Sweden’s Inter Ikea, the company that supplies furniture to Ikea stores worldwide, reported a 26% drop in annual operating profit due to higher costs linked to U.S. tariffs. For the fiscal year ending August 31, 2025, operating profit fell to EUR 1.7 billion, compared with EUR 2.3 billion a year earlier. Revenue eased slightly to EUR 26.3 billion from EUR 26.5 billion, as the company cut prices to attract customers. Inter Ikea said in a statement that commodity and logistics costs rose in the second half of the year, following uncertainties related ...
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