DP Poland PLC, the operator of pizza stores and restaurants in Poland and Croatia, reported strong financial and operational performance for 2025. Key highlights include
**Financial Performance**
Group revenue increased by 15.0% to £61.7 million.
Group system sales grew by 11.3% to £61.4 million.
Adjusted EBITDA rose by 29.2% to £6.2 million, with an improved margin of 10.1%.
Despite a group loss of £4.3 million, primarily due to impairment charges and acquisition costs, the company demonstrated strong trading momentum.
**Operational Expansion**
Acquisition of Pizzeria 105 added 90 franchised stores, significantly expanding the franchise network.
13 Pizzeria 105 stores were converted to the Dominos brand, with encouraging trading performance.
17 corporate-owned stores were sold to franchise partners, increasing the proportion of franchised stores to 33%.
11 new corporate stores were opened, bringing the total store count to 210 by year-end.
**Strategic Progress**
Transition to a more scalable, capital-efficient franchise model, with a focus on reducing capital investment and overhead costs.
New financing facilities with BNP Paribas provided additional liquidity and operational flexibility.
Continued focus on operational efficiencies, supply chain optimization, and cost management to support margin improvement.
**Post-Period Updates**
Strong Q1 2026 performance with 18.9% system sales growth and 9.0% like-for-like sales growth.
Further conversion of Pizzeria 105 stores to Dominos, with positive trading results.
Increased proportion of franchised stores to approximately 35% by Q1 2026.
**Future Outlook**
Confidence in long-term growth opportunities across Poland and Croatia.
Focus on accelerating the franchise-led model and network expansion, targeting over 200 stores by the end of 2027.
Expectation of double-digit system sales growth in 2026, supported by store conversions, rollouts, and improved like-for-like sales.
Overall, DP Poland PLC demonstrated significant strategic and operational progress in 2025, positioning itself for continued growth and improved profitability in the coming years.
| Financial Metric | 2024 (£'000) | 2025 (£'000) | Change (%) |
|---|---|---|---|
| System Sales | 55,170 | 61,394 | 11.3% |
| Revenue | 53,644 | 61,675 | 15.0% |
| Group adjusted EBITDA | 4,834 | 6,246 | 29.2% |
| EBITDA Margin (%) | 9.0% | 10.1% | - |
| Pre-IFRS16 EBITDA | 1,132 | 2,589 | 128.7% |
| Loss for the period | (512) | (4,310) | -742.2% |
| Cash as at year end | 10,663 | 1,439 | -86.5% |
| Lease liabilities (current and non-current) | 8,318 | 8,657 | 4.1% |