Central Retail Breaks First Quarter Profit Record with 2.888 Billion Baht, Pushes Forward with Thailand-Vietnam Focus
Central Retail posted record first-quarter profit of 2.888 billion baht on revenues of 66.514 billion baht, driven by its strategy to expand in Thailand and Vietnam markets despite global economic headwinds.
Central Retail announced its first quarter 2025 financial results with revenues surging to 66.514 billion baht and achieving record-breaking net profit, reflecting the success of its business portfolio restructuring focused on Thailand and Vietnam markets. On May 14, 2025, Suthisarn Chiratthivatwong, CEO of Central Retail Corporation Public Company Limited (CRC), revealed that despite global business challenges from geopolitical pressures and energy crises in early 2025, Central Retail continues to see strong consumer confidence with shoppers maintaining their trust in the company's retail ecosystem. The company has successfully refined its portfolio to focus on high-growth markets including Thailand and Vietnam.
"We are aggressively expanding and developing our business in both countries under our 'New Heights, Next Growth' strategy across five dimensions implemented over the past year, particularly in expanding customer base and strengthening our CRC foundation through branch expansion, store renovations, and launching new brands," the CEO stated. The company has secured Master Franchise rights to launch 'No Brand' from South Korea and invested in JD Sports Thailand to fully penetrate the premium sports lifestyle market.
Panate Mahakananuruk, Chief Financial Officer, added: "Beyond business growth, Central Retail prioritizes careful financial management and allocates investments for maximum efficiency, enabling us to maintain strong balance between growth and profitability. First quarter 2025 results showed total revenue of 66.514 billion baht (up 1.4% year-over-year) and net profit of 2.888 billion baht (up 12.5% year-over-year), marking a new quarterly record for the company."
On sustainability, Central Retail continues supporting customers and society by participating in the government's 'Thailand Helps Thailand' cost-of-living reduction program through Tops and Go Wholesale, offering over 2,300 essential items at special prices. The company also provides 38 free vehicle inspection services through Auto One while advancing environmental initiatives including increased solar energy usage and transitioning to electric vehicles for long-term energy security.
