logo
CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht

CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht

Bangkok Post08-08-2025
Bangkok, August 7, 2025 – CP AXTRA Public Company Limited (The Company or CPAXT), an operator of Asia's leading wholesaler and retailer, 'Makro-Lotus's', has announced its financial results for the first half of 2025, highlighting continued growth momentum. The Company reported total revenue of 259,030 million baht and a net profit of 4,929 million baht, representing a 5.8% rise YoY. Online sales grew by 34%, while fresh food sales delivered a 10% YoY increase, reflecting the success of its strategic focus on enhancing product offerings and diversifying all distribution channels to meet evolving consumer behaviors. The results further reaffirm CPAXT's leadership position as Thailand's No.1 Grocery E-Commerce Brand.
Mr. Tanin Buranamanit, Group Chief Executive Officer, CP AXTRA Public Company Limited, stated that the Company continued to grow in the first half of 2025 despite ongoing economic challenges. Improved cost management and the synergistic value of post-amalgamation also contributed to the Company's strengthened performance.
Looking ahead, the Company remains focused on driving sustained growth in the second half of 2025 through the following key strategies:
Driving growth across all distribution channels, including out-of-store sales with delivery services to customers (Omni Channel) alongside ongoing store expansion and renovations.
Enhancing product development with a focus on strengthening the private label and value-for-money items under the 'Exclusive brand', available only at Makro and Lotus's, while expanding Ready-to-Cook (RTC) and Ready-to-Eat (RTE) offerings.
Harnessing the power of AI to improve operational efficiency - from advanced data analytics, hyper-personalization marketing, and inventory management to the development of online sales that more precisely address consumer needs. This will strengthen competitiveness, drive sales, and support gross profit growth, in line with second-half performance targets.
Additionally, the Board of Directors has approved an interim dividend of 0.18 baht per share. The record date for eligible shareholders is August 21, 2025, with payment scheduled for September 5, 2025.
CP AXTRA is committed to driving sustainable business growth in line with Environmental, Social and Governance (ESG) principles, the Charoen Pokphand Group's sustainability goals, and the UN Sustainable Development Goals (UNSDGs). Key initiatives include the use of zero-emission electric vehicles in logistics, the 'AXTRA Green Together' program for sustainable waste and plastic management, and a commitment to achieving zero food waste to landfill by 2030. In the area of governance, CP AXTRA reinforces its commitment to AXTRA: Good Governance for Sustainable Growth to foster a culture of transparency, accountability, and stakeholder inclusivity. The Company remains committed to upholding fair treatment for all shareholders and supporting stable and sustainable growth.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Celebrating 120 Years of Friendship: Norway and Thailand Unite for Sustainability
Celebrating 120 Years of Friendship: Norway and Thailand Unite for Sustainability

Bangkok Post

time3 days ago

  • Bangkok Post

Celebrating 120 Years of Friendship: Norway and Thailand Unite for Sustainability

