Mr. Panet Mahankanurak, Chief Financial Officer of Central Retail Corporation Public Company Limited (SET: CRC), stated, “In 2025, Central Retail continued to deliver consistent profitability despite the overall wholesale and retail sector facing significant challenges and multidimensional pressures from global economic factors and weakened domestic purchasing power. Nevertheless, Central Retail effectively navigated volatility across all dimensions, supported by the strength of the CRC Ecosystem under the “New Heights, Next Growth” strategy, alongside its multi-category, multi-format model and fully integrated omnichannel platform spanning Fashion, Food, Hardline, and Property. CRC also maintained a strong financial position through disciplined cost control, efficient capital structure management, and effective cash flow management, resulting in solid liquidity and improved financial ratios. Central Retail reported performance from continuing operations (excluding Italy), generating total revenue for 2025 of Baht 253,165 million (+4% YoY), and Baht 71,162 million in the fourth quarter (+12% YoY). The Company recorded core profit for 2025 of Baht 7,432 million (-6% YoY), and Baht 2,729 million in the fourth quarter (+17% YoY).”
In addition, the Board of Directors has resolved to propose to the 2026 Annual General Meeting of Shareholders the approval of a total dividend payment for the operating results of the year 2025 in the total amount of 1.11 Baht per share. This consists of a dividend payment from 2025 operating performance at the rate of Baht 0.53 per share, derived from net operating profits, excluding the one-time non-cash impairment loss; and a special dividend payment from the disposal of assets relating to the Rinascente department store business at the rate of Baht 0.58 per share (second payment). Including the first special dividend payment from the Rinascente divestment of 0.70 Baht per share paid in 2025, the total dividend distribution will amount to 1.81 Baht per share.
A key highlight in 2025 was Central Retail’s strategic portfolio optimisation, focusing on the expansion in high-potential core markets including Thailand, Vietnam, and Southeast Asia to drive long-term growth and unlock synergies across its business units. Additional business achievements throughout 2025 include the following:
- Strategic network enhancement and expansion to strengthen regional leadership – including the renovation of Central Department Store Bangrak; the opening of 9 new TOPS branches and upgrading 3 branches to TOPS FOOD HALL; the opening of 4 new GO WHOLESALE branches; and the expansion of Thaiwatsadu with 3 new branches. In Vietnam, success was driven by the expansion of 2 new GO! Malls, along with the renovation of 2 flagship branches. The company remains committed to continuous network expansion to solidify its position as the No. 1 Family Mall in Vietnam.
- Driving growth through new business models to comprehensively serve all customer segments – including the accelerated expansion of AUTO1, Central Retail’s New Growth Engine, with 13 new branches nationwide to cover high-potential locations; the rollout of the TOPS DAILY Hybrid model integrating TOPS WINE CELLAR, LOOKS, and The Baker, doubling average daily sales and significantly increasing traffic; Power Buy’s launch of the new “Tech Retail Experience” concept store offering integrated smart technology and lifestyle solutions; and Robinson Lifestyle’s introduction of new models such as Night Markets and Outdoor Zones to act as traffic magnets and create business opportunities for local SMEs. Central Retail remains committed to continuously developing innovative business models to deliver shopping experiences that meet every life stage and lifestyle.
- Accelerating the expansion of the The 1 Loyalty Platform ecosystem – In Thailand, membership has continued to grow steadily, now surpassing 23 million members. Building on this success, CRC officially launched The 1 Loyalty Platform in Vietnam last November to gain deeper customer insights and deliver superior experiences tailored to Vietnamese consumers. Following the launch, membership surged to 4.3 million within less than two months (as of 31 December 2025), reflecting the strong trust and confidence Vietnamese customers place in Central Retail.
In terms of sustainability, Central Retail remains committed to its stance as a “Retail and Wholesale for All” under the CRC Care business philosophy across seven dimensions. The company is advancing towards its Net Zero 2050 target, highlighted by its successful green financing initiatives, including becoming the first retail and wholesale company in Thailand to issue a Green Bond, as well as securing Green Loans to support its transition towards becoming a fully green retail and wholesale organisation. These efforts go hand in hand with improving the quality of life in communities across Thailand and Vietnam, providing flood relief assistance, and operating under strong principles of good governance, transparency, and accountability.
Through these commitments and achievements, Central Retail has gained global recognition, receiving more than 130 awards from 59 domestic and international platforms. These include inclusion in the FORTUNE Southeast Asia 500 List, recognition as one of the Top 50 ASEAN Public Listed Companies, the Highly Commended Sustainability Award at the SET Awards 2025, and a SET ESG Rating of AAA. In addition, Central Retail Vietnam has been ranked No. 1 among the “Top 10 Most Trusted Retail Companies” for five consecutive years, reinforcing its commitment to being “Central to Life” and driving prosperity in every community where it operates.
“2025 has proven the strength of Central Retail’s Ecosystem in navigating volatility and overcoming challenges with resilience. In 2026, Central Retail is ready to accelerate its ‘New Heights, Next Growth’ strategy to drive business growth alongside sustainability, maintain financial stability, and enhance organisational capabilities to respond to evolving situations and challenges. We aim to set new standards for the retail and wholesale industry, meet the needs of modern consumers, and continue building confidence among all stakeholders,” Mr. Panet concluded.
