Nokia Oyj (NOK) Financial Statements
Nokia Oyj financial statements at a glance
Nokia Oyj reported revenue of 19.89 billion EUR for fiscal year 2025 (ended December 31, 2025), up 3.5% from fiscal year 2024. Net income was 651.00 million EUR, a net margin of 3.3%, and diluted earnings per share were 0.12 EUR.
At the end of fiscal year 2025 it had total assets of 37.60 billion EUR, total liabilities of 16.54 billion EUR and shareholders' equity of 20.97 billion EUR, with cash and short-term investments of 6.76 billion EUR and total debt of 4.41 billion EUR.
Its operations brought in 2.07 billion EUR of cash; capital spending was 606.00 million EUR, leaving free cash flow of 1.47 billion EUR.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in EUR; latest fiscal year ended December 31, 2025.
Nokia Oyj
Income Statement
Annual • EUR
Nokia Oyj key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | 19.9B EUR | 19.2B EUR | 21.1B EUR | 23.8B EUR | 22.2B EUR |
| Gross profit | 8.7B EUR | 8.9B EUR | 8.5B EUR | 10.1B EUR | 8.8B EUR |
| Operating income | 782.0M EUR | 1.6B EUR | 1.5B EUR | 2.4B EUR | 1.8B EUR |
| Net income | 651.0M EUR | 1.3B EUR | 665.0M EUR | 4.3B EUR | 1.6B EUR |
| Diluted EPS | 0.12 EUR | 0.23 EUR | 0.12 EUR | 0.75 EUR | 0.29 EUR |
| Total assets | 37.6B EUR | 39.1B EUR | 39.9B EUR | 42.9B EUR | 40.0B EUR |
| Total liabilities | 16.5B EUR | 18.4B EUR | 19.2B EUR | 21.5B EUR | 22.6B EUR |
| Shareholders' equity | 21.0B EUR | 20.7B EUR | 20.5B EUR | 21.3B EUR | 17.4B EUR |
| Cash and short-term investments | 6.8B EUR | 8.9B EUR | 8.2B EUR | 9.2B EUR | 9.6B EUR |
| Total debt | 4.4B EUR | 4.8B EUR | 5.2B EUR | 5.5B EUR | 5.7B EUR |
| Operating cash flow | 2.1B EUR | 2.5B EUR | 1.3B EUR | 1.5B EUR | 2.6B EUR |
| Capital spending | 606.0M EUR | 472.0M EUR | 652.0M EUR | 601.0M EUR | 560.0M EUR |
| Free cash flow | 1.5B EUR | 2.0B EUR | 665.0M EUR | 873.0M EUR | 2.1B EUR |
In EUR. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Nokia Oyj's revenue in fiscal year 2025?
19.89 billion EUR, up 3.5% from 19.22 billion EUR in fiscal year 2024.
How much profit does Nokia Oyj make?
Nokia Oyj reported net income of 651.00 million EUR for fiscal year 2025 (3.3% of revenue); operating income was 782.00 million EUR.
How much cash and debt does Nokia Oyj have?
At the end of fiscal year 2025: cash and short-term investments of 6.76 billion EUR and total debt of 4.41 billion EUR.
What is Nokia Oyj's free cash flow?
1.47 billion EUR in fiscal year 2025 (operating cash flow of 2.07 billion EUR minus capital spending of 606.00 million EUR).
