Ingka Group, the largest IKEA retailer, reported revenue of Euro 41.5 billion for FY25, a decrease of 0.9% from Euro 41.8 billion in the previous year, according to figures released by Ingka Group. The company served more customers, with store visits up 1.3%, online visits increasing 4.6%, and quantities sold rising 1.6%.
Operating income reached Euro 1.5 billion, up 15%, while net profit increased 75% to Euro 1.4 billion, reflecting stronger cost efficiency and stable performance across its retail, investment, and centres divisions. The effective global tax rate stood at 32.8%.
Capital expenditure totaled Euro 3.4 billion, directed toward renewable energy, recycling, and responsible forestry. Ingka Investments has invested and committed Euro 4.3 billion in off-site renewable energy, within a broader Euro 7.5 billion programme to 2030 that also includes forestry and circularity projects. The company continued investing in responsible forestry, maintaining all its owned forestland under sustainable management certification and continuing to manage over 250 thousand hectares across Europe and the Americas, as previously reported in earlier Ingka Group sustainability disclosures.
Europe remained the group’s largest market, generating 73.8% of retail sales, followed by the Americas at 17.2% and Asia-Pacific at 9%. Germany led with 15.4% of total sales, followed by the United States, France, the United Kingdom, and Italy.
Ingka Centres recorded an 18% increase in visitation to 320 million, driven by new locations in Shanghai and Munich. Ingka Retail generated Euro 39 billion in sales, down 1.6% year-on-year, while expanding city stores, pick-up points, and digital platforms to reach more customers.
In February 2025, Ingka Group published its first Net Zero Transition Plan, setting targets to cut absolute greenhouse gas emissions by at least 50% by 2030 and 90% by 2050. Eighty-five percent of net profit is reinvested into the business, while 15% is distributed as a dividend to Stichting INGKA Foundation, which funds the IKEA Foundation’s charitable activities.
