CP ALL Public Company Limited's core business is the convenience store retail business under the "7-Eleven" trademark in Thailand. Subsequently, the company expanded its operations by engaging in various businesses that support its core convenience store business, including investments in wholesale, retail, and mall businesses, to strengthen its operations and foster sustainable long-term growth.
| 6M25 | 6M24 | 2024 | 2023 |
|---|
| Revenues | 509,430.22 | 488,950.85 | 987,734.48 | 920,841.35 |
| Expenses | 481,920.92 | 464,368.60 | 937,078.84 | 878,921.70 |
| Net Profit (Loss) | 14,353.69 | 12,558.88 | 25,345.84 | 18,482.13 |
| Assets | 931,772.21 | 915,809.53 | 944,120.29 | 926,491.19 |
| Liabilities | 612,276.87 | 609,147.34 | 624,509.57 | 624,896.08 |
| Shareholders' Equity | 127,021.16 | 115,550.89 | 126,860.24 | 110,995.45 |
| Operating | 27,896.48 | 26,481.40 | 76,169.39 | 87,171.85 |
| Investing | -13,179.38 | -14,791.75 | -28,950.68 | -28,066.74 |
| Financing | -31,491.22 | -25,471.10 | -59,904.21 | -62,987.73 |
| EPS (Baht) | 1.57 | 1.37 | 2.77 | 2.01 |
| GP Margin (%) | 22.81 | 22.36 | 22.58 | 21.92 |
| NP Margin (%) | 3.20 | 2.94 | 2.99 | 2.37 |
| D/E Ratio (x) | 1.92 | 1.99 | 1.95 | 2.07 |
| ROE (%) | 22.38 | 20.64 | 21.31 | 17.46 |
| ROA (%) | 5.81 | 5.27 | 5.49 | 4.65 |
The company focuses on developing new ready-to-eat products to offer a variety of choices to customers, such as savory dishes, fresh fruits, snacks, and beverages. One of the company's outstanding product strategies is to be the top-of-mind destination for customers when thinking of food and beverages (Food and drink destination), in line with the slogan “Whenever you're hungry, stop by” and“Whenever you're hungry, order now” The company also develops products with partners, especially Thai SMEs and farmers, not only creating income and opportunities for small producers but also helping to promote Thai food culture and products to be known both domestically and internationally. In addition, the company also developed O2O seamlessly connecting offline and online channels through the service 7Delivery and All Online. on the app. 7App to enable customers to purchase products more conveniently, while enhancing comprehensive services within 7-Eleven stores in collaboration with quality partners such as eXta Plus (pharmacy and health), Counter Service (financial services), and parcel delivery services, to fulfill all customer needs in one place and operate the business with a sustainability concept.
The company aims to develop operational efficiency alongside communication with employees, partners, and stakeholders by establishing a sustainability strategic framework for 2024–2025 under the concept of “2 Reduce, 4 Create, 1 DNA” in 3 dimensions, namely: Environmental dimension “Reduce Plastic, Reduce Energy” aiming for Carbon Neutrality by 2030 and Net Zero by 2050, Social dimension “Building People, Jobs, Careers, and Reassuring Communities” aims to develop access to education and careers for 500,000 individuals and generate income for 250,000 farmers/SMEs by 2030, and Governance dimension“1 DNA of Goodness 24 Hours” to unite over 200,000 employees and SME partners in driving the organization towards sustainability together with society.
CP ALL Public Company Limited is a leader in the Thai retail business, managing over 15,000 7-Eleven stores. The company focuses on developing ready-to-eat product categories and offers comprehensive services, alongside expanding into O2O (Online-to-Offline) via the 7App for customer convenience. Furthermore, it supports Thai SMEs and farmers to drive sustainable growth and create economic and social opportunities.
The operating results for Q2 2025 are as follows:
Total Revenue: The Company had total revenue of 256,574 million Baht, an increase of 3.4% from the same quarter of the previous year, primarily due to an increase in sales revenue across all business groups, comprising convenience store business, wholesale and retail trade business and shopping malls, and other business groups. Additionally, the O2O strategy of each business unit continues to be another contributing factor to revenue growth.
Gross Profit: The Company's gross profit from sales and services increased by 4.9% from the same quarter of the previous year, resulting in the gross profit margin increasing to 22.8% from 22.4% in the same quarter of the previous year.
Net Profit: The Company reported a net profit increase of 8.5% from the same quarter of the previous year, reaching 6,768 million Baht, primarily due to the improved performance of the convenience store business group, coupled with effective cost and expense control.
7-Eleven Store Expansion
- In Q2 2025, the Company opened an additional 165 new domestic branches, resulting in a net increase of 350 branches in the first half of 2025, representing 50 percent of the set target. This brought the total number of branches to 15,595 at the end of Q2.
- Additionally, the Company expanded its branches in neighboring countries, including Cambodia and Lao PDR. By the end of Q2, the Company had a total of 141 international branches, comprising 123 branches in Cambodia and 18 branches in Lao PDR.
O2O Development
- Furthermore, the Company offers O2O services through 7Delivery and All Online to meet customer needs through a wider range of channels. The Company has received excellent feedback from customers, resulting in O2O sales growing in parallel with in-store sales and maintaining a proportion of 11 percent of total sales in Q2 2025.
The Company has appointed a Risk Management Committee to oversee the organization's risk management policies and guidelines. The Risk Management Department and the Compliance Department serve as key mechanisms supporting these operations. The Company considers significant risks across four dimensions, namely: Business Risk, Emerging Risk, Sustainability Risk, and Black Swan Risk, to ensure security and the sustainability of the business.
The Company has also elevated risk management to cover all departments by integrating it with strategic plans and business operations, and by utilizing All Risk Intelligence (ARI) technology to systematically monitor and report risks, as well as developing a Risk Score to continuously assess and improve departmental efficiency.
Furthermore, the Risk Management Committee conducted an annual performance evaluation, which in 2024 achieved an excellent score of over 94%, reflecting systematic and efficient risk management and alignment with the Company's sustainable growth objectives.
| as of 30/06/25 | CPALL | COMM | SET |
|---|---|---|---|
| P/E (X) | 14.79 | 15.25 | 14.76 |
| P/BV (X) | 2.92 | 1.23 | 1.03 |
| Dividend yield (%) | 3.08 | 3.55 | 4.39 |
| 30/06/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 395,256.46 | 500,807.90 | 503,053.68 |
| Price (B/Share) | 44.00 | 55.75 | 56.00 |
| P/E (X) | 14.79 | 21.16 | 31.20 |
| P/BV (X) | 2.92 | 4.18 | 4.71 |
