TENARIS SA

Tenaris S.A. announced that its Extraordinary General Meeting of Shareholders, held on May 12, 2026, approved the cancellation of 62,355,174 ordinary shares held in treasury. These shares were acquired during the company's third share buyback program. Consequently, the issued share capital was reduced by US$62,355,174, bringing it to US$1,009,639,756. The meeting also approved the amendment of Article 5 "Share Capital" of the company's articles of association to reflect this change.

Tenaris S.A. held its Annual General Meeting of Shareholders on May 12, 2026, where shareholders approved an annual dividend of US$0.89 per share (US$1.78 per ADS) for the year ended December 31, 2025. This includes an interim dividend already paid, with a balance of US$0.60 per share (US$1.20 per ADS) to be paid on May 20, 2026. The meeting also approved the 2025 financial statements, re-elected the Board of Directors with a reduced number of ten members, and appointed Forvis Mazars as the statutory auditor for fiscal year 2026.

Tenaris S.A. announced that shareholders approved all resolutions at its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on May 12, 2026. Key approvals included the company's 2025 consolidated financial statements and an annual dividend of US$0.89 per share, with the balance of US$0.60 per share payable on May 20, 2026. Shareholders also re-appointed the board of directors, approved director compensation, appointed Forvis Mazars as the statutory auditor, and renewed the share buyback authorization. Additionally, 62,355,174 treasury shares were cancelled, resulting in a reduction of the company's issued share capital.

Tenaris S.A. announced that its annual and extraordinary general meetings approved all resolutions, including an annual dividend of US$0.89 per share (US$1.78 per ADS). The balance of US$0.60 per share (US$1.20 per ADS), totaling approximately US$0.6 billion, will be paid on May 20, 2026. Shareholders also approved the cancellation of 62,355,174 treasury shares from a past buyback program, reducing the company's issued share capital from US$1,071,994,930 to US$1,009,639,756. Additionally, the board of directors was reduced to ten members, with re-appointments and re-elections for key leadership roles, and Forvis Mazars was appointed as the statutory auditor for 2026.

Tenaris S.A. announced that it held its 2026 First Quarter Results conference call on May 7, 2026. The call featured newly appointed Chief Executive Officer Gabriel Podskubka and other senior management, who discussed the company's financial results, market conditions, and future outlook. The audio recording of the conference call is available on Tenaris's Investor Relations website for investors and analysts.

Tenaris S.A. announced a definitive agreement to acquire 100% of Artrom Steel Tubes S.A. from GLGH Steel, LLC for EUR 86 million. Artrom Steel Tubes, a Romanian manufacturer, has an annual steelmaking capacity of approximately 450,000 metric tons and seamless pipe rolling capacity of up to 200,000 metric tons. This acquisition is expected to expand Tenaris's industrial pipe product range and manufacturing footprint, strengthening its ability to serve European customers. The transaction is subject to regulatory approvals and is anticipated to close in the fourth quarter of 2026.

Tenaris reported strong first-quarter 2026 financial results, with net sales increasing by 6.1% to $3.10 billion and net income rising by 8.9% to $564.16 million. Diluted earnings per share grew by 14.9% to $0.54. The company also completed the acquisition of the oilfield division of AllTorque during the period, though net cash provided by operating activities decreased by 24.8%.

Tenaris S.A. announced the appointment of Gabriel Podskubka as its new Chief Executive Officer, effective immediately. Paolo Rocca, who has led the company for 25 years, will continue in his role as Chairman of the Board. This leadership transition is the result of a long-term planning process, with Mr. Podskubka having served as Chief Operating Officer since 2023 and holding various leadership positions since joining the company in 1995.

Tenaris reported strong first-quarter 2026 results with net sales rising 6% year-over-year to $3.1 billion and net income increasing 9% to $564 million, despite disruptions in the Middle East. The company generated $503 million in free cash flow and repurchased $90 million in shares, ending the quarter with a net cash position of $3.8 billion. However, the outlook for Q2 anticipates lower sales in the Middle East and higher logistics costs, with a recovery expected in the second half of 2026, contingent on the reopening of the Strait of Hormuz.

Tenaris S.A. announced the convening of its Annual General Meeting of Shareholders and an Extraordinary General Meeting, both scheduled for May 12, 2026, at 10:00 Central European time. The company has published the convening notice, which includes the agendas and procedures for attending and voting, as required by applicable law. Related documents, such as the 2025 Annual Report and Compensation Report, are available on Tenaris's investor relations website and at its registered office.