v3.26.1
Note 11 - Property, plant and equipment, net (Tables)
12 Months Ended
Dec. 31, 2025
Note 11 - Property, plant and equipment, net  
Disclosure of detailed information about property, plant and equipment [text block]

Year ended December 31, 2025

Land and civil buildings



Industrial buildings, plant and production equipment



Vehicles, furniture and fixtures



Work in progress



Spare parts and equipment



Total


At the beginning of the year


















Cost

935,704



13,903,542



424,042



372,990



81,438



15,717,716


Accumulated depreciation and impairment

(178,294

)

(9,030,040

)

(350,480

)

-



(37,431

)

(9,596,245

)

Property, plant and equipment, net at the beginning of the year

757,410



4,873,502



73,562



372,990



44,007



6,121,471




















Movements of the year


















Currency translation adjustment

8,279



56,463



640



6,188



364



71,934


Increase due to business combinations (*)

1,990



14,352



-



-



-



16,342


Additions

-



3,164



598



550,901



13,758



568,421


Transfers / Reclassifications

83,893



464,662



39,070



(586,719

)

-



906


Decrease due to deconsolidation of subsidiaries (**)

-



(362

)

(11

)

-



-



(373

)

Disposals / Consumptions (***)

(57,445

)

(818

)

(461

)

(6,369

)

(6,849

)

(71,942

)

Depreciation charge

(14,728

)

(464,041

)

(20,666

)

-



(2,242

)

(501,677

)

Movements of the year

21,989



73,420



19,170



(35,999

)

5,031



83,611




















At the end of the year


















Cost

967,135



14,517,757



458,610



336,991



89,139



16,369,632


Accumulated depreciation and impairment

(187,736

)

(9,570,835

)

(365,878

)

-



(40,101

)

(10,164,550

)

Property, plant and equipment, net at the end of the year

779,399



4,946,922



92,732



336,991



49,038



6,205,082



Year ended December 31, 2024

Land and civil buildings



Industrial buildings, plant and production equipment



Vehicles, furniture and fixtures



Work in progress



Spare parts and equipment



Total


At the beginning of the year


















Cost

889,957



13,538,273



416,913



396,103



71,834



15,313,080


Accumulated depreciation and impairment

(164,894

)

(8,696,044

)

(351,309

)

-



(22,654

)

(9,234,901

)

Property, plant and equipment, net at the beginning of the year

725,063



4,842,229



65,604



396,103



49,180



6,078,179




















Movements of the year


















Currency translation adjustment

(4,637

)

(26,793

)

(266

)

(4,391

)

(161

)

(36,248

)

Changes due to business combinations (****)

12,949



(24,063

)

-



653



-



(10,461

)

Additions

2,176



1,028



433



616,218



15,658



635,513


Transfers / Reclassifications

48,322



550,891



29,681



(633,440

)

-



(4,546

)

Disposals / Consumptions

(10,197

)

(12,526

)

(1,183

)

(2,153

)

(5,704

)

(31,763

)

Depreciation charge

(16,266

)

(457,264

)

(20,707

)

-



(14,966

)

(509,203

)

Movements of the year

32,347



31,273



7,958



(23,113

)

(5,173

)

43,292




















At the end of the year


















Cost

935,704



13,903,542



424,042



372,990



81,438



15,717,716


Accumulated depreciation and impairment

(178,294

)

(9,030,040

)

(350,480

)

-



(37,431

)

(9,596,245

)

Property, plant and equipment, net at the end of the year

757,410



4,873,502



73,562



372,990



44,007



6,121,471



(*) For the year 2025, related to the acquisition of a scrap processing business in Beaver Falls, Pennsylvania. For more information see note 34.
(**) For the year 2025, related to the deconsolidation of Amaja Tubular Services Limited.
(***) For the year 2025, includes the unwinding of certain land plots in Saudi Arabia. For more information see note 28.
(****) For the year 2024, related to Mattr’s pipe coating business unit acquisition.