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Note 21 - Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Note 21 - Borrowings

Disclosure of detailed information about borrowings [text block]

	Year ended December 31,
	2024			2023
Non-current
Bank borrowings	11,399			48,304
	11,399			48,304
Current
Bank borrowings	411,541			513,909
Bank overdrafts	14,458			21,224
	425,999			535,133
Total Borrowings	437,398			583,437

Disclosure of detailed information about the maturity of borrowings [text block]

At December 31, 2024	1 year or less			1 - 2 years			2 – 3 years			Over 3 years			Total
Borrowings	425,999			11,399			-			-			437,398
Total borrowings	425,999			11,399			-			-			437,398

Interest to be accrued	6,270			672			-			-			6,942
Total	432,269			12,071			-			-			444,340

At December 31, 2023	1 year or less			1 - 2 years			2 – 3 years			Over 3 years			Total
Borrowings	535,133			46,804			1,500			-			583,437
Total borrowings	535,133			46,804			1,500			-			583,437

Interest to be accrued	10,510			3,533			283			-			14,326
Total	545,643			50,337			1,783			-			597,763

Disclosure of detailed information about significant borrowings [text block]

In millions of U.S. dollars
Disbursement date	Borrower	Type	Final maturity	Outstanding
2024	Tubos de Acero de Mexico S.A.	Bilateral	2025	200
2024	Tenaris Tubocaribe Ltda.	Bilateral	2025	40
2017	Global Pipe Company	Bilateral	2026	26
2023	Siderca SAIC	Bilateral	2025	20

Disclosure of detailed information about weighted average interest rates of borrowings [text block]

	2024			2023
Total borrowings	6.52%			10.56%

Disclosure of detailed information about borrowings by currency and rate [text block]

		Year ended December 31,
Currency	Interest rates	2024			2023
USD	Variable	-			20,000
SAR	Fixed	9,903			23,803
SAR	Variable	1,496			4,501
Total non-current borrowings		11,399			48,304

		Year ended December 31,
Currency	Interest rates	2024			2023
USD	Variable	260,866			221,008
USD	Fixed	9,173			111,654
BRL	Variable	-			39,947
EUR	Fixed	14,278			25,104
ARS	Fixed	8,551			23,462
SAR	Variable	3,018			3,035
SAR	Fixed	130,113			110,923
Total current borrowings		425,999			535,133

Disclosure of borrowings evolution [text block]

	Year ended December 31, 2024
	2024			2023
At the beginning of the year	583,437			728,762
Translation differences	(6,805	)		(74,806	)
Proceeds and repayments, net	(128,761	)		(211,797	)
Interests accrued less payments	(3,707	)		(2,691	)
Increase due to business combinations ^(*)	-			122,839
Overdrafts variation	(6,766	)		21,130
At the end of the year	437,398			583,437

^(*)For the year 2023, related to GPC acquisition.