| Disclosure of deferred tax assets and liabilities [text block] |
Deferred tax assets
|
|
Provisions and allowances
|
|
|
Inventories
|
|
|
Tax losses
|
|
|
Other
|
|
|
Total
|
|
|
At the beginning of the year
|
55,925
|
|
|
153,915
|
|
|
714,798
|
|
|
160,804
|
|
|
1,085,442
|
|
|
Translation differences
|
88
|
|
|
868
|
|
|
122
|
|
|
1,290
|
|
|
2,368
|
|
|
Increase due to business combinations (*)
|
-
|
|
|
-
|
|
|
3,014
|
|
|
-
|
|
|
3,014
|
|
|
Charged to other comprehensive income
|
-
|
|
|
-
|
|
|
153
|
|
|
1,237
|
|
|
1,390
|
|
|
Income statement (charge) / credit
|
7,532
|
|
|
11,987
|
|
|
(56,032
|
) |
|
3,375
|
|
|
(33,138
|
) |
|
At December 31, 2025
|
63,545
|
|
|
166,770
|
|
|
662,055
|
|
|
166,706
|
|
|
1,059,076
|
|
|
|
Provisions and allowances
|
|
|
Inventories
|
|
|
Tax losses
|
|
|
Other
|
|
|
Total
|
|
|
At the beginning of the year
|
31,511
|
|
|
199,019
|
|
|
634,894
|
|
|
185,997
|
|
|
1,051,421
|
|
|
Translation differences
|
(22
|
) |
|
(277
|
) |
|
(76
|
) |
|
(829
|
) |
|
(1,204
|
) |
|
Changes due to business combinations (**)
|
-
|
|
|
88
|
|
|
(414
|
) |
|
1,821
|
|
|
1,495
|
|
|
Charged to other comprehensive income
|
-
|
|
|
-
|
|
|
(2,006
|
) |
|
885
|
|
|
(1,121
|
) |
|
Income statement credit / (charge)
|
24,436
|
|
|
(44,915
|
) |
|
82,400
|
|
|
(27,070
|
) |
|
34,851
|
|
|
At December 31, 2024
|
55,925
|
|
|
153,915
|
|
|
714,798
|
|
|
160,804
|
|
|
1,085,442
|
|
(*)
|
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 2024, related to Mattr’s pipe coating business unit acquisition. |
Deferred tax liabilities
|
|
Fixed assets
|
|
|
Inventories
|
|
|
Intangible assets and other
|
|
|
Total
|
|
|
At the beginning of the year
|
568,638
|
|
|
75,230
|
|
|
114,217
|
|
|
758,085
|
|
|
Translation differences
|
646
|
|
|
-
|
|
|
413
|
|
|
1,059
|
|
|
Increase due to business combinations (*)
|
|
|
|
-
|
|
|
-
|
|
|
3,014
|
|
|
Decrease due to deconsolidation of subsidiaries (**)
|
(8
|
) |
|
-
|
|
|
-
|
|
|
(8
|
) |
|
Charged to other comprehensive income
|
-
|
|
|
-
|
|
|
(256
|
) |
|
(256
|
) |
|
Income statement credit
|
(35,792
|
) |
|
(29,331
|
) |
|
(29,615
|
) |
|
(94,738
|
) |
|
At December 31, 2025
|
536,498
|
|
|
45,899
|
|
|
84,759
|
|
|
667,156
|
|
|
|
Fixed assets
|
|
|
Inventories
|
|
|
Intangible assets and other
|
|
|
Total
|
|
|
At the beginning of the year
|
618,874
|
|
|
114,335
|
|
|
160,202
|
|
|
893,411
|
|
|
Translation differences
|
(194
|
) |
|
(72
|
) |
|
(174
|
) |
|
(440
|
) |
|
Changes due to business combinations(***)
|
1,223
|
|
|
-
|
|
|
2,033
|
|
|
3,256
|
|
|
Charged to other comprehensive income
|
-
|
|
|
-
|
|
|
(904
|
) |
|
(904
|
) |
|
Income statement credit
|
(51,265
|
) |
|
(39,033
|
) |
|
(46,940
|
) |
|
(137,238
|
) |
|
At December 31, 2024
|
568,638
|
|
|
75,230
|
|
|
114,217
|
|
|
758,085
|
|
(*)
|
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 2024, related to Mattr’s pipe coating business unit acquisition. |
|
| Deferred tax [text block] |
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
Deferred tax assets
|
834,168
|
|
|
831,298
|
|
|
Deferred tax liabilities
|
442,248
|
|
|
503,941
|
|
|
|
391,920
|
|
|
327,357
|
|
The movement in the net deferred income tax asset / (liability) account is as follows:
|
|
Year ended December 31,
|
|
|
|
2025
|
|
|
2024
|
|
|
At the beginning of the year
|
327,357
|
|
|
158,010
|
|
|
Translation differences
|
1,309
|
|
|
(764
|
) |
|
Changes due to business combinations (*)
|
-
|
|
|
(1,761
|
) |
|
Changes due to deconsolidation of subsidiaries (**)
|
8
|
|
|
-
|
|
|
Charged to other comprehensive income
|
1,646
|
|
|
(217
|
) |
|
Income statement credit
|
61,600
|
|
|
172,089
|
|
|
At the end of the year
|
391,920
|
|
|
327,357
|
|
| (*) |
For the year 2024, related to Mattr’s pipe coating business unit acquisitions. |
| (**) |
For the year 2025, related to the deconsolidation of Amaja Tubular Services Limited. |
|