DPC Dash Ltd Announces Full Year 2025 Financial Results
DPC Dash Ltd Announces Full Year 2025 Financial Results |
| [25-March-2026] |
Revenues increased to RMB5.38 billion, representing 24.8% year-over-year growth Adjusted net profit reached RMB187.9 million, representing 43.3% year-over-year growth Store-level operating profit grew by 18.5%; Adjusted group EBITDA increased by 28.2% EPS increased 157.1% YoY to RMB1.08, Diluted EPS increased 150.0% YoY to RMB1.05 HONG KONG, March 25, 2026 /PRNewswire/ -- DPC Dash Ltd - Domino's Pizza China ("DPC Dash" or the "Company", together with its subsidiaries, the "Group") (1405.HK), Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, today announced its audited consolidated financial results for the year ended December 31, 2025 ("FY2025").
FY2025 HIGHLIGHTS[1]
Ms. Aileen Wang, CEO & Executive Director of DPC Dash commented, "We delivered another year of strong growth in 2025, with revenue increasing 24.8% to RMB5.38 billion and 307 net store openings expanding our footprint to 1,315 stores across 60 cities as of year end. Our 4D strategy continues to drive results across our network. Stores in Tier 1 cities delivered solid growth driven by positive same-store sales growth, demonstrating the resilience and sustained brand strength in our most mature markets. Meanwhile, non-Tier 1 markets now contribute nearly 60% of revenue, with new stores achieving exceptional unit economics and strong capital efficiency. We remain confident in our ability to capture the significant pizza market opportunity while delivering sustainable, long-term value for our shareholders." Ms. Helen Wu, CFO of DPC Dash, added, "Our 2025 results reflect both strong top-line momentum and enhanced operating efficiency, with adjusted EBITDA growing 28.2% to RMB634.6 million and adjusted net profit increasing 43.3% to RMB187.9 million. These results reflect our consistent cost discipline and targeted store‑level investments, as well as the increasing benefits of scale and efficiency at the corporate level. Looking ahead, supported by our solid balance sheet, we are well positioned to advance our 'Go‑Deeper' and 'Go‑Broader' strategy in a disciplined manner, maintaining a strong focus on efficiency as our footprint expands and stores ramp up." FY2025 Financial Results
Recent Developments On December 19, 2025, the Company was recognized as a 2025 Best Employer by Mercer for the fourth consecutive year, and was also honored with the first-time "Star Employer" award. As of December 31, 2025, the Chinese mainland market ranks as the third-largest international market within Domino's Pizza's global system in terms of store count. On January 1, 2026, the Company opened 62 stores in 46 cities, the highest daily opening record in its history. Its first store in Dalian generated sales close to RMB700,000 on the grand opening day, setting a new record in Domino's global system. As of January 31, 2026, the Company held all of the top 50 positions in the global records of Domino's Pizza for the first 30-day sales of new stores, such as the first store in Xuzhou, Handan and Huhehaote. Outlook The Group expects to open approximately 350 new stores in 2026. As of March 20, 2026, the Company opened 140 net new stores, with 14 stores under construction, and 65 stores signed, well on track to deliver the 2026 full year opening target of 350 stores. Conference Call Information The Company will host a conference call today, Wednesday, March 25, 2026, at 7:00 pm Hong Kong Time (or Wednesday, March 25, 2026, at 7:00 am Eastern Time) to discuss the financial results. A live audio-only webcast of the call can be accessed directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=nHRXnD0d. To participate by phone, participants are strongly encouraged to pre-register for the conference call, by using the link provided below. Upon registering, each participant will receive a set of participant dial-in numbers, the event passcode, and a unique access PIN, which can be used to join the conference call. Pre-registration Link: https://dpregister.com/sreg/10206649/1034ed20f15 An audio-only replay of the call will also be accessible through April 1, 2026, by dialing the following numbers:
Key Definitions
