Nokia Corporation filed its 2025 annual report, showing net sales of EUR 19 889 million, around 3% growth, and about EUR 2 billion in comparable operating profit with EUR 1.5 billion of free cash flow. R&D spending reached EUR 4.9 billion, and total greenhouse gas emissions fell 27% from a 2019 base year.
The company closed its EUR 2.5 billion acquisition of Infinera to scale Optical Networks and deepen reach with AI & Cloud customers, and NVIDIA agreed to invest USD 1 billion as part of a strategic AI-RAN partnership. Orders from AI & Cloud customers totaled EUR 2.4 billion in 2025.
Nokia introduced a new AI-focused strategy, simplified into two operating segments—Network Infrastructure and Mobile Infrastructure—from 1 January 2026, and targets EUR 2.0–2.5 billion of comparable operating profit in 2026. The Board proposes authority to distribute up to EUR 0.14 per share, with 5 742 239 696 shares outstanding at year-end.
Nokia Corporation reported that investment firm FMR LLC has crossed a key ownership threshold in the company. As of 2 March 2026, FMR LLC’s indirect holdings reached 5.04% of Nokia’s shares and 4.83% of its voting rights.
Nokia has 5,742,239,696 shares outstanding, each carrying one vote. The notification was made under Chapter 9 of the Finnish Securities Market Act, which requires disclosure when major shareholders pass specified ownership levels.
Nokia Corporation filed a Form 6-K detailing share purchases by three senior managers under EU Market Abuse Regulation. On 19 February 2026, David Heard acquired 251 shares, Louise Fisk acquired 174 shares, and Raghav Sahgal acquired 2,391 shares on NASDAQ Helsinki at a unit price of 6.3015 per share.
Each transaction is reported as an initial notification and the trades are categorized as acquisitions of Nokia shares, highlighting direct equity exposure for these managers.
Nokia Corporation filed a Form 6-K detailing share transactions by senior manager David Heard under EU Market Abuse Regulation. On 16 February 2026, Heard executed multiple market disposals of Nokia shares across several trading venues.
The transactions totaled 275,000 shares of Nokia stock (ISIN FI0009000681) at a total volume‑weighted average price of €5.9457 per share. Individual trades were carried out on venues including AQEA, BATF, BEUP, MSIP, UBSY and XTXE.
Nokia Corporation filed a Form 6-K outlining two equity-related actions. First, senior manager David Heard received a share-based incentive of 352,752 Nokia shares, recorded as a transaction outside a trading venue under the EU Market Abuse Regulation.
Second, Nokia transferred 2,622,652 own shares held by the company, without consideration, to participants in its equity-based incentive plans, based on a prior Board resolution. After this transfer, Nokia held 139,291,855 own shares, clarifying the impact of incentive settlements on its treasury share balance.
Nokia Corporation has called its Annual General Meeting for 9 April 2026 in Helsinki, with shareholders able to attend in person or vote in advance. The agenda covers approval of 2025 accounts, discharge of directors and adoption of the 2025 remuneration report.
The Board proposes that no dividend be decided directly at the meeting. Instead, it seeks authorization to distribute up to EUR 0.14 per share in total as dividend and/or from the reserve for invested unrestricted equity, potentially in four installments between 2026 and early 2027.
The Board also asks for two major authorizations: to repurchase up to 550 million shares, and to issue up to 550 million shares or share-linked rights, each less than 10% of Nokia’s 5,742,239,696 shares and effective until 8 October 2027. Routine items include Board elections, auditor and sustainability assurer appointments, and detailed participation instructions for Finnish, nominee-registered and ADR holders.
Nokia Corporation filed a Form 6-K detailing manager transactions under EU Market Abuse rules. Board member Timo Ihamuotila acquired a total of 100 000 Nokia shares on 30 January 2026 across several trading venues.
The transactions were executed at a total volume weighted average price of 5,3740 EUR per share, with individual trades reported on venues including NASDAQ Helsinki and multiple European multilateral trading facilities.
Nokia Corporation is reorganizing its business from 1 January 2026 into three operating segments – Network Infrastructure, Mobile Infrastructure and Portfolio Businesses – plus Group Common and Other, and has published recast comparative segment figures for 2025 and 2024.
Under the new structure, 2025 net sales were EUR 7,646 million for Network Infrastructure and EUR 11,409 million for Mobile Infrastructure, compared with EUR 6,285 million and EUR 12,191 million respectively in 2024. Portfolio Businesses generated 2025 net sales of EUR 845 million versus EUR 717 million in 2024. Network Infrastructure delivered a 2025 operating profit of EUR 770 million with a 10.1% operating margin, while Mobile Infrastructure reported EUR 1,525 million operating profit and a 13.4% margin. Portfolio Businesses remained loss-making with a 2025 operating loss of EUR 90 million.
The company notes that reported or comparable results for the Nokia Group are unchanged by this new reporting structure, which is intended to align with its AI-era connectivity strategy and highlight Network Infrastructure as a growth segment.
Nokia Corporation outlines key proposals for its 2026 Annual General Meeting, scheduled for 9 April 2026 in Helsinki. The Board plans a leadership transition, with Chair Sari Baldauf stepping down and current director Timo Ihamuotila proposed as the new Chair, and Meredith Whittaker proposed as a new Board member.
The Board proposes keeping Board and committee fees at current levels, with about 40% of annual fees paid in Nokia shares. It also seeks authorization to distribute an aggregate maximum of EUR 0.14 per share as dividend and/or from the reserve for invested unrestricted equity, potentially in four installments through early 2027.
Nokia further proposes re-electing Deloitte Oy as both auditor and sustainability reporting assurer for the 2027 financial year. The Board requests authority to issue and to repurchase up to 550 million shares, less than 10% of total shares, for capital structure management, incentive plans, transactions, or cancellation.
Nokia reported Q4 2025 results broadly in line with its expectations, with modest growth but weaker profitability. Q4 net sales rose to EUR 6.1 billion, up 2% year-on-year, while reported operating profit fell to EUR 540 million and margin to 8.8% as costs increased.
For full year 2025, net sales grew to EUR 19.9 billion, but reported operating profit dropped to EUR 885 million from 1.97 billion, and diluted EPS declined to 0.12 from 0.23. Comparable operating profit was EUR 2.0 billion, with margin of 10.2%.
Network Infrastructure was the standout, with Q4 net sales of EUR 2.4 billion, up 19% reported, supported by strong Optical Networks and AI and cloud demand. Mobile Networks grew 6% in Q4, while Cloud and Network Services and Nokia Technologies saw lower sales.
The Board proposes authorization to distribute up to EUR 0.14 per share for the 2025 financial year and has declared a EUR 0.03 fourth installment dividend for 2024. Net cash and interest-bearing financial investments declined to EUR 3.4 billion, partly reflecting a EUR 0.5 billion cash outflow from taking full ownership of Nokia Shanghai-Bell in China.
For 2026, Nokia targets EUR 2.0–2.5 billion in comparable operating profit, 6–8% Network Infrastructure net sales growth, capital expenditures of EUR 900–1,000 million, and free cash flow conversion of 55–75%, while pursuing EUR 400 million in recurring gross cost savings.