Nokia Balance Sheet (2009-2025) | NOK

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Balance Sheet	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Dec2022	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Dec2025
Assets
Current Assets
Cash & Equivalents (Quarter)	5.34B	5.37B	6.73B	7.01B	8.07B	7.78B	7.90B	8.32B		7.86B	7.61B	6.22B	5.81B		7.09B		7.80B		7.54B	6.22B
Short-term Investments (Quarter)	0.39B	-0.48B	0.09B	1.50B	1.76B	2.13B	0.24B	4.20B	4.20B	4.89B	0.23B	3.50B	2.12B	3.37B	1.78B	2.73B	2.12B	6.21B	1.89B	1.09B
Cash & Current Investments (Quarter)	5.73B	4.89B	6.82B	8.51B	9.83B	9.91B	8.14B	12.52B	4.20B	12.75B	7.84B	9.73B	7.93B	3.37B	8.87B	2.73B	9.92B	6.21B	9.43B	7.31B
Receivables - Net (Quarter)	5.44B	5.16B	5.72B	5.50B	5.32B	4.71B	6.26B	5.15B		5.19B	6.12B	6.31B	6.09B		5.60B		4.06B		5.97B	5.66B
Receivables - Other (Quarter)	1.95B	1.91B	0.03B	1.51B	1.36B	1.57B	0.04B	1.31B		1.40B	0.05B	0.04B	0.97B		0.02B		1.06B		0.87B	0.89B
Receivables (Quarter)	7.38B	7.08B	5.74B	7.01B	6.68B	6.28B	6.30B	6.46B		6.59B	6.18B	6.36B	7.07B		5.62B		5.13B		6.84B	6.55B
Raw Materials (Quarter)			0.72B				0.63B				0.77B	1.22B
Work In Process (Quarter)			1.46B
Finished Goods (Quarter)			1.43B				1.07B				1.18B	1.56B
Inventory (Quarter)	4.10B	4.14B	0.57B	3.22B	3.26B	3.12B	2.55B	2.58B		2.82B	2.72B	3.72B	3.77B		3.09B		2.82B		2.46B	2.51B
Prepaid Assets (Quarter)	1.29B	1.24B	1.03B	1.00B	0.97B	1.07B	0.97B	0.97B		0.99B
Current Assets (Quarter)	18.97B	18.89B	19.13B	19.05B	20.01B	19.82B	20.73B	20.63B		21.74B	22.30B	23.06B	21.01B		20.58B		19.56B		20.47B	17.97B
Non-Current Assets
Property, Plant & Equipment (Net) (Quarter)			2.11B				2.03B				2.19B	2.29B	2.23B		2.22B		1.55B		24.08B	1.79B
Long-Term Investments (Quarter)	0.85B	0.87B	0.19B	0.83B	0.78B	0.75B	0.85B	0.94B		0.81B	0.86B	0.23B	0.98B		0.10B		0.50B		0.52B	0.42B
Goodwill (Quarter)	0.58B	-0.10B	1.09B	-0.08B	-0.56B	-1.08B	0.69B	-0.95B		-0.77B	2.49B	6.45B	-0.05B		6.26B		0.01B		6.53B	6.82B
Intangibles (Quarter)			9.05B				8.00B				1.84B	1.44B	1.29B		1.24B		1.09B		0.91B	1.59B
Goodwill & Intangibles (Quarter)	0.58B	-0.10B	10.15B	-0.08B	-0.56B	-1.08B	8.69B	-0.95B		-0.77B	4.34B	7.89B	1.24B		7.50B		1.11B		7.44B	8.42B
Long-Term Deferred Tax (Quarter)	5.99B	6.18B	7.75B	5.81B	5.70B	5.51B	4.16B	1.85B		1.16B	1.48B	7.47B	4.30B		7.12B		4.20B		6.77B	4.15B
Other Non-Current Assets (Quarter)	0.47B	0.46B	0.07B	0.51B	0.51B	0.44B	0.05B	0.39B		0.38B	0.05B	1.23B	1.19B		1.25B		1.26B		1.35B	1.22B
Non-Current Assets (Quarter)	25.32B	25.62B	12.20B	26.19B	25.02B	24.34B	10.94B	21.30B		22.66B	11.22B	11.24B	25.36B		24.69B		23.72B		24.08B	24.81B
Assets (Quarter)	44.30B	44.51B	44.53B	45.24B	45.03B	44.16B	41.18B	41.94B		44.39B	45.57B	48.87B	46.37B		45.36B		44.22B		44.55B	42.78B
Liabilities
Current Liabilities
Accounts Payables (Quarter)	4.43B	4.39B	4.31B	3.61B	3.70B	3.60B	3.61B	3.54B		3.68B	4.19B	5.38B	4.84B		3.90B		3.30B		3.66B	3.39B
Notes Payables (Quarter)
Payables (Quarter)	4.43B	4.39B	4.31B	3.61B	3.70B	3.60B	3.61B	3.54B		3.68B	4.19B	5.38B	4.84B		3.90B		3.30B		3.66B	3.39B
