CP Axtra Public Company Limited (SET: CPAXT), the retail giant behind Makro and Lotus’s, has announced an ambitious roadmap for 2026, earmarking 18,000 million baht to drive regional expansion and digital integration.
Speaking at a recent Opportunity Day, company executives detailed a four-pillar strategy aimed at sustainable growth, focusing on margin enhancement, “Omnichannel” development, regional presence, and disciplined asset management.
The company enters 2026 on a stable footing following a resilient 2025, where total revenue reached 520,706 million baht, a 1.7% year-on-year increase. This performance yielded a net profit of 9,356 million baht, prompting the board to propose a dividend of 0.53 baht per share, scheduled for payment on May 7, 2026. With a low net debt-to-equity ratio of 0.33, CPAXT maintains the financial flexibility required for its aggressive expansion.
A cornerstone of the 2026 plan is the opening of 110 new branches. This includes 10 large-format stores spanning Thailand, Malaysia, and a strategic debut in the Philippines through a partnership with the Ayala Group. Furthermore, the company will launch approximately 100 Lotus’s Go Fresh outlets in Thailand, prioritizing larger spaces exceeding 300 square meters to ensure a comprehensive product range and faster returns on investment.
Beyond physical stores, CPAXT is positioning its Omnichannel platforms, Makro Pro and My Lotus’s, as primary growth engines. By collaborating with global technology partners and expanding online inventory, the company aims for digital sales to reach 25% of total revenue.
Profitability remains a core focus, with plans to boost gross margins by increasing the proportion of high-margin fresh food, ready-to-eat meals, and “Direct Sourcing” initiatives. Additionally, the company is set to launch “The Happitat” in April 2026, a massive retail project that has already seen strong pre-leasing demand. Through these combined efforts, CPAXT anticipates sales growth between 1% and 5% for the coming year.