2025 marks the 120th anniversary of diplomatic relations between Norway and Thailand. This significant milestone is a reason to celebrate the past and to look ahead to a bright future. As both sides look to enhance ties, strengthening sustainable development and Environmental, Social, and Governance (ESG) practices are seen as keys to success. Dating back to 1905, the relationship between Norway and Thailand is described as a long journey of friendship. There was the legendary visit of H.M. King Rama V in 1907, who brought Yara fertiliser, which was known as Norsk Hydro, back home. The Royal Families have long maintained a cordial relationship. Today, tourism between the two countries is thriving. Norwegians enjoy the warm climate, pristine beaches and cuisine found in the 'Land of Smiles'. Thais are in awe of the natural beauty, snow and Aurora Borealis sightings. Our partnership is one set to flourish for the next 120 years and beyond. The signing of a wide-ranging free trade agreement (FTA) between the European Free Trade Association (EFTA) and Thailand in January 2025 is proof of that. 'We are confident that the EFTA-Thailand Free Trade Agreement will enhance trade and investment opportunities between Norway and Thailand,' H.E. Ms Astrid Emilie Helle, the Ambassador of Norway to Thailand, says. 'Further collaboration between Norway and Thailand is promising. We look forward to the next hundred years of an excellent partnership built on transparency, trust and shared commitment to sustainability. It paves the way for future growth and mutual benefits between our two countries.' Good corporate governance and sustainability are among the notable areas where the partnership can be strengthened. Thailand has set ambitious climate targets, is improving several areas related to human rights and has pledged to become more transparent. Continuing progress is vital. 'ESG and sustainable development is a global issue which Norway gives great importance to.' Ambassador Helle states. 'Rather than challenges, we see opportunities of further cooperation. In a global economy, one country cannot work alone to reach its ESG and Sustainable Development Goals (SDGs) targets. We are looking forward to engaging with Thailand on the bilateral, regional and multinational levels in this agenda. Commitment and determination from all stakeholders are needed to drive this agenda forward.' The EFTA–Thailand FTA includes a robust chapter on sustainable development with firm commitments to environmental protection, climate action, labour rights and gender equality. This will be an essential starting point for further cooperation moving forward. Also shaping the relationship is the Transparency Act adopted by Norway in 2022 as a way to promote respect for fundamental human rights and decent working conditions throughout the supply chain of Norwegian companies. It covers both domestic and international operations. 'This Act is aligned with the Organisation for Economic Co-operation and Development (OECD) guidelines, stating that enterprises shall carry out due diligence in accordance with the OECD guidelines for multinational enterprises. Decent working conditions mean work that safeguards fundamental human rights pursuant to health, safety and a good environment in the workplace, and that provides a living wage,' Ambassador Helle notes. 'Norwegian companies have adopted this to their activities in Thailand. Such implementation could inspire Thai and international enterprises in the country to improve working conditions and to ensure that their suppliers follow good practices.' It should be noted that Thailand has made strides in this and other initiatives related to ESG and SDGs. Shared knowledge and experiences can be invaluable on the journey. 'Thailand was the first country in Asia to launch a National Action Plan on Business and Human Rights. At COP29 in 2024, Thailand reaffirmed its commitment to climate action and its national target to reach carbon neutrality by 2050,' Ambassador Helle says. 'Additionally, Thailand has started the accession process to become a member of the OECD. This will require the country to make sure regulations and measures related to trade and investment are aligned with international standards. Norway is ready to support Thailand in its effort to become a member of the OECD.' There may be an opportunity for Norway to assist Thailand with its goal to reach carbon neutrality as well. 'Norway aims to be climate neutral by 2030. This target includes the initiative to support carbon emission cuts in other countries. In 2024, the Norwegian government established a USD740 million fund to support emission reductions and green growth in developing countries,' Ambassador Helle highlights. Investment focus Thailand has become a hub for global investment. And while the country has proven itself to be a reliable partner, it must keep pace with evolving global priorities. Securing future investment is dependent upon its ability to adapt. 'In Norway, we believe that good governance and transparency are critical for economic competitiveness. Investors and financial institutions are increasingly taking companies' ESG performance into account, and ESG reporting is the way organisations disclose their progress,' Ambassador Helle states. 'Compliance increases business ethics and improves brand reputation. Businesses with higher ESG ratings build trust and enjoy greater access to funding.' On the good governance and transparency front, Thailand has made some progress. Yet, there is still work to be done. 'The Norwegian government has strict regulations for Norwegian companies to follow good corporate governance. The Transparency Act is applicable to medium to large businesses in Norway with the production of goods and provision of services in Norway and supply chains across the world,' Ambassador Helle states. 