Interim report
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RNS Number : 0912PDomino's Pizza Group PLC04 August 2026 4 August 2026 LEI: 213800Q6ZKHAOV48JL75 Domino's Pizza Group PLC ("DPG") Half year results for the 26 weeks ended 28 June 2026 POSITIVE TRADING DRIVES EARNINGS AND FREE CASH FLOW GROWTH ON-TRACK TO ACHIEVE FULL YEAR EXPECTATIONS H1 262 H1 252 % change System sales3 £825.3m £777.8m +6.1% Group revenue £353.6m £331.5m +6.7% Underlying EBITDA1 £66.2m £63.9m +3.6% Underlying profit before tax1 £44.1m £43.7m +0.9% Statutory profit before tax £40.6m £40.5m +0.2% Underlying basic EPS1 8.8p 8.4p +4.8% Statutory basic EPS 8.0p 7.6p +5.3% Underlying free cash flow1 ("FCF") £50.2m £28.7m +74.9% Interim dividend per share 3.7p 3.6p +2.8% Financial highlights: · Strong H1 trading performance, with like-for-like sales (+4.9%) and orders (+1.6%) driven by growth in bothPizza and CHICK 'N' DIP as well as an uplift from the World Cup · Underlying EBITDA1 increased to £66.2m driven by strong H1 trading · Higher underlying FCF of £50.2m reflecting higher earnings and improved working capital · Interim dividend up 2.8% to 3.7 pence per share Operational highlights: · Market share gains achieved across the Pizza, Chicken and QSR categories · Industry-leading delivery times maintained at under 25 minutes throughout the period · Successful launch of CHICK 'N' DIP and Italiano's Pizza Range · 1,400th store opening - 11 stores opened in period· Opening of SCC5 supporting future operational efficiency Strategic priorities: · Focus on 'MORE': MORE customers, MORE frequency, MORE "for less" · Four key growth initiatives: Chicken, Loyalty, Aggregators and Supply Chain Productivity Current Trading and Outlook: · Positive trading in July, supported by the World Cup · Confident in achieving full year expectations, all major cost lines hedged for FY26 and into FY27· Strategic plans provide confidence in driving earnings growth in FY27 and beyond. Commenting on the results, Nicola Frampton, CEO said: "We have delivered a strong first half, with positive momentum across sales, orders, earnings and cash flow. Pizzaremains at the heart of our business, with Italiano's reinforcing the strength of the category, while the earlyperformance of CHICK 'N' DIP gives us confidence in our ability to grow chicken alongside our core offer. The progress we are seeing reflects the strength of our strategy. Our growth platforms - chicken, loyalty,aggregators and supply chain productivity - are gaining traction and support our confidence in deliveringsustainable long-term growth.
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We have carried positive momentum into July and, with our major cost lines hedged through 2026 and into nextyear, remain confident in delivering our full-year expectations. We will continue to invest in the business to supportour growth and franchise partner profitability, creating long-term value for all of our stakeholders." 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 pleaseregister here: https://www.investis-live.com/dominos/6a452c089f22d3000ee2cd3c/qeth Nicola Frampton, Chief Executive Officer and Andrew Andrea, Chief Financial Officer, will be hosting a Q&Asession at 0900 am, which can be joined (listen only) as below: https://www.investis-live.com/dominos/6a4530359f22d3000ee2cf92/pyiu CEO Review H1 26 trading & financial performance Domino's delivered a strong first half trading performance. We entered the year with positive momentum that continued throughout the period with like-for-like sales4 up 4.9% and like-for-like orders4 up 1.6%, supported bycontinued pizza growth, encouraging early performance from CHICK 'N' DIP following its February launch, and a World Cup trading uplift. We opened 11 stores in the period including our 1,400th store in Largs. Underlying EBITDA1 increased to £66.2m, driven by higher royalties, supply chain profits and corporate store growth, partly offset by increased net costs and lower investment contributions. Underlying EBIT1 rose to £54.4m, underlying profit before tax1 was £44.1m, and underlying EPS1 increased 5% to 8.8p. Statutory profit after tax was£30.8m, up £0.9m and statutory EPS was up 5% to 8.0p. Free cash flow before non-underlying items1 was £50.2m, up £21.5m, benefiting from higher underlying EBITDA1 and working capital timing. After capital allocation items of £53.1m, including capex, dividends and the additional Victa DP investment, net debt is £290.1m and leverage remained within the target range at 2.3x. The Board has proposed an interim dividend of 3.7p per share, up 3%, payable on 25 September 2026 toshareholders on the register on 14 August 2026. STRATEGIC PRIORITIES Our stated strategy to focus on sustainable growth within the core business has delivered an encouraging first halfperformance, demonstrating the resilience of the Domino's brand and the strength of our execution in a consumer environment that continues to be value-led. Positive momentum across our key metrics of customer numbers, system sales, like-for-like sales and orders,together with earnings and cash flow expected to be ahead year on year, gives us a strong platform for the second half. We are encouraged by the breadth of progress across the business and on track to achieve our full yearexpectations. Our Strategic Objectives are underpinned by three pillars. 1. More Customers - Continued customer recruitment With approximately 14 million UK customers, Domino's has a strong base from which to drive growth. Although still at an early stage, as described in more detail below, CHICK 'N' DIP not only attracts new chickencustomers but also provides an opportunity to engage the key decision-maker for an occasion, who may notcurrently be a pizza customer. In addition, our strengthened marketing team is focused on event-led activities to attract new customers. In thefirst half, campaigns around the Tyson Fury fight and the World Cup recruited new customers while alsoincreasing frequency among existing customers. 2. More Often - Driving more orders per year Average orders per customer have improved in recent years and increasing frequency remains a significantgrowth opportunity for Domino's and its franchise partners. Our internal "One More Time" agenda focuses on encouraging customers to order more often, supported by the core capabilities that have enabled Domino's togrow share in both the pizza and QSR markets.