Accumulated Expenses (Quarter)	3.97B	3.95B	1.41B	3.76B	3.40B	3.45B	1.55B	4.11B		4.19B	2.03B	1.90B					0.19B
Other Accumulated Expenses (Quarter)	0.50B	0.46B	0.38B	0.39B									3.15B		3.21B		2.75B
Short term Debt (Quarter)	0.38B	0.47B	0.33B	0.95B	0.86B	0.76B	0.64B	0.13B		0.63B	0.13B	0.26B	0.67B		0.63B		1.06B		1.90B	0.36B
Current Leases (Quarter)	0.25B	0.27B	0.29B	0.27B	0.26B	0.24B	0.22B	0.24B		0.23B	0.21B	0.21B	0.22B		0.23B		0.24B		0.23B	0.23B
Current Taxes (Quarter)	0.24B	0.20B	0.21B	0.21B	0.18B	0.19B	0.21B	0.19B		0.17B	0.23B	0.21B	0.22B		0.23B		0.19B		0.24B	0.39B
Current Deferred Revenue (Quarter)	2.97B	2.91B	3.13B	3.30B	3.21B	2.96B	2.72B	2.89B		2.87B	2.61B	2.25B	2.18B		2.45B		2.11B		1.71B	1.78B
Curent Deferred Tax Liability (Quarter)
Total Current Liabilities (Quarter)	14.12B	14.10B	13.72B	13.87B	13.30B	12.94B	13.38B	12.89B		13.56B	13.77B	14.54B	13.09B		12.44B		11.28B		12.97B	11.38B
Non-Current Liabilities
Non-Current Debt (Quarter)	4.49B	4.62B	4.53B	4.73B	5.90B	5.80B	5.71B	5.73B		5.15B	5.16B	4.84B	4.08B		4.14B		3.13B		3.32B	2.65B
Non-Current Deffered Revenue (Quarter)	0.90B	0.85B	0.70B	0.75B	0.71B	0.66B	0.64B	0.58B		0.55B	0.40B	0.14B			0.24B				0.21B	0.33B
Pension (Quarter)	5.41B	5.57B	0.05B	4.98B	5.16B	5.00B	0.05B	4.32B		3.99B	0.05B	2.80B	2.73B		2.62B				2.37B	2.22B
Minority Interest (Quarter)	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B		0.11B			0.11B		0.10B		0.11B
Liabilities from Discontinued Operations (Quarter)																	0.91B
Non-Current Deferred Tax Liability (Quarter)	0.33B	0.37B	0.44B	0.37B	0.27B	0.25B	2.38B	0.32B		0.31B	3.25B	0.38B	0.39B		0.83B		0.76B		3.31B	3.16B
Operating Leases (Quarter)	0.85B	0.84B	0.88B	0.82B	0.83B	0.82B	0.82B	0.94B		0.95B	0.94B	0.98B	0.95B		0.91B	-0.14B	0.82B		0.76B	0.91B
Other Non-Current Liabilities (Quarter)	0.95B	0.90B	0.74B	0.81B	0.83B	0.80B	0.91B	0.91B		0.89B		0.12B	0.11B		0.13B		0.12B		0.13B	0.17B
Total Non-Current Liabilities (Quarter)	13.81B	13.99B	13.28B	13.16B	14.29B	13.90B	13.52B	13.38B		12.18B	11.93B	9.95B	9.06B		9.44B		8.11B		7.97B	7.44B
Total Liabilities (Quarter)	44.30B	44.51B	27.00B	45.24B	45.03B	44.16B	26.91B	41.94B		44.39B	25.70B	24.49B	46.37B		21.89B		44.22B		20.94B	18.82B
Shareholder's Equity
Total Debt (Quarter)	4.88B	5.10B	4.87B	5.68B	6.76B	6.56B	6.35B	5.86B		5.78B	5.29B	5.09B	4.75B		4.77B		4.19B		5.22B	3.01B
Common Equity (Quarter)	16.28B	16.33B	17.53B	18.12B	17.34B	17.23B	14.28B	15.57B		18.54B	19.87B	24.28B	24.21B		23.37B		23.92B		23.51B	23.86B
Liabilities and Shareholders Equity (Quarter)	44.30B	44.51B	44.53B	45.24B	45.03B	44.16B	41.18B	41.94B		44.39B	45.57B	48.87B	46.37B		45.36B		44.22B		44.55B	42.78B
Treasury Shares (Quarter)			0.04B				0.04B				0.05B	0.05B			0.10B				0.26B	0.18B
Retained Earnings (Quarter)	2.25B	-2.48B	-1.84B	-1.97B	-1.87B	-1.65B	-4.71B	-4.42B		-3.64B	-2.89B	1.56B	1.90B		1.60B		1.49B		2.23B	2.11B

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Nokia Balance Sheet (2009-2025) | NOK

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Nokia Balance Sheet (2009-2025) | NOK

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