CP Extras in Strong Form with Q1 Profit Exceeding 2 Billion Baht—Online Sales Surge 27.6%

CP Extras Public Company Limited (CPAXT), operator of the Makro and Lotus wholesale and retail business, reported Q1 2025 performance with total revenue of 136,050 million baht and net profit of 2,793 million baht. Sales grew steadily across both wholesale and retail operations, driven by new store openings and robust online sales growth through the Makro PRO and Lotus's Smart App platforms, which increased 27.6% year-over-year. Out-of-store sales continued to expand, now accounting for 22% of total merchandise sales.

Revenue was further supported by growth in fresh food, dry goods, and private label products that effectively addressed consumer needs amid economic challenges. The company also benefited from operations of its subsidiary Renewed Hope Pte. Ltd. under the Lucky Frozen brand in Malaysia, strengthening food service sales and supporting regional expansion in Southeast Asia.

In 2025, CP Extras' Makro PRO platform earned its second consecutive ranking as Thailand's number-one grocery e-commerce platform from Euromonitor International, reinforcing the company's leadership in Thailand's e-commerce market. In the shopping mall business segment, the company generated 3,622 million baht in rental and service revenue, up 3.8% year-over-year, from expanded rental space in existing stores and new store openings, along with optimized tenant mix adjustments aligned with the "Happy Mall" community happiness strategy.

Thanin Boornammanit, Chief Executive Officer of CP Extras, stated: "Q1 results reflect continued growth in our wholesale and retail operations. We are committed to maintaining revenue growth across all sales channels while expanding investments in high-growth regions to drive long-term expansion. We continue to develop products and services that reflect changing consumer behaviors, expand out-of-store sales proportions, and advance technology to establish ourselves as a regional retail technology leader."

CP Extras pursues sustainable business development aligned with ESG principles. During this quarter, the company received the Platinum-level Global CSR & ESG Leadership Award from the Annual Global CSR & ESG Awards 2026, and was ranked in the top 5% globally in the Food & Staples Retailing industry by S&P Global's internationally recognized DJSI sustainability index, reaffirming CP Extras' position as Thailand's leading wholesale-retail company delivering sustainable value to all stakeholders.