CP ALL Public Company (CPALL) H2 2025 earnings summary

Executive summary

• Achieved consolidated total revenues of 1,022,143 MB in FY2025, up 3.5% year-over-year, with net profit rising 11.3% to 28,206 MB.

• Company-only revenues reached 500,182 MB (+5.7% YoY), with net profit up 15.9% to 24,984 MB.

• Maintained strong ESG credentials, including top-tier ratings and inclusion in Dow Jones Sustainability Indices.

Financial highlights

• Consolidated EBIT margin improved to 5.3% (+10 bps YoY), gross profit margin at 22.7% (+10 bps YoY).

• Company-only EBIT margin at 7.5% (+40 bps YoY), gross profit margin at 29.4% (+40 bps YoY).

• EBITDA for consolidated operations rose 3.6% YoY to 91,589 MB.

• Earnings per share increased to 3.1 Baht (consolidated) and 2.7 Baht (company-only) in 2025.

Outlook and guidance

• Continued focus on store expansion, with 700 new stores added in 2025, reaching 15,945 locations.

• Strategic product mix and margin management expected to support ongoing profitability.

• Dividend payout policy remains at 50% of net profit, with actual payout above 50%.