Nokia Oyj financials
Also U.S.-listed. Nokia Oyj is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: NOK — Nokia Corporation
Nokia Oyj
Country: FI Reporting currency: EUR Latest annual report: 2025-12-31
LEI:
549300A0JPRWG1KI7U06 Financial statements
(EUR, as reported — unscaled; 146 line items across 3 annual periods)
| Line item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income statement | |||
| Cost of sales | €11.23B | €10.36B | €12.59B |
| Gross profit | €8.66B | €8.86B | €8.55B |
| Other income | €42.0M | €385.0M | €224.0M |
| Operating profit (EBIT) | €885.0M | €1.97B | €1.73B |
| Finance costs | €246.0M | €320.0M | €579.0M |
| Profit before tax | €915.0M | €2.09B | €1.47B |
| Income tax expense | €277.0M | €380.0M | €820.0M |
| Profit for the year | €660.0M | €1.28B | €679.0M |
| — attributable to owners | €651.0M | €1.28B | €665.0M |
| — attributable to NCI | €9.0M | €7.0M | €14.0M |
| Total comprehensive income | -€884.0M | €2.15B | -€68.0M |
| Per share | |||
| Basic EPS | €0.12 | €0.23 | €0.12 |
| Diluted EPS | €0.12 | €0.23 | €0.12 |
| Free cash flow / share | €0.27 | €0.36 | €0.12 |
| Cash flow statement | |||
| Cash generated from operations | €2.52B | €2.87B | €1.96B |
| Net cash from operating activities | €2.07B | €2.49B | €1.32B |
| Net cash from investing activities | -€1.40B | -€117.0M | €1.04B |
| Net cash from financing activities | -€1.61B | -€2.00B | -€1.50B |
| Dividends paid | €759.0M | €723.0M | €621.0M |
| Lease liability payments | €221.0M | €233.0M | €239.0M |
| Balance sheet | |||
| Total assets | €37.60B | €39.15B | — |
| Non-current assets | €21.80B | €21.16B | — |
| Property, plant & equipment | €1.57B | €1.36B | — |
| Right-of-use assets | €920.0M | €758.0M | — |
| Intangible assets & goodwill | €6.00B | €5.74B | — |
| Inventories | €2.21B | €2.16B | — |
| Trade & other receivables | €4.97B | €5.25B | — |
| Cash & equivalents | €5.46B | €6.62B | €6.23B |
| Total equity | €21.06B | €20.75B | €20.63B |
| — attributable to owners | €20.97B | €20.66B | — |
| Non-controlling interests | €91.0M | €90.0M | — |
| Non-current liabilities | €6.54B | €7.01B | — |
| Long-term borrowings | €2.33B | €2.92B | — |
| Lease liabilities (non-current) | €797.0M | €664.0M | — |
| Current liabilities | €10.00B | €11.39B | — |
| Lease liabilities (current) | €203.0M | €199.0M | — |
| Trade & other payables | €2.98B | €3.21B | — |
| Derived metrics | |||
| Free cash flow | €1.47B | €2.02B | €665.0M |
| Operating margin | 4.4% | 10.2% | 8.2% |
| Net margin | 3.3% | 6.7% | 3.2% |
| Return on equity | 3.1% | 6.2% | 3.3% |
| Cash conversion ratio | 3.14× | 1.94× | 1.94× |
| Capex coverage | 3.42× | 5.28× | 2.02× |
| Other reported items | |||
| Adjustments For Decrease Increase In Inventories | €149.0M | €404.0M | €443.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€25.0M | -€364.0M | €304.0M |
| Adjustments For Depreciation Expense | €1.12B | €1.01B | €1.09B |
| Adjustments For Finance Income Cost | €11.0M | €107.0M | -€220.0M |
| Adjustments For Gain Loss On Disposal of Investments In Subsidiaries Joint Ventures and Associates | €23.0M | €286.0M | €19.0M |
| Adjustments For Gain Loss On Disposals Property Plant and Equipment | €22.0M | €94.0M | €143.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €18.0M | €611.0M | €25.0M |
| Adjustments For Income Tax Expense | €277.0M | €385.0M | €825.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | -€333.0M | -€609.0M | -€2.03B |
| Adjustments For Reconcile Profit Loss | €2.06B | €2.16B | €2.56B |
| Adjustments For Sharebased Payments | €337.0M | €241.0M | €202.0M |
| Basic Earnings Loss Per Share From Continuing Operations | €0.12 | €0.31 | €0.11 |
| Cancellation of Treasury Shares | €0 | €0 | €0 |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €40.0M | -€29.0M | €17.0M |
| Cash Flows From Used In Increase Decrease In Current Borrowings | €360.0M | -€6.0M | -€40.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €1.73B | €37.0M | €19.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | €5.0M | €8.0M | €10.0M |
| Comprehensive Income Attributable To Owners of Parent | -€889.0M | €2.15B | -€78.0M |
| Comprehensive Income From Continuing Operations Attributable To Owners of Parent | -€911.0M | €2.62B | -€91.0M |
| Comprehensive Income From Discontinued Operations Attributable To Owners of Parent | €22.0M | -€477.0M | €13.0M |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €15.79B | €17.99B | — |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €1.08B | €969.0M | — |
| Current Contract Assets | €805.0M | €694.0M | — |
| Current Contract Liabilities | €1.56B | €1.51B | — |
| Current Investments | €961.0M | €1.66B | — |
| Current Tax Assets Current | €256.0M | €202.0M | — |
| Current Tax Liabilities Current | €344.0M | €207.0M | — |
| Diluted Earnings Loss Per Share From Continuing Operations | €0.11 | €0.31 | €0.11 |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | €804.0M | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | €0.14 | — | — |
| Dividends Recognised As Distributions To Owners Per Share | — | €0.14 | €0.13 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -€226.0M | €16.0M | -€91.0M |
