Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 29

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 29
---
 entitling to shares in one or more issues. The authorizations are effective until            
 28 October 2026 and they terminated the corresponding authorizations granted by the AGM on          
 3 April 2024. 23 October 2025 12                                                                    |

| Shares                                                                                                 
 The total number of Nokia shares on 30 September 2025, equaled 5 455 850 345. On 30 September          
 2025, Nokia and its subsidiary companies held 42 368 973 Nokia shares, representing approximately      
 0.8% of the total number of Nokia shares and voting rights. Risk Factors Nokia and its businesses      
 are exposed to a number of risks and uncertainties which include but are not limited to:               
 ▪ Competitive intensity, which is expected to continue at a high level as some competitors             
 seek to take share; ▪ Changes in customer network investments related to their ability                 
 to monetize the network; ▪ Our ability to ensure competitiveness of our product roadmaps               
 and costs through additional R&D investments; ▪ Our ability to procure certain                         
 standard components and the costs thereof, such as semiconductors; ▪ Disturbance in                    
 the global supply chain; ▪ Impact of inflation, increased global macro-uncertainty,                    
 major currency fluctuations, changes in tariffs and higher interest rates; ▪ Potential                 
 economic impact and disruption of global pandemics; ▪ War or other geopolitical conflicts,             
 disruptions and potential costs thereof; ▪ Other macroeconomic, industry and competitive               
 developments; ▪ Timing and value of new, renewed and existing patent licensing agreements              
 with licensees; ▪ Results in brand and technology licensing; costs to protect and                      
 enforce our intellectual property rights; on-going litigation with respect to licensing and            
 regulatory landscape for patent licensing; ▪ The outcomes of on-going and potential                    
 disputes and litigation; ▪ Our ability to execute, complete, successfully integrate                    
 and realize the expected benefits from transactions; ▪ Timing of completions and acceptances           
 of certain projects; ▪ Our product and regional mix; ▪ Uncertainty in forecasting                      
 income tax expenses and cash outflows, over the long-term, as they are also subject to possible        
 changes due to business mix, the timing of patent licensing cash flow and changes in tax               
 legislation, including potential tax reforms in various countries and OECD initiatives; ▪              
 Our ability to utilize our Finnish deferred tax assets and their recognition on our balance            
 sheet; ▪ Our ability to meet our