REG - DP Poland PLC - Q3 2025 Trading Update

DP PolandAnnouncement

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RNS Number : 1823D  DP Poland PLC  14 October 2025

DP Poland PLC

("DP Poland", the "Company" or the "Group")

Q3 2025 Trading Update

DP Poland PLC, the operator of Domino's Pizza stores and restaurants across
Poland and Croatia, announces its unaudited trading update for the nine months
ended 30 September 2025.

Nils Gornall, Chief Executive Officer, commented:

"DP Poland delivered its strongest sales growth of the year in Q3 2025,
reflecting sustained momentum and effective execution of our growth strategy.
System sales in Poland rose 9.2% in Q3 and 6.3% year to date, driven by a 6.5%
increase in orders and higher average ticket values. The delivery channel
continued to lead performance, with LFL delivery system sales up 4.7% this
quarter.

We are advancing on our strategy to transition to a franchise-led,
capital-light model, further empowering local entrepreneurs and unlocking
capital for faster expansion. Throughout the year, five corporate stores were
transferred to franchise partners, lifting the franchised share of the network
to 18%, and we remain on track to exceed 25% by year-end.

The acquisition of Pizzeria 105 has accelerated our pathway to 200 stores in
Poland, with four successful pilot conversions paving the way for the Q4 2025
rollout of conversions. Early trading results for the converted stores have
been highly encouraging, indicating strong customer demand and operational
alignment.

With record trading levels, profitability improving, and a scalable platform
for growth, DP Poland remains well positioned  to deliver sustained,
profitable expansion and long-term market leadership."

Financial Highlights

·    Sales in Poland strengthened significantly from May onwards, after a
slower than expected start of 2025. System sales increased in Q3 2025 by 9.2%
compared with the same period in 2024, driven by new store openings and an
increase in average check by 2.6%.  Q3 2025 order counts increased by 6.5%
over the same period.

·    Like-for-Like (LFL) sales momentum improved in Q3, reversing the
negative trend seen earlier in the year. LFL system sales grew 1.1% in the
quarter, with LFL orders down 3.2%. Enhanced marketing activity supported
growth in e-commerce and aggregator channels, and this trend is expected to
continue.

·    In Croatia, LFL system sales increased by 1.9% in Q3 2025, with
growth moderating in July and August 2025 due to seasonal consumer migration
to coastal regions. For the nine months ended 30 September 2025, LFL system
sales rose by 5.3%, supported by an 12.9% year-on-year increase in the
average ticket. Management expects this positive trend to continue through
the remainder of the year.

 

 

Operational Highlights

·    The Group currently operates 124 Domino's stores, with 18% franchised
across Poland and Croatia and 86 Pizzeria 105 locations, 100% franchised.

·    The Pizzeria 105 conversion model has been developed, with four pilot
stores now operating as Domino's. Rollout is underway, with a further 6 - 8
further conversions planned in Q4 2025 and the pace of conversions expected to
build over the following periods.

·    In 2025, eight new corporate stores were opened and six
underperforming stores were closed in Poland as part of the store network
optimisation plan.

·    Five corporate stores were sold to four franchise partners in the
first three quarters of 2025, raising the share of franchised stores to 18% as
at September 2025 (September 2024: 11%).

 

Financials

Poland

 PLNm                   Q1 2025                      Q2 2025                      Q3 2025                  YTD SEPT 2025
                        PLNm           % YoY change  PLNm           % YoY change  PLNm       % YoY change  PLNm         % YoY change
 Total System sales(1)       66.3      6.5%               70.2      3.4%             69.6    9.2%           206.1       6.3%

 LFL System sales(2)         60.1      2.9%               62.8      -1.6%            58.6    1.1%           181.5       0.7%
 non-delivery                17.0      -2.0%              17.8      -7.3%            16.0    -7.4%             50.8     -5.6%
 delivery                    43.1      4.8%               45.0      0.8%             42.7    4.7%           130.8       3.4%

 

 M Orders                Q1 2025                             Q2 2025                             Q3 2025                         YTD SEPT 2025
                         M Orders              % YoY change  M Orders              % YoY change  M Orders          % YoY change  M Orders            % YoY change
 Total System orders(1)           1.1          -0.1%                  1.2          -3.4%                1.2        6.5%                  3.5         0.9%

 LFL System orders(2)             1.0          -4.5%                  1.0          -9.0%                1.0        -3.2%                 3.0         -5.8%

( )

(1   )System Sales and System orders - total retail sales or orders
including sales or orders from corporate and sub-franchised stores, unaudited
(excluding Pizzeria 105 stores)

(2  )Like-for-like System sales and System orders is reported in Polish
Złoty and reflects performance over comparable trading periods for the same
stores, unaudited (excluding Pizzeria 105 stores)

Croatia

 EURm                   Q1 2025                             Q2 2025                             Q3 2025                       YTD SEPT 2025
                        EURm                  % YoY change  EURm                  % YoY change  EURm            % YoY change  EURm            % YoY change
 Total System sales(1)           1.0          12.7%                  1.0          1.7%                0.9       1.9%                2.8       5.3%

 LFL System sales(2)             1.0          12.7%                  1.0          1.7%                0.9       1.9%                2.8       5.3%

 

 M Orders                Q1 2025                             Q2 2025                             Q3 2025                       YTD SEPT 2025
                         M Orders              % YoY change  M Orders              % YoY change  M Orders        % YoY change  M Orders        % YoY change
 Total System orders(1)           0.1          1.1%                   0.1          -11.2%              0.1       -9.6%               0.2       -6.8%

 LFL System orders(2)             0.1          1.1%                   0.1          -11.2%              0.1       -9.6%              0.2        -6.8%

 

(1   )System Sales and System orders - total retail sales or orders
including sales or orders from corporate stores, unaudited

(2   )Like-for-like System Sales and System orders is reported in Euro and
reflects performance over comparable trading periods for the same stores,
unaudited

Outlook

Transitioning from a corporate-operated structure to a franchise-led business
remains a key pillar of the Group's strategy. This evolution, combined with an
expanding store network, is integral to achieving the Group's ambition to
establish a leadership position in both Poland and Croatia. Looking ahead, the
Group is well positioned to accelerate its growth trajectory and generate
sustainable, long-term value for shareholders. The Board remains confident in
the performance and future growth of the Group and expects Group EBITDA
(pre-IFRS 16) for the year ended 31 December 2025 to be broadly in line with
market expectations.

The person responsible for arranging the release of this announcement on
behalf of the Company is Nils Gornall, CEO.

 

Enquiries:

 DP Poland plc                                                              Tel: +44 (0) 20 3393 6954

 Nils Gornall, CEO                                                          Email: ir@dppoland.com

 Panmure Liberum Limited (Nominated Adviser, Financial Adviser and Broker)  Tel: +44 (0) 20 3100 2000

 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
124 Domino's locations in cities and towns throughout both countries.

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