Ingka Group, which comprises the largest IKEA retailer IKEA Retail, Ingka Centres and Ingka Investments, has released its FY25 (to 31st August 2025) results, and reports that, "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 … reached €41.5b in revenue".
Throughout the year, Ingka Group continued to expand beyond its traditional IKEA stores into new formats, pick-up points and digital channels. With total capital expenditure of €3.4b, the company continued to invest in building "a more sustainable and resilient business", including investment 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.
Juvencio Maeztu, CEO, Ingka Group (pictured), says: “I’m deeply grateful to the IKEA community for their dedication and commitment managing a challenging year where people continued to feel the impacts of higher living costs and economic uncertainty. Even in this environment, we kept investing in making IKEA more affordable, accessible and sustainable while building long-term resilience. Our ownership structure gives us the independence to make long-term choices with confidence and stay true to our vision of creating a better everyday life for the many people.”
IKEA Retail served more customers, increasing visits to stores by 1.3% and online visitors by 4.6%. While IKEA Retail delivered sales of €39b – a decrease of 1.6%YoY – it sold a higher quantity, up 1.6%, due to "a continued focus on keeping prices low".
The year brought new customer meeting points in Delhi, London and Paris, and fresh blends of 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”, adds Juvencio.
Ingka Group delivered an operating income of €1.5b (from €1.3b in FY24) with FY25 net profit increasing to €1.4b (from €0.8b), 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 philanthropic body.
Reflecting its long-term approach, Ingka Group published its first Net Zero Transition Plan in February, which 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.
