CP Axtra Public Company Limited (CPAXT), a leader in wholesale and retail business with its Makro and Lotus brands, has reported robust financial results for the first quarter of 2025, achieving a total revenue of 129,950 million baht. This marks a significant 10.3% increase in net profit after adjustments, driven by strong sales across both wholesale and retail sectors.
Thanin Buranamanit, the Chief Executive Officer of CPAXT, attributed this impressive growth to the successful opening of new branches, a surge in online sales, and an increase in the sales of fresh food products, private label items, and exclusive brands available only at Makro and Lotus stores. The company's strategic focus on enhancing operational efficiency and value creation post-restructuring has also played a crucial role in improving its gross profit margins.
Moreover, CPAXT has demonstrated effective financial management, continuously reducing debt and improving cash flow, which has resulted in a strong liquidity position and a stable financial foundation. The company is committed to maintaining this momentum as it pushes forward with its business strategies for 2025.
In March 2025, Euromonitor International recognized CPAXT's Makro PRO as the top Grocery E-Commerce platform in Thailand, capturing a remarkable 39.5% market share in the grocery sector valued at 64,000 million baht. Following closely is the Lotus’s SMART App, which holds a 19.5% share of the same market.
As part of its ongoing business strategy, CPAXT is focused on increasing the share of revenue from its private label products, which emphasize quality at competitive prices across all categories. The company is also expanding its ready-to-cook and ready-to-eat food offerings through collaborations with renowned chefs and top brands, both domestically and internationally, to provide unique consumer experiences.
Looking ahead, CPAXT plans to enhance its online and offline sales channels by developing advanced technologies and platforms. The company is employing artificial intelligence to analyze customer behavior through hyper-personalization, aiming to present products that accurately meet target audience needs and improve purchase decision rates.
In addition to its growth strategies, CPAXT is committed to creating 'Community Happiness' by designing store spaces tailored to the specific needs of each community. This initiative includes programs like the "Mit Taa Choh Wua" (True Friend Convenience Store) and the "60 Yang Jae" (60 Still Strong) project, which focuses on sourcing products directly from local farmers and SMEs, thereby fostering local economies and creating jobs.
CPAXT has also received international recognition, being ranked among Asia-Pacific’s Best Companies of 2025 by TIME and Statista, scoring an impressive 90.45 out of 100. This accolade places it in the top five Thai companies in this prestigious ranking. Additionally, the company has been awarded the Top Employer 2025 in Thailand for the third consecutive year by the Top Employers Institute in the Netherlands, highlighting its commitment to exceptional employee management and development standards.
Thanin Buranamanit emphasized the company's dedication to sustainable growth, stating, "We are committed to driving business growth while caring for the environment, society, and maintaining high standards of corporate governance. Our goal is to build trust and value among our customers and the community, ensuring strong returns for our shareholders and investors."
As CPAXT continues to expand its operations, the company remains focused on leveraging technology and innovation to enhance customer experiences and drive sales growth. With a clear vision and strategic approach, CPAXT is well-positioned to navigate the evolving retail landscape in Thailand and beyond.
In summary, CPAXT's strong performance in the first quarter of 2025 reflects its effective strategies and commitment to quality, innovation, and community engagement. As it progresses through the year, the company is poised to continue its upward trajectory, reinforcing its status as a leader in the retail sector.
