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Ikano Philippines Inc (Philippines)

Main Activities: Nonstore Retailers
Full name: Ikano Philippines Inc Profile Updated: February 03, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Ikano Philippines Inc is the Philippine retail operator of IKEA, the global home-furnishings brand known for ready-to-assemble furniture and Scandinavian design. As part of Ikano Retail, a franchisee group that manages IKEA stores in Southeast Asia and other regions, the Philippine operation opened the country's first IKEA store in Pasay City, which is also one of the largest IKEA stores in the world. Ikano Philippines manages the retail operations, e-commerce fulfillment, distribution, and customer-service functions for IKEA products in the country. The company's offerings include furniture, home furnishings, décor, storage solutions, kitchen systems, and lifestyle products, complemented by services such as home delivery, assembly, and planning consultations. Key assets include its flagship store, multi-level warehouse and distribution facilities, online platform, and integration with Ikano Retail's global supply chain. Strategically, Ikano Philippines aims to make modern, functional home solutions accessible to Filipino households while expanding IKEA's presence through omnichannel retailing, large-scale logistics, and sustained brand engagement.

Legal Address
Marina Way, Mall of Asia Complex, Barangay 76 Zone 10 CBP-IA, Pasay City
Pasay; National Capital Region; Postal Code: 1300

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Website: http://http./www.ikea.ph

Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
February 15, 2017
Key Executives
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Chairman/President
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Other
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Other
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Corporate Secretary
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Assistant Corporate Secretary
Ownership Details
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100%
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Company Performance
Financial values in the chart are available after Ikano Philippines Inc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
2.52%
Total operating revenue
3.49%
Operating profit (EBIT)
-23.41%
EBITDA
-23.41%
Net Profit (Loss) for the Period
N/A
Total Assets
-1.51%
Total Equity
-22.02%
Operating Profit Margin (ROS)
-2.08%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt/Equity
273.54%
Quick Ratio
0.3%
Cash Ratio
0.11%

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