Central Pattana (CPN) has announced a robust performance for the second quarter of 2568, fueled by exceptional growth in its core shopping center business. The company reported a total revenue of 11,653 million baht, a 3% increase year-on-year, and a net profit of 3,902 million baht, marking a significant 10% jump from the previous year.
Naparat Sriwanvit, Chief Finance, Accounting and Risk Management Officer of Central Pattana plc, said: “Although private consumption in second quarter was partially impacted by the earthquake in March, we began to see signs of recovery in May and June. Fiscal measures and tourism-promotion policies, such as the Thai ‘Half-Half’ travel scheme, together with the rebound in both domestic and international tourist arrivals, are expected to have a positive impact on foot traffic in our shopping centers and on spending power nationwide in the second half of 2025”
“Q2 results continued to show strong growth, particularly in our core shopping center business, which recorded a sharp increase in both revenue and profit margins in line with tenants’ sales growth – especially from new domestic and international brands. This was further supported by effective cost control in areas such as energy and marketing expenses. With new shopping center and residential projects set to launch in the second half of the year, along with various government measures, we are confident that our performance in the second half of 2025 will exceed that of the first half,” said Naparat.
Record Shareholder Returns and Major Expansion
In a historic move, Central Pattana delivered a record-high dividend payout of 2.10 baht per share. The company is also enhancing shareholder value with a share repurchase program worth up to 5 billion baht, demonstrating its strong financial position and confidence in future growth.
Central Pattana is set to expand its footprint with two major new projects:
- Central Park: A new global landmark in the heart of Bangkok, scheduled to open on September 4. Located opposite Lumpini Park, it will feature a shopping center and office building, attracting significant traffic and world-class brands.
- Central Krabi: Opening on October 24, this will be CPN’s 44th shopping center and the only mixed-use development in the popular tourist province, strategically positioned to capture the high-spending tourist market.
The company is also unveiling transformed versions of Central Pinklao and Central Chaengwattana, further solidifying its position as a retail powerhouse.
As of the end of the second quarter of 2568, Central Pattana operates a total of 42 shopping centers (40 Central shopping centers – 16 in Bangkok and perimeter, 23 in other provinces, and one in Malaysia; Esplanade shopping mall; and Mega Bangna under a joint venture), and 16 community malls, with a total net leasable area of 2.3 million square meters. Central Pattana also operates 10 office buildings, 10 hotels, and 44 residential projects, including condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL, and BELLE GRAND RAMA 9; and housing estate projects under the brands: ESCENT TOWN (townhomes), ESCENT AVENUE (home-offices), NINYA (semi-detached houses), NIYAM (luxury detached houses) and various housing projects under the brands: NIRATI and BAAN NIRADA.
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