On February 18, 2026, Tenaris SA reported its financial results for Q4 and the full year 2025, showing net sales of $2.995 billion, a 5% increase from Q4 2024, but a 4% annual decline to $11.981 billion. The company had significant cash flow, totaling $665 million in Q4 after dividends and buybacks, maintaining a strong net cash position of $3.3 billion.