Central Pattana reports strong performance for Q2/2025 with strong growth in shopping center operations, Driving Continued Net Profit Growth and Record-High Dividend Declaration

• Stronger financial position, delivering enhanced shareholder returns with a record-high dividend payout in May, alongside a share repurchase program valued at 5 billion baht.
• The shopping center business continued to post steady revenue growth and a sharp rise in profit margins, underscoring the strength of the business model and effective cost management.
• Central Park, the best landmark in the heart of Bangkok, will open on 4 September to elevate the Thai retail industry in the international arena; Central Krabi will open on 24 October.
• Showcasing all-round excellence, winning the ‘2025 Fortune Southeast Asia 500’ award for two consecutive years, two major awards at ‘Retail Asia Awards 2025’, two major awards at ‘Employee Experience Awards Thailand 2025’ and ‘ASEAN Corporate Governance Scorecard (ACGS)’.
• Highlighting our reputation as one of the top global landmarks in Thailand’s Pride Celebration 2025 with over 1.3 million participants nationwide and helping put forward Thailand as a global shopping destination, with the ‘Summer Grand Sale 2025’ campaign – the country’s largest synergy of retailers.

Bangkok: Central Pattana plc has announced its Q2/2025 performance, showing continued strong growth, with total earnings of 11,653 million baht in Q2/2025, up 3% year-on-year, and a net profit of 3,902 million baht, up 10% from the previous year (excluding the property development business). In this quarter, the company paid a record-high dividend of 2.10 baht per share, reflecting its stronger financial position with a steadily improving debt-to-equity ratio, Reinforcing its commitment to delivering sustainable and increasing returns to shareholders in 2025, the company also announced a share repurchase program of up to 5 billion baht, to be carried out from 18 August 2025 to 17 February 2026. Central Pattana is moving forward with its major growth plan by opening the mega-project Central Park in the third quarter as well as Central Krabi in the fourth quarter to add more global landmarks and expand its potential in tourist cities. This highlights Central Pattana’s role as a leader in urbanization and economic development in Thailand under the concept of ‘The Ecosystem for All’, which connects the strengths of all sectors – business, community, society and the environment – to grow together steadily and sustainably. The company has also won awards for success in all fields, reflecting 45 years of Central Pattana’s commitment and pride in shaping better futures - because your happiness is our greatest pride.

Ms. Naparat Sriwanvit, Chief Finance, Accounting and Risk Management Officer of Central Pattana plc, said: “Although private consumption in second quarter was partially impacted by the earthquake in March, we began to see signs of recovery in May and June. 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”

“Q2 results continued to show strong growth, particularly in our core shopping center business, which recorded a sharp increase in both revenue and profit margins in line with tenants’ sales growth - especially from new domestic and international brands. This was further supported by effective cost control in areas such as energy and marketing expenses. 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,” said Naparat.

Get ready to meet two new landmarks and a transformation project to be launched in the second half of 2025

On 4 September, discover Central Park, a new global landmark with a shopping center and office building – the ultimate landmark in the heart of Bangkok, which will elevate Thailand’s retail industry in the international arena. Central Park is located at one of the key interchange locations in Bangkok, at the corner of Silom and Rama IV Roads, opposite Lumpini Park. The project will attract significant traffic and revenue as it is packed with leading partner stores, including world-class brands in addition to an office building that offers a new lifestyle and work experience to meet every aspect of urban lifestyles. Also, on 24 October, Central Pattana will open its 44th shopping center: Central Krabi, which is the only mixed-use development in Krabi province, a popular tourist destination for visitors worldwide. During the peak season from October 2025 to March 2026, Krabi is expected to welcome over 4,000 flights, the majority of which will contain high-spending tourists from Europe and the Middle East (as of 17 July 2025). Furthermore, during the third and fourth quarters, Central Pattana will unveil a new look for Central Pinklao and Central Chaengwattana, following their transformation announcements. Central Pinklao will welcome more popular brands throughout its retail space to attract huge traffic to accommodate the catchment area of over 3 million people. After a total transformation, Central Chaengwattana’s customer traffic will continue to grow due to the high purchasing power of customers in the area.

Central Pattana is highlighting its reputation as a leading operator of ‘Festive Landmarks’, with the recent success of Thailand’s Pride Celebration 2025 under the theme ‘Pride for All’ – welcoming over 1.3 million participants nationwide, covering Pride Landmarks nationwide from the North to the South, attracting both Thais and tourists from around the world. The company has contributed in moving Thailand towards becoming a ‘Global Shopping Destination’, with the successful ‘Summer Grand Sale 2025’ campaign featuring the country’s largest synergy of retailers to help generate cash flow and drive the economy and tourism forward.

Moving forward to build a strong business system under the model of ‘The Ecosystem for All’, while caring for society and the environment, covering People (community and society) and Planet (environment) through projects such as the ‘Better Futures Project 2025’ (Year 4), and the first ‘RE’ Lifestyle Roadshow: Care for the Planet | Love the Community through the highlight activity: ‘Eco-friendly electric food truck’, which reduces the carbon footprint from event organizing and transportation by transforming electric pickup trucks into mobile events, and traveling throughout Thailand to share inspirational stories of sustainability. The roadshows that took place throughout June (or Environmental Month) also promoted the ‘Worry-Free Journey’ concept of travel by electric car as charging stations are available at Central shopping centers.

Showcasing all-round excellence, winning awards in every field

Central Pattana has reiterated its leadership in Thailand’s real estate industry by ranking 205th out of the 500 largest companies in Southeast Asia (according to ‘2025 Fortune Southeast Asia 500’) for two consecutive years and ranks the first among real estate companies from Thailand, reflecting the potential of Thai companies in the international arena. Central Pattana won two major awards at ‘Retail Asia Awards 2025’, including ‘Eco-Friendly Mall of the Year – Thailand’ for the development of Central Westville, Central Pattana’s first eco-friendly shopping center prototype, and the ‘Integrated Campaign of the Year – Thailand’ award for its successful marketing campaign to attract tourists worldwide. Central Pattana also won two Bronze awards at ‘Employee Experience Awards Thailand 2025’, including the ‘Best In-House Certification Programme’ and the ‘Best Soft Skills Training Programme’, which highlighted the company’s excellence in international human resources management while promoting the continued personal learning and professional development of employee potential. Central Pattana also received the ‘ASEAN Corporate Governance Scorecard (ACGS)’ award and ranks among the TOP 50 listed companies in ASEAN, with the highest ASEAN CG Scorecard for 2024 (out of 569 companies participating in the assessment process). This reflects that Central Pattana is outstanding in governance, trusted by investors and will always move forward with sustainable development.

As of the end of the second quarter of 2025, Central Pattana operates a total of 42 shopping centers (40 Central shopping centers – 16 in Bangkok and perimeter, 23 in other provinces, and one in Malaysia; Esplanade shopping mall; and Mega Bangna under a joint venture), and 16 community malls, with a total net leasable area of 2.3 million square meters. Central Pattana also operates 10 office buildings, 10 hotels, and 44 residential projects, including condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL, and BELLE GRAND RAMA 9; and housing estate projects under the brands: ESCENT TOWN (townhomes), ESCENT AVENUE (home-offices), NINYA (semi-detached houses), NIYAM (luxury detached houses) and various housing projects under the brands: NIRATI and BAAN NIRADA.