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

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 25
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 and related costs, including integration costs.          
 In the first nine months of 2024, the difference between reported and comparable operating          
 profit was primarily related to EUR 323 million of restructuring and associated charges,            
 EUR 235 million of amortization of acquired intangible assets and EUR 83 million related            
 to the impairment and write-off of assets. These were somewhat offset by EUR 186 million            
 related to the divestment of associates and EUR 67 million related to the divestment of businesses. 
 Profit from continuing operations Reported profit from continuing operations in the first           
 nine months of 2025 was EUR 103 million, compared to a profit of EUR 965 million in first           
 nine months of 2024. Comparable profit from continuing operations in the first nine months          
 of 2025 was EUR 713 million, compared to EUR 1 198 million in the first nine months of 2024.        
 The decrease in comparable profit from continuing operations was mainly driven by the lower         
 comparable operating profit, lower net financial income, partially offset by lower income           
 tax expenses. 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 the first nine months of 2025 was mainly due to the increase in            
 financial liability to acquire non-controlling interest in Nokia Shanghai Bell of negative          
 EUR 65 million and a decrease in fair value of Infinera convertible notes of EUR 23 million         
 which were settled in Q2 2025. In the first nine months of 2024, the difference between reported    
 and comparable profit from continuing operations was mainly due to the changes in recognition       
 of deferred tax assets, the fair value reduction of current equity investments related to           
 Vodafone Idea and the divestment of businesses. Profit/loss from discontinued operations            
 Reported profit from discontinued operations in the first nine months of 2025 was EUR 13            
 million, compared to a loss of EUR 494 million in first nine months of 2024. The loss from          
 discontinued operations in the first nine months of 2024 mainly relates to an impairment            
 charge of EUR 514 million in connection with Submarine Networks. Earnings per share Reported        
 diluted EPS from continuing operations was EUR 0.02 in the first nine months of 2025, compared      
 to EUR 0.17 in the first nine months of 2024. Comparable diluted EPS from continuing operations     
 was EUR 0.13 in the