NOKIA CORP (NOK) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — NOK

Balance Sheet

(in billions EUR)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	5.46	6.62	6.23	5.47	6.69	6.94	5.91
Inventory	2.21	2.16	2.72	3.27	2.39	2.24	2.94
Total Current Assets	15.79	--	--	20.27	19.60	18.22	16.81
Goodwill	6.00	5.74	5.50	--	--	--	5.53
Total Non-current Assets	21.81	21.16	21.69	22.68	20.45	17.98	22.32
Total Assets	37.60	39.15	39.86	42.94	40.05	36.19	39.13
Total Current Liabilities	10.00	11.39	10.93	12.77	12.10	11.76	12.06
Total Non-current Liabilities	6.54	7.01	8.30	8.74	10.49	11.89	11.67
Total Liabilities	16.54	18.40	19.23	21.52	22.59	23.65	23.73
Retained Earnings	1.86	1.96	1.40	1.38	(2.54)	(4.14)	(1.61)
Total Stockholder Equity	21.06	20.75	20.63	21.43	17.46	12.55	15.40

Income Statement

(in billions EUR) (except per-share rows)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Total Revenue	19.89	19.22	22.26	24.91	22.20	21.85	23.32
Cost of Revenue*	11.23	10.36	13.57	14.69	13.37	13.66	14.99
Gross Profit	8.66	8.86	8.69	10.22	8.83	8.19	8.33
Research & Development	4.86	4.51	4.33	4.55	4.21	4.09	4.41
Selling, General & Admin	3.07	2.89	2.93	3.01	2.79	2.90	3.10
Total Operating Expenses*	7.77	6.87	7.00	7.90	6.68	7.31	7.84
Operating Income	0.89	2.00	1.69	2.32	2.16	0.89	0.49
Pretax Income	0.92	2.09	1.50	2.18	1.93	0.74	0.16
Tax Provision	0.28	0.38	0.83	(2.03)	0.27	3.26	0.14
Net Income	0.66	1.28	0.68	4.26	1.65	(2.52)	0.01
Basic EPS	0.12	0.23	0.12	0.76	0.29	(0.45)	0.00
Diluted EPS	0.12	0.23	0.12	0.75	0.29	(0.45)	0.00

* Derived from reported values

Cash Flow Statement

(in billions EUR)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	2.07	2.49	1.32	1.47	2.63	1.76	0.39
Investing Cash Flow	(1.40)	(0.12)	1.04	(1.88)	(1.79)	(1.52)	(0.17)
Financing Cash Flow	(1.61)	(2.00)	(1.50)	(0.84)	(1.21)	0.88	(0.48)