Nokia Oyj (FRA:NOA3)

Nokia Oyj Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	19,748	19,220	21,138	23,761	22,202	21,852
Revenue Growth (YoY)	5.88%	-9.07%	-11.04%	7.02%	1.60%	-6.28%
Cost of Revenue	11,042	10,201	12,439	13,575	13,368	13,659
Gross Profit	8,706	9,019	8,699	10,186	8,834	8,193
Selling, General & Admin	2,764	2,575	2,552	2,817	2,766	2,898
Research & Development	4,672	4,377	4,216	4,466	4,214	4,087
Other Operating Expenses	-15	-110	-64	198	59	192
Operating Expenses	7,421	6,842	6,704	7,481	7,039	7,177
Operating Income	1,285	2,177	1,995	2,705	1,795	1,016
Interest Expense	-371	-327	-357	-220	-206	-244
Interest & Investment Income	213	300	220	81	49	68
Earnings From Equity Investments	17	7	-39	-26	9	22
Currency Exchange Gain (Loss)	39	39	-98	-83	-15	-3
Other Non Operating Income (Expenses)	-79	-80	-12	-82	-50	20
EBT Excluding Unusual Items	1,104	2,116	1,709	2,375	1,582	879
Merger & Restructuring Charges	-106	-429	-352	-168	-	-
Impairment of Goodwill	-	-	-	-	-	-200
Gain (Loss) on Sale of Investments	102	239	-56	-40	188	61
Gain (Loss) on Sale of Assets	81	165	168	2	66	3
Asset Writedown	83	-	-	-	-	-
Legal Settlements	-	-	-	-	90	-
Pretax Income	1,264	2,091	1,469	2,169	1,926	743
Income Tax Expense	416	380	820	-2,033	272	3,256
Earnings From Continuing Operations	848	1,711	649	4,202	1,654	-2,513
Earnings From Discontinued Operations	80	-427	30	57	-9	-3
Net Income to Company	928	1,284	679	4,259	1,645	-2,516
Minority Interest in Earnings	1	-7	-14	-9	-22	-7
Net Income	929	1,277	665	4,250	1,623	-2,523
Net Income to Common	929	1,277	665	4,250	1,623	-2,523
Net Income Growth	124.40%	92.03%	-84.35%	161.86%	-	-
Shares Outstanding (Basic)	5,391	5,476	5,549	5,614	5,630	5,612
Shares Outstanding (Diluted)	5,501	5,552	5,549	5,667	5,684	5,612
Shares Change (YoY)	-0.10%	0.05%	-2.07%	-0.31%	1.28%	-0.25%
EPS (Basic)	0.17	0.23	0.12	0.76	0.29	-0.45
EPS (Diluted)	0.16	0.23	0.12	0.75	0.29	-0.45
EPS Growth	115.95%	91.94%	-84.02%	160.17%	-	-
Free Cash Flow	1,289	2,021	665	873	2,065	1,280
Free Cash Flow Per Share	0.23	0.36	0.12	0.15	0.36	0.23
Dividend Per Share	0.140	0.140	0.130	0.120	0.080	-
Dividend Growth	7.69%	7.69%	8.33%	50.00%	-	-
Gross Margin	44.09%	46.92%	41.15%	42.87%	39.79%	37.49%
Operating Margin	6.51%	11.33%	9.44%	11.38%	8.09%	4.65%
Profit Margin	4.70%	6.64%	3.15%	17.89%	7.31%	-11.55%
Free Cash Flow Margin	6.53%	10.51%	3.15%	3.67%	9.30%	5.86%
EBITDA	2,142	2,968	2,866	3,845	2,676	1,925
EBITDA Margin	10.85%	15.44%	13.56%	16.18%	12.05%	8.81%
D&A For EBITDA	857	791	871	1,140	881	909
EBIT	1,285	2,177	1,995	2,705	1,795	1,016
EBIT Margin	6.51%	11.33%	9.44%	11.38%	8.09%	4.65%
Effective Tax Rate	32.91%	18.17%	55.82%	-	14.12%	438.22%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.