Central Pattana plc (CPN) has announced a robust financial performance for the second quarter of 2025, underscored by a 10% year-on-year increase in net profit. The company is capitalizing on this momentum with ambitious expansion plans, including the imminent launch of the Central Park mega-project in Bangkok and a new mall in the tourist hub of Krabi. This strong growth trajectory is complemented by a significant boost in shareholder returns through a record-high dividend and a multi-billion baht share repurchase program, signaling profound confidence in its future outlook.
BANGKOK, THAILAND – Central Pattana reported total earnings of 11,653 million baht for the second quarter of 2025, a 3% increase from the same period last year. More significantly, the company’s net profit, excluding its property development business, surged by 10% year-on-year to reach 3,902 million baht. According to the company’s announcement, this impressive result was primarily driven by the stellar performance of its core shopping center business, which saw both steady revenue growth and a sharp rise in profit margins. This success is attributed to the strength of its business model and highly effective cost management strategies, particularly in controlling energy and marketing expenses.
Ms. Naparat Sriwanvit, Chief Finance, Accounting and Risk Management Officer of Central Pattana plc, provided context on the market environment and the company’s outlook.
“Although private consumption in the second quarter was partially impacted by the earthquake in March, we began to see signs of recovery in May and June,” Ms. Naparat stated. “Fiscal measures and tourism-promotion policies, such as the Thai ‘Half-Half’ travel scheme, together with the rebound in both domestic and international tourist arrivals, are expected to have a positive impact on foot traffic in our shopping centers and on spending power nationwide in the second half of 2025.”
This optimism is backed by tangible returns to investors. In May, the company paid a record-high dividend of 2.10 baht per share. Further bolstering shareholder value, Central Pattana has announced a substantial share repurchase program of up to 5 billion baht, scheduled to run from August 18, 2025, to February 17, 2026. These actions reflect a significantly stronger financial position, highlighted by a steadily improving debt-to-equity ratio, and reinforce the company’s commitment to delivering sustainable and increasing returns.
Strategic Expansion: New Landmarks on the Horizon
Central Pattana is aggressively moving forward with its growth plan, centered on developing new global landmarks and expanding its footprint in key tourist destinations.
The centerpiece of this strategy is Central Park, a flagship mega-project set to open its doors on September 4, 2025. Described as the “ultimate landmark in the heart of Bangkok,” this development is strategically located at the prime corner of Silom and Rama IV Roads, directly opposite the iconic Lumpini Park.
Central Park will feature a world-class shopping center and a state-of-the-art office building, designed to offer a novel lifestyle and work experience that caters to every facet of modern urban living. The company anticipates that the project, packed with leading global brands and partner stores, will attract significant foot traffic and revenue, ultimately elevating Thailand’s retail industry on the international stage.
Following this, on October 24, 2025, Central Pattana will launch its 44th shopping center,
Central Krabi. This project holds the distinction of being the only mixed-use development in Krabi province, a world-renowned tourist destination. The opening is strategically timed to coincide with the peak tourist season, which runs from October 2025 to March 2026. During this period, Krabi is expected to welcome over 4,000 flights, carrying a significant number of high-spending tourists, particularly from Europe and the Middle East, positioning Central Krabi to capture substantial consumer spending.
Enhancing the Core Portfolio and Brand Leadership
In addition to new developments, Central Pattana is heavily investing in the transformation of its existing assets. In the latter half of 2025, both Central Pinklao and Central Chaengwattana will unveil a “new look” following extensive renovations. Central Pinklao will introduce a host of new popular brands to better serve its vast catchment area of over 3 million people. Meanwhile, the total transformation of Central Chaengwattana is expected to drive continued growth in customer traffic, tapping into the high purchasing power of residents in the vicinity.
These physical developments are supported by strong brand-building initiatives. The company continues to solidify its reputation as a leading operator of “Festive Landmarks.” A recent triumph was
Thailand’s Pride Celebration 2025, held under the theme “Pride for All,” which attracted over 1.3 million participants at its properties nationwide, drawing in both Thais and international tourists. Furthermore, through its ‘Summer Grand Sale 2025’ campaign—the country’s largest synergy of retailers—Central Pattana has played a pivotal role in generating economic cash flow and advancing Thailand’s status as a “Global Shopping Destination.”
A Commitment to Sustainability and Corporate Excellence
Central Pattana’s growth is guided by its overarching business model, “The Ecosystem for All,” which aims to create shared value by connecting its business with the community, society, and the environment. This commitment is demonstrated through initiatives like the ‘Better Futures Project 2025’ and the innovative ‘RE’ Lifestyle Roadshow.
A highlight of the roadshow is the “Eco-friendly electric food truck,” a mobile event platform built on an electric pickup truck that travels across Thailand, reducing the carbon footprint of transportation and events while sharing inspirational sustainability stories. The company also promotes a “Worry-Free Journey” for electric vehicle owners by ensuring charging stations are available at its shopping centers.
The company’s all-around excellence has been recognized with a slew of prestigious awards in 2025. For the second consecutive year, Central Pattana was ranked in the ‘2025 Fortune Southeast Asia 500’, placing 205th and standing as the top-ranked real estate company from Thailand.
At the ‘Retail Asia Awards 2025’, it won two major awards: ‘Eco-Friendly Mall of the Year – Thailand’ for Central Westville and ‘Integrated Campaign of the Year – Thailand’. Its commitment to its employees was honored with two Bronze awards at the ‘Employee Experience Awards Thailand 2025’ for its training and certification programs.
In terms of governance, the company received the ‘ASEAN Corporate Governance Scorecard (ACGS)’ award, ranking among the TOP 50 listed companies in the region, affirming its status as a trusted, transparent, and sustainably-driven enterprise.
Looking ahead, Ms. Naparat expressed strong conviction in the company’s trajectory.
“With new shopping center and residential projects set to launch in the second half of the year, along with various government measures, we are confident that our performance in the second half of 2025 will exceed that of the first half,” she concluded.
As of the end of Q2 2025, Central Pattana’s extensive portfolio includes 42 shopping centers, 16 community malls, 10 office buildings, 10 hotels, and 44 residential projects across various brands, underscoring its vast and diversified presence in Thailand’s real estate sector.
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