Index Living Mall Public Company Limited (ILM) announced its Q3/2025 performance, reporting a net profit of THB 182 million, an increase of 3.7%, with total revenue of THB 2,471 million, up 8.0% quarter-on-quarter. For the nine-month period, ILM recorded a net profit of THB 573 million. The newly opened Index Living Mall Chiang Rai and Little Walk Ramkhamhaeng projects delivered strong performance, helping support revenue growth. The company also plans to expand the Flying Tiger Copenhagen franchise to six branches by year-end.
Ms. Kridsanok Patamasatyasanti, Managing Director of Index Living Mall Public Company Limited, Thailand’s leading furniture and home décor retail business, stated that ILM achieved positive momentum from launching two new projects—Index Living Mall Chiang Rai, targeting customers in the northern region and tourists, and Little Walk Ramkhamhaeng, which has been well received. As a result, Q3/2025 operating revenue continued to grow, reaching THB 2,471.5 million (up 8.0% from the previous quarter), with net profit of THB 182.2 million (up 3.7%). For the nine-month period of 2025, operating revenue totaled THB 7,240.1 million, resulting in a net profit of THB 573.3 million, similar to last year.
She added that ILM has continued to achieve revenue and profit growth despite challenges in the furniture retail market, including weak consumer purchasing power, a slowdown in the condominium and housing sector, decreased demand for home décor, and intensified competition from low-cost imported furniture on e-commerce platforms. Through proactive initiatives—expanding branches, diversifying product offerings, increasing rental spaces, enhancing multi-channel sales, and effective cost management—ILM successfully maintained its profitability.
Looking ahead to Q4/2025, even with high-season demand and government stimulus measures, consumer purchasing power is expected to recover slowly due to household debt burdens, cost of living pressures, and a sluggish real estate market. These factors may impact purchasing decisions for furniture and home décor items. The influx of low-cost imported products further intensifies competition, requiring businesses to adjust strategies to retain customers and expand target segments.
ILM has prepared a strategic year-end business plan centered on offering products that deliver functionality, design, and value—aligning with current consumer behaviors. The company is also accelerating the expansion of Flying Tiger Copenhagen, the globally recognized Danish lifestyle brand known for its unique designs, affordability, and signature shopping experience. ILM will complete six branch openings by year-end at: Emsphere, Index Living Mall Pattaya, Fashion Island, The Mall Bangkapi, Seacon Square Srinakarin, and Platinum Fashion Mall. These expansions are expected to contribute strongly to ILM’s full-year performance.
Under its ESG framework, ILM continues to implement environmental, social, and governance initiatives. Environmentally, the company focuses on reducing plastic use, waste sorting, and responsible energy consumption. Socially, ILM supports northern flood-affected communities by helping restore schools in Chiang Rai and Nan through donations of furniture and lighting equipment. In governance, ILM achieved an “Excellent (5-Star)” rating in the 2025 Corporate Governance Report (CGR) by the Thai Institute of Directors (IOD), reaffirming its commitment to transparency, fairness, accountability, and stakeholder consideration. These achievements reflect ILM’s dedication to sustainable and responsible business practices.
