Tenaris (TS) Minority Interest (2009 - 2026)

As of Dec 31, 2025, Tenaris reported Minority Interest of $229.88 million, up 4.2% from the prior year.

• Annual Minority Interest has increased for three straight years, with a five-year compound annual growth rate of 4.6% (years ended Dec 2020 to Dec 2025).
• Across earlier years, Minority Interest came in at $220.58 million in the year ended Dec 31, 2024 (+17.7%), $187.47 million in the year ended Dec 31, 2023 (+45.6%), $128.73 million in the year ended Dec 31, 2022 (-11.3%) and $145.12 million in the year ended Dec 31, 2021 (-20.9%).
• The figure for the quarter ended Jun 30, 2026 is the highest quarterly Minority Interest since the quarter ended Mar 31, 2012.
• On a year-over-year basis, Minority Interest has increased for three consecutive quarters, with growth averaging 11.3% over the last seven quarters.
• Peak year-over-year performance for Minority Interest in the last five years was growth of 55.7% in the quarter ended Mar 31, 2024, against a decline of 27.3% in the quarter ended Sep 30, 2022 at the low end.
• Per Business Quant, the preceding three quarters came in at $253.03 million (quarter ended Mar 31, 2026), $229.88 million (quarter ended Dec 31, 2025) and $218.09 million (quarter ended Sep 30, 2025).