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Consolidated income statement - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Net sales € 19,889 € 19,220 € 21,138
Cost of sales (11,230) (10,356) (12,592)
Gross profit 8,659 8,864 8,546
Research and development expenses (4,855) (4,512) (4,277)
Selling, general and administrative expenses [1] (3,073) (2,872) (2,863)
Other operating income [1] 42 385 224
Other operating expenses 112 105 103
Operating profit/(loss) [1] 885 1,970 1,733
Share of results of associates and joint ventures 19 7 (39)
Finance income [1] 257 434 354
Financial expenses (246) (320) (579)
Profit before tax 915 2,091 1,469
Income tax expense (277) (380) (820)
Profit from continuing operations 638 1,711 649
Profit/(loss) from discontinued operations 22 (427) 30
Profit for the year 660 1,284 679
Attributable to:      
Equity holders of the parent 651 1,277 665
Non-controlling interests € 9 € 7 € 14
Basic      
Profit from continuing operations (in EUR per share) € 0.12 € 0.31 € 0.11
Profit for the year (in EUR per share) 0.12 0.23 0.12
Diluted      
Profit from continuing operations (in EUR per share) 0.11 0.31 0.11
Profit for the year (in EUR per share) € 0.12 € 0.23 € 0.12
[1] In 2025, Nokia changed the presentation of gains and losses from venture fund investments from selling, general and administrative expenses and other operating income to
financial income. The comparative amounts for 2024 and 2023 have been recast accordingly. For more information, refer to Note 1.2. General accounting policies.