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Our menu innovation has been a key driver of sales, volume and frequency, helping retain and grow Domino'smost valuable customers through products tailored to different occasions, tastes and seasonal events. During the period, we strengthened the proposition with successful innovation, including CHICK 'N' DIP and ourItaliano's pizza range, both of which have performed strongly since launch, driving incremental sales throughwider menu choice and larger basket sizes. Importantly, the CHICK 'N' DIP and Italiano's products are attracting new customers who perceive both products as healthier propositions. Our enhanced customer insight capabilities are deepening our understanding of purchasing behaviour, basketcomposition and customer preferences. These insights support predictive modelling, targeted experimentation and greater personalisation, improving the customer experience and increasing customer value. 3. "More for Less" - Focus on driving efficiency through the organisation We remain focused on delivering supply chain productivity initiatives to support a sustainable and consistentmargin. Through continued operational efficiencies and disciplined cost management, we expect theseinitiatives to underpin profitability while supporting future growth. In addition, the Group is maintaining a disciplined approach to overhead management reflecting a continuedfocus on cost control and operational efficiency. These objectives will be delivered through a focus on four key growth initiatives: 1. CHICK 'N' DIP - Innovation into a new market: Launched nationwide in February 2026, CHICK 'N' DIP enables the Group to strengthen its presence in thefast-growing chicken category and responds to increasing consumer demand for chicken-based meals. CHICK'N' DIP expands Domino's relevance across more meal occasions and is expected to drive incremental sales through broader menu choice and larger basket sizes. Importantly, the launch of CHICK 'N' DIP hasdemonstrated our ability to organically develop and launch a brand, with minimal capital outlay, leveragingDomino's existing kitchens, delivery network and supply chain infrastructure, CHICK 'N' DIP has been rolled out efficiently and with minimal operational complexity. Our aspiration is to significantly grow our current 4.2% market share5 of this expanding market in the next few years, and supporting our ambition to increase our current 7.7% share of the QSR market5. Whilst we are still at an early stage, trading figures so far have demonstrated the highly complementary nature of the propositionwith the mix of chicken standing at around 9% of total sales, up from c7.5% pre-launch. Our initial customerobservations are that the range is proving attractive to our high frequency champion customers, as well as attracting new customers and creating new sharing occasions. Importantly, initial customer feedback hasbeen strong, and we have an agile team to develop the brand at pace in response to our customers' needs. 2. Loyalty - Leveraging the existing customer base The pilot of the Domino's loyalty programme is continuing to deliver positive results, with around 2.2 millioncustomers now subscribed, representing a 27% sign-up rate across the UK. It has shown that participatingcustomers demonstrate higher engagement, including higher order frequency and improved retention. Importantly, participation is strong across all of our customer cohorts. Following the successful pilot, we see the loyalty programme as a key driver of the "One More Time" ambition. The Group is planning to launch the loyalty platform across the business in the final quarter of this year. As well as extending this across the database, we will also be enhancing the loyalty functionality within our app aspart of the rollout plan, which will further enhance the loyalty proposition. 3. Aggregators Aggregator partnerships continue to perform strongly and generate incremental customers for the brand. Analysis indicates that a large proportion of aggregator customers are either new or reactivated customers.We continue to view aggregators as an effective acquisition and reactivation channel, that is additive to ourstrong direct ordering proposition and supportive of increased total customer reach, and we are developing a close partnership with aggregators to continue to evolve this key trading channel. 4. Supply Chain Productivity We have always been focused on supply chain productivity to support sustainable margins. Continuedoperational efficiencies and disciplined cost management will underpin our profitability while supporting futuregrowth. The Group's supply chain is a core driver of revenue and EBITDA, providing market-leading service levels forfranchise partners and strengthening the competitiveness of the Domino's system. Supply Chain Centre 5('SCC5') in Avonmouth commenced operations earlier this year and will provide additional capacity equivalent to approximately 1,000 deliveries per week, while supporting future network efficiency. Alongside this expansion, we continue to drive productivity improvements across supply chain operations.Fourteen productivity initiatives have been identified for delivery by 2028, with seven of these initiatives expected to be complete by the end of 2026. Further opportunities include warehouse and productionautomation, such as automated de-boxing, storage and picking solutions, and robotics in dough mixing andproduction. Capital Allocation Framework
