$TS
TENARIS SA
CIK:0001190723|SEC Filings
CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||||
| CONSOLIDATED INCOME STATEMENTS | |||||||
| Net sales | $ 11,981,157 | $ 12,523,934 | $ 14,868,860 | ||||
| Cost of sales | (7,860,744) | (8,135,489) | (8,668,915) | ||||
| Gross profit | 4,120,413 | 4,388,445 | 6,199,945 | ||||
| Selling, general and administrative expenses | (1,828,496) | (1,904,828) | (1,919,307) | ||||
| Other operating income | 23,789 | 60,650 | 53,043 | ||||
| Other operating expenses | (32,490) | (125,418) | (17,273) | ||||
| Operating income | 2,283,216 | 2,418,849 | 4,316,408 | ||||
| Finance income | 252,238 | 242,319 | 213,474 | ||||
| Finance cost | (46,933) | (61,212) | (106,862) | ||||
| Other financial results, net | (72,664) | (52,051) | 114,365 | ||||
| Income before equity in earnings of non-consolidated companies and income tax | 2,415,857 | 2,547,905 | 4,537,385 | ||||
| Equity in earnings of non-consolidated companies | 58,038 | 8,548 | 95,404 | ||||
| Income before income tax | 2,473,895 | 2,556,453 | 4,632,789 | ||||
| Income tax | (500,616) | (479,680) | (674,956) | ||||
| Income for the year | 1,973,279 | 2,076,773 | 3,957,833 | ||||
| Attributable to: | |||||||
| Shareholders' equity | 1,932,813 | 2,036,445 | 3,918,065 | ||||
| Non-controlling interests | 40,466 | 40,328 | 39,768 | ||||
| Income for the year | $ 1,973,279 | $ 2,076,773 | $ 3,957,833 | ||||
| Earnings per share attributable to shareholders' equity during the year: | |||||||
| Weighted average number of outstanding ordinary shares (thousands) (in shares) | [1] | 1,055,929 | 1,127,491 | 1,178,876 | |||
| Basic earnings per share (U.S. dollars per share) | $ 1.83 | $ 1.81 | $ 3.32 | ||||
| Diluted earnings per share (U.S. dollars per share) | 1.83 | 1.81 | 3.32 | ||||
| American Depositary Shares (“ADSs”) | |||||||
| Earnings per share attributable to shareholders' equity during the year: | |||||||
| Basic earnings per share (U.S. dollars per share) | [2] | 3.66 | 3.61 | 6.65 | |||
| Diluted earnings per share (U.S. dollars per share) | [2] | $ 3.66 | $ 3.61 | $ 6.65 | |||
| |||||||
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment, net | $ 6,205,082 | $ 6,121,471 |
| Intangible assets, net | 1,357,116 | 1,357,749 |
| Right-of-use assets, net | 144,557 | 148,868 |
| Investments in non-consolidated companies | 1,561,212 | 1,543,657 |
| Other investments | 758,085 | 1,005,300 |
| Deferred tax assets | 834,168 | 831,298 |
| Receivables, net | 139,211 | 205,602 |
| Non-current assets | 10,999,431 | 11,213,945 |
| Current assets | ||
| Inventories, net | 3,602,058 | 3,709,942 |
| Receivables and prepayments, net | 268,798 | 179,614 |
| Current tax assets | 364,640 | 332,621 |
| Contract assets | 35,264 | 50,757 |
| Trade receivables, net | 1,920,840 | 1,907,507 |
| Derivative financial instruments | 1,875 | 7,484 |
| Other investments | 2,306,760 | 2,372,999 |
| Cash and cash equivalents | 572,647 | 675,256 |
| Current assets | 9,072,882 | 9,236,180 |
| Total assets | 20,072,313 | 20,450,125 |
| EQUITY | ||
| Shareholders' equity | 16,599,191 | 16,593,257 |
| Non-controlling interests | 229,877 | 220,578 |
| Total equity | 16,829,068 | 16,813,835 |
| Non-current liabilities | ||
| Borrowings | 368 | 11,399 |
| Lease liabilities | 94,903 | 100,436 |
| Derivative financial instruments | 207 | |
| Deferred tax liabilities | 442,248 | 503,941 |
| Other liabilities | 310,707 | 301,751 |
| Provisions | 48,418 | 82,106 |
| Non-current liabilities | 896,851 | 999,633 |
| Current liabilities | ||
| Borrowings | 305,354 | 425,999 |
| Lease liabilities | 48,346 | 44,490 |
| Derivative financial instruments | 14,123 | 8,300 |
| Current tax liabilities | 386,586 | 366,292 |
| Other liabilities | 377,088 | 585,775 |
| Provisions | 173,152 | 119,344 |
| Customer advances | 168,832 | 206,196 |
| Trade payables | 872,913 | 880,261 |
| Current liabilities | 2,346,394 | 2,636,657 |
| Total liabilities | 3,243,245 | 3,636,290 |
| Total equity and liabilities | $ 20,072,313 | $ 20,450,125 |