| Equity and Liabilities | €37.60B | €39.15B | — |
| Finance Income | €257.0M | €434.0M | €354.0M |
| Gains Losses On Cash Flow Hedges Before Tax | €65.0M | €23.0M | -€24.0M |
| Gains Losses On Exchange Differences On Translation Before Tax | -€1.63B | €615.0M | -€554.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | €32.0M | €83.0M | -€110.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | €28.0M | -€8.0M | €10.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | -€7.0M | €85.0M | -€61.0M |
| Income Taxes Paid Refund Classified As Operating Activities | €396.0M | €342.0M | €576.0M |
| Increase Decrease In Cash and Cash Equivalents | -€1.16B | €389.0M | €767.0M |
| Increase Decrease In Working Capital | €209.0M | €569.0M | €1.28B |
| Increase Decrease Through Acquisition of Subsidiary | €647.0M | — | — |
| Increase Decrease Through Disposal of Subsidiary | — | — | -€2.0M |
| Increase Decrease Through Sharebased Payment Transactions | €337.0M | €241.0M | €202.0M |
| Increase Decrease Through Transactions With Owners | €1.20B | -€2.04B | -€730.0M |
| Intangible Assets Other Than Goodwill | €1.40B | €802.0M | — |
| Interest Paid Classified As Operating Activities | €212.0M | €263.0M | €241.0M |
| Interest Received Classified As Operating Activities | €163.0M | €226.0M | €178.0M |
| Investment Accounted For Using Equity Method | €180.0M | €124.0M | — |
| Issue of Equity | €850.0M | — | — |
| Issued Capital | €246.0M | €246.0M | — |
| Liabilities | €16.54B | €18.40B | — |
| Net Deferred Tax Assets | €3.64B | €3.60B | — |
| Net Deferred Tax Liabilities | €392.0M | €562.0M | — |
| Noncurrent Contract Liabilities | €286.0M | €185.0M | — |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | €368.0M | €457.0M | — |
| Noncurrent Recognised Assets Defined Benefit Plan | €6.38B | €6.93B | — |
| Noncurrent Recognised Liabilities Defined Benefit Plan | €1.95B | €2.08B | — |
| Other Adjustments To Reconcile Profit Loss | -€21.0M | €5.0M | €46.0M |
| Other Comprehensive Income | -€1.54B | €871.0M | -€747.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | -€24.0M | €408.0M | -€343.0M |
| Other Comprehensive Income Before Tax Hedges of Net Investments In Foreign Operations | €111.0M | -€40.0M | €135.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -€1.53B | €548.0M | -€465.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -€17.0M | €323.0M | -€282.0M |
| Other Current Financial Assets | €340.0M | €629.0M | — |
| Other Current Financial Liabilities | €316.0M | €1.67B | — |
| Other Current Liabilities | €2.74B | €2.88B | — |
| Other Current Receivables | €784.0M | €767.0M | — |
| Other Expense By Function | -€112.0M | -€105.0M | -€103.0M |
| Other Inflows Outflows of Cash Classified As Investing Activities | €88.0M | €61.0M | €22.0M |
| Other Longterm Provisions | €637.0M | €479.0M | — |
| Other Noncurrent Financial Assets | €1.07B | €1.18B | — |
| Other Noncurrent Liabilities | €147.0M | €117.0M | — |
| Other Noncurrent Receivables | €277.0M | €210.0M | — |
| Other Shortterm Provisions | €779.0M | €749.0M | — |
| Payments From Changes In Ownership Interests In Subsidiaries | €501.0M | €0 | €0 |
| Payments To Acquire Or Redeem Entitys Shares | €624.0M | €680.0M | €300.0M |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €28.0M | €97.0M | €189.0M |
| Proceeds From Issuing Shares | €859.0M | €0 | €0 |
| Proceeds From Noncurrent Borrowings | €151.0M | €101.0M | €496.0M |
| Proceeds From Sales of Investments Accounted For Using Equity Method | €0 | €259.0M | €8.0M |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | €1.10B | €1.14B | €3.38B |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | €186.0M | €70.0M | €34.0M |
| Profit Loss From Continuing Operations | €638.0M | €1.71B | €649.0M |
| Profit Loss From Discontinued Operations | €22.0M | -€427.0M | €30.0M |
| Purchase of Financial Instruments Classified As Investing Activities | €117.0M | €280.0M | €83.0M |
| Purchase of Interests In Associates | €50.0M | €0 | €0 |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | €337.0M | €924.0M | €1.85B |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €606.0M | €472.0M | €652.0M |
| Purchase of Treasury Shares | -€206.0M | €1.51B | €291.0M |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | €64.0M | €2.0M | €37.0M |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | €2.0M | €78.0M | -€19.0M |
| Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | €23.0M | €64.0M | -€120.0M |
| Repayments of Noncurrent Borrowings | €875.0M | €462.0M | €798.0M |
| Research and Development Expense | €4.86B | €4.51B | €4.28B |
| Reserve of Exchange Differences On Translation | -€1.27B | €263.0M | — |
| Retained Earnings | €1.86B | €1.96B | — |
| Revenue From Contracts With Customers | €19.89B | €19.22B | €21.14B |
| Selling General and Administrative Expense | €3.07B | €2.87B | €2.86B |
| Share of Profit Loss of Joint Ventures Accounted For Using Equity Method | €19.0M | €7.0M | -€39.0M |
| Share Premium | €870.0M | €734.0M | — |
| Treasury Shares | €352.0M | €431.0M | — |
Methodology
Every line item above is a fact tagged in Nokia Oyj's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.