Non-IFRS Measures To supplement the Group's consolidated financial statements that are presented in accordance with the IFRS, the Group also uses Adjusted Net Profit (non-IFRS measure), Adjusted Net Profit margin (non-IFRS measure), Adjusted EBITDA (non-IFRS measure), Adjusted EBITDA margin (non-IFRS measure), Store-level EBITDA (non-IFRS measure) and Store-level EBITDA margin (non-IFRS measure) as additional financial measures, which are not required by, or presented in accordance with, IFRS. "Store-level EBITDA" is defined as store-level operating profit for the year and adding back depreciation of plant and equipment and amortization of intangible assets in store-level. "Store-level EBITDA margin" is calculated by dividing Store-level EBITDA by revenue for the same year. "Adjusted Net Profit" is defined as profit for the year and adding back share-based compensation. "Adjusted Net Profit margin" is calculated by dividing Adjusted Net Profit by revenue for the same year. "Adjusted EBITDA" is defined as Adjusted Net Profit for the year and adding back depreciation and amortization (excluding depreciation of right-of-use assets), income tax expense and interest income and expenses, net. "Adjusted EBITDA margin" is calculated by dividing Adjusted EBITDA by revenue for the same year. The Group believes that these non-IFRS measures facilitate comparisons of operating performance from period to period and company to company. The Group believes that these measures provide useful information to investors and others in understanding and evaluating the Group's results of operations in the same manner as they help the Group's management. However, the Group's presentation of Adjusted Net Profit (non-IFRS measure), Adjusted Net Profit margin (non-IFRS measure), Adjusted EBITDA (non-IFRS measure), Adjusted EBITDA margin (non-IFRS measure), Store-level EBITDA (non-IFRS measure) and Store-level EBITDA margin (non-IFRS measure) may not be comparable to similarly titled measures presented by other companies. The use of such non-IFRS measures has limitations as an analytical tool, and shareholders and potential investors of the Company should not consider them in isolation from, or as substitute for analysis of, the Group's results of operations or financial condition as reported under IFRS. Forward-Looking Statements Certain statements in this document and/or the Announcement are forward-looking statements that are, by their nature, subject to significant risks and uncertainties. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events, or performance (often, but not always, through the use of words or phrases such as "will", "expect", "anticipate", "estimate", "believe", "going forward", "ought to", "may", "seek", "should", "intend", "plan", "projection", "could", "vision", "goals", "aim", "aspire", "objective", "target", "schedules", and "outlook") are not historical facts, are forward-looking and may involve estimates and assumptions and are subject to risks (including but not limited to the risk factors detailed in this document and/or the Announcement), uncertainties and other factors some of which are beyond the Company's control. Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to the Company about the businesses that it operates. The risks, uncertainties and other factors, many of which are beyond the Company's control, that could influence actual results include, but are not limited to: the Company's operations and business prospects; its business and operating strategies and ability to implement such strategies; its ability to develop and manage its operations and business; its ability to control costs and expenses; its ability to identify and satisfy customer demands and preferences; the actions and developments of its competitors; general economic, political and business conditions in the markets in which it operates; and changes to regulatory and operating conditions in the industry and geographical markets in which it operates. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or under applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. Since actual results or outcomes could differ materially from those expressed in any forward-looking statements, the Company's shareholders and potential investors are advised not to place undue reliance on the forward-looking statements and to exercise caution in dealing in securities in the Company. About DPC Dash Ltd DPC Dash is Domino's Pizza's exclusive master franchisee in the Chinese mainland, the Hong Kong Special Administrative Region of China and the Macau Special Administrative Region of China. Domino's Pizza, Inc., DPC Dash's global franchisor, is one of the most widely-recognized global consumer brands and the world's largest pizza company. Led by a seasoned and visionary management team, DPC Dash is a market leader that differentiates from competitors with, among others, a continually innovated and localized pizza-focused menu, unique expertise and leadership in delivery, technology focus and scalable and replicable store economic model. DPC Dash operates 1,315 stores in 60 cities in the Chinese mainland as of December 31, 2025. For more information, please visit www.dpcdash.com Contacts
SOURCE DPC Dash Ltd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company Codes: HongKong:1405 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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