'Thailand's efforts to promote transparency and ease of doing business could therefore make the country a more attractive investment destination.' Many countries around the world have prioritised good governance and transparency throughout all parts of their supply chain. There are also a few other areas Thailand can improve upon to increase its standing among investors. Ambassador Helle underlines this by saying, ''Norwegian companies are looking for long-term investment. Predictability is critical to our investors. Besides that, the Norwegian Sovereign Wealth Fund has also invested more than Baht 87 billion (USD2.6 billion) in the Thai stock market. Good corporate governance and sustainability will encourage more investment from Norway.'' 'Access to renewable energy could also help making Thailand become more attractive for Norwegian and international investors,' Ambassador Helle says. 'For companies to reduce their carbon footprint and be competitive in the global market, access to renewable energy for production is becoming increasingly important. Therefore, sufficient access to renewable energy could encourage international investors to invest in Thailand.' Ambassador Helle points out that a functional system supporting circular economy development could prove beneficial as well. 'A functional system to support circular economy, such as the extended producer responsibility (EPR) scheme, would benefit Thailand's environment protection and sustainable development initiatives and could also accelerate investment opportunities in the circular economy sector,' Ambassador Helle adds. There are some examples of Norwegian companies in Thailand launching initiatives related to sustainable development, good corporate practices and decent working conditions. 120th Anniversary Celebration highlights In 2025, the Thai-Norwegian Chamber of Commerce, in close collaboration with the Royal Norwegian Embassy and Norwegian businesses, has proudly celebrated the 120th anniversary of Thailand–Norway diplomatic relations through a series of high-level events and activities. These special occasions not only honoured a longstanding friendship but also highlighted a shared commitment to sustainable development and ethical business practices. Each event was thoughtfully designed to reflect Norway's contributions while fostering stronger ties with Thailand. The celebrations began with Seafood Under the Stars 2025, organised in January by the Thai-Norwegian Chamber of Commerce. This annual event took on special significance as it marked the kick-off of the 120th anniversary celebrations, bringing together over 300 distinguished guests from government, diplomatic, and business sectors. With high-level speeches, networking opportunities, and cultural exchange, the evening celebrated not only culinary excellence but also the shared vision for sustainability between our nations. In February, the chamber hosted the Brand Norway in Thailand – Norwegian Sustainability Business Ethics roundtable, bringing together key stakeholders from the private and public sectors. With in-depth panel discussions, interactive workshops, and expert insights from leading Norwegian companies, the event promoted Environmental, Social and Governance (ESG) values. It showcased how responsible business practices can drive innovation, economic growth, and long-term impact in both countries. This platform reaffirmed the role of Norwegian businesses in supporting Thailand's development goals and the ongoing Thailand–EFTA Free Trade Agreement dialogue. Another key highlight of the year was the launch of the From Sea to Sky: 120 Years of Friendship campaign, a collaboration between THAI Airways and the Norwegian Seafood Council. This initiative commemorated both the 120th anniversary of diplomatic ties and the resumption of the direct Bangkok–Oslo flight. A series of seafood promotions and giveaways showcased premium Norwegian seafood to travellers and consumers across Thailand and Asia. The collaboration strengthened Thailand's role as a hub for high-quality seafood distribution while reinforcing the importance of bilateral trade and tourism links. The Chamber's annual 17 May Dinner offered a warm and joyful celebration of Norway's Constitution Day. With over 100 Norwegian and Thai guests, the evening featured inspiring speeches, a fun Norway quiz, authentic Norwegian cuisine, and lively entertainment. This year, the event took on special meaning as we also commemorated the 120th anniversary of diplomatic ties. The Chamber proudly showcased the traditions of Norway's Constitution Day to Thai friends and partners, fostering cultural exchange and strengthening people-to-people connections. The Norwegian Seafood Council, a premium member of the Chamber, will host the Seafood from Norway Festival from 4 to 7 September 2025 at EmSphere. This pop-up event offers an engaging experience highlighting the quality and origin of Norwegian seafood. Visitors can explore interactive zones, enjoy exclusive tastings, and participate in fun activities designed to boost awareness and promote sales. The event aims to connect consumers with the authentic taste of Norway in an enjoyable and memorable way. Together, these events illustrated the depth and strength of the Thailand–Norway relationship. As the chamber continues its mission to promote responsible business and cross-cultural understanding, the 120th anniversary served as a reminder of the progress made and the opportunities ahead. The year's celebrations not only honoured the past but also laid a strong foundation for future collaboration. To continue this meaningful journey, the Thai-Norwegian Chamber of Commerce, the Royal Norwegian Embassy and Norwegian businesses have lined up more activities throughout the year to commemorate this important milestone. We invite our members, partners, and friends to stay tuned for updates and join us in celebrating 120 years of enduring friendship and cooperation.

