483 million as we spent a further $351 million in our share buyback program. Interim
• $0.29 — d the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approxima
• $0.58 — an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million
• $300 m — share ($0.58 per ADS), or approximately $300 million, according to the following timet
• $592 million — ucts and services amounted to a gain of $592 million in the third quarter of 2025 compared t
• $554 million — d quarter of 2025 compared to a gain of $554 million in the previous quarter and a gain of $
• $527 million — n in the previous quarter and a gain of $527 million in the third quarter of 2024. In the th
• $435 m — rative expenses , or SG&A , amounted to $435 million, or 14.6% of net sales, in the th
• $484 m — the third quarter of 2025, compared to $484 million, 15.7% in the previous quarter an
• $454 m — lion, 15.7% in the previous quarter and $454 million, 15.6% in the third quarter of 20

Filing Documents

• f6k_102925ern.htm (6-K) — 262KB
• hdr1.jpg (GRAPHIC) — 3KB
• hdr2.jpg (GRAPHIC) — 2KB
• hdr3.jpg (GRAPHIC) — 1KB
• 0001171843-25-006840.txt ( ) — 271KB

From the Filing

FORM 6 - K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 As of October 29, 2025 TENARIS, S.A. (Translation of Registrant's name into English) 26, Boulevard Royal, 4th floor L-2449 Luxembourg (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F. Form 20-F Ö Form 40-F ___ The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Press Release announcing 2025 Third Quarter Results. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 29, 2025 Tenaris, S.A. By: /s/ Giovanni Sardagna Giovanni Sardagna Investor Relations Officer Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com Tenaris Announces 2025 Third Quarter Results The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. Luxembourg, October 29, 2025. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter ended September 30, 2025 in comparison with its results for the quarter ended September 30, 2024. Summary of 2025 Third Quarter Results (Comparison with second quarter of 2025 and third quarter of 2024) 3Q 2025 2Q 2025 3Q 2024 Net sales ($ million) 2,978 3,086 (3%) 2,915 2% Operating income ($ million) 597 583 2% 537 11% Net income ($ million) 453 542 (16%) 459 (1%) Shareholders’ net income ($ million) 446 531 (16%) 448 (1%) Earnings per ADS ($) 0.85 0.99 (14%) 0.81 5% Earnings per share ($) 0.43 0.50 (14%) 0.40 5% EBITDA* ($ million) 753 733 3% 688 9% EBITDA margin (% of net sales) 25.3% 23.7% 23.6% *EBITDA in the third quarter of 2025 includes a $34 million gain recorded for the return of U.S. antidumping deposits paid on OCTG imports from Argentina for which the duty rate had been revised downwards. If this gain was not included EBITDA would have amounted to $719 million, or 24.1% of sales. For more information, see note 18 “Contingencies, commitments and restrictions to the distribution of profits – U.S. Antidumping Duty Investigations” included in the company’s Consolidated Condensed Interim Financial Statements as of September 30, 2025. In the third quarter, our sales of tubular products and services held up remarkably well as our Rig Direct® customers in US and Canada maintained a more stable level of activity than the rest of the market and we were able to complete some shipments ahead of schedule in the Middle East. Our sales in our Argentine fracking and coiled tubing services unit, however, were affected by a temporary lack of activity. Our margins also held up well although they still do not reflect the full impact of recent tariff increases. Free cash flow for the quarter declined to $133 million as working capital rose by $312 million, largely due to an increase in trade receivables. Our net cash position also declined to $3,483 million as we spent a further $351 million in our share buyback program. Interim Dividend Payment Our board of directors approved the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million, according to the following timetable: · Payment date: November 26, 2025 · Record date: November 25, 2025 · Ex-dividend for securities listed in the United States: November 25, 2025 · Ex-dividend for securities listed in Europe and Mexico: November 24, 2025 Market Background and Outlook Oil prices have softened as inventories and production from OPEC+ countries, deepwater and shale plays across the Americas increase, but remain volatile amidst a high level of geopolitical and economic uncertainty. Although there has been some reduction in oil drilling in recent months in the United States, Canada and Saudi Arabia, overall drilling activity remains resilient as operators focus on the longer-term outlook and reducing operational costs. In the United States, following the increase in tariffs on imp

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View this 6-K filing on SEC EDGAR