DP Poland
DPP · AIM · Travel and Leisure · mcap £58m · 6.1p
DP Poland holds the master franchise for Domino's Pizza in Poland and Croatia. It runs delivery-focused stores, sells some to franchisees and supplies them from its own commissary (central kitchen).
The case for
- System sales grew 20.6% in H1 2026 and trading EBITDA rose to £2.8m from £1.7m. 15 Sep 2026
- Franchised share of stores rose from 12% to 38% in about a year, supporting a lower-capital model. 14 Apr 2026 14 Jul 2026
- The master franchise runs to August 2035, with exclusive rights in Poland. 20 Oct 2025
- The Malaccan concert party keeps buying shares, and Domino's Pizza Group remains a shareholder. 5 Oct 2026 9 Oct 2026 9 Mar 2026
The case against
- Poland like-for-like sales growth fell to 0.5% in H1 2025, from near 18% in 2024. 10 Jul 2025
- Profits are thin: H1 2026 pre-IFRS 16 EBITDA was £1.3m and net profit £0.1m. 15 Sep 2026
- Cash fell from £15.8m in mid-2024 to £3.5m in mid-2025, and the company took bank facilities in late 2025. 17 Sep 2024 15 Sep 2025 27 Nov 2025
- Delayed audited results and a CEO change add uncertainty, and the share price is near lows. 23 May 2025 20 Jul 2026
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.