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The Group's capital allocation framework is designed to support sustainable growth while delivering attractivereturns to shareholders. The priority is to invest in the core business, applying rigorous capital expenditure hurdles to opportunities thatsupport long-term growth, enhance operational capability and strengthen the competitiveness of the Domino'ssystem. The Group remains committed to a sustainable and progressive dividend policy as evidenced by the proposedinterim dividend for the current financial year. We are aspiring to a typical dividend payment profile where theinterim dividend will represent approximately one-third of the total dividend for the year. Any excess cash flow is allocated between maintaining an efficient balance sheet and returning surplus capital toshareholders. The Group operates within a leverage range of 1.5x to 2.5x net debt to EBITDA and aims to remaintowards the lower end of this range over time, providing financial flexibility to invest in growth opportunities while maintaining a prudent capital structure and delivering long-term shareholder returns. Our current preference is topursue a programme of debt and leverage reduction, further strengthening the balance sheet. As we highlightedlast year, we do not anticipate allocating capital to any acquisition opportunities, given our focus on organic growth initiatives and opportunities as outlined above. Current trading and outlook Positive trading has continued in July supported by the World Cup. As previously announced, our major costsremain hedged for the current financial year with some costs hedged into 2027. The Board remains confident in achieving our earnings expectations for the full year which remain in line withcurrent market expectations. Looking ahead, we are focused on building on the strong momentum established in the first half and converting itinto sustainable long-term growth. Our priorities for the second half are clear: continue to execute the core growthlevers, support franchisee profitability, maintain strong cash discipline and scale the initiatives that are already demonstrating results. With a stronger platform, a clear plan and increasing evidence that our strategy is working, we believe Domino's iswell positioned to deliver attractive organic growth, generating strong cashflow and creating significant value for customers, franchise partners and shareholders in the years ahead. Our technical guidance for FY26 is as follows: · Underlying depreciation & amortisation: c.£25m · Underlying interest (excluding foreign exchange movements): c.£21m · Estimated underlying effective tax rate: c.25% for the full year · Capital investment: c.£35m o Main investment is in finalising SCC5 development 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 themaster franchise agreement to own, operate and franchise Domino's stores in the UK and the Republic of Ireland.At 28 June 2026, we had 1,410 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 oncurrent expectations and assumptions and are subject to a number of risks and uncertainties that could causeactual 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'sdoes not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Notes 1. The performance of the Group is assessed using a number of Alternative Performance Measures ('APMs'). The Group's results arepresented both before and after non-underlying items. Underlying profitability measures are presented excluding non-underlying items aswe believe this provides both management and investors with useful additional information about the Group's performance and aids amore effective comparison of the Group's trading performance from one period to the next and with similar businesses. Underlyingprofitability measures are reconciled to unadjusted IFRS results on the face of the income statement with details of non-underlying itemsprovided in note 4. Definitions are included in the glossary. 2. H1 26 is the 26 weeks to 28 June 2026. H1 25 is the 26 weeks to 29 June 2025. 3. System sales represent the sum of all sales made by both franchised and corporate stores to consumers in UK & Ireland. These areexcluding VAT and are unaudited. 4. Like-for-like (excluding splits) system sales performance is calculated for UK & Ireland against a comparable period in the prior period formature stores which were not in territories split in the current period or comparable period. Mature stores are defined as those opened prior to 29 December 2024. 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 basedon, any of the information contained herein relating to data provided by Numerator.
