Commitments, contingencies and legal proceedings

12 Months Ended

Dec. 31, 2025

Commitments, contingencies and legal proceedings

Commitments, contingencies and legal proceedings

6.1. Commitments, contingencies and

legal proceedings

Contractual obligations

EURm	Within 1 year	1-5 years	More than 5 years
2025
Purchase obligations	4 264	617	15
Lease commitments(1)	—	101	731
2024
Purchase obligations	2 538	697	3
Lease commitments(1)	9	86	573

(1)Relates to lease contracts that had not yet commenced as at the reporting date.

At 31 December 2025, Nokia has potential undiscounted future

lease payments of EUR 906 million (EUR 812 million in 2024)

relating to extension options not expected to be exercised and

EUR 97 million (EUR 58 million in 2024) relating to termination

options expected to be exercised that are not included in the

lease liability.

Guarantees and financing commitments

The contingent liabilities in the table below represent the

maximum principal amount of guarantees and financing

commitments, and do not reflect management’s expected

outcomes.

EURm	2025	2024
Guarantees on behalf of Group companies
Guarantees issued by financial institutions
Commercial guarantees(1)	943	964
Non-commercial guarantees	431	498
Corporate guarantees(2)
Commercial guarantees(1)	275	263
Non-commercial guarantees	37	33
Financing commitments
Customer finance commitments(3)	7	11
Investment commitments(4)	221	306

(1)Commercial guarantees are guarantees that are issued in the normal course of

business to Nokia’s customers for the performance of Nokia’s obligations under

supply agreements; these include tender bonds, performance bonds and warranty

bonds.

(2)Corporate guarantees are guarantees with a primary obligation that are issued to

Nokia’s customers and other third parties.

(3)Customer finance commitments are available under customer loan facilities.

Availability of the facility depends on the borrower’s continuing compliance with

the agreed financial and operational covenants, and other administrative terms of

the facility. The loan facilities are primarily available to fund purchases of network

infrastructure equipment and services. Refer to Note 4.5. Trade receivables and

other customer-related balances.

(4)As a limited partner in NGP Capital and certain other funds making technology-

related investments, Nokia is committed to capital contributions and entitled to

cash distributions according to the respective partnership agreements and

underlying fund activities.

Legal matters

Accounting policies

Nokia discloses ongoing legal matters that relate to possible obligations whose existence will

be confirmed by the occurrence or non-occurrence of one or more uncertain future events

not wholly within the control of Nokia. These matters are assessed continually to determine

whether an outflow of resources embodying economic benefits has become probable so as to

recognize a provision.

Nokia is and will likely continue to be subject to various legal proceedings that arise from time to

time, including proceedings related to intellectual property, antitrust, commercial disputes, product

liability, environmental issues, tax, health and safety, employment and wrongful discharge, sales

and marketing practices, international trade, securities, privacy matters and compliance. While

management does not expect any of the legal proceedings it is currently aware of to have a

material adverse effect on Nokia’s financial position, litigation is inherently unpredictable, and

Nokia may in the future receive judgments or enter into settlements that could have a material

adverse effect on its results or cash flows.

Litigation and proceedings

Mass labor litigation in Brazil

Nokia is defending against a number of labor claims in various Brazilian labor courts. Plaintiffs are

former employees whose contracts were terminated after Nokia exited from certain managed services

contracts. The claims mainly relate to payments made under, or in connection with, the terminated

labor contracts. Nokia has closed the majority of the court cases through settlement or judgment.

Asbestos litigation in the United States

Nokia is defending approximately 250 asbestos-related matters, at various stages of litigation. The

claims are based on premises liability, products liability, and contractor liability. The claims also

involve plaintiffs allegedly diagnosed with various diseases, including but not limited to asbestosis,

lung cancer, and mesothelioma.

Intellectual property rights litigation

Litigations concluded during the year

In 2023, Nokia commenced patent infringement proceedings against Amazon in several countries in

relation to patents covering video-related technologies implemented in Amazon’s services and

devices. In March 2025, Nokia announced it had signed a patent agreement with Amazon. The

agreement resolves all pending patent litigation between the parties.