Tenaris S.A.(TS) - 2025 Q2 - Quarterly Report

Tenaris Share Buyback Program Report This report details Tenaris's share buyback program, including its overview, weekly repurchase activities, and treasury share status Program Overview Tenaris initiated a USD 1.2 billion share buyback program, with the first tranche targeting up to USD 600 million for open market repurchases - The company initiated a USD 1.2 billion Share Buyback Program, with the first tranche allocated for up to USD 600 million[9] Weekly Repurchase Details (June 23 - June 27, 2025) During the week of June 23-27, 2025, Tenaris repurchased 4,935,098 ordinary shares for a total consideration of €76.75 million (USD 89.28 million) Share Repurchases from June 23 to June 27, 2025 | Date | Trading Venue | Shares Purchased | Weighted Average Price (EUR) | Purchases in EUR | Purchases in USD | | :--- | :--- | :--- | :--- | :--- | :--- | | 23-jun-25 | MTAA, CEUX | 894,504 | 15.8790 | 14,203,830 | 16,382,698 | | 24-jun-25 | MTAA, CEUX, LOFX, AQEU | 1,209,831 | 15.4430 | 18,687,222 | 21,700,562 | | 25-jun-25 | MTAA, CEUX, TQEX, AQEU | 1,230,763 | 15.4426 | 18,996,011 | 22,085,934 | | 26-jun-25 | MTAA, CEUX, TOEX, AQEU | 900,000 | 15.4207 | 15,420,605 | 17,504,445 | | 27-jun-25 | MTAA, CEUX | 600,000 | 15.7309 | 9,438,260 | 11,058,338 | | Total | | 4,935,098 | 15.5523 | 76,751,928 | 89,281,976 | Treasury Shares and Future Intentions As of June 27, 2025, Tenaris held 1.28% of its issued share capital in treasury, with plans to cancel shares acquired through the buyback program - As of June 27, 2025, the company held 13,694,268 ordinary shares in treasury, which constitutes 1.28% of its total issued share capital[10] - Tenaris plans to cancel the treasury shares acquired under the buyback program[10]