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Financial review 26 weeksended28 June 2026£m 26 weeksended29 June 2025£m Group Revenue 353.6 331.5 Underlying EBITDA1 66.2 63.9 Depreciation, amortisation and impairment (11.8) (10.8) Underlying EBIT1 54.4 53.1 Net finance costs (10.3) (9.4) Underlying profit before tax1 44.1 43.7 Underlying tax charge1 (10.4) (10.7) Underlying profit after tax1 33.7 33.0 Non-underlying items1 (2.9) (3.1) Statutory profit after tax 30.8 29.9 1Reconciliation of non-GAAP measures is in note 4 to the financial statements. Refer to glossary for non-GAAP measures definitions. System Sales and Reported Revenue The Group's key measure of revenue performance is system sales, rather than Group revenue. System salesrepresent total sales to end customers across the Domino's network, including stores operated by franchise partners and the Group. Reported system sales were £825.3m, up 6.1% year-on-year, driven mainly by increasedvolume and pricing. Group revenue includes food and non-food sales to franchise partners, royalties, contributions to the NationalAdvertising Fund and ecommerce funds, rental income and sales from corporate stores. As Group revenue is affected by wholesale food price movements and different revenue streams, margin analysis based on Group revenue is less directly comparable over time. The Group therefore considers system sales to bea useful measure of the health and growth of the business. The table below shows the Group's reported revenue: 26 weeksended28 June 2026£m 26 weeksended29 June 2025£m Supply chain revenue 215.5 210.3 Royalty, rental & other revenue 42.6 40.4 Corporate stores revenue 52.5 38.2 NAF & ecommerce 43.0 42.6 Total 353.6 331.5 Reported revenue increased by £22.1m to £353.6m, driven mainly by higher Corporate Stores revenue and increased supply chain volumes. Royalty, rental and other revenues increased year-on-year, primarily due to higher royalties from increased systemsales. Corporate Stores revenue increased by £14.3m, reflecting the annualisation of the Victa acquisition in 2025 andhigher order counts across Shorecal and Victa. NAF and ecommerce revenue, recognised based on costs incurred, increased to £43.0m in the period. These funds support IT, brand, innovation and national marketing activity across the UK and ROI system, with no netprofit impact as related costs are fully funded by franchisee contributions. Underlying profit1 Underlying EBITDA1 increased by £2.3m to £66.2m, reflecting higher system sales and growth in corporate stores,partly offset by increased costs and lower contributions from investments. Supply chain EBITDA increased by £0.7m, primarily driven by higher sales volumes. Net royalties increased by£1.3m, reflecting growth in system sales. Corporate store EBITDA increased by £1.3m, supported by higher orders and a full period of contribution from Victa, which was acquired in March 2025. These benefits were partly offset by a £0.4m increase in costs. Supply chain margins were slightly lower than lastyear, reflecting higher labour and project implementation costs. The benefits of automation investment areexpected to start coming through from the second half of 2026 and into FY27.
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Contributions from investments decreased by £0.7m following the partial disposal of Full House in the prior period. Depreciation, amortisation and impairment Depreciation, amortisation and impairment of £11.8m includes depreciation of £7.7m and amortisation of £4.1m. The depreciation increase of £0.8m primarily relates to capital investments made in the supply chain centres andthe amortisation increase of £0.2m is largely due to higher charges associated with the investment in the Group'secommerce platform. Net finance cost Net finance costs in the period increased by £0.9m to £10.3m, which includes interest on net debt of £9.1m (2025:£8.7m) and net lease interest payable of £1.2m (2025: £0.9m). The increase reflects higher interest on debt facilities and additional IFRS 16 lease interest costs due primarily to SCC5. Excluding IFRS 16 lease liabilities and related interest, the average rate of interest paid by the Group in H1 26 was6.5% (H1 25: 6.2%) on monthly average net debt of £279.6m (FY25: £281.8m). Taxation and profit after taxation The underlying effective tax rate for 2026 was 23.6%, slightly reduced from the prior year (H1 25: 24.5%) due to several credit items relating to previous years. Underlying profit after tax1 increased to £33.7m, driven by an increase in underlying EBIT1 offset by higher net finance costs as discussed above. Non-underlying items Non-underlying items of £2.9m (H1 25: £3.1m) include the following: · Reacquired rights amortisation: A non-cash amortisation charge of £3.5m (H1 25: £3.0m) has been incurred during the period relating to the amortisation on the reacquired rights recognised on theShorecal and Victa acquisitions. · Tax credit: A non-underlying tax credit of £0.6m has