REG - DP Poland PLC - Interim Results and Trading Update
Today 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250915:nRSO2066Za&default-theme=true
RNS Number : 2066Z DP Poland PLC 15 September 2025
DP Poland plc
("DP Poland", the "Group" or the "Company")
Interim Results for the Period Ended 30 June 2025 and Trading Update
DP Poland, the operator of pizza stores and restaurants across Poland and
Croatia, is pleased to announce its unaudited results for the six months ended
30 June 2025.
Unaudited Financial Information
Currency: £'000 H1 2025 H1 2024 % change
Restated
Group system sales(1) 28,815 27,274 5.6%
Group revenue 28,676 26,392 8.7%
Group EBITDA(2) 2,538 2,071 22.5%
Group EBITDA margin (%) 8.8% 7.8% -
Group EBITDA(2) (Pre-IFRS 16) 656 180 264.6%
Group loss for the period (457) (1,006) 54.6%
(1) excluding Pizzeria 105
(2) excluding non-cash, non-recurring, non-operating items, share based
payments and store pre-opening expenses. Group EBITDA includes Pizzeria 105
Financial highlights
· Group revenue increased by 8.7% to £28.7m (H1 2024: £26.4m).
· Group system sales were up 5.6% to £28.8m (H1 2024: £27.3m),
excluding Pizzeria 105.
· Group EBITDA improved by 22.5% to £2.5 m (H1 2024: £2.1m).
· Of the Group EBITDA, Pizzeria 105 generated £0.4m revenue and
£0.3m EBITDA in H1 2025 (from the date of acquisition at the end of March
2025).
· Poland system sales increased by 4.9% compared to H1 2024,
primarily driven by new store openings and an increase in average check by
6.8%. Order counts decreased by 1.8% over the same period.
· Poland Like-for-Like (LFL) revenue grew by 0.5% in H1 2025 vs H1
2024. Although consumer sentiment in Poland remained low in the beginning of
2025, we saw a notable recovery in May and June 2025. This is especially
noteworthy given the high benchmark set in June 2024 due to the UEFA European
Championship.
· Croatia system sales grew by 7.0% in H1 2025 vs H1 2024.
Cash at bank amounted to £3.5m as at 30 June 2025 (£11.3m as at 31 December
2024). The decrease in cash is primarily due to the cash consideration paid
for the acquisition of Pizzeria 105 in March 2025 (£5.9m) and store rollout
and renovation (£1.9m).
Operational highlights
· The Group operated 117 Domino's stores, 112 in Poland and 5 in
Croatia at the end of June 2025. In addition, following the acquisition of
Pizzeria 105, the Group operated 90 fully franchised Pizzeria 105 locations
operated by 76 franchisees.
· In the first half of 2025, four new corporate stores were opened,
three were renovated, and four underperforming stores were closed in Poland as
part of the store network optimisation plan.
· Post period end, five corporate stores were opened and four
additional stores are on track to be completed in Q3 2025.
· Five corporate stores were sold to four franchise partners in H1
2025, raising the share of franchised stores to 17% as at June 2025 (June
2024: 7%), highlighting strong progress in this strategic area.
· The first conversions of Pizzeria 105 to Domino's stores began in
July 2025 and have been showing strong sales growth. Further store conversions
are scheduled steadily through the remainder of 2025 and into 2026.
· Investment into the commissary has commenced to expand capacity
by the end of 2025.
· In H1 2025, average pizza delivery times in Poland improved
slightly to 27.0 minutes, compared with 27.5 minutes in 2024. In Croatia,
delivery times averaged 24.8 minutes, consistent with usual performance.
Nils Gornall, CEO, commented:
"Our focus on volume, operational discipline, and clear strategic direction
continues to deliver results. At Group level, profitability improved
significantly, with EBITDA up 22.5% year-on-year in H1 2025.
After a slower than expected start to H1 system sales in Poland, swift action
by the team drove stronger performance in May and June, resulting in system
sales growth of 5.6% year-on-year for the half. Momentum has continued post
period end, with July delivering 4.8% growth and August accelerating
to 13.0% growth year-on-year, driving a 5.9% increase in system sales
year-to-date. In Croatia, we delivered a solid 7% increase in H1 system
sales, positioning us well for planned network expansion in the second half of
the year.
