Thai Enquirer
CPN posts 19% jump in core profit as mall rental income hits record
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
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.
Key facts
- For the first half of 2026, CPN’s revenue increased 9% to Bt26.46 billion while core profit jumped 23% to Bt9.52 billion
- The company’s retail rental business remained the key growth driver, with revenue reaching a record Bt11.53 billion, supported by new malls, higher occupancy at renovated properties and stronger tenant sales
- The company also reduced its net debt-to-equity ratio to 0.49 times from 0.63 times, while preparing for further growth from new mall, residential and hotel projects in the second half of the year.
Summary
The company’s retail rental business remained the key growth driver, with revenue reaching a record Bt11.53 billion, supported by new malls, higher occupancy at renovated properties and stronger tenant sales. Overall gross margin improved to 59.3% from 58.1% a year earlier.
For the first half of 2026, CPN’s revenue increased 9% to Bt26.46 billion while core profit jumped 23% to Bt9.52 billion. The company also reduced its net debt-to-equity ratio to 0.49 times from 0.63 times, while preparing for further growth from new mall, residential and hotel projects in the second half of the year.