been recognised on the above. In the prior period, a net non-underlying expense of £3.1m was recognised which included amortisation onreacquired rights of £3.0m and net strategy costs of £0.1m. Statutory profit after tax and earnings per share Statutory profit after tax was £30.8m, an increase of £0.9m from the prior period. Statutory EPS increased to 8.0p, from 7.6p. Underlying basic EPS1 increased to 8.8p from 8.4p as a result of higher underlying profit after tax1 combined with a lower number of weighted average shares due to the share buyback programme in 2025. Free cash flow and net debt 26 weeksended28 June 2026£m 26 weeksended29 June 2025£m Underlying EBITDA1 66.2 63.9 Add back non-cash items - Contribution of investments (0.6) (1.3) - Other non-cash items 3.5 1.7 Working capital 3.2 (12.1) IFRS 16 - net lease payments (4.2) (3.9) Dividends received 0.2 0.4 Net interest (8.7) (8.1) Corporation tax (9.4) (11.9) Free cash flow before non-underlying cash items 50.2 28.7 Non-underlying free cash1 (2.3) (3.0) Free cash flow 47.9 25.7 Capex (18.3) (8.5) Acquisitions and disposals (4.0) (25.5) Dividends (29.3) (29.4) Share transactions - EBT share (purchases) / disposals (1.5) (3.3) Total capital allocation items (53.1) (66.7) Increase in net debt (5.2) (41.0) Opening net debt (284.6) (265.5) Movement in capitalised facility arrangement fee (0.5) (0.3) Forex on net debt 0.2 0.2 Closing net debt (290.1) (306.6)
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Last 12 months net debt/Underlying EBITDA1 ratio (excl. IFRS 16) 2.3x 2.3x 1Reconciliation of non-GAAP measure is in note 4 to the financial statements. Refer to glossary for non-GAAP definitions. In the period free cash flow before non-underlying items was £50.2m, with a non-underlying outflow of £2.3m and capital allocation items outflows of £53.1m. Net debt decreased by £16.5m compared to H1 25. Free cash flow Free cash flow before non-underlying items increased by £21.5m to £50.2m, driven by higher underlying EBITDA1,working capital net inflows and lower corporation tax payments. Working capital generated an inflow of £3.2m, compared with an outflow of £12.1m in the prior year, mainly reflecting the timing of online sales receipts and payments, lower trade debtors, reduced prepayments and lowerinventory, partly offset by lower trade creditors and provisions. Net IFRS 16 lease payments increased by £0.3m to £4.2m, reflecting a full half year of payments for Victa DP andthe completion of SCC5 in Avonmouth. Dividends received of £0.2m related to the Group's associate, Full House. Net interest payments increased to £8.7m, reflecting higher average interest rates. Corporation tax payments decreased by £2.5m to £9.4m, primarily due to refunds from the Irish tax authoritiesrelating to the Group's transfer pricing agreement. Non-underlying cash payments of £2.3m related to activities disclosed in the prior year. At 28 June 2026, the Group has net debt of £290.1m, and the last 12 months net debt/underlying EBITDA ratio excluding the impact of IFRS 16 has remained flat since year end at 2.3x. Capital allocation items Capital allocation items decreased by £13.6m to £53.1m. Capital expenditure increased to £18.3m, including £12.1m for SCC5, £1.3m for supply chain centre maintenanceand automation, £4.0m for digital and ecommerce development, and £0.9m for corporate stores. Acquisitions and disposals included a £4.0m outflow for the acquisition of an additional 10% equity interest in VictaDP in January 2026, increasing the Group's ownership to 80%. In the prior year, acquisitions and disposals of £25.5m related to the acquisition of a controlling interest in Victa DP. Dividends paid of £29.3m related to the final FY25 dividend paid in May 2026. Share transactions of £1.5m related to purchases of shares by the Employee Benefit Trust. Capital employed and balance sheet At28 June 2026£m At28 December2025*£m Intangible assets 122.6 126.3 Property, plant and equipment 129.1 119.4 Investments, associates and joint ventures 19.9 20.0 Deferred consideration 2.0 2.0 Right-of-use assets 37.4 36.4 Net lease liabilities (42.4) (39.7) Provisions (5.6) (6.7) Working capital (36.1) (33.8) Net debt (290.1) (284.6) Tax (19.3) (19.0) Net liabilities (82.5) (79.7) *The prior year balance sheet has been restated to correct the recognition of incentives relating to new stores and income received from franchisees for store transfers. Refer to note 2 for further details. Intangible assets decreased by £3.7m to £122.6m, with additions of £4.7m more than offset by amortisation of£7.6m. Property, plant and equipment increased by £9.7m to £129.1m, driven by additions of £12.5m, primarily for SCC5,and £0.8m for supply chain centre maintenance and automation, partly offset by depreciation of £4.5m. Deferred consideration of £2.0m relates to the disposal of the London corporate stores in FY24 and is expected to be received in the second half of the year.
