Index Living Mall Public Company Limited (ILM) has announced its financial performance for the first half of 2025, demonstrating resilience amid ongoing economic challenges. The company recorded a net profit of THB 391.1 million and total revenue of THB 4,768.6 million. Reflecting confidence in the company’s financial position, the Board of Directors has approved an interim dividend payment of THB 0.25 per share.
Despite expectations that economic conditions will remain sluggish in the second half of the year, ILM remains prepared with proactive strategies to navigate continued market pressures. The company is moving ahead with key business expansions, including the opening of Index Living Mall Chiang Rai in Q3, the development of Little Walk Ramkhamhaeng, and the launch of five new Flying Tiger Copenhagen stores within 2025.
Strong Financial Performance Despite Economic Headwinds
For Q2 2025 (April–June), ILM reported:
Operational revenue: THB 2,288.8 million
Net profit: THB 175.7 million, an increase of 2.6% year‑on‑year (Q2 2024: THB 171.2 million)
Following the Board of Directors’ meeting on 11 August 2025, the company approved an interim dividend for the operating period 1 January – 30 June 2025, at a rate of THB 0.25 per share. ILM will post the XD sign on 26 August 2025, with dividend payment scheduled for 9 September 2025.
Executive Commentary
“The company’s first‑half performance—in both revenue and profit—demonstrates ILM’s organizational strength during a period of significant economic slowdown,” said Ms. Kritchanok.
She added that consumer confidence and purchasing power have been affected by both domestic and global economic pressures. This has had a direct impact on the furniture retail sector, compounded by: intensified competition from low‑priced imported goods via e‑commerce, and a sluggish real estate sector, which has reduced both retail foot traffic and project‑based revenue.
However, ILM’s ability to adjust strategies quickly and comprehensively has enabled the company to maintain profitability. Key actions include: strengthening online sales channels, accelerating new product development, increasing revenue from rental space, implementing effective cost‑control measures
Industry Outlook and ILM’s Strategic Direction
ILM expects the second half of 2025 to face similar pressures as the first half, despite being the traditional high season. Domestic sales may continue to be constrained, and retailers must:
develop high‑functionality products at affordable prices, harness online channels to drive conversions, leverage content and reviews to support purchasing decisions, run targeted promotions, maintain strict cost efficiency, streamline production, and reduce inventory levels
ILM has prepared well in advance and is ready to execute its second‑half business plan. Key initiatives include:
Business Expansion in 2025
Opening Index Living Mall Chiang Rai in Q3 2025
Completing construction of Little Walk Ramkhamhaeng, expected to open within the year
Opening five Flying Tiger Copenhagen stores, following ILM’s exclusive franchise agreement with the renowned Danish lifestyle brand, all located in leading shopping centers in prime urban locations
Technology Enhancement
ILM is investing in technology upgrades, specifically RISE with SAP S/4HANA Cloud for Retail, to improve operational efficiency across all business functions. The system will support: improved internal processes, cost reduction, strengthened Omni‑Channel capabilities and scalable growth
If all initiatives progress as planned, ILM is confident it will meet its full‑year 2025 performance targets.
Commitment to ESG and Sustainability
ILM continues to prioritize sustainability under its long‑term ESG framework, implementing concrete initiatives across multiple dimensions:
Energy Efficiency
Upgrading lighting systems to LED
Improving the cooling tower system at the Chonburi branch
These measures reduce energy consumption and long‑term maintenance costs.
Circular Economy Collaboration
ILM continues its partnership with customers and Wat Chak Daeng on a project that transforms plastic waste into fibers used for monk robes (jivorn) and burial cloths (pamsukul)—a socially impactful circular‑economy initiative.
These efforts reinforce ILM’s commitment to conducting business responsibly and advancing its mission toward “Sustainable Living for Future Lifestyle.”