CP ALL Public Company (CPALL) Q3 2025 earnings summary

Executive summary

• Achieved consolidated revenue of 250,655 million Baht and net profit of 6,597 million Baht in 3Q25, up 3.9% and 17.6% year-over-year.

• Company-only revenue reached 122,723 million Baht with net profit of 5,202 million Baht, up 6.0% and 16.4% year-over-year.

• Nine-month consolidated revenue totaled 759,949 million Baht, with net profit of 20,950 million Baht, up 4.1% and 15.3% year-over-year.

• Expanded 7-Eleven store count to 15,764 as of 30 September 2025, up from 15,245 at year-end 2024.

• Principal businesses include convenience stores, wholesale, retail, malls, and payment centers.

Financial highlights

• Consolidated gross profit margin for 3Q25 was 22.8%, up 3.9% year-over-year; EBIT margin was 5.0%, up 8.7%.

• Company-only gross profit margin reached 29.4%, up 6.7%; EBIT margin was 6.8%, up 12.5%.

• For 9M25, consolidated gross profit margin was 22.8% (+5.4%), EBIT margin 5.3% (+8.9%).

• Company-only 9M25 gross profit margin was 29.4% (+7.6%), EBIT margin 8.1% (+14.5%).

• Basic EPS for nine months: Baht 2.30 (up from Baht 1.98 year-over-year).

Segment performance

• Retail and mall segment contributed 47% of 9M25 revenue and 64% of EBIT before elimination.

• Wholesale segment contributed 47% of revenue and 27% of EBIT.

• Services revenue in retail and mall grew 0.7%, while wholesale services declined 32.0%.

• Nine-month revenue: Convenience stores Baht 348,316m, Wholesale Baht 210,113m, Retail/mall Baht 174,110m, Other businesses Baht 50,551m.

• Segment profit before finance costs and tax: Convenience stores Baht 30,327m, Wholesale Baht 5,816m, Retail/mall Baht 6,807m, Other businesses Baht 4,433m.