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Right-of-use assets were £37.4m and net lease liabilities were £42.4m, relating to corporate stores, warehousesand equipment leases recognised under IFRS 16. The net working capital liability increased from £33.8m to £36.1m, reflecting the movements described in the free cash flow section above. Total equity is a net liability position of £82.5m, mainly reflecting profit after tax of £30.8m, offset by dividendpayments of £29.3m and the £4.0m Victa investment, which was accounted for as an equity transaction. Thestandalone accounts of Domino's Pizza Group plc have sufficient distributable reserves to pay the proposed dividend. Treasury management At 28 June 2026, the Group had £600m of debt facilities, comprising a £300m unsecured multi-currency revolvingcredit facility and £300m of US Private Placement loan notes. The undrawn RCF at 28 June 2026 was £297.0m. The US Private Placement loan notes comprise £200m at a fixed rate of 4.26%, maturing in July 2027, and £100m at a fixed rate of 5.97%, maturing in June 2034. Interest is payable semi-annually. The RCF carries interest at a margin over SONIA of 165bps to 265bps, depending on leverage, plus a utilisationfee of up to 30bps. The Group's financing agreements include consistent covenants covering interest cover and leverage, testedsemi-annually on a trailing 12-month basis. Interest cover must be at least 1.5x, and leverage must not exceed 3.0x, with both measures excluding IFRS 16. The Group's Treasury Policy is designed to minimise financial risk. Transactional foreign exchange exposure is managed through fixed currency rates with suppliers or by pre-purchasing currency. Group income statement 26 weeks ended 28 June 2026 26 weeks ended 28 June 2026 26 weeks ended 29 June 2025 52 weeks ended 28 December 2025 Note £m £m £m £m £m £m £m £m £m Underlying Non-underlying* Total Underlying Non-underlying* Total Underlying Non-underlying* Total Revenue 3 353.6 - 353.6 331.5 - 331.5 685.4 - 685.4 Cost of sales (192.2) - (192.2) (177.8) - (177.8) (370.7) - (370.7) Gross profit 161.4 - 161.4 153.7 - 153.7 314.7 - 314.7 Distribution costs (21.4) - (21.4) (20.8) - (20.8) (42.2) - (42.2) Administrativecosts 4 (86.2) (3.5) (89.7) (81.1) (4.7) (85.8) (163.7) (21.5) (185.2) Share of post-taxprofits ofassociates andjoint ventures 12 0.6 - 0.6 1.3 - 1.3 2.4 - 2.4 Other income 4 - - - - 1.5 1.5 - 11.4 11.4 Profit beforeinterest andtaxation 54.4 (3.5) 50.9 53.1 (3.2) 49.9 111.2 (10.1) 101.1 Finance income5 6.6 - 6.6 6.7 - 6.7 13.6 - 13.6 Finance costs 6 (16.9) - (16.9) (16.1) - (16.1) (33.6) - (33.6) Profit beforetaxation 44.1 (3.5) 40.6 43.7 (3.2) 40.5 91.2 (10.1) 81.1 Taxation 7 (10.4) 0.6 (9.8) (10.7) 0.1 (10.6) (22.6) 0.5 (22.1) Profit for theperiod 33.7 (2.9) 30.8 33.0 (3.1) 29.9 68.6 (9.6) 59.0 Profit attributableto: - Equity holdersof the parent 33.5 (2.9) 30.6 32.9 (3.1) 29.8 68.2 (9.6) 58.6 - Non-controllinginterests 0.2 - 0.2 0.1 - 0.1 0.4 - 0.4 Profit for theperiod 33.7 (2.9) 30.8 33.0 (3.1) 29.9 68.6 (9.6) 59.0 Earnings pershare - Basic (pence)8 8.8 8.0 8.4 7.6 17.6 15.1 - Diluted (pence)8 8.7 8.0 8.4 7.6 17.5 15.0
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*Non-underlying items are disclosed in note 4. Group statement of comprehensive income 26 weeks ended 28 June 2026 Note 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended28December2025£m Profit for the period 30.8 29.9 59.0 Other comprehensive (expense)/income: Items that will not subsequently be reclassified to profit or loss - Loss on investment held through other comprehensive(expense)/income 15 - (0.7) (3.5) - Taxation on investment held through other comprehensive(expense)/income - 0.2 - Items that may be subsequently reclassified to profit or loss - Exchange (loss)/gain on retranslation of foreign operations (0.7) 2.0 3.9 Other comprehensive (expense)/income for the period, net of tax (0.7) 1.5 0.4 Total comprehensive income for the period 30.1 31.4 59.4 Total comprehensive income attributable to: - Equity holders of the parent 29.9 31.3 59.0 - Non-controlling interests 0.2 0.1 0.4 Total comprehensive income for the period 30.1 31.4 59.4 Group balance sheet At 28 June 2026 Note At28 June2026£m At29 June2025*Restated£m At28December2025*Restated£m Non-current assets Intangible assets 10 122.6 138.1 126.3 Property, plant and equipment 10 129.1 109.0 119.4 Right-of-use assets 11 37.4 26.9 36.4 Lease receivables 11 181.4 184.2 182.7 Trade and other receivables 15.3 16.4 15.3 Investments 15 8.0 10.8 8.0 Investments in associates and joint ventures 12 11.9 20.1 12.0 Deferred consideration receivable - 2.0 - 505.7 507.5 500.1 Current assets Lease receivables 11 17.2 16.8 17.7 Inventories 8.4 7.9 10.7 Trade and other receivables 55.7 60.2 67.5 Current tax assets 0.9 0.3 2.6 Cash and cash equivalents 19 9.6 14.4 24.6 Deferred consideration receivable 2.0 - 2.0 93.8 99.6 125.1 Total assets 599.5 607.1 625.2 Current liabilities Lease liabilities 11 (22.6) (22.8) (22.9) Trade and other payables (113.6) (105.3) (125.4) Current tax liabilities (0.2) - (0.9) Provisions (0.4) (1.6) (1.7) (136.8) (129.7) (150.9) Non-current liabilities Lease liabilities 11 (218.4) (207.4) (217.2) Trade and other payables (1.9) (2.0) (1.9) Financial liabilities 18 (299.7) (321.0) (309.2)
