Central Pattana revenue rises 2% in Q3

Central Pattana reported a 2% increase in revenue for the third quarter of 2026, reaching 13.4 billion baht, with net profit up 4% year-over-year to 4.9 billion baht. The company's president and CEO, Chanawat Uahwatanasakul, attributed this growth to its retail-led mixed-use ecosystem strategy, which focuses on shopping centers at its core.

Two major megaprojects are planned for 2027: The Central, aiming to transform Ladprao-Phahonyothin into The Central District, and Central Central, a youth culture hub in Siam Square. CEO Naparat Sriwanvit highlighted the record-high revenue for the fifth consecutive quarter, driven by new projects and growth in existing shopping centers.

The company maintained consistent gross profit margin growth through cost management and operational efficiency improvements. CPN's strong financial position, with declining net debt-to-equity ratio, supports sustainable long-term growth. The shopping center business achieved record-high revenue from new developments like Central Park, Central Krabi, Central Khonkaen Campus, and Central Northville, along with growth across existing centers.

The company also expanded its portfolio with two GO! Hotels in Chiang Rai and Chiang Mai, and plans for developments in Ayutthaya and Nakhon Pathom. By quarter-end, CPN operated 45 malls, including 43 Central centers in Greater Bangkok, 25 in other provinces, and one in Malaysia, alongside Esplanade and Mega Bangna, as well as 16 community malls.

The total net leasable area was 2.4 million square meters, with additional assets in office buildings, hotels, and residential projects.