The Revenues column shows the total revenues for all Inter IKEA Group companies. This differs from the revenues reported in our annual report as it also includes the intercompany revenues from transactions with other Inter IKEA Group companies.

The main sources of revenues for each of the three core businesses are as follows:

• Retail Concept mainly generates revenues from making parts of the IKEA Concept available (e.g. to IKEA franchisees for a franchise fee of 3% on net sales) and operating the IKEA Delft store, the Netherlands. These revenues are reported by Inter IKEA Systems B.V. in the Netherlands.
• Range generates revenues from developing the IKEA range and IKEA products. These revenues are mainly reported by IKEA of Sweden AB in Sweden.
• Supply generates revenues from the sale of IKEA products and components. These revenues are mainly reported by IKEA Supply AG in Switzerland.

The Profit column shows the sum of the result before income tax and is mainly concentrated in the jurisdictions where the leadership and central functions of the core businesses are located, which are the Netherlands, Sweden and Switzerland.

We have also included a column for assets in the country-by-country report to provide additional insight into our business activities in the individual jurisdictions.

The Assets column contains the book value of our assets at the end of FY25. This includes intangible, tangible and current assets, but excludes financial assets such as cash and cash equivalents. The assets with the highest book value are:

The assets with the highest book value are:

• IKEA brand: All intellectual property rights related to the IKEA brand are owned by Inter IKEA Systems B.V. in the Netherlands. Most activities of Inter IKEA Systems B.V. are centered around the protection and further development of the IKEA brand and the IKEA Concept.
• Inventories: The main assets of the wholesale companies are the inventories of IKEA products. The vast majority of the inventories is directly owned by IKEA Supply AG based in Switzerland.

The Employees column shows the full-time equivalent (FTE) number of employees as an average for the financial year.

The Accumulated earnings column includes the sum of the accumulated earnings of all Inter IKEA Group entities resident in the relevant jurisdiction.

The columns Tax accrued and Tax paid include the total amount of corporate income tax (plus withholding taxes) accrued and paid in FY25:

• Tax accrued reflects the current corporate income tax expense recorded for the taxable profit of FY25. This amount is different from the total tax expense reported in our annual report as it does not include deferred taxes or corrections for prior years.
• Tax paid relates to corporate income tax payments made during FY25. This amount matches the tax paid in the cash flow statement of our annual report.

The production activities relate to forestry, sawmills, board material, wood components and furniture.