CPN posts 19% jump in core profit as mall rental income hits record
Central Pattana Plc (CPN) reported a strong 2Q26 performance, with revenue rising 8% year-on-year to Bt13.1 billion and net profit increasing 10% to Bt4.75 billion. Core net profit, excluding a Bt99 million non-recurring gain, rose a stronger 19% to Bt4.65 billion. The company’s retail rental business remained the key growth driver, with revenue reaching a […] The post CPN posts 19% jump in core…
Central Pattana Plc (CPN) reported a significant 19% increase in its core profit for the second quarter of 2026, driven by a record-breaking Bt11.53 billion in mall rental income. The company's total revenue rose by 8% year-on-year to Bt13.1 billion, while its net profit grew by 10% to Bt4.75 billion. Core net profit, which excludes a Bt99 million non-recurring gain, increased by an impressive 19% to Bt4.65 billion.
Retail rental business proved to be the main growth driver for CPN, with revenue reaching an all-time high of Bt11.53 billion. This surge was attributed to the opening of new malls, higher occupancy rates at renovated properties, and stronger sales from tenants. The overall gross margin improved to 59.3% from 58.1% in the previous year.
For the first half of 2026, CPN's revenue increased by 9% to Bt26.46 billion, and its core profit jumped by 23% to Bt9.52 billion. Additionally, the company managed to reduce its net debt-to-equity ratio to 0.49 times from 0.63 times. CPN is also preparing for further growth through new mall, residential, and hotel projects planned for the second half of the year.
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