CP AXTRA Public Company Limited (CPAXT), the operator of leading wholesale and retail chains “Makro” and “Lotus’s,” has announced its Q1/2026 financial results, showcasing robust growth across all channels. The company reported a significant surge in e-commerce performance and successful regional expansion, reinforcing its position as a dominant player in the ASEAN market.
For the first quarter of 2026, CPAXT recorded total revenue of 136,050 million Baht and a net profit of 2,793 million Baht. This growth was fueled by both wholesale and retail sectors, supported by the strategic opening of new stores and a 27.6% year-on-year (YoY) jump in online sales via the Makro PRO and Lotus’s Smart App platforms. Notably, out-of-store sales now account for 22% of the company’s total sales revenue.
Product Strength and Regional Expansion
The company’s sales performance was further bolstered by high demand for fresh food, dry food, and Private Label products. Additionally, CPAXT saw positive contributions from Renewed Hope Pte. Ltd. (Lucky Frozen brand) in Malaysia, which has strengthened the group’s foodservice business and advanced its growth strategy within the ASEAN region.
Reinforcing its digital leadership, Makro PRO was ranked by Euromonitor International as Thailand’s No. 1 Grocery E-Commerce platform for the second consecutive year.
The mall business sector reported rental and service income of 3,622 million Baht, a 3.8% increase YoY. This success is attributed to the expansion of leasable areas and an optimized tenant mix under the “Happy Mall” concept, which aims to transform shopping centers into community-focused destinations.
Vision for Retail Tech and ESG Leadership
Tanin Buranamanit, Group CEO of CP AXTRA Public Company Limited, commented that the Q1 results reflect steady growth across all sales channels. He emphasized the company’s commitment to investing in high-growth regional economies and evolving products to match consumer behavior. A key focus remains the advancement of technology to solidify CPAXT’s standing as a regional Retail Tech leader.
Furthermore, the company continues to excel in sustainability, recently receiving the Platinum-level Global CSR & ESG Leadership Award 2026. CPAXT was also recognized by S&P Global (DJSI) as being among the Top 5% globally in the Food & Staples Retailing industry, highlighting its dedication to creating long-term value for stakeholders through ESG principles.
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