Central Pattana Net Profit Climbs 4% to 4.93 Billion Baht
Central Pattana posted a 4% increase in Q3 net profit to 4.93 billion baht, with total revenue rising 2% to 13.4 billion baht. The mall business drove a fifth consecutive quarter of record core revenue, while the company advances its Retail-led Mixed-use strategy with new mega-projects planned for 2027.
Central Pattana reported a 4% rise in net profit to 4.932 billion baht and a fifth straight quarter of record core-business revenue. CEO Chanawat Uea-watthanasakul said Q3 2026 total revenue reached 13.399 billion baht, up 2%, driven by the mall business. The company is pushing its Retail-led Mixed-use model, expanding across all business lines and developing new projects on prime sites under its "Ecosystem for All" strategy to support sustainable growth in Thailand's cities and economy.
"Central Pattana believes in Thailand's growth potential and is committed to driving the future of Thai cities and the economy through projects that create value for people, businesses and communities, enhancing quality of life and expanding economic opportunities under the Retail-led Mixed-use Ecosystem strategy, with shopping centres as the heart that drives growth and connects all businesses in a systematic, long-term way," Chanawat said.
For 2027, the company plans to launch two mega-projects: The Central, which will elevate the Ladprao-Phahonyothin area into The Central District, and CenTRal cENtrAL, a global youth-culture hub in the heart of Siam Square, reflecting its commitment to sustainable national development.
CFO Naparat Siwanwit said the Q3 results underscore the strength of the core business. The company achieved record core revenue for a fifth consecutive quarter thanks to new projects and growth at existing malls, while gross margins continued to improve through cost discipline and operational efficiency. Despite ongoing investment, the debt-to-equity ratio kept falling, reflecting financial discipline and readiness for long-term growth.
Core Business Grows Strongly, Extending Retail-led Mixed-use Success
The mall business hit new highs, powered by new centres including Central Park, Central Krabi, Central Khon Kaen Campus and Central Northville, alongside growth at established malls. Occupancy rates, foot traffic and tenant sales all rose, supported by active tenant-mix management and targeted marketing.
The world-class landmark Central Park marked its first anniversary with more than 25 million visits and over 10 million foreign tourist visits, reinforcing its status as a global mixed-use destination that elevates Bangkok. Meanwhile, the transformation of Central Bang Na continues to unlock the potential of a strategic site to serve the city's evolving lifestyle.
The GO! Hotel business also expanded on high-potential locations, adding GO! Hotel Chiang Rai and GO! Hotel Chiang Mai Highway in Q3, highlighting the scalability of the hotel business within the ecosystem.