Having achieved three consecutive years of strong double-digit LFL sales
growth, we are advancing our transition to a franchise-led, capital-light
model. Progress has been encouraging, with five corporate stores transferred
to franchise partners in H1 2025. This strategy supports faster expansion,
improves efficiency, and empowers local entrepreneurs, while positioning the
business for more stable and profitable long-term growth. I am pleased to
report that 17% of our network is now franchised, with these stores delivering
strong results, including an EBITDA margin of 8.4% in H1 2025.
A key highlight of the period was the strategic acquisition of Pizzeria
105 in Poland. This acquisition accelerates our growth ambitions. This
acquisition accelerates our growth ambitions, supporting our target of
reaching 200 Domino's stores in Poland by the end of 2027, the majority
franchisee-owned, and positions us firmly on the path to becoming
the Polish market leader. Early progress has been very encouraging, in July
we successfully converted the first two Pizzeria 105 stores to Domino's, both
of which are already showing positive sales growth and attracting new
customers. We are now working closely with the remaining Pizzeria 105
franchise partners to schedule their conversions, with a steady flow expected
through the remainder of 2025 and into 2026.
Looking ahead, I remain confident in the Group's prospects. With a clear
franchise-led strategy, momentum returning to trading in Poland, rising
profitability, and the Pizzeria 105 acquisition providing a platform for
accelerated growth, DP Poland is well positioned for sustainable, profitable
expansion and long-term market leadership."
Post period end trading update
Trading in Poland regained momentum following a slower than expected start
to 2025. System sales grew by 4.8% in July, accelerating to 13.0% in August,
bringing year-to-date growth to 5.9%. This improvement was driven by a 5.8%
increase in order count during July and August compared to the same period in
2024, alongside a 2.9% rise in average ticket size. Growth was particularly
strong in the delivery segment, which rose by 14.0% in July and 23.7% in
August, resulting in an 11.3% year-to-date increase of delivery total system
sales.
In Croatia, system sales (all Like-for-Like) grew by 8.6% in July, continuing
the strong trend from H1 2025. However, growth slowed to 0.6% in August,
impacted by seasonal consumer migration to coastal areas, where we currently
have no presence. Year-to-date through August 2025, Croatia's LFL system sales
increased by 6.9%, with encouraging prospects for the remainder of the year.
The Group expects to deliver a solid performance in Q3 2025 and remains on
track to meet management expectations for Q4 2025. In the months ahead, we
plan to open four additional stores in Poland and launch our first
sub-franchise store in Croatia. We will also continue transitioning corporate
stores to franchise partners, while progressing the conversion of Pizzeria 105
locations to Domino's.
Enquiries:
DP Poland plc
Nils Gornall, CEO
Tel: +44 (0) 20 3393 6954
Email: ir@dppoland.com
Panmure Liberum Limited (Nominated Adviser, Financial Adviser and Broker)
Will Goode / Ailsa Macmaster / Gaya Bhatt
Notes for editors
About DP Poland plc
DP Poland holds the exclusive rights to develop, operate, and sub-franchise
Domino's Pizza stores across Poland and Croatia. The group currently manages
122 Domino's locations in cities and towns throughout both countries.
Chief Executive Officer's Review
I am pleased to share an update on our improved performance in H1 2025. Now in
the fourth year of our High Volume Mentality strategy, we have seen a
transformation in both our network and cost control. This approach has laid a
strong foundation, delivering three consecutive years of double-digit
like-for-like sales growth and a significant uplift in EBITDA.
We have now entered the second stage of our transformation plan, focused on
accelerating store network expansion and advancing our transition to a
franchise-led model. A key milestone was the strategic acquisition of Pizzeria
105 in Q1 2025, which has significantly accelerated our move toward a
sub-franchised, capital-light growth model and underpins the Group's long-term
development.
Store performance
Underlying trading in the first six months of 2025 delivered 5.6% growth in
Group system sales (excluding Pizzeria 105). LFL sales rose by 0.5% in Poland
and 7.0% in Croatia.
Poland
In H1 2025, Polish system sales grew 4.9% year-on-year, driven by an 8.9%
increase in delivery sales, while non-delivery sales declined 3.8% compared
with H1 2024.
In Poland, diminished consumer sentiment and intensified promotional activity
from major players in the Quick Service Restaurant sector weighed on volume
growth at the start of the year. Order counts in Q1 2025 remained broadly
stable versus Q1 2024, but volumes in Q2 declined by 3.4%, reflecting the high
comparative base created by the UEFA European Championship in June 2024.
Despite these volume headwinds, the Polish business achieved a 6.8%
year-on-year increase in average ticket value during H1 2025.