TIDLOR Hits Record Q2 Profit on Quality Growth
TIDLOR Hits Record Q2 Profit on Quality Growth

Bangkok Post

time3 days ago

  • Bangkok Post

TIDLOR Hits Record Q2 Profit on Quality Growth

Bangkok, August 13, 2025 — Tidlor Holdings Public Company Limited ('TIDLOR' or the 'Company') has reported strong, quality-driven growth for the second quarter of 2025, driven by the robust expansion of its low-risk insurance brokerage business and effective cost and credit quality management in its lending operations. Miss Cholthicha Thongthai, Chief Financial Officer (CFO), announced that TIDLOR recorded a net profit of 1,304.4 million baht in Q2/2025, reflecting a 19.5% year-on-year (YoY) and 8.2% quarter-on-quarter (QoQ) increase — the Company's highest quarterly profit to date. Total revenue reached 5,755.4 million baht, marking a 5.3% YoY increase. The outstanding loan portfolio continued its steady climb, with total outstanding loans at the end of Q2/2025 standing at 105,905.5 million baht, representing 2.8% YoY and 1.1% QoQ growth. Meanwhile, the number of loan customers rose by 9% YoY, exceeding the pace of overall portfolio growth — a sign of quality customer base expansion under prudent credit policies. Non-performing loans (NPLs) remained stable at 1.78%, supported by improved credit underwriting, active debt collection strategies, and robust risk management. Credit cost dropped to 2.6%, down from 3.6% in the same quarter last year, while the NPL coverage ratio remained high at 262.4%, ensuring prudent risk provisioning. Key contributors to long-term growth included tech-based solutions such as the Tidlor card and E-Withdrawal — a digital loan disbursement feature within the NTL application — which have seen rising adoption among customers, resulting in reduced operational costs. Mrs. Athitaya Phoonwathu, Chief Insurance Officer, reported that the insurance brokerage business continued to thrive, with non-life insurance premiums reaching 2,569.1 million baht in Q2/2025, an 11.4% YoY increase. This growth was attributed to a broad product suite covering auto, personal, and property insurance, offered in partnership with leading insurers. Distribution is supported by a multi-channel approach — including face-to-face insurance brokerage via over 1,800 branches under the 'Shield Insurance Broker' brand, and InsurTech platforms such as 'Areegator' and ' which fill market gaps and enhancing the Company's reach to a wide customer base. Mr. Piyasak Ukritnukun, Managing Director, added that Tidlor Holdings remains committed to quality growth across all business units. Since launching its insurance brokerage arm in 2016, the segment has averaged annual growth over 40% — more than double the growth rate of its lending business — effectively balancing the Group's overall business profile and risk diversification. Following the Company's restructuring into a holding company, the senior management team also demonstrated its readiness for the next stage of growth in both verticals. Recognising the fragility of the Thai economy and high household debt, the Company introduced a Balance Transfer programme in Q2/2025 aimed at assisting retail borrowers with a good repayment history who are currently servicing multiple debts — including other types of personal loans, cash cards, or credit cards — and who may be burdened with high or excessive monthly repayment obligations. The initiative offers a solution to help ease their monthly debt burden, enabling them to consolidate their obligations under a single vehicle title loan with Ngern Tidlor. This allows for reduced monthly payments and extended repayment terms, ultimately simplifying debt management and improving credit health. Since its launch, the programme has demonstrated measurable impact — participating customers have cut their monthly debt payments by more than half on average, with many able to close debts with three financial providers, with some settling up obligations with up to nine. Tidlor Holdings and its subsidiaries continue to pursue their vision of becoming Thailand's leading financial inclusion service provider, empowering underserved communities with fair and accessible financial solutions, while enhancing financial literacy and long-term well-being.

CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht
CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht

Bangkok Post

time08-08-2025

  • Bangkok Post

CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht

Bangkok, August 7, 2025 – CP AXTRA Public Company Limited (The Company or CPAXT), an operator of Asia's leading wholesaler and retailer, 'Makro-Lotus's', has announced its financial results for the first half of 2025, highlighting continued growth momentum. The Company reported total revenue of 259,030 million baht and a net profit of 4,929 million baht, representing a 5.8% rise YoY. Online sales grew by 34%, while fresh food sales delivered a 10% YoY increase, reflecting the success of its strategic focus on enhancing product offerings and diversifying all distribution channels to meet evolving consumer behaviors. The results further reaffirm CPAXT's leadership position as Thailand's No.1 Grocery E-Commerce Brand. Mr. Tanin Buranamanit, Group Chief Executive Officer, CP AXTRA Public Company Limited, stated that the Company continued to grow in the first half of 2025 despite ongoing economic challenges. Improved cost management and the synergistic value of post-amalgamation also contributed to the Company's strengthened performance. Looking ahead, the Company remains focused on driving sustained growth in the second half of 2025 through the following key strategies: Driving growth across all distribution channels, including out-of-store sales with delivery services to customers (Omni Channel) alongside ongoing store expansion and renovations. Enhancing product development with a focus on strengthening the private label and value-for-money items under the 'Exclusive brand', available only at Makro and Lotus's, while expanding Ready-to-Cook (RTC) and Ready-to-Eat (RTE) offerings. Harnessing the power of AI to improve operational efficiency - from advanced data analytics, hyper-personalization marketing, and inventory management to the development of online sales that more precisely address consumer needs. This will strengthen competitiveness, drive sales, and support gross profit growth, in line with second-half performance targets. Additionally, the Board of Directors has approved an interim dividend of 0.18 baht per share. The record date for eligible shareholders is August 21, 2025, with payment scheduled for September 5, 2025. CP AXTRA is committed to driving sustainable business growth in line with Environmental, Social and Governance (ESG) principles, the Charoen Pokphand Group's sustainability goals, and the UN Sustainable Development Goals (UNSDGs). Key initiatives include the use of zero-emission electric vehicles in logistics, the 'AXTRA Green Together' program for sustainable waste and plastic management, and a commitment to achieving zero food waste to landfill by 2030. In the area of governance, CP AXTRA reinforces its commitment to AXTRA: Good Governance for Sustainable Growth to foster a culture of transparency, accountability, and stakeholder inclusivity. The Company remains committed to upholding fair treatment for all shareholders and supporting stable and sustainable growth.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store