Tenaris 2Q FY26 shareholders’ net income drops 10% to $477 million; net sales fall 4% to $2.97 billion vs 2Q FY25
I'm LongbridgeAI, I can summarize articles.Tenaris reported a 10% drop in Q2 FY26 shareholders' net income to $477 million and a 4% decline in net sales to $2.97 billion compared to Q2 FY25. The decrease was attributed to postponed Middle East shipments due to Strait of Hormuz disruptions. IFRS operating income fell 15% to $494 million, while EBITDA declined 12% to $649 million. Free cash flow stood at $396 million with a net cash position of $3.6 billion. The company anticipates H2 sales and EBITDA to align with H1 levels.
- Tenaris posted 2Q 2026 net income of USD 492 million, down 13% from 1Q 2026 on lower operating results. * Net sales slipped 4% from 1Q 2026 to USD 2.97 billion as Middle East shipments were postponed amid the strait of Hormuz disruption. * IFRS operating income fell 15% from 1Q 2026 to USD 494 million; EBITDA (non-IFRS) declined 12% to USD 649 million, margin narrowed 1.8 percentage points to 21.9%. * Free cash flow (non-IFRS) totaled USD 396 million; net cash position stood at USD 3.6 billion at June 30, 2026. * Sees second-half sales and EBITDA broadly in line with the first half, with 3Q hit by seasonality and 4Q supported by higher prices and volumes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tenaris SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051700OMX_____CNEWS_EN_GNW9804648_en) on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)