{"id":281333,"date":"2026-11-10T05:29:00","date_gmt":"2026-11-09T22:29:00","guid":{"rendered":"https:\/\/www.thestorythailand.com\/?p=281333"},"modified":"2026-11-10T10:32:09","modified_gmt":"2026-11-10T03:32:09","slug":"central-pattana-q3-2026","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/central-pattana-q3-2026\/","title":{"rendered":"CPN reports record core revenue in Q3\/2026, Unveils 2027 mega-projects"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Central Pattana Public Company Limited reported continued strong performance in Q3\/2026, with total revenue of THB 13,399 million, up 2% quarter-on-quarter, net profit of THB 4,932 million, an increase of 4% quarter-on-quarter. The shopping centre business remained a key growth driver, achieving record-high core business revenue for the fifth consecutive quarter. Building on the success of its Retail-led Mixed-use strategy, Central Pattana continues to drive growth across all businesses and develop new projects in high-potential locations, reinforcing its leadership in Thailand\u2019s property development sector. Guided by its vision of \u201cThe Ecosystem for All,\u201d the company remains committed to delivering strong, sustainable long-term growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chanawat Uahwatanasakul, President and Chief Executive Officer of Central Pattana Plc., said,<\/strong> \u201cCentral Pattana firmly believes in Thailand\u2019s growth potential and is committed to playing a key role in shaping the future of Thai cities and the economy. Through the development of projects that create value for people, businesses and communities, we aim to enhance quality of life and unlock new economic opportunities. Our Retail-led Mixed-use Ecosystem strategy, with shopping centres at its core, serves as a key growth driver, connecting and strengthening our businesses to create long-term synergies. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2027, we are set to launch two major mega-projects: The Central, transforming the Lat Phrao\u2013Phahon Yothin area into The Central District, and CenTRal cENtrAL, a global hub for youth culture and a vibrant gathering place for the next generation in the heart of Siam Square. These developments reflect our commitment to contributing to Thailand\u2019s sustainable growth and long-term development.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Naparat Sriwanvit, Chief Financial Officer and President of Finance, Accounting, Hotel and Office Businesses at Central Pattana Plc.,<\/strong> said, \u201cOur Q3 performance reflects the strength of our core business, which achieved record-high revenue for the fifth consecutive quarter, driven by the success of new projects and continued growth across our existing shopping centres. We also maintained consistent growth in gross profit margin through effective cost management and ongoing operational efficiency improvements. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, Central Pattana continues to maintain a strong financial position, with a steadily declining net debt-to-equity ratio despite ongoing investments and business expansion. This reflects our strong financial discipline and readiness to support stable, sustainable long-term growth.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Strong Core Business Growth, Building on the Success of the Retail-led Mixed-use Strategy<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Shopping Centre Business Continues to Achieve Record-High Revenue,<\/strong> driven by the success of new developments, including Central Park, Central Krabi, Central Khonkaen Campus and Central Northville, alongside sustained growth across existing shopping centres. This has contributed to rising occupancy rates, increased footfall and tenant sales, supported by strategic tenant mix optimisation and engaging marketing activities that meet evolving consumer needs.<\/li>\n\n\n\n<li><strong>Reinforcing the Success of World-Class Landmarks,<\/strong> Central Park marked its first anniversary with over 25 million visits, including more than 10 million visits by international tourists, reaffirming its position as a world-class mixed-use landmark that elevates Bangkok&#8217;s appeal as a global destination. Meanwhile, Central Pattana continues to transform Central Bangna, enhancing the potential of this strategically located shopping centre to support urban growth and evolving lifestyles.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, the <strong>GO! Hotel business continues to grow<\/strong>, driven by expansion into high-potential locations. In Q3\/2026, two new hotels opened: GO! Hotel Chiang Rai and GO! Hotel Chiang Mai Highway, demonstrating Central Pattana\u2019s ability to expand its hotel business within its integrated ecosystem. Looking ahead to Q4\/2026, the company is set to launch sales of the PHYLL Nakhon Pathom condominium project and open GO! Hotel Ayutthaya, further unlocking growth opportunities and creating long-term value across its business portfolio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Secures Over 10 Prestigious National and International Awards, Reinforcing Excellence Across All Dimensions. <\/strong>These accolades reflect Central Pattana\u2019s leadership across corporate management, marketing, property development and finance, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate Leadership: The \u201cBest CEO\u201d in the Real Estate Sector at the CEO ECONMASS Awards 2026.<\/li>\n\n\n\n<li>Marketing: ICSC MAXI Awards 2026, widely regarded as the Oscars of the retail industry; Marketing Excellence Awards 2026, a prestigious regional marketing awards programme; and 2026 Thailand\u2019s Social Power Brand, recognising brands based on authentic consumer voices on social media.<\/li>\n\n\n\n<li>Financial: IAA Awards for Listed Companies 2026 by the Investment Analysts Association (IAA); SET Awards 2026 by the Stock Exchange of Thailand; 2026 Extel Asia Equities Awards, organized by Extel Insights LLC and Money &amp; Banking Awards 2026.<\/li>\n\n\n\n<li>Property Development: Prestigious awards from Dot Property, PropertyGuru and LivingInsider.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These achievements reaffirm Central Pattana\u2019s strong reputation, industry leadership and commitment to world-class excellence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reinforcing Leadership as a Festive Destination, Driving Thailand\u2019s Economy and Tourism During the Year-End Season<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Central Pattana continues to create spectacular year-end celebrations with \u201cA Celebration of Wonders 2027\u201d, transforming Central shopping centres nationwide into festive landmarks. Building on this momentum, the company is set to deliver Thailand &amp; Bangkok Countdown 2027, extending the iconic celebration at centralwOrld in the heart of Bangkok to countdown landmarks at Central shopping centres across Thailand, stimulating consumer spending, attracting tourists and driving Thailand\u2019s economy in the final quarter of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By the end of Q3\/2026, Central Pattana operates a total of 45 shopping centres (43 Central shopping centres: 17 in Bangkok and perimeter, 25 in other provinces and one in Malaysia in addition to Esplanade and Mega Bangna) and 16 community malls, with a total net leasable area of \u200b\u200b2.4 million sq.m. In addition, there are 11 office buildings, 15 hotels, and 52 residential projects (both high-rise and low-rise).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.thestorythailand.com\/en\/central-pattana-lkano-centres\/\">Central Pattana, Ikano Centres launch THB 6 billion Megabangna expansion<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.thestorythailand.com\/en\/nestle-coffee-factory\/\">Nestl\u00e9 invests THB 23 billion in new coffee factory in Thailand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Pattana (CPN) delivers strong Q3\/2026 results with total revenue of THB 13.39 billion. Core revenue hits record high for five consecutive quarters<\/p>\n","protected":false},"author":8,"featured_media":281336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,13935],"tags":[52163,52164,52165,8253,11632,37910,38972,52161,52162],"class_list":["post-281333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","category-press-release","tag-retail-property","tag-retail-led-mixed-use","tag-chanawat-uahwatanasakul","tag-real-estate","tag-central-pattana","tag-cpn-2","tag-earnings-report","tag-business-finance-2","tag-q3-2026-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPN reports record core revenue in Q3\/2026, Unveils 2027 mega-projects - The Story Thailand<\/title>\n<meta name=\"description\" content=\"Central Pattana (CPN) delivers strong Q3\/2026 results with total revenue of THB 13.39 billion. 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