Tenaris (OTC: TNRSF) repurchases $47.6M in shares in buyback
Rhea-AI Filing Summary
Tenaris S.A. reported activity in the first tranche of its previously announced USD 1.2 billion share buyback program, which includes up to USD 600 million to be executed in the open market. From September 22, 2025 to September 26, 2025, the company repurchased 2,723,573 ordinary shares for a total of €40,652,013, equivalent to USD 47,616,368.
As of September 26, 2025, Tenaris held 32,401,871 ordinary shares in treasury, representing 3.02% of its total issued share capital. The company states that it intends to cancel treasury shares purchased under the programs in due course. Detailed transaction data is available on its website.
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Insights
Tenaris continues executing a sizable buyback, adding treasury shares equal to just over 3% of capital.
Tenaris is progressing with the first tranche of its USD 1.2 billion share buyback program, which includes up to USD 600 million in open-market repurchases. In the week from September 22–26, 2025, it bought 2,723,573 ordinary shares for €40,652,013, equivalent to USD 47,616,368, showing active execution rather than a purely notional authorization.
Following these purchases, Tenaris held 32,401,871 shares in treasury, or 3.02% of issued share capital as of September 26, 2025. The company indicates it intends to cancel treasury shares acquired under the programs, which would reduce the share count once implemented. Actual effects on per-share metrics will depend on the final number and timing of cancellations disclosed in future company communications.
FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of September 26, 2025
TENARIS, S.A.
(Translation of Registrant's name into English)
26, Boulevard Royal, 4th floor
L-2449 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.
Form 20-F _Ö_ Form 40-F ___
The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Weekly Report (September 22, 2025 – September 26, 2025) on the First Tranche of Tenaris Share Buyback Program.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 26, 2025
Tenaris, S.A.
By: /s/ Giovanni Sardagna
Giovanni Sardagna
Investor Relations Officer
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
Weekly Report (September 22, 2025 – September 26, 2025) on the First Tranche of Tenaris Share Buyback Program.
Luxembourg, September 26, 2025. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its First Tranche of the USD1.2 billion Share Buyback Program announced on June 6, 2025, covering up to USD600 million to be executed in the open market, it has repurchased the following ordinary shares from September 22, 2025 to (and including) September 26, 2025:
From September 22, 2025 to (and including) September 26, 2025, the Company has purchased a total of 2,723,573 ordinary shares for a total consideration of €40,652,013, equivalent to USD47,616,368.
As of September 26, 2025, the Company held in treasury 32,401,871 ordinary shares equal to 3.02% of the total issued share capital.
Tenaris intends to cancel treasury shares purchased under the Programs in due course.
Details of the above transactions, are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program.
Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.