Central Pattana posts robust Q3/2025 results with strong revenue and profit growth, reaffirming the success of its Retail-Led Mixed-Use model.

• Reflecting the strength of CPN’s stock: a solid portfolio, stable revenue, and excellent financial position with D/E ratio of 0.50.
• The Holistic Partnership Solution strategy stands alongside retail partners to support continuous store expansion, stimulates spending, drives traffic growth, together with efficient cost and expense management.
• In 2026, Central Pattana will welcome ‘Central Khonkaen Campus’, the company’s second project in Khon Kaen province and ‘Central Northville’ Rattanathibet, the largest mixed-use project in Nonthaburi province; and megaproject ‘The Central’ Phahonyothin, the flagship of the future.
• Highlighting the success of the retail-led mixed-use model as Central Park became a talk-of-the-town phenomenon with viral buzz across feeds; Central Krabi received excellent response, attracting more than 40,000 visitors; Phyll Krabi residential project achieved 20% sales on the first day; and Ninya Krabi closed over 90% of its first phase.
• Showcasing all-around excellence, winning 6 major national and Asia-level awards in finance, marketing, and real estate.

Bangkok: Central Pattana plc has announced its Q3/2025 performance, demonstrating continued strong growth driven by its shopping centers. The company reported total earnings of 13.55 billion baht, a 10% increase and a net profit of 5,424 million baht, a 31% year-on-year increase. This reflects a strong financial position with a debt-to-equity ratio (D/E ratio) of 0.50, and being poised to generate more returns for shareholders in 2025. Central Pattana is moving forward with its development plans and will launch a mixed-use project ‘Central Northville’ in Rattanathibet, the largest project in Nonthaburi province, and ‘Central Khonkaen Campus’, its second project in Khon Kaen province in Q2/2026. In addition, Central Pattana will launch a megaproject ‘The Central’ on Phahonyothin Road as a flagship shopping center of the future in Q4/2026. This highlights Central Pattana’s role as a leader in urbanization and economic development in Thailand under the concept of ‘The Ecosystem for All’, connecting the potential of all sectors including business, community, society and the environment in order to achieve strong and sustainable growth together.

Ms. Naparat Sriwanvit, CFO and President, Hotel and Office of Central Pattana plc, said:  “The Thai economy began to show clear signs of recovery in the third quarter (particularly in September and continuing into October) due to the manufacturing sector gradually recovering and government stimulus measures such as the ‘Half-Half Plus Co-payment’ and the ‘Thai Half-Half Travel’ programs where up to 20,000 baht spent on domestic travel are deductible in income tax calculations. This includes dining expenses in our shopping centers; travel expenses in secondary cities can be deducted up to 1.5 times the actual cost. Central Pattana operates over 40 shopping centers in 23 provinces, with more than eight located in secondary cities.”

The Company’s Q3 performance continued to show strong growth across all business groups, in particular, the shopping centers saw continued increases in earnings and profit margins when compared to the same period last year and the first half of the year. The main growth factors include: 1) The success of launching Central Park in September;2) Strong revenue growth from existing shopping centers, driven by the Holistic Partnership Solution strategy, marketing events and the introduction of new domestic and international brands. 3) Improved operational efficiency, such as the installation of additional solar panels and the reduction of energy costs. 4) Effective management of Selling, General and Administrative Expenses (SG&A). Central Pattana is confident that the supporting factors from the government economic stimulus measures and the launch of our new projects in the second half of the year will help push earnings growth upward beyond earnings in the first half of the year.”

Opening two landmark projects in Q3, highlighting the success of the RETAIL-LED MIXED-USE model  

Central Park, the ultimate landmark in the heart of Bangkok, created a talk-of-the-town phenomenon across social media feeds with over 30 million awareness, continuously attracting both Thai and international tourists, while Central Park Offices, an A-Grade office building in the heart of the Super Core CBD has helped support future work-life. Central Krabi with the concept of ‘Made by Krabi – experience all the joys from everything about Krabi’, received great feedback, attracting over 40,000 visitors on the first opening day. Phyll Krabi luxury condominium with over 4 rai of common area received feedback beyond expectations, with 20% reservations on the first launch day and BAAN NINYA KRABI, which opened for reservations in September (the first phase includes houses that are ready for transfer) has already seen over 90% reservations. In addition, Central Pattana has continued with two more transformation projects to elevate local districts and create new destinations for cities: Central Pinklao has been newly renovated under the concept of ‘New Soul of Pinklao’ and Central Chiangmai Airport has also been renovated under the concept of ‘Reimagining Lanna’. Our upcoming projects for Q4/2025 include GO! HOTEL Bangkok Suvarnabhumi Airport, which is located 10 minutes away from the airport and supports every lifestyle, and Phyll Khon Kaen, a new 33-story luxury condominium project at Central Khonkaen Campus, in 2026.

Showcasing all-round excellence in Q3/2025 by continuing to sweep awards in every field

As Thailand’s leading real estate developer, Central Pattana also won the ‘Best Company of the Year 2025’ award in the real estate development category from Finance & Banking Magazine at the Money & Banking Awards 2025, making us the winner of outstanding awards for two consecutive years. In addition, Central Pattana has won two major global awards from 2025 Extel Asia (ex-Japan/ANZ) Executive Team for three consecutive years including Honored Company – Asia Small & Midcap, and Top 3 Companies in Asia ex-Mainland China Property, organized by Extel Insights (formerly Institutional Investor Research), a leading global research company that conducted surveys on 7,600 fund managers and analysts worldwide. Central Pattana won two awards from the IAA Awards for Listed Companies 2025 for the 5th consecutive year in the real estate development industry category, organized by the Investment Analysts Association, which helps reassure analysts’ confidence in the country. Central Pattana won two Gold Awards at the Marketing Excellence Awards 2025 hosted by MARKETING-INTERACTIVE, honoring its outstanding work in Thailand’s marketing industry: Dr. Nattakit Tangpoonsinthana, Chief Marketing Officer, who is behind the success of every campaign, has led the team to win the prestigious ‘Marketing Team of The Year’ award and ‘Excellence in Viral Marketing’ from the ‘International Tourist Privileges’ campaign, which upturned the fiercely competitive challenges of centralwOrld with a user generated content (UGC) marketing strategy that targets Chinese and Asian tourists who use the Xiaohongshu (XHS) platform, surpassing customer traffic and spending targets. Moreover, Central Pattana won three major awards from the PropertyGuru Thailand Development Awards 2025, an award ceremony for outstanding companies in the real estate industry in Thailand organized by the PropertyGuru Group: the awards include the People’s Choice award – judged by the votes of Thai consumers, the Best Condo Architectural Design (Phuket) award for the Phyll Phuket II project and the Best Condo Development (Krabi) award for the Phyll Krabi project.

End of 2025, Central Pattana will operate 44 shopping centers (41Central shopping centers: 17 in Bangkok and its perimeter, 24 in provincial Thailand and one in Malaysia; Esplanade; and Mega Bangna), and 16 community malls, with a total net leasable area of ​​2.3 million square meters. In addition, the company operates 11 office buildings, 11 hotels, and 51 residential projects, comprising condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL, and BELLE GRAND RAMA 9 as well as housing estate projects under the brands: ESCENT TOWN (townhomes), ESCENT AVENUE (home offices), NINYA (semi-detached houses) and NIYAM (luxury detached houses) in addition to various housing estate projects under the brands: NIRATI, BAAN NIRATI and BAAN NIRADA.