DP Poland (LSE:DPP) said trading in 2025 came in line with market expectations, supported by improving momentum through the year. Group system sales increased 11.3% on a reported basis to £61.4 million, while pre-IFRS 16 EBITDA more than doubled to £2.6 million. Performance was aided by a strong fourth quarter and improving like-for-like trends across both Poland and Croatia.
The group made significant progress in shifting towards a franchise-led, capital-light operating model during the year. The proportion of franchised stores increased from 12% to 33%, while integration of the acquired Pizzeria 105 outlets continued. DP Poland also began consolidating its supply chain, actions that management said are already contributing to margin expansion and operational efficiency.
Looking ahead, the company expects these initiatives to support double-digit system sales growth and further EBITDA improvement in 2026. Management is targeting an estate of more than 200 stores and a majority-franchised network by 2027, positioning the group for more sustainable, scalable growth.
Despite revenue momentum and supportive strategic developments, DP Poland’s overall outlook remains mixed. While recent corporate actions and operational progress provide grounds for optimism, profitability challenges, bearish technical indicators and weak valuation metrics continue to weigh on sentiment.
More about DP Poland plc
DP Poland plc operates Domino’s Pizza restaurants and delivery stores in Poland and Croatia under exclusive development and sub-franchising rights. The group is pursuing a dual-brand strategy that combines the Domino’s international franchise with its owned Pizzeria 105 chain, expanding coverage of the Polish pizza market while driving scale efficiencies across its store network and supply chain.
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