Dino Polska
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Dino Polska (DNP) investor relations material

Dino Polska Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary26 Mar, 2026

Executive summary

  • Achieved 14.9% year-over-year sales growth and 9.9% EBITDA growth for 2025, with 345 new stores opened, expanding the network to 3,033 locations and 12 distribution centers.

  • Net sales area increased by 13.1% year-over-year, and like-for-like (LFL) sales grew 4.4% year-over-year.

Financial highlights

  • Revenues reached PLN 33,634 million in 2025, up 14.9% year-over-year, maintaining a CAGR of 19.3%.

  • EBITDA for 2025 was PLN 2,546.3 million, up 9.9% year-over-year, with a margin decrease of 0.3 percentage points year-over-year.

  • Operating cash flow covered 122% of CapEx needs in 2025, reflecting strong cash generation.

Outlook and guidance

  • Continued focus on organic store roll-out, with projections for further network expansion in coming years.

  • LFL growth targeted at 4.4% for 2025, with ongoing efforts to sustain profitability despite margin pressures.

Strategy for expansion into Eastern Poland
Drivers of the 2025 EBITDA margin compression
Sustainability of OCF coverage for rising CapEx
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