The 2025 UEFA Nations League final was a football match that determined the winners of the final tournament of the 2024–25 UEFA Nations League. It was the fourth final of the international football competition involving the men's national teams of the member associations of UEFA. The match was held on 8 June 2025 at the Allianz Arena in Munich, Germany, between Portugal and defending champions Spain. It was the first Iberian final and first final contested between two former winners of the competition.

Portugal won the match 5–3 on penalties, following a 2–2 draw after extra time, for their second UEFA Nations League title. In doing so, they became the first team to win multiple Nations League titles.

This was the final match and trophy for Portuguese forward Diogo Jota, who died in a car accident less than a month later on 3 July 2025.

This match was the first UEFA Nations League final featuring two past finalists, with Portugal winning the inaugural final in 2019 over the Netherlands and Spain playing in the two finals afterwards; they lost their first in 2021 against France before winning over Croatia on penalties two years later.

This was the 41st Iberian Derby, with Spain winning 17, drawing 17, and Portugal winning six.

The Allianz Arena was chosen by the German Football Association as one of the two venues for the Nations League Finals, along with the MHPArena. The stadium, which opened in 2005, is the home stadium of Bayern Munich, and hosted matches at the 2006 FIFA World Cup, UEFA Euro 2020 and UEFA Euro 2024. The stadium had just hosted the UEFA Champions League final eight days before this match, in which four Portuguese players—Gonçalo Ramos, João Neves, Vitinha, and Nuno Mendes—and one Spanish player (Fabián Ruiz) won the UEFA Champions League title with Paris Saint-Germain.

Note: In all results below, the score of the finalist is given first (H: home; A: away; N: neutral).

In the 21st minute Spain went in front when Martín Zubimendi slotted into an empty net from close range after Lamine Yamal's ball into the box from the right caused confusion in the Portuguese defence. It was 1–1 in the 26th minute when Nuno Mendes scored with a low finish to the right corner from the left of the penalty area. Just before half-time, Mikel Oyarzabal finished low to the left corner after a pass from Pedri to put Spain back in front. Cristiano Ronaldo equalised in the 61st minute with a right foot volley finish after a deflected cross from Nuno Mendes from the left fell to him from close range. The match went to extra-time and finished 2–2 with the game going to a penalty shoot-out. All penalties were scored until Álvaro Morata saw his effort to the left saved by Diogo Costa. Rúben Neves then scored low to the left corner to win the game for Portugal 5–3 on penalties.