CP Axtra Public Company Limited (SET: CPAXT) has announced 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss)
Million Baht |
2,643.19 | 2,481.35 |
| Earning Per Share
(Baht) |
0.2500 | 0.4700 |
| % Change | 6.52 | |
CPAXT reported a net profit in 1Q25 of Baht 2,643.19 million, an increase of Baht 161.84 million or 6.52% compared to the previous quarter. This enhancement was primarily driven by higher sales, increased gross profit, improved cost efficiency from post-amalgamation synergies, and reduced finance costs. Excluding the Adjustment, the net profit would have increased by 10.3% YoY.
In the first quarter of 2025 (1Q25), the company and its subsidiaries reported total revenue of Baht 129,950 million, an increase of Baht 2,930 million or 2.3% year-on-year (YoY). Revenue from sale of goods was Baht 124,749 million, an increase of Baht 3,567 million or 2.9% YoY.
This was driven by a 3.1% YoY increase in revenue from the wholesale business, supported by growth across all business units, mainly from new store openings and out-of-store sales with delivery services to customers (Omni Channel).
Contributing factors included strong performance in the fresh food segment, the company’s private label products, and value-for-money items under the “Exclusive brand”, which are available only at the company’s stores.
Meanwhile, revenue from the retail business grew by 2.7% YoY, driven by a strategic focus on fresh food products, including ready-to-cook items, and Omni Channel sales.
Notably, the proportion of Omni Channel accounted for 20.2% of the company and its subsidiaries’ revenue from sale of goods, continuing to grow significantly in line with the company’s plan. This growth is driven by out-of-store sales via applications, which have been recognized by Euromonitor International, a global leader in market research and data analytics, as the No.1 Grocery E-Commerce platform in Thailand.
Leveraging AI-driven data analytics, the company has effectively expanded its customer base and enabled precise demand. This reinforced CPAXT’s position as a “Leading Retail Tech”, serving as a key catalyst in strengthening its competitive capability and sustainable growth.
Meanwhile, the proportion of distribution costs and administrative expenses to total revenue improved to 13.1%, down from 13.3% in the same quarter of the previous year. The proportion of distribution costs and administrative expenses for the wholesale and retail businesses was 9.9% and 17.0%, respectively.
Tanin Buranamanit, CEO of CPAXT, revealed that the company continued to deliver robust growth in the first quarter of 2025, in line with its strategic business plan. The company has focused on increasing the proportion of revenue from its own private label products, highlighting quality at a great value across all product categories.
In addition, CPAXT plans to further expand its range of ready-to-cook and ready-to-eat (RTC–RTE) food products. This endeavor will be advanced through collaborations with renowned chefs and leading brands both domestically and internationally, aiming to deliver unique experiences and comprehensively meet the needs of both consumers and business operators.
Looking ahead to the end-2025, the company is committed to accelerating growth through all distribution channels, particularly via online and off-store sales. It will also continue to invest in technology and platform development.
Notably, CPAXT is leveraging AI to analyze consumer behaviors for hyper-personalization, enabling the company to precisely target its audience and increase purchase conversion rates.
Simultaneously, CPAXT is moving forward with its expansion plans, which includes opening new branches, refurbishing stores, and enhancing leasing spaces under the concept of “Community Happiness Spaces.”
These will be tailored to the specific needs of each locality, with the goal of sustainably improving quality of life. The company seeks to act as a community hub for food and health, and to generate job opportunities for local residents.
Ongoing projects include “Mittrae Chohuoey” (True Friends of Mom-and-Pop Stores), the “60 Young Jaeo” initiative (supporting active seniors), purchasing products directly from local farmers and SMEs, as well as continually engaging in community and social activities.
Remaining firmly committed to its sustainable growth strategies, CPAXT has recently received a number of international accolades:
1) Makro, under CP Extra, has been recognized as one of Asia-Pacific’s Best Companies of 2025 by TIME Magazine and Statista, a leading market research organization, earning a remarkable score of 90.45 out of 100 and ranking within the top 5 Thai companies.
2) CP Extra has also received the Top Employer 2025 in Thailand award for the third consecutive year from the Netherlands-based Top Employers Institute, in recognition of its outstanding HR management and staff development.
CPAXT reaffirms its commitment to driving business growth in tandem with environmental stewardship, social responsibility, and good governance. The company aims to create long-term value and trust for customers, society, shareholders, and investors, promising sustainable and rewarding returns well into the future.
