Bangkok, 12 November 2025 – Mr. Panet Mahankanurak, Chief Financial Officer of Central Retail Corporation Public Company Limited, stated that “Thailand’s economic outlook in 2025 remains in a slowdown phase and continues to face challenges from both domestic and global factors, which have affected consumer purchasing power in recent periods. However, Central Retail continues to operate with stability, in line with its ‘New Heights, Next Growth’ strategy. The company recorded total revenue of THB 194,440 million for the first nine months of 2025, an increase of 0.5%. Core net profit was THB 5,112 million, a decrease of 13% compared to the same period last year. For the third quarter, the company reported total revenue of THB 62,516 million, a decrease of 0.9%, and a core net profit of THB 1,299 million, a decrease of 26% compared to the same period last year.”

GO! Mall Yen Bai has received an excellent response from customers in Vietnam

In Q3, a key highlight was the opening of two additional GO! Malls in Vietnam, Hung Yen and Yen Bai. Both locations received excellent responses from Vietnamese consumers and achieved strong performance, with occupancy rates exceeding 90%—well above the target. This performance aligns with Vietnam’s strong economic momentum, which recorded growth of 8.23% in Q3. Meanwhile, in Thailand, Central Retail continued to expand its retail network with banners such as TOPS, GO WHOLESALE, and AUTO1, while also strengthening its portfolio with new lifestyle brands including Aveda—a leading global hair-care brand for which CMG has obtained exclusive distribution rights in Thailand. In addition, various retail businesses across the group continued to organise activities and marketing campaigns to deliver experiences that go beyond shopping for customers.

Central Department Store Pinklao – Newly Renovated

GO! Mall Thang Long – Newly Renovated

In the last quarter of 2025, Central Retail expects the year-end economic outlook to improve, supported by government stimulus measures such as the ‘Tiew Dee Mee Kuen’ (เที่ยวดีมีคืน) and ‘Khon La Krueng Plus’ (คนละครึ่งพลัส) co-payment programs, together with marketing activities organised by Central Retail and its portfolio of brands. These efforts are expected to boost traffic, enhance the shopping atmosphere, and stimulate consumer spending during the high season. Throughout 2025, Central Retail has executed its strategic plan effectively, achieving new branch openings as targeted while continuing to drive growth in high-potential markets across Thailand and Vietnam. By year-end, Central Retail expects to reach a total of 76 Central and Robinson Department Stores, more than 700 TOPS stores, 88 Thaiwatsadu stores, 28 Robinson Lifestyle malls, 44 GO! Malls and 16 go! in Vietnam. The company also plans to complete renovations of several stores by the end of the year, including Central Department Store Pinklao, Central Department Store Chaengwattana, as well as GO! Mall Thang Long and GO! Mall Dong Nai in Vietnam—all of which will reopen with a refreshed look to welcome customers. In addition, Central Retail’s New Growth Engine businesses continue to expand into high-potential locations across Thailand, with GO WHOLESALE expected to reach 14 branches and AUTO1 to exceed 50 branches by the end of 2025. Meanwhile, ongoing platform development in the online channel has driven strong results, with sales from the Central App increasing by 23% in the first nine months of 2025 compared to the same period last year.

“With the strength of Central Retail’s ecosystem in Thailand and Vietnam will continue to drive the organisation’s stable growth. We are confident that, under the “New Heights, Next Growth” strategy and with Central Retail’s efficient business management, we will accelerate and extend the company’s growth — overcoming every challenge and moving toward truly sustainable progress,” Mr. Panet concluded.