Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 22

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 22
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 with 960 customers. For a discussion on net          
 sales to Licensees, please refer to the Nokia Technologies section of this report. 23 October        
 2025 8                                                                                               |

| Reconciliation                                                                                      
 of reported operating profit to comparable operating profit EUR million Q3'25 Q3'24 YoY change      
 Q1-Q3'25 Q1-Q3'24 YoY change Reported operating profit 239 278 (14)% 345 1 109 (69)% Amortization   
 and depreciation of acquired intangible assets and property, plant and equipment 115 79 330         
 235 Restructuring and associated charges 44 70 178 323 Release of acquisition-related fair          
 value adjustments to deferred revenue and inventory 25 — 83 — Transaction and                       
 related costs, including integration costs 10 1 23 1 Impairment and write-off of assets,            
 net of reversals 2 58 4 83 Divestment of businesses 1 — 3 (67) Divestment of associates             
 — — — (186) Comparable operating profit 435 485 (10)% 966 1 498 (36)%                               
 The comparable operating profit that Nokia discloses is intended to provide meaningful supplemental 
 information to both management and investors regarding Nokia’s underlying business                  
 performance by excluding certain items of income and expenses that may not be indicative            
 of Nokia’s business operating results. Comparable operating profit is used also in                  
 determining management remuneration. In Q3 2025, the main adjustments related to the amortization   
 of acquired intangible assets and property, plant and equipment which is primarily related          
 to purchase price allocation of the Alcatel-Lucent and Infinera acquisitions, restructuring         
 charges which are part of the on-going restructuring program and the release of Infinera            
 acquisition-related fair value adjustments to deferred revenue and inventory. 23 October            
 2025 9                                                                                              |

| Cash                                                                                             
 and cash flow in Q3 2025 EUR billion EUR million, at end of period Q3'25 Q2'25 QoQ change        
 Q4'24 YTD change Total cash and interest-bearing financial investments 6 055 5 970 1% 8 741      
 (31)% Net cash and interest-bearing financial investments(1) 3 001 2 879 4% 4 854 (38)% (1)      
 Net cash and interest-bearing financial investments does not include lease liabilities.