Company: NOKBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001104659-25-070159
Chunk: 9

Company: NOKIA CORP
Filing Date: 2025-07-24
Form: 6-K
Chunk 9
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 the amortization of        
 acquired intangible assets of EUR 78 million and the             
 impairment and write-off of assets of EUR 11 million.            
 Profit from continuing operations                                
 Reported profit from continuing operations in Q2 2025 was        
 EUR 83 million, compared to a profit of EUR 370 million in Q2    
 2024. Comparable profit from continuing operations in Q2         
 2025 was EUR 236 million, compared to EUR 328 million in Q2      
 2024. The decrease in comparable profit from continuing          
 operations was driven by the decline in comparable operating     
 profit, which was somewhat offset by a slight decrease in        
 income tax expense.                                              
 Apart from the items affecting comparability included in         
 operating profit (and their associated tax effects), the         
 difference between reported and comparable profit from           
 continuing operations in Q2 2025 was mainly due to a positive    
 EUR 9 million fair value change of equity investments in         
 Vodafone Idea which were disposed of in Q2 2025 and a            
 positive EUR 5 million change in fair value of Infinera          
 convertible notes which were settled in Q2 2025. In Q2 2024,     
 the difference between reported and comparable profit from       
 continuing operations was mainly due to a negative change in     
 financial liability to acquire non-controlling interest in Nokia 
 Shanghai Bell of EUR 9 million.                                  
 Profit/loss from discontinued operations                         
 The accounting for Submarine Networks was moved into             
 discontinued operations in Q2 2024. There was EUR 13 million     
 of profit from discontinued operations in Q2 2025 related to     
 an adjustment to the gain on sale of ASN, compared to a loss     
 of EUR 512 million in Q2 2024, which was mainly related to an    
 impairment charge.                                               
 Earnings per share                                               
 Reported diluted EPS from continuing operations was EUR 0.01     
 in Q2 2025, compared to EUR 0.07 in Q2 2024. Comparable          
 diluted EPS from continuing operations was EUR 0.04 in Q2        
 2025, compared to EUR 0.06 in Q2 2024. Reported diluted EPS      
 from discontinued operations was EUR 0.00 in Q2 2025             
 compared to negative EUR 0.09 in Q2 2024. Reported diluted       
 EPS was EUR 0.02 in Q2 2025, compared to negative EUR 0.03       
 in Q2 202