Croatia
Croatian total system sales for H1 grew by 7.0% year on year, all stores are
Like for Like. Delivery sales grew by 15.5%, while non-delivery sales declined
0.7% compared with H1 2024.
Order counts in the period declined by 5.3% as we continued to navigate
inflationary pressures and adjust pizza prices. In July 2025, Croatia recorded
the second-highest inflation rate in the euro area.
The Croatian business achieved a 13.05% year-on-year increase in average
ticket value during H1 2025.
Value for money
Our commitment to operational excellence and delivering outstanding value
continues to drive sales growth. We offer customers a compelling proposition:
high-quality pizza, served quickly, at an attractive price.
Delivery remains at the heart of our business and the area where we excel. In
H1 2025, delivery accounted for 71% of Polish system sales, growing by 2.7%
year-on-year on a LFL basis. This growth is underpinned by consistently high
service standards and fast delivery times, averaging just 27 minutes over the
period.
Alongside delivery excellence, we continue to focus on product innovation
serving delicious pizza and expanding our menu to meet evolving customer
tastes.
Franchise model
As part of our long-term strategy, DP Poland is advancing its transition from
a corporate-operated model to a franchise-led business. In H1 2025, five
corporate stores were successfully transferred to four franchise partners,
marking further progress in selling down our corporate estate and taking
another step toward a capital-light growth model.
This approach allows us to scale more efficiently, reduce capital intensity
and overheads, and reallocate resources to reinvest in new store openings. At
the same time, it empowers entrepreneurial franchisees to deliver stronger
performance at the local level, leveraging their market knowledge and
commitment to operational excellence. Encouragingly, newly franchised stores
are already generating healthy margins, reinforcing the strength of this
strategy.
The transition to a franchise-led model is expected to accelerate expansion,
improve profitability, and deliver more stable earnings through consistent
franchise fee streams, while transferring day-to-day operating risks to
franchise partners. This strategic evolution strengthens the foundation for
long-term, sustainable growth in both Poland and Croatia.
Pizzeria 105
I am excited to welcome Pizzeria 105 into the Domino's family, an acquisition
that unlocks the long-term potential to reach more than 500 locations in
Poland. This strategic move accelerates our transition to a predominantly
franchised business, with 100% of Pizzeria 105's 90 locations already
franchisee-owned and operated by 76 franchise partners. Once converted to
Domino's, these stores will extend our presence into 31 new Polish cities,
further strengthening our growth trajectory.
The acquisition offers a compelling opportunity for Pizzeria 105 franchisees
to become part of Domino's with potential for increased sales and
profitability. To support the transition, DP Poland is offering attractive
incentives, including funding for the rebranding of Pizzeria 105 stores to
Domino's.
Pizzeria 105 significantly increases the Group's scale and unlocks operational
benefits across procurement, logistics, marketing, digital infrastructure, and
head office functions. The acquisition leads to market consolidation, giving
Domino's expanded control over market trends and pricing strategies.
In July 2025 the first two stores have been converted from Pizzeria 105 to
Domino's. We expect rebranding for approximately 70% of Pizzeria 105 stores.
The remaining 30% of these stores are located in areas with territorial
constraints, which may be resolved through potential consolidation with
existing Domino's corporate stores.
Outlook
The Group has entered the second half of the year with positive sales
trends and we expect continued improvements in profitability as growth
builds. A steady flow of Pizzeria 105 conversions into Domino's stores over
the next 12 to 18 months, will further strengthen sales and broaden our
presence across Poland.
Our transition from a corporate-operated model to a franchise-led business
remains central to increasing scale and profitability. This shift, combined
with ongoing network expansion, underpins our ambition to become the clear
market leader in both Poland and Croatia.
Looking ahead, the Group is well positioned to accelerate growth and deliver
sustainable, long-term value for shareholders.
