Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 59

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 59
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| Recast                                                                                             
 financial information Change in the presentation of gains and losses from venture fund investments 
 In Q3 2025, Nokia completed a strategic review of its venture fund investment activities.          
 As a result, Nokia no longer views broad-based venture fund investments as having a strategic      
 role and has initiated a process to scale down these investments. Consequently, the presentation   
 of the results of venture fund investments as operating activities is no longer considered         
 relevant, and therefore beginning from Q3 2025, Nokia is presenting the gains and losses           
 from venture fund investments, including the changes in fair value and the fund management         
 fees, as financial income and expenses. For the segment reporting purposes, the results of         
 venture fund investments had previously been included in the operating results of Group Common     
 and Other. The recast comparative financial information for each quarter Q1-Q3'24 and Q1-Q2'25     
 is presented below. Consolidated income statement (condensed) - Reported EUR million Q1'25         
 Q2'25 Q3'25 Q1-Q3'25 Q1'24 Q2'24 Q3'24 Q1-Q3'24 Net sales 4 390 4 546 4 828 13 764 4 444           
 4 466 4 326 13 236 Cost of sales (2 566) (2 575) (2 718) (7 859) (2 233) (2 530) (2 369)           
 (7 133) Gross profit 1 824 1 971 2 110 5 905 2 210 1 936 1 957 6 103 Research and development      
 expenses (1 145) (1 161) (1 174) (3 479) (1 125) (1 134) (1 116) (3 376) Selling, general          
 and administrative expenses (723) (740) (729) (2 193) (688) (712) (688) (2 088) Other operating    
 income and expenses 23 58 32 112 8 336 126 469 Operating profit/(loss) (21) 128 239 345 405        
 426 278 1 109 Share of results of associates and joint ventures 1 8 5 15 1 3 2 5 Financial         
 income and expenses (16) (