CP Axtra Reports Strong Q3 Growth Driven by Online Sales

According to a report by Khaosod Online Thailand, CP Axtra Public Company Limited (CPAXT) has released its financial results for the third quarter of 2026. The company, which operates the Makro and Lotus's retail and wholesale chains, recorded a total revenue of 130.362 billion baht. The firm reported a normalized net profit of 2.013 billion baht, supported by strong performance in its Malaysian operations and a significant 26% growth in online sales channels.

Thanik Tharawisith, Chief Financial Officer at CP Axtra, noted that the company incurred one-time, non-cash accounting expenses during this period related to long-term growth strategies. While these items impacted the current net profit, management expects them to contribute positively to financial performance starting in the fourth quarter and throughout 2027. The company is currently focusing on omnichannel development to align with evolving consumer behaviors.

For residents and visitors in Thailand, this growth reflects the ongoing shift toward digital retail platforms within the country's major supermarket chains. While the company remains optimistic about its long-term transformation, the actual impact of these strategic investments on future profitability remains to be confirmed in upcoming fiscal reports. The company continues to emphasize price strategies and inventory management efficiency as key drivers for its retail business.