It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements preceded by "believe", "expect", "expectations", "commit", "anticipate", "foresee", "see", "target", "estimate", "designed", "aim", "plan", "intend", "influence", "assumption", "focus", "continue", "p ...

Financial Performance Highlights - Nokia reported strong net sales growth of 9% in Q3 2025[8], reaching EUR 48 billion[52] - The company's Q3 2025 gross margin was 442%[23] - Q3 2025 free cash flow (FCF) was EUR 04 billion[23] - Nokia's Q3 2025 net cash stood at 9%[23] Segment Performance - Network Infrastructure net sales increased by 11% year-over-year to EUR 1953 million[29], driven by Optical Networks which grew by 19%[32] - Cloud and Network Services net sales grew by 13% year-over-year to EUR 645 million[36] - Mobile Networks net sales saw a 4% increase year-over-year to EUR 1842 million[41] - Nokia Technologies net sales increased by 14% year-over-year to EUR 391 million[47] Strategic Progress - Net sales from AI & Cloud accounted for 6% of Nokia's total net sales in Q3 2025[10, 12] - Nokia is on track to achieve its full-year 2025 outlook, targeting the mid-point of its operating profit outlook range of EUR 17 billion to EUR 22 billion[8, 19] - Nokia Technologies maintains a contracted annual net sales run-rate of approximately EUR 14 billion[50]