FINANCIAL STATEMENTS
Group Income Statement
for 6 months to 30.06.2025
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to 31.12.2024
Restated
Notes £ £ £
Revenue 2 28,676,322 26,392,438 53,643,542
Cost of goods sold (8,900,978) (7,761,263) (16,314,848)
Materials and energy (1,199,481) (1,146,826) (2,478,174)
External services (5,452,642) (4,872,073) (8,545,521)
Payroll and social charges (10,385,894) (10,352,462) (21,129,487)
Other operating costs (199,703) (188,945) (341,405)
Group adjusted EBITDA* - excluding non-cash items, nonrecurring items, 2,537,624 2,070,869 4,834,107
non-operating items, share based payments and store pre-opening expenses
Store pre-opening expenses (70,475) (19,317) (159,995)
Other non-cash and non-recurring items 209,233 (179,886) (343,455)
Depreciation and amortisation (2,712,170) (2,302,724) (4,658,955)
Impairment of non-current assets - - (616,386)
Reversal of impairment - - 953,367
Share based payments (212,263) (182,427) (386,264)
Foreign exchange gains 108,708 123,567 227,011
Finance income 58,932 11,707 482,952
Finance costs (329,197) (490,004) (883,512)
Loss before taxation (409,608) (968,215) (551,130)
Taxation 4 (47,403) (37,563) 39,042
Loss for the period (457,011) (1,005,778) (512,088)
Loss per share Basic 5 (0.05 p) (0.13 p) (0.06 p)
Diluted 5 (0.05 p) (0.13 p) (0.06 p)
All of the loss for the year is attributable to the owners of the Parent
Company.
* Group adjusted EBITDA - earnings before interest, taxes, depreciation and
amortization excluding non-cash items, nonrecurring, non-operating items,
share based payments and store pre-opening expenses
Group Statement
of comprehensive income
for 6 months to 30.06.2025
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to 31.12.2024
Restated
£ £ £
Loss for the period (457,011) (1,005,778) (512,088)
Currency translation differences 212,648 (316,212) (282,005)
Other comprehensive expense for the period, net of tax to be reclassified to 212,648 (316,212) (282,005)
profit or loss in subsequent periods
Total comprehensive income for the period (244,363) (1,321,990) (794,093)
All of the comprehensive expense for the year is attributable to the owners of the Parent Company.
Group Balance Sheet
at 30 June 2025
Unaudited Unaudited Audited
30.06.2025 30.06.2024 31.12.2024
Restated
£ £ £
Non-current assets
Goodwill 14,306,270 12,380,541 12,374,266
Intangible assets 10,603,876 2,899,864 2,530,246
Property, plant and equipment 9,436,647 6,721,770 8,576,167
Leases - right of use assets 7,456,572 5,596,024 6,974,590
Trade and other receivables 1,968,476 475,904 896,698
43,771,841 28,074,103 31,351,967
Current assets
Inventories 1,112,057 1,118,171 1,205,586
Trade and other receivables 3,545,465 4,453,814 3,524,199
Cash and cash equivalents 3,483,092 15,830,012 11,327,551
8,140,614 21,401,997 16,057,336
Total assets 51,912,455 49,476,100 47,409,303
Current liabilities
Trade and other payables (7,410,569) (7,085,026) (7,173,564)
Lease liabilities (3,115,108) (3,154,566) (3,194,242)
Borrowings - (3,148,231) -
(10,525,677) (13,387,823) (10,367,806)
Non-current liabilities
Lease liabilities (5,072,000) (4,629,584) (5,124,169)
Deferred tax (2,114,619) (616,094) (530,852)
Borrowings - - -
(7,186,619) (5,245,678) (5,655,021)
Total liabilities (17,712,296) (18,633,501) (16,022,827)
Net assets 34,200,159 30,842,599 31,386,476
Equity
Called up share capital 4,719,939 4,598,277 4,598,277
Share premium account 68,644,923 66,074,450 66,074,450
Capital reserve - own shares (48,163) (48,163) (48,163)
Retained earnings (28,837,109) (29,289,887) (28,592,362)
Merger relief reserve 23,516,542 23,516,542 23,516,542
Reverse Takeover reserve (33,460,406) (33,460,406) (33,460,406)
Currency translation reserve (335,567) (548,215) (701,862)
Total equity 34,200,159 30,842,599 31,386,476
Group Statement of Cash Flows
for 6 months to 30.06.2025
Unaudited Unaudited
6 months to 30.06.2025 6 months to Audited
30.06.2024 Year to 31.12.2024
Restated
£ £ £
Cash flows from operating activities
Loss before taxation for the period (409,608) (968,215) (551,130)
Adjustments for:
Finance income (58,932) (11,707) (482,952)
Finance costs 329,197 490,004 883,512
Foreign exchange movements (121,889) (574,214) (226,863)
Depreciation and amortisation 2,712,170 2,302,724 4,658,955
Impairment of non-current assets - - 616,386
Reversal of impairment of non-current assets - - (953,367)
Loss on fixed asset disposal 165,844 - 628,408
