CP AXTRA Public Company Limited has reported strong nine-month growth in 2025, expanded its operations through regional partnerships, and committed to sustainability initiatives in the retail sector.

Target Information

CP AXTRA Public Company Limited (CPAXT) operates as Asia's foremost wholesaler and retailer through its prominent brands, Makro and Lotus's. As of November 11, 2025, CPAXT reported impressive operational results for the first nine months of the year, achieving total revenues of 386,050 million baht and a net profit of 6,794 million baht. The company's resilient performance is attributed to a strategic expansion plan, including the opening of 100 new stores nationwide and a significant increase in out-of-store sales, which have risen by 31% year-on-year, solidifying its status as Thailand's leading Grocery E-Commerce platform.

CPAXT has prioritized growth in its food category, a core competency that has significantly contributed to its revenue stream. Additionally, the company's focus on enhancing its private label products has not only differentiated its offerings but also bolstered overall financial performance. Amid handling operational costs, CPAXT effectively reduced its distribution and administrative expenses, achieving a DC&A-to-revenue ratio of 13.4%, a sign of prudent financial management and operational efficacy.

Industry Overview

The retail and wholesale industry in Thailand has shown resilience and adaptability, driven by evolving consumer preferences and technological advancements. With the growing trend towards online shopping and B2B sales, businesses are increasingly shif