CP ALL Public Company (CPALL) Q1 2026 earnings summary

Executive summary

• Consolidated total revenues reached 267,672 MB, up 5.8% year-over-year, with net profit rising 20.2% to 9,118 MB.

• Net profit attributable to equity holders rose to 9.12 billion Baht from 7.59 billion Baht year-over-year.

• Company-only revenues grew 7.8% year-over-year to 131,390 MB, with net profit up 18.9% to 7,570 MB.

• Total comprehensive income for the period was 11.49 billion Baht, compared to 8.82 billion Baht in Q1 2025.

• EBIT and gross profit margins improved both at the consolidated and company levels.

Financial highlights

• Consolidated EBIT margin increased by 30 bps year-over-year to 6.0%, and gross profit margin remained stable at 22.7%.

• EBITDA margin for consolidated operations rose to 9.5%, and net margin improved to 3.4%.

• Basic earnings per share increased to 1.01 Baht from 0.83 Baht year-over-year.

• Cash and cash equivalents (consolidated) stood at 43,260 MB as of March 31, 2026.

• Net cash from operating activities was 17.41 billion Baht, up from 13.88 billion Baht year-over-year.

Outlook and guidance

• Continued focus on margin expansion and operational efficiency, with negative cash cycle days supporting working capital.

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

• No explicit forward-looking guidance provided, but strong revenue and profit growth indicate positive momentum.