Business
Tenaris S A : Quarterly financial report - Consolidated Condensed Interim Financial Statements for the three-month period ended March 31, 2026 - EN
Tenaris S A : Quarterly financial report - Consolidated Condensed Interim Financial Statements for the three-month period ended March 31, 2026 -
About this update from Tenaris S.a.
- CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS For the three-month period ended March 31, 2026 TENARIS S.A. 26, Boulevard Royal - 4th Floor L-2449 - Luxembourg R.C.S. Luxembourg: B 85203 Three-month period ended March 31, 2026 2025 Notes (Unaudited) Net sales 3 3,100,458 2,922,212 Cost of sales 4 (2,050,323) (1,920,855) Gross profit 1,050,135 1,001,357 Selling, general and administrative expenses 5 (466,591) (457,065) Other operating income 6 6,429 11,788 Other operating expenses 6 (6,109) (6,167) Operating income 583,864 549,913 Finance income 7 64,769 78,444 Finance cost 7 (11,664) (11,745) Other financial results, net 7 (2,706) (31,441) Income before equity in earnings of non-consolidated companies and income tax 634,263 585,171 Equity in earnings of non-consolidated companies 8 33,376 14,035 Income before income tax 667,639 599,206 Income tax 9 (103,481) (81,342) Income for the period 564,158 517,864 Attributable to: Shareholders' equity 540,701 506,931 Non-controlling interests 23,457 10,933 564,158 517,864 Earnings per share attributable to shareholders' equity during the period: Weighted average number of outstanding ordinary shares (thousands) (*) 1,010,193 1,076,982 Basic and diluted earnings per share (U.S. dollars per share) 0.54 0.47 Basic and diluted earnings per ADS (U.S. dollars per ADS) (**) 1.07 0.94 (*) Number of outstanding shares as of March 31, 2026, and 2025, was 1,009,639,756 and 1,071,994,930, respectively. (**) Each ADS equals two shares. CONSOLIDATED CONDENSED INTERIM STATEMENTS OF OTHER COMPREHENSIVE INCOME Three-month period ended March 31, 2026 2025 (Unaudited) Income for the period 564,158 517,864 Items that may be subsequently reclassified to profit or loss: Currency translation adjustment (25,571) 44,749 Change in value of cash flow hedges and instruments at fair value (21,827) (20,595) Income tax relating to components of other comprehensive income 27,143 16,023 From participation in non-consolidated companies: - Currency translation adjustment 1,140 13,582 - Changes in the value of cash flow hedges and instruments at fair value, net of income tax 4,017 2,984 (15,098) 56,743 Items that will not be reclassified to profit or loss: Remeasurements of post-employment benefit obligations - (13) Income tax on remeasurements of post-employment benefit obligations (133) - Remeasurements of post-employment benefit obligations...