v3.26.1
Note 1 - Segment information (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [line items]  
Disclosure of operating segments [text block]

Year ended December 31, 2025

Tubes



Other



Total


Management view - operating income

2,163



108



2,271


Difference in cost of sales







31


Differences in selling, general and administrative expenses







(17

)

Differences in other operating income (expenses), net







(2

)

IFRS - operating income







2,283


Financial income (expense), net







133


Income before equity in earnings of non-consolidated companies and income tax







2,416


Equity in earnings of non-consolidated companies







58


Income before income tax







2,474


Net Sales

11,400



581



11,981


Depreciation and amortization

594



22



616



Year ended December 31, 2024

Tubes



Other



Total


Management view - operating income

2,391



143



2,534


Difference in cost of sales







(115

)

Differences in selling, general and administrative expenses







(3

)

Differences in other operating income (expenses), net







3


IFRS - operating income







2,419


Financial income (expense), net







129


Income before equity in earnings of non-consolidated companies and income tax







2,548


Equity in earnings of non-consolidated companies







9


Income before income tax







2,557


Net Sales

11,907



617



12,524


Depreciation and amortization

580



53



633



Year ended December 31, 2023

Tubes



Other



Total


Management view - operating income

4,337



129



4,466


Difference in cost of sales







(134

)

Differences in selling, general and administrative expenses







(7

)

Differences in other operating income (expenses), net







(9

)

IFRS - operating income







4,316


Financial income (expense), net







221


Income before equity in earnings of non-consolidated companies and income tax







4,537


Equity in earnings of non-consolidated companies







95


Income before income tax







4,633


Net Sales

14,185



684



14,869


Depreciation and amortization

518



31



549

Disclosure of geographical areas [text block]


North America



South America



Europe



Asia Pacific, Middle East and Africa



Unallocated (*)



Total


Year ended December 31, 2025


















Net sales

5,712,368



2,386,881



893,540



2,988,368



-



11,981,157


Property, plant and equipment, net

3,489,730



1,432,099



903,687



379,566



-



6,205,082


Intangible Assets, net

1,115,287



187,431



17,497



36,901



-



1,357,116


Right of Use Assets, net

54,424



12,254



29,553



48,326



-



144,557


Investments in non-consolidated companies

-



-



-



-



1,561,212



1,561,212




















Year ended December 31, 2024


















Net sales

5,558,769



2,621,581



1,262,458



3,081,126



-



12,523,934


Property, plant and equipment, net

3,578,293



1,257,345



832,443



453,390



-



6,121,471


Intangible Assets, net

1,117,314



177,934



14,899



47,602



-



1,357,749


Right of Use Assets, net

65,105



8,255



28,242



47,266



-



148,868


Investments in non-consolidated companies

-



-



-



-



1,543,657



1,543,657




















Year ended December 31, 2023


















Net sales

7,765,130



3,382,495



1,175,581



2,545,654



-



14,868,860


Property, plant and equipment, net

3,676,352



1,143,752



794,242



463,833



-



6,078,179


Intangible Assets, net

1,126,774



166,450



22,580



61,306



-



1,377,110


Right of Use Assets, net

50,128



9,241



24,832



47,937



-



132,138


Investments in non-consolidated companies

-



-



-



-



1,608,804



1,608,804



(*) For the years 2025, 2024 and 2023 includes Investments in non-consolidated companies. See note 14 to these Consolidated Financial Statements.
Tubes [member]  
Disclosure of operating segments [line items]  
Segment revenues by market [text block]

Revenues Tubes

2025



2024



2023


Oil & gas

10,172



10,689



12,488


Oil & gas processing plants

557



548



818


Industrial, power & others

671



670



879


Total

11,400



11,907



14,185