FY25 results as expected, with FY26 tracking in line with market expectations

Key highlights:

• FY25 results in line with guidance, with a solid finish over the Christmas trading period
• Underlying³ free cash flow of £84.6m reflecting the highly cash‑generative nature of the business
• Proposed Final Dividend 7.7p (+3%), taking the total to 11.3p for the full year, reflecting continued strong cashflow generation and confidence in the business
• FY26 performance is tracking in line with current market expectations

FY26 strategic priorities - focusing on the core:
With a solid base to build on, Domino’s will focus on its core in FY26 across four key strategic priorities that will reinforce and grow the business.

1. 1. Growing revenue through the core
2. 2. Growing the addressable market
3. 3. Digital acceleration
4. 4. Operational efficiency & cost control

Commenting on the results, Nicola Frampton, Interim CEO said:
“We had a good finish to 2025, delivering full year results that were in line with guidance. I’m grateful to our colleagues and franchisees for their focus and hard work to deliver this outcome, and I’m pleased with the strong momentum we are carrying into 2026.

“In 2026, we are focused on strengthening our core business and driving disciplined execution across the organisation. In particular, we are excited about a number of strategic and operational initiatives to drive sustainable growth, including: the successful system-wide launch of CHICK ‘N’ DIP; a strong pipeline of wider product innovation; the development of our loyalty program and continued enhancements to our industry-leading supply chain.

“These initiatives, combined with Domino’s exceptional brand and strong market position, give me great confidence in our ability to create further value for our customers, franchise partners and shareholders.”

Key Financials

FY 2025 financial summary:

• Underlying³ FY25 EBITDA in line with guidance and market expectations:
  • Underlying³ EBITDA down 6.6% to £133.9m. The key drivers of the decrease are:
    • Supply chain: Lower volumes in H2 and gross profit margin decline due to mix and higher rebates
    • Overheads: Impact of investment in skills and capabilities
• Positive system sales growth:
  • Total system sales up 1.5%.
  • Like-for-like⁴ system sales (ex. VAT, ex. splits) up 0.2%.
• Group revenue increased to £685.4m, driven by an increase in Corporate Stores revenue offset by a decrease in total orders down 0.9%:
  • Like-for-like orders (ex. VAT, ex. splits) down 2.3%.
• Challenging consumer backdrop remained through the second half of the year
• 31 store openings - slightly ahead of revised expectations
• Free cash flow of £80.7m reflecting highly cash‑generative nature of the business
• Net debt of £284.6m, in line with guidance range
• 3% increase in FY25 dividends, to 7.7p per share reflecting confidence in the business
• Statutory profit before tax of £81.1m, after non-underlying items of £10.1m, including:
  • £10.4m Shorecal impairment which was driven by:
    • Adverse impacts from the UK 2024 budget and tough economic conditions
    • Driver employment transition in Ireland
  • White space opportunity remains solid
  • £6.0m transaction costs:
    • Expenditure on transactions that ultimately did not proceed, with the potential for some future costs which are not anticipated to be material to the Group’s financial position
    • All work on second brand initiatives has been ceased
  • Disposal of a 25% stake in Full House for £17.6m generating a £9.9m profit

Resilient business model and strength of Domino’s system drives market share gains:

• Market share gains in 2025 further strengthen Domino’s market position
  • DPG’s share of UK takeaway market +0.3ppts to 7.3%⁵
  • DPG’s share of UK pizza takeaway market +7.5ppts to 52.6%⁵
• Sustained industry leading delivery times, with average times down across UK
  • 24.3 minutes in 2025 (2024: 24.5 minutes)
• Expanded loyalty trial performing well
• Outstanding supply chain delivering to 1,399 stores
  • Automation projects under way and on track to deliver further efficiencies and support underlying margins
• Successful ERP implementation across entire supply chain centres
• Attractive growth opportunity remains in Ireland due to under penetration vs. UK
  • In March 2025 DPG purchased an additional share of Victa DP Ltd bringing DPG’s shareholding to 70%
• Positive customer reaction to the introduction of CHICK ’N’ DIP following nationwide rollout
• Strong execution of product innovation pipeline with encouraging reaction to new products such as Ultimate Indian Feast

FY26 expectations and current trading:

• Underlying³ EBITDA is tracking in line with current market expectations
• New store openings expected to be around the same level as 2025
• The positive momentum experienced across the 2025 Christmas trading period has continued into the first 9 weeks of 2026

Contacts

Domino’s Pizza Group plc:
Michael Barker, Director of Investor Relations - +44 (0) 7345 418 580

Brunswick:
Max McGahan / Emilia Smith - 020 7404 5959

Announcement details and Q&A session
We have released a pre-recorded video of the presentation on our website. To view the presentation please register here:
https://www.investis-live.com/dominos/69930076bdb10b000f7c651a/erhf

Nicola Frampton, interim CEO and Richard Snow, interim Chief Financial Officer will be hosting a Q&A session conference call, which can be joined (listen only) as below:

Conference call - 10/03/2026 at 09:30 AM
Operator Assisted Dial-In:
United Kingdom (Local): +44 20 3936 2999
United Kingdom (Toll-Free): +44 808 189 0158
Global Dial-In Numbers
Access Code: 481254

About Domino’s Pizza Group

Domino's Pizza Group plc is the UK’s leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino’s stores in the UK and the Republic of Ireland. At 28 December 2025, we had 1,399 stores in the UK and Ireland. The group also has a 12% shareholding in Domino’s Pizza Poland.

Cautionary statement

Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, Domino’s does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Notes

¹ FY25 is the 52 weeks to 28 December 2025. FY24 is the 52 weeks to 29 December 2024.

² System sales represent the sum of all sales made by both franchised and corporate stores to consumers in UK & Ireland. These are excluding VAT and are unaudited.

³ Underlying is defined as statutory performance excluding items classified as non-underlying which includes significant irregular income or costs, significant impairments of assets and other costs associated with acquisitions and disposals as set out in note 4 to the financial information.

⁴ Like-for-like (excluding splits) system sales performance is calculated for UK & Ireland against a comparable period in the prior period for mature stores which were not in territories split in the current period or comparable period. Mature stores are defined as those opened prior to 31 December 2023. Excluding splits means that stores which have lost delivery territory to enable a new store opening are not included in like-for-like system sales.

⁵ Copyright © Worldpanel by Numerator 2026. All use is subject to terms and conditions. Numerator shall not be liable for any loss, damage, cost, expense, dispute, proceedings or claim howsoever arising from or in connection with the interpretation of, or any action taken based on, any of the information contained herein relating to data provided by Numerator.

⁶ In March 2025, DPG purchased an additional 24% in Victa DP Ltd for £25.5m (£7.0m equity, £18.5m debt funding), our joint venture in Northern Ireland, bringing DPG’s shareholding to 70%.

⁷ Current mean of FY25 Underlying EBITDA expectations is £133m with a range of £131m - £135m. Based on 10 analysts’ forecasts.

⁸ Current mean of FY26 Underlying EBITDA expectations is £137m with a range of £132m - £142m. Based on 10 analysts’ forecasts.