Nokia Oyj Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,462	6,623	6,234	5,467	6,691
Short-Term Investments	961	1,661	1,565	3,080	2,577
Cash & Short-Term Investments	6,423	8,284	7,799	8,547	9,268
Cash Growth	-22.46%	6.22%	-8.75%	-7.78%	14.97%
Accounts Receivable	4,975	5,248	4,921	5,549	5,382
Other Receivables	1,589	1,461	1,900	2,137	2,005
Total Trade Receivables	6,564	6,709	6,821	7,686	7,387
Inventory	2,209	2,163	2,719	3,265	2,392
Other Current Assets	596	831	748	768	550
Total Current Assets	15,792	17,987	18,087	20,266	19,597
Net Property, Plant & Equipment	2,490	2,120	2,857	2,944	2,808
Other Intangible Assets	1,399	802	1,086	1,263	-
Goodwill	5,996	5,736	5,504	5,667	7,051
Long-Term Investments	548	581	803	896	1,001
Other Long-Term Assets	11,372	11,923	11,523	11,907	9,592
Total Assets	37,597	39,149	39,860	42,943	40,049
Accounts Payable	2,978	3,213	3,423	-	3,679
Accrued Expenses	2,738	2,883	2,824	-	3,940
Short-Term Debt	1,084	969	554	-	116
Current Portion of Leases	203	199	198	-	185
Unearned Revenue	1,562	1,506	2,157	-	2,647
Other Current Liabilities	1,439	2,624	1,777	-	1,888
Total Current Liabilities	10,004	11,394	10,933	-	12,101
Long-Term Debt	2,329	2,918	3,637	4,249	4,537
Long-Term Leases	797	664	799	-	824
Other Long-Term Liabilities	3,409	3,426	3,863	-	4,771
Total Long-Term Liabilities	6,535	7,008	8,299	4,249	10,486
Total Liabilities	16,539	18,402	19,232	4,249	22,587
Common Stock	246	246	246	246	246
Treasury Stock	-352	-431	-352	-252	-352
Additional Paid-in Capital	16,533	14,660	15,883	16,125	16,180
Accumulated Other Comprehensive Income	2,683	4,226	3,356	-1,164	3,823
Retained Earnings	1,857	1,956	1,404	1,324	-2,537
Total Common Shareholders' Equity	20,967	20,657	20,537	16,279	17,360
Minority Interest	91	90	91	93	102
Shareholders' Equity	21,058	20,747	20,628	32,651	17,462
Total Liabilities & Equity	37,597	39,149	39,860	36,900	40,049
Total Debt	4,413	4,750	5,188	4,249	5,662
Net Cash (Debt)	2,010	3,534	2,611	4,298	3,606
Net Cash Growth	-43.12%	35.35%	-39.25%	19.19%	128.95%
Net Cash Per Share	0.36	0.64	0.47	0.76	0.63
Book Value	20,967	20,657	20,537	16,279	17,360
Book Value Per Share	3.81	3.74	3.68	2.87	3.05
Tangible Book Value	13,572	14,119	13,947	9,349	10,309
Tangible Book Value Per Share	2.47	2.55	2.50	1.65	1.81

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.