Tenaris Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	572.65	675.26	1,638	1,092	318.13
Short-Term Investments	2,307	2,373	1,970	438.45	397.85
Cash & Short-Term Investments	2,879	3,048	3,607	1,530	715.98
Cash Growth	-5.54%	-15.50%	135.78%	113.69%	-50.87%
Accounts Receivable	1,956	1,958	2,528	2,494	1,299
Other Receivables	453.43	351.25	267.09	285.55	206.09
Receivables	2,410	2,310	2,795	2,779	1,505
Inventory	3,602	3,710	3,921	3,987	2,673
Prepaid Expenses	127.66	113.33	107.91	47.42	60.01
Other Current Assets	54.22	55.14	72.57	124.79	27.43
Total Current Assets	9,073	9,236	10,504	8,469	4,981
Property, Plant & Equipment	6,350	6,270	6,210	5,668	5,934
Long-Term Investments	2,319	2,549	2,014	1,661	1,704
Goodwill	1,091	1,090	1,104	1,085	1,085
Other Intangible Assets	265.63	267.73	273.4	247.46	287.53
Long-Term Deferred Tax Assets	834.17	831.3	789.62	208.87	245.55
Other Long-Term Assets	139.21	205.6	185.96	211.72	212.97
Total Assets	20,072	20,450	21,082	17,550	14,449
Accounts Payable	872.91	880.26	1,108	1,179	845.26
Accrued Expenses	-	358.6	444.93	320.4	174.79
Short-Term Debt	-	14.46	21.22	0.09	0.06
Current Portion of Long-Term Debt	305.35	411.54	513.91	682.24	219.59
Current Portion of Leases	48.35	44.49	37.84	28.56	34.59
Current Income Taxes Payable	386.59	277.71	344.57	280.47	143.49
Current Unearned Revenue	-	206.2	263.66	242.91	92.44
Other Current Liabilities	733.2	443.4	168.29	54.3	49.43
Total Current Liabilities	2,346	2,637	2,902	2,788	1,560
Long-Term Debt	0.37	11.4	48.3	46.43	111.43
Long-Term Leases	94.9	100.44	96.6	83.62	82.69
Pension & Post-Retirement Benefits	-	131.56	117.51	108.94	111.9
Long-Term Deferred Tax Liabilities	442.25	503.94	631.61	269.07	274.72
Other Long-Term Liabilities	359.33	252.29	255.47	219.33	203.33
Total Liabilities	3,243	3,636	4,051	3,516	2,344
Common Stock	1,072	1,163	1,181	1,181	1,181
Additional Paid-In Capital	-	609.73	609.73	609.73	609.73
Retained Earnings	17,989	17,858	16,861	13,580	11,558
Treasury Stock	-1,125	-1,356	-213.74	-	-
Comprehensive Income & Other	-1,337	-1,682	-1,594	-1,464	-1,387
Total Common Equity	16,599	16,593	16,843	13,906	11,961
Minority Interest	229.88	220.58	187.47	128.73	145.12
Shareholders' Equity	16,829	16,814	17,030	14,034	12,106
Total Liabilities & Equity	20,072	20,450	21,082	17,550	14,449
Total Debt	448.97	582.32	717.87	840.94	448.37
Net Cash (Debt)	2,430	2,466	2,890	689.04	267.61
Net Cash Growth	-1.44%	-14.66%	319.37%	157.48%	-53.75%
Net Cash Per Share	2.30	2.19	2.45	0.58	0.23
Filing Date Shares Outstanding	1,012	1,072	1,159	1,181	1,181
Total Common Shares Outstanding	1,012	1,084	1,168	1,181	1,181
Working Capital	6,726	6,600	7,602	5,680	3,422
Book Value Per Share	16.41	15.30	14.42	11.78	10.13
Tangible Book Value	15,242	15,236	15,466	12,573	10,588
Tangible Book Value Per Share	15.06	14.05	13.24	10.65	8.97
Land	967.14	935.7	889.96	815.76	830.1
Buildings	14,518	13,904	13,538	12,857	13,065
Machinery	458.61	424.04	416.91	402.49	420.93
Construction In Progress	336.99	372.99	396.1	252.38	147.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.