CP Axtra Q3 Revenue Reaches 1.3 Trillion Baht, Online Sales Up 26%
CP Axtra posted third-quarter revenue of 130.362 billion baht with normalized net profit of 2.013 billion baht, fueled by wholesale sales, 26% online growth, and Malaysia expansion. One-time non-cash expenses from its growth strategy dented current profit but are expected to boost results from Q4 2026 through 2027. The retailer also acquired Malaysia's premium supermarket chain The Food Purveyor and earned Thailand's top grocery e-commerce ranking plus ISO 14001:2026 certification.
CP Axtra Reports Q3 Revenue of 1.3 Trillion Baht, Online Sales Grow 26%
November 6, 2026 – Thanakorn Tharawisit, Chief Executive Officer of the Financial Business Group at CP Axtra Public Company Limited (CPAXT), operator of Makro-Lotus, announced the company's third-quarter 2026 results. Total revenue reached 130,362 million baht with normalized net profit of 2,013 million baht, supported by wholesale business sales, online sales growth exceeding 26%, operations in Malaysia, and expanding gross margins from pricing strategy and improved retail loss management. The quarter included one-time non-cash expenses from the company's growth strategy, impacting current net profit but expected to benefit performance from the next quarter and throughout 2027.
"The third quarter marks a pivotal step in our business transformation for long-term growth. We are advancing across all channels — online to meet current consumer behavior and offline through portfolio adjustments and expansion in high-potential locations domestically and internationally. We aim to see full results in Q4 2026 through 2027 across revenue, profit quality, and long-term value creation," said Thanakorn.
The company pursues sustainable growth through key initiatives:
• Efficient cost and expense management — improving gross margins alongside reduced last-mile delivery costs, with results visible in late Q3, strengthening overall operations. • Regional expansion-driven growth — acquiring The Food Purveyor (TFP), Malaysia's leading premium supermarket, in a top-tier ASEAN economy, to strengthen the premium segment with high-spending customers and 8-10% annual growth potential, broadening the customer base across all tiers while creating synergies and knowledge transfer for long-term growth. • Business portfolio optimization and asset quality enhancement — maximizing asset potential for better returns and sustainable growth. • Advancing Happy & Healthy Mall development — using experience-led destinations blending mall leasing with lifestyle experiences to attract quality shoppers and tenants, with plans to upgrade over 78 locations nationwide.
Additionally, CP Axtra was ranked Thailand's #1 Grocery E-Commerce organization, reflecting its successful digital transformation into a retail tech leader. The company also received ISO 14001:2026 certification from LRQA — the new standard — becoming the first Thai retailer to achieve it, demonstrating systematic environmental management alongside efficient and sustainable business operations.
