Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 1

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 1
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4 billion, net cash balance of EUR 3.0 billion. |

| · | Operationally,                                                                               
 Nokia's outlook is unchanged for full year 2025. However, a change in venture fund reporting 
 leads to a EUR 0.1 billion revision to the operating profit.(1) As a result                  
 Nokia's comparable operating profit guidance is revised to between EUR 1.7 and 2.2 billion   
 (was between EUR 1.6 and 2.1 billion).                                                       |

(1) In Q3 2025, Nokia changed how it presents gains
and losses from venture fund investments. The comparative financial information has been recast accordingly. Refer to the Financial statements
and the Recast financial information sections in Nokia Corporation Interim Report for Q3 2025 for more information, including full comparative
financial information for each quarter Q1-Q3'24 and Q1-Q2'25.

This is a summary of the Nokia Corporation Interim Report forQ3 2025 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. Investors should not solely rely on summaries of Nokia's financial reports and should also review the complete reports with tables.

JUSTIN HOTARD, PRESIDENT AND CEO, ON Q3 2025 RESULTS

In the following quote, net sales comments and growth rates are referring to comparable net sales and are on a constant currency and portfolio basis. References to margins are related to Nokia's comparable reporting.

We delivered a solid performance in Q3 with net sales growing 9% and
all business groups growing.

Network Infrastructure delivered 11% net sales growth. Optical Networks
grew 19%, coming largely from AI & Cloud customers. Order intake trends in Optical Networks and IP Networks remained strong
with book-to-bill well above 1. Our new 800G ZR/ZR+ pluggables for data center interconnect became generally available and have started
shipping to a large US customer. We are opening a second Indium Phosphide semiconductor fabrication facility in San Jose before the end
of next year to support the growth opportunity we see in our optical components business. In the quarter we also announced an important
strategic partnership with Nscale which will see us become a preferred networking equipment vendor for their data center buildout