Inter IKEA Holding (IKEA) Q4 2025 earnings summary

Executive summary

• FY25 total retail sales reached EUR 44.6 billion, down 1.0% year-over-year, mainly due to lower prices, but sales volumes increased by 2.6%.

• 915 million store visits marked a 1.9% increase, with online sales comprising 28% of turnover.

• 66 new sales locations opened globally, including expansion into Panama, Costa Rica, and upcoming entry into New Zealand.

Financial highlights

• Total revenues were EUR 26.3 billion, slightly down from EUR 26.5 billion in FY24.

• Operating income fell to EUR 1.7 billion from EUR 2.3 billion year-over-year.

• Net profit declined to EUR 1.5 billion from EUR 2.2 billion in FY24.

• Gross profit margin dropped to 14.2% from 16.0% in FY24.

• Operating expenses increased due to Baltic acquisitions, sustainability, digital investments, and inflation.

Outlook and guidance

• Continued focus on affordability and volume growth, with ongoing investments in sustainability and digital capabilities.

• Expansion into new markets and formats to meet evolving customer needs.