Central Pattana Public Company Limited (SET: CPN) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
4,304.94 | 4,555.80 |
| Earning Per Share (Baht) |
0.9600 | 1.0100 |
| % Change | -5.51 | |
| 6 Months | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
8,532.14 | 8,709.96 |
| Earning Per Share (Baht) | 1.9000 | 1.9400 |
| % Change | -2.04 | |
In the second quarter of 2025, CPN recorded a net profit of THB 4,305 million. However, excluding the residential business, the company will have a net profit of THB 3,902 million, an increase of 10% YoY, higher than revenue growth thanks to all the key drivers that led to higher profitability.
Regarding 2Q25 total revenue, the company had total revenue of THB 12,147 million. Excluding the residential business and one-off income, the company will have a total revenue of THB 11,653 million, an increase of 3% YoY, thanks to solid performance of the retail business.
Rental & Service business reported a 2Q25 revenue of THB 10,792 million, similar to 1Q25 level but increased 2% YoY. This core business contributed approximately 90% of total revenues and continued to deliver solid revenue growth and significant increase in margin YoY. The key drivers include 1) solid same-store rental revenue growth thanks to buoyant growth of tenants’ sales from holistic partnership solution for tenants, ongoing events and activities in shopping centers, and new experience for shoppers by introducing exciting new international and local brands to stimulate spending; 2) efficiency enhancement initiatives including solar rooftop installations and lower electricity tariffs; and 3) well-controlled SG&A.
As for residential for sale business, the company reported revenue decreased 75% YoY mainly due to the condominium transfer schedule. Even though the industry outlook remains challenging, the company should see improving momentum in 2H25 due to more condominium transfers.
As for 2Q25 operating profit, CPN recorded a profit of THB 5,270 million with an operating profit margin of 43%, up from 2Q24 of 41%. Excluding the residential business and one-off income, operating profit increased by 10% YoY, in line with gross profit and other income movement.
