Our Year: Ikano Retail FY25 Annual Report

IKEA coworkers at the Chiang Mai order point opening

Corporate News17 December 2025

Finding strength in uncertain times

Our FY25 Annual Report looks back at a year where we faced global challenges head-on while staying true to our promise: improving our omnichannel retail model, keeping prices low, and creating vibrant destinations for the many.

Our FY25 annual report looks back at stories of resilience and growth, from record-breaking visitation at our Ikano Centres, record sales in the Philippines, new services in Singapore and Malaysia, and expansion in Mexico and Thailand.

Click here for our FY25 Annual Report

About Ikano Retail

Ikano Retail is one of 12 IKEA franchisees. We create a better everyday life in Singapore, Malaysia, Thailand, Mexico and the Philippines by offering well-designed, functional home furnishing products at prices so low that as many people as possible are able to afford them. Our Ikano Centres, anchored by IKEA, are retail destinations at the heart of our communities. We also invest in real estate to develop places for people to live, work and play. We are the only franchisee owned by the family of Ingvar Kamprad, who founded IKEA in 1943.