Write-off IFRS16 for closed stores (496,987) (574,801) -
Dismantling provision 33,169 56,615 111,590
Loan write-off - - 67,876
Share based payments expense 212,263 182,427 386,264
Operating cash flows before movement in working capital 2,365,227 902,833 5,138,679
Decrease/ (increase) in inventories 93,529 (83,984) (171,399)
(Increase) in trade and other receivables (1,093,044) (631,222) (122,401)
Increase in trade and other payables 237,005 429,435 517,973
Cash generated from operations 1,602,717 617,062 5,362,852
Taxation payable - - -
Net cash generated from operations 1,602,717 617,062 5,362,852
Cash flows from investing activities
Payments to acquire intangible assets (72,246) (145,154) (254,960)
Payments to acquire property, plant and equipment (1,707,525) (1,040,448) (4,775,819)
Proceeds from disposal of property plant and equipment 12,125 1,704 5,148
Interest received 58,932 10,815 474,720
Cash flows from acquiring a subsidiary (5,757,770) - -
Net cash (used in) investing activities (7,466,484) (1,173,083) (4,550,911)
Cash flows from financing activities
Net proceeds from issue of ordinary share capital - 20,022,998 20,025,601
Repayment of lease liabilities (1,573,653) (1,221,986) (3,693,529)
Repayment of borrowings (97,949) (4,000,000) (7,130,798)
Interest paid on lease liabilities (307,627) (305,232) (574,127)
Net cash from/(used in) financing activities (1,979,229) 14,495,780 8,627,147
Net increase / (decrease) in cash (7,842,996) 13,939,759 9,439,088
Exchange differences on cash balances (1,463) 1,788 (2)
Cash and cash equivalents at beginning of period 11,327,551 1,888,465 1,888,465
Cash and cash equivalents at end of period 3,483,092 15,830,012 11,327,551
Group Statement of Changes in Equity
for 6 months to 30.06.2025
Share Currency Capital Reverse Merger
Share premium Retained translation reserve - Takeover Relief
capital account earnings reserve own shares reserve reserve Total
Restated Restated Restated
£ £ £ £ £ £ £ £
At 30 June 2024 - restated 4,598,277 66,074,450 (29,289,889) (548,215) (48,163) (33,460,406) 23,516,542 30,842,599
Translation difference - restated - - - (153,647) - - - (153,647)
Profit for the period - restated - - 493,690 - - - - 493,690
Total comprehensive income for the period - restated - - 493,690 (153,647) - - - 340,043
Shares issued (net of expenses) - - - - - - - -
Share based payments - - 203,837 - - - - 203,837
Transactions with owners in their capacity as owners - - 203,837 - - - - 203,837
At 31 December 2024 4,598,277 66,074,450 (28,592,362) (701,862) (48,163) (33,460,406) 23,516,542 31,386,476
Translation difference - - - 366,295 - - - 366,295
Loss for the period - - (457,011) - - - - (457,011)
Total comprehensive income for the period - - (457,011) 366,295 - - - (90,716)
Shares issued (net of expenses) 121,662 2,570,473 - - - - - 2,692,135
Share based payments - - 212,263 - - - - 212,263
Transactions with owners in their capacity as owners 121,662 2,570,473 212,263 - - - - 2,904,398
At 30 June 2025 4,719,939 68,644,923 (28,837,109) (335,567) (48,163) (33,460,406) 23,516,542 34,200,159
Notes to the Financial Statements
for 6 months to 30.06.2025
1 Basis of preparation
These condensed interim financial statements are unaudited and do not
constitute statutory accounts within the meaning of the Companies Act 2006.
These condensed interim financial statements have been prepared in accordance
with IAS 34 'Interim Financial Reporting' and were approved on behalf of the
Board by the Chairman David Wild.
The accounting policies and methods of computation applied in these condensed
interim financial statements are consistent with those applied in the Group's
most recent annual financial statements for the year ended 31 December 2024.
The financial statements for the year ended 31 December 2024, which were
prepared in accordance with UK-adopted international accounting standards,
IFRIC Interpretations and the Companies Act 2006 have been delivered to the
Registrar of Companies. The auditors' opinion on those financial statements
was unqualified and did not contain a statement made under s498(2) or (3) of
the Companies Act 2006.
Copies of these condensed interim financial statements and the Group's most
recent annual financial statements are available on request by writing to the
Company Secretary at our registered office DP Poland plc, 11 York Street,
Manchester, England, M2 2AW , United Kingdom, or from our website
www.dppoland.com.
