CP Axtra Public Company Limited (SET: CPAXT) has announced strong financial results for the second quarter of 2025 (2Q/2025), demonstrating significant growth in net profit and strategic advancements across its business segments.
For 2Q/2025, the company reported a net profit of Baht 2,286 million, marking a notable 5.1% year-on-year (YoY) increase compared to Baht 2,176 million in 2Q/2024. Total revenue for 2Q/2025 reached Baht 129,080 million, an increase of 1.7% YoY from Baht 126,956 million in the same period last year. This growth was primarily fueled by revenue from the sale of goods, which rose 2.1% YoY to Baht 123,892 million.
The wholesale business, encompassing Makro-Thailand and Makro-International, contributed significantly with a 2.4% YoY revenue increase, driven by new store openings, strong Omni Channel sales, and robust performance in fresh food and private label products. The retail business, operating under “Lotus’s” in Thailand and Malaysia, also saw revenue growth of 1.7% YoY, with a strategic focus on fresh food and Omni Channel sales. Omni Channel sales notably accounted for 20.6% of the company’s revenue from the sale of goods in 2Q/2025, reflecting strong growth.
Gross profit from sales improved, with the gross profit margin from sales increasing to 14.3% in 2Q/2025 from 14.1% in 2Q/2024, largely due to an elevated margin in the wholesale segment.
Regarding expenses, distribution costs and administrative expenses totaled Baht 17,023 million, increasing by 0.6% YoY. However, their proportion to total revenue improved to 13.2%, down from 13.3% in the same quarter last year, reflecting enhanced operational efficiency and reduced redundancies following the amalgamation. These efficiency gains, particularly in administrative expenses, contributed to overall profitability.
Overall, the company’s performance reflects the successful integration of strategies, including Omni Channel expansion and cost management, reinforcing its market position and contributing to sustainable growth.
Additionally, the Board of Directors approved a dividend payment of THB 0.18 per share to be paid on 5 September 2025 with an ex-dividend date on 20 August 2025.
