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	1,921	1,908	2,481	2,494	1,299
Other Receivables	268.8	179.61	181.37	183.81	96.28
Total Trade Receivables	2,190	2,087	2,662	2,678	1,395
Inventory	3,602	3,710	3,921	3,987	2,673
Other Current Assets	366.52	340.11	266.2	273.94	197.26
Total Current Assets	9,038	9,236	10,504	8,469	4,981
Net Property, Plant & Equipment	6,350	6,270	6,210	5,668	5,934
Other Intangible Assets	1,357	1,358	1,377	1,333	1,372
Long-Term Investments	2,319	2,549	2,014	1,661	1,704
Other Long-Term Assets	973.38	1,037	975.57	420.59	451.44
Total Assets	20,072	20,450	21,082	17,550	14,449
Accounts Payable	872.91	880.26	1,108	1,179	845.26
Short-Term Debt	305.35	426	535.13	682.33	219.5
Current Portion of Leases	48.35	44.49	37.84	28.56	34.59
Unearned Revenue	168.83	206.2	263.66	242.91	92.44
Other Current Liabilities	950.95	1,080	957.78	655.17	367.86
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
Other Long-Term Liabilities	801.37	887.8	1,004	597.34	589.96
Total Long-Term Liabilities	896.64	999.63	1,149	727.39	784.08
Total Liabilities	3,243	3,636	4,051	3,516	2,344
Total Common Shareholders' 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	448.22
Net Cash (Debt)	2,430	2,466	2,890	689.04	267.76
Net Cash Growth	-1.44%	-14.66%	319.37%	157.34%	-53.90%
Net Cash Per Share	4.60	4.37	4.90	1.17	0.45
Book Value	16,599	16,593	16,843	13,906	11,961
Book Value Per Share	31.44	29.43	28.57	23.56	20.26
Tangible Book Value	15,242	15,236	15,466	12,573	10,588
Tangible Book Value Per Share	28.87	27.03	26.24	21.30	17.94

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.