2 Revenue
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to
31.12.2024
£ £ £
Corporate store sales 25,502,573 25,504,948 50,662,418
Royalties received from sub-franchisees 371,599 147,445 428,438
Sales or materials and services to sub franchises 1,449,735 557,850 1,570,846
Rental income on leasehold property 321,859 182,195 325,029
Fixtures and equipment sales to sub-franchisees 1,030,556 - 656,811
28,676,322 26,392,438 53,643,542
Revenue by country:
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to
31.12.2024
£ £ £
Poland 27,041,694 24,850,249 50,534,248
Croatia 1,634,628 1,542,189 3,109,294
28,676,322 26,392,438 53,643,542
3 Segmental reporting
The Board monitors the performance of the corporate stores and the commissary
operations separately and therefore those are considered to be the Group's two
operating segments. Corporate store sales comprise sales to the public.
Corporate store sales include sales of Polish and Croatian cash-generating
units, which are presented in Note 2 above. Commissary operations comprise
sales to sub-franchisees of food, services and fixtures and equipment.
Commissary operations also include the receipt of royalty income from
sub-franchisees. The Board monitors the performance of the two segments based
on their contribution towards Group EBITDA - excluding non-cash items,
non-recurring items and store pre-opening expenses. In accordance with IFRS 8,
the segmental analysis presented reflects the information used by the Board.
No separate balance sheets are prepared for the two operating segments and
therefore no analysis of segment assets and liabilities is presented.
Operating Segment contribution
Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Audited Audited Audited
6 months to 30.06.2025 6 months to 30.06.2025 6 months to 30.06.2025 6 months to 30.06.2024 6 months to 30.06.2024 6 months to 30.06.2024 Year to 31.12.2024 Year to 31.12.2024 Year to 31.12.2024
Restated
£ £ £ £ £ £ £ £ £
Corporate stores Commissary Group Corporate stores Commissary Group Corporate stores Commissary Group
Revenues from external customers 25,502,573 3,173,749 28,676,322 25,504,948 887,490 26,392,438 50,662,418 2,981,124 53,643,542
Cost of goods sold (7,516,740) (1,384,238) (8,900,978) (7,139,995) (621,268) (7,761,263) (14,715,705) (1,599,143) (16,314,848)
Gross profit 17,985,833 1,789,511 19,775,344 18,364,953 266,222 18,631,175 35,946,713 1,381,981 37,328,694
Unallocated expenses (17,237,720) (16,560,306) (32,494,587)
Group adjusted EBITDA - excluding non-cash items, non-recurring 2,537,624 2,070,869 4,834,107
items and store pre-opening expenses
Store pre-opening expenses (70,475) (19,317) (159,995)
Other non-cash and non-recurring items 209,233 (179,886) (343,455)
Depreciation and amortisation (2,712,170) (2,302,724) (4,658,955)
Impairment of non-current assets - - (616,386)
Reversal of impairment of non-current assets - - 953,367
Share based payments (212,263) (182,427) (386,264)
Foreign exchange gains 108,708 123,567 227,011
Finance income 58,932 11,707 482,952
Finance costs (329,197) (490,004) (883,512)
Loss before taxation (409,608) (968,215) (551,130)
4 Taxation
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to
31.12.2024
£ £ £
Current tax - -
Deferred tax charge relating to the origination and reversal (47,403) (37,563) 39,042
of temporary differences
Total tax charge in income statement (47,403) (37,563) 39,042
5 Loss per share
The loss per ordinary share has been calculated as follows:
Unaudited Unaudited Audited
6 months to 30.06.2025 6 months to 30.06.2024 Year to
Restated 31.12.2024
£ £ £
Loss after tax (£) (457,011) (1,005,778) (512,088)
Weighted average number of shares in issue (excluding EBT held shares) 932,431,762 792,640,454 857,136,184
Basic and diluted loss per share (pence) (0.05 p) (0.13 p) (0.06 p)
The weighted average number of shares for the period excludes those shares in
the Company held by the employee benefit trust. At 30 June 2025 the basic and
diluted loss per share is the same, because the vesting of share awards would
reduce the loss per share and is, therefore, anti-dilutive.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IR ZZGMLKZLGKZMRecent news on DP Poland
See all newsREG - DP Poland PLC - Interim Results and Trading Update
AnnouncementREG - DP Poland PLC - Notice of Results & Investor Presentation
AnnouncementREG - DP Poland PLC - Result of AGM
AnnouncementREG - DP Poland PLC - Trading Update
AnnouncementREG - DP Poland PLC - 2024 Annual Report and Notice of AGM
Announcement