Author: admin

Today, Ingka Group* released its FY25** financial performance. In a year marked by economic uncertainty, supply chain challenges, and cost-of-living pressures that impacted consumer confidence across many markets, Ingka Group and its three business areas – IKEA Retail, Ingka Investments and Ingka Centres, reached EUR 41.5 billion in revenue.

Throughout the year, Ingka Group continued to meet more customers where they are, expanding beyond its traditional IKEA stores into new formats, pick-up points and digital channels. With total capital expenditure of EUR 3.4 billion, the company continued to invest in building a more sustainable and resilient business. This included investing in responsible forestry and accelerating investments in recycling companies to bring back materials to the IKEA value chain. In addition, the company continued to invest in renewable energy with new solar parks in the Netherlands and Poland. The year also saw the full acquisition of Ikano Bank offering integrated financial services and supporting IKEA affordability.

IKEA Retail is serving more customers and increasing visits to stores with 1.3% and online visitors by 4.6%. While IKEA Retail delivered sales of EUR 39 billion, a decrease of –1.6% compared with last year (EUR 39.6 billion in FY24), it sold more quantities, up 1.6%, due to a continued focus on keeping prices low. The year brought new customer meeting points in key cities such as Delhi, London and Paris, and fresh ways to blend online and in-store shopping, from the IKEA Pre-owned marketplace to a digitally integrated mixed-use store at IKEA Shanghai Linkong.

“As we look ahead, our commitment to the many people remains stronger than ever by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. Our resilience depends on how well we adapt to the fast-changing world and retail environment, so speed, low cost and simplicity will be important to keep prices low”, added Maeztu.

Ingka Group delivered an operating income of EUR 1.5 billion (FY24: EUR 1.3 billion) with FY25 net profit increasing to EUR 1.4 billion (FY24: EUR 0.8 billion), reflecting balanced performance across the business. Enabled by the company’s unique ownership model, 85% of net profit is reinvested back into the business, while the remaining 15% is paid as a dividend to its sole owner, the Stichting INGKA Foundation, which funds the IKEA Foundation, an independent philanthropy that fights global warming with and for the many people.

In FY25, Ingka Group corporate income tax was EUR 0.7 billion (FY24 EUR 0.8 billion), giving an effective tax rate of 32.8%, globally. The total tax bill, including other taxes and duties such as property, environmental and customs taxes, amounted to approximately EUR 1.2 billion (FY24: EUR 1.2 billion), as outlined in the Ingka Group Tax Report.

Ingka Centres delivered a strong performance, particularly in Europe and China, supported by strategic moves such as the opening of Livat Shanghai, the acquisition of Pasing Arcaden, a major shopping centre in Munich, the launch of Livli as a new European consumer brand, and the announced development of Lykli Noida in India. Visitation across meeting places reached 320 million in FY25, an 18% increase year-on-year.

Ingka Investments, which plays an important role in supporting Ingka Group’s long-term growth and sustainability ambitions, has invested and committed EUR 4.3 billion in off-site renewable energy to date, as part of a EUR 7.5 billion programme to 2030. In FY25 it advanced its circularity agenda, such as mattress and plastics recovery through RetourMatras in France and Re-mall in China.

Reflecting its long-term approach, Ingka Group published its first Net Zero Transition Plan in February 2025, marking an important milestone in its sustainability journey. The plan outlines the company’s roadmap to reduce absolute greenhouse gas emissions from its value chain by at least 50% by 2030 and 90% by 2050, reinforcing its long-term commitment to climate action while continuing to grow the business.

The Ingka Group FY25 Annual Summary & Sustainability Report will be published at the end of January 2026 and will include the company’s progress on sustainability targets, evaluated through the four areas of Value Creation: Better homes, Better lives, Better planet and Better company, reflecting its long-term, integrated approach to creating value for people, society and the planet – building a better everyday life for today and future generations.                                                                                                           

*Ingka Group business areas:

IKEA Retail: Ingka Group is the largest IKEA retailer with IKEA retail operations in 31 markets. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies.

Ingka Centres has 52 years of experience in shopping centres and today works with over 2,600 brands across its portfolio of 37 meeting places in 14 markets.

Ingka Investments is the investment arm of Ingka Group managing six different portfolios: Real Estate Investments, Renewable Energy Investments, Forestland Investments, Business Acquisition and Venture Investments, Circular Investments, and Financial Markets Investments.

**Fiscal year 25: 1 September 2024 – 31 August 2025.

About Ingka Group

With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents 88% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.