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Deferred tax liabilities (20.0) (16.8) (20.7) Provisions (5.2) (3.9) (5.0) (545.2) (551.1) (554.0) Total liabilities (682.0) (680.8) (704.9) Net liabilities (82.5) (73.7) (79.7) Shareholders' equity Called up share capital 2.0 2.1 2.0 Share premium account 49.6 49.6 49.6 Capital redemption reserve 0.5 0.5 0.5 Capital reserve - own shares (12.7) (13.5) (11.3) Currency translation reserve (2.5) (3.7) (1.8) Other reserve 14.7 21.7 18.9 Accumulated losses (133.9) (129.5) (137.0) Total equity shareholders' deficit (82.3) (72.8) (79.1) Non-controlling interests (0.2) (0.9) (0.6) Total equity (82.5) (73.7) (79.7) *The Group's balance sheet at 29 June 2025 and 28 December 2025 has been restated as a result of an error relating to the accounting treatment ofincentives relating to new stores and income received from franchisees for store transfers, and as a result of a reclassification of share consideration relatingto the acquisition of Shorecal Limited in the prior periods. Refer to note 2 for further details. Group statement of changes in equity 26 weeks ended 28 June 2026 Note Sharecapital£m Sharepremiumaccount*Restated£m Capitalredemptionreserve£m CapitalReserve- ownshares£m Currencytranslationreserve£m Other reserve1 *Restated£m AccumulatedLosses*Restated£m Totalshareholders'equity*Restated£m Non-controllinginterests£m Total*Restated£m At 29 December 2024 (as previously presented) 2.1 71.9 0.5 (10.3) (5.7) 0.1 (140.8) (82.2) - (82.2) Restatement (net of tax) - (22.3) - - - 22.3 9.2 9.2 - 9.2 Restated equity at the beginningof the period 2.1 49.6 0.5 (10.3) (5.7) 22.4 (131.6) (73.0) - (73.0) Profit for the period - - - - - - 29.8 29.8 0.1 29.9 Other comprehensiveincome/(expense) - exchange differences - - - - 2.0 - - 2.0 - 2.0 - loss on investment held through other comprehensive expense 15 - - - - - (0.7) - (0.7) - (0.7) - taxation on investment heldthrough other comprehensiveincome/(expense) 7 - - - - - - 0.2 0.2 - 0.2 Total comprehensive income forthe period - - - - 2.0 (0.7) 30.0 31.3 0.1 31.4 Impairment of share issues - - - 0.1 - - (0.1) - - - Purchase of own shares - - - (3.3) - - - (3.3) - (3.3) Share options and LTIP charge 16 - - - - - - 1.7 1.7 - 1.7 Tax on employee share options 7 - - - - - - (0.1) (0.1) - (0.1) Equity dividends paid 9 - - - - - - (29.4) (29.4) - (29.4) Acquisition of subsidiaries - - - - - - - - (3.2) (3.2) Capital contribution from non-controlling interest - - - - - - - - 2.2 2.2 At 29 June 2025 2.1 49.6 0.5 (13.5) (3.7) 21.7 (129.5) (72.8) (0.9) (73.7) Profit for the period - - - - - - 28.8 28.8 0.3 29.1 Other comprehensiveincome/(expense) - exchange differences - - - - 1.9 - - 1.9 - 1.9 - loss on investment held through other comprehensiveincome/(expense) 15 - - - - - (2.8) - (2.8) - (2.8) - taxation on investment heldthrough other comprehensiveincome/(expense) - - - - - - (0.2) (0.2) - (0.2) Total comprehensive income forthe period - - - - 1.9 (2.8) 28.6 27.7 0.3 28.0 Impairment of share issues - - - 2.2 - - (2.2) - - - Share buybacks (0.1) - - - - - (20.1) (20.2) - (20.2) Share options and LTIP charge 16 - - - - - - 0.5 0.5 - 0.5 Tax on employee share options 7 - - - - - - (0.3) (0.3) - (0.3) Equity dividends paid 9 - - - - - - (14.0) (14.0) - (14.0) At 28 December 2025 2.0 49.6 0.5 (11.3) (1.8) 18.9 (137.0) (79.1) (0.6) (79.7) Profit for the period - - - - - - 30.6 30.6 0.2 30.8 Other comprehensive expense - exchange differences - - - - (0.7) - - (0.7) - (0.7) Total comprehensive income forthe period - - - - (0.7) - 30.6 29.9 0.2 30.1 Impairment of share issues - - - 0.1 - - - 0.1 - 0.1 Purchase of own shares - - - (1.5) - - - (1.5) - (1.5) Share options and LTIP charge 16 - - - - - - 1.8 1.8 - 1.8 Equity dividends paid 9 - - - - - - (29.3) (29.3) - (29.3) Increase in ownership interest insubsidiary - - - - - (4.2) - (4.2) 0.2 (4.0) At 28 June 2026 2.0 49.6 0.5 (12.7) (2.5) 14.7 (133.9) (82.3) (0.2) (82.5) 1Other reserve consists of revaluation gains and losses recognised on the Group's investments designated as fair value through other comprehensive income, equitytransactions resulting in a change in the Group's ownership interest in a subsidiary that do not result in a loss of control of the subsidiary and share considerationrelating to the acquisition of subsidiaries. *The Group's statement of changes in equity at 29 December 2024, 29 June 2025 and 28 December 2025 has been restated as a result of an error relating to theaccounting treatment of incentives relating to new stores and income received from franchisees for store transfers, and as a result of a reclassification of shareconsideration relating to the acquisition of Shorecal Limited in the prior periods. Refer to note 2 for further details.
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Group cash flow statement 26 weeks ended 28 June 2026 Note 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended28 December2025£m Cash flows from operating activities Profit before interest and taxation 50.9 49.9 101.1 Amortisation and depreciation 3 15.3 13.7 28.6 Impairment - - 11.0 Expected credit loss charge 1.6 - - Share of post-tax profits of associates and joint ventures 12 (0.6) (1.3) (2.4) Profit on disposal of interest in associate investment 4 - - (9.9) Fair value gain on deemed disposal of previously held interest 4 - (1.5) (1.5) Share option and LTIP charge 16 1.8 1.7 2.2 Decrease in provisions (1.1) (1.6) (1.4) Decrease/(increase) in inventories 2.3 1.5 (1.2) Decrease/(increase) in receivables 11.9 4.6 (1.5) (Decrease)/increase in payables (12.1) (17.4) 0.5 Cash generated from operations 70.0 49.6 125.5 Corporation tax paid (9.4) (12.4) (21.6) Net cash generated from operating activities 60.6 37.2 103.9 Cash flows from investing activities Purchase of property, plant and equipment 10 (14.2) (5.6) (17.0) Purchase of intangible assets 10 (4.1) (2.9) (7.1) Proceeds on partial disposal of investment in associate 4 - - 17.6 Acquisition of subsidiaries, net of cash received 13 - (7.0) (7.0) Receipt of principal element on lease receivables 19 8.4 8.4 17.2 Receipt of interest element on lease receivables 19 6.5 6.3 12.7 Interest received 0.1 0.2 0.2 Other 19 0.2 0.4 1.9 Net cash (used in)/generated from investing activities (3.1) (0.2) 18.5 Cash inflow before financing activities 57.5 37.0 122.4 Cash flows from financing activities Interest paid (8.8) (8.3) (17.6) Share purchases 19 - - (20.1) Purchase of own shares - EBT purchases 19 (1.5) (3.3) (3.3) New bank loans and facilities drawn down 12.0 28.0 53.0 Facility arrangement fees paid - - (2.4) Repayment of borrowings (22.0) (45.6) (80.7) Repayment of principal element on lease liabilities 19 (11.4) (11.5) (22.9) Repayment of interest element on lease liabilities 19 (7.7) (7.2) (14.7) Increase in ownership interest in a subsidiary 13 (4.0) - - Cash received from non-controlling interest on acquisition of subsidiaries - 2.2 2.2 Equity dividends paid 9 (29.3) (29.4) (43.4) Net cash used in financing activities (72.7) (75.1) (149.9) Net decrease in cash and cash equivalents (15.2) (38.1) (27.5) Cash and cash equivalents at beginning of period 24.6 52.2 52.2 Foreign exchange gain/(loss) on cash and cash equivalents 0.2 0.3 (0.1) Cash and cash equivalents at end of period 19 9.6 14.4 24.6 Notes to the interim financial statements 26 weeks ended 28 June 2026 1. General information Domino's Pizza Group plc ('the Company') is a public limited company incorporated in the United Kingdom under the Companies Act 2006 (registration number 03853545). The Company is domiciled in the United Kingdom and its registeredaddress is 1 Thornbury, West Ashland, Milton Keynes, MK6 4BB. The Company's ordinary shares are listed on the Official Listof the FCA and traded on the Main Market of the London Stock Exchange. Further copies of the interim report and AnnualReport and Accounts may be obtained from the address above. 2. Basis of preparation
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The condensed consolidated interim financial statements (the 'interim financial statements') have been prepared in accordancewith the UK-adopted International Accounting Standard 34, 'Interim Financial Reporting' and the Disclosure Guidance and Transparency Rules sourcebook of the United Kingdom's Financial Conduct Authority. The financial information contained inthis interim report does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. The interim results for the 26 weeks ended 28 June 2026 and the comparatives to 29 June 2025 are unaudited but have beenreviewed by the auditors. A copy of their review report has been included at the end of this report. The financial information for the 52 weeks ended 28 December 2025 has been extracted from the Group financial statementsfor that period. These published financial statements were reported on by the auditors without qualification or an emphasis ofmatter reference and did not include a statement under section 498(2) or (3) of the Companies Act 2006 and have beendelivered to the Registrar of Companies. The interim financial information is presented in sterling and all values are rounded to the nearest tenth of million pounds(£0.1m), except when otherwise indicated. The accounting policies are consistent with those of the previous financial year andcorresponding interim reporting period, except for the estimation of income tax (see note 7). The financial statements areprepared using the historical cost basis with the exception of the other financial assets, investments held at fair value throughother comprehensive income and contingent consideration which are measured at fair value in accordance with IFRS 13 FairValue Measurement. Going concern The interim financial information has been prepared on a going concern basis as the Directors have a reasonable expectationthat the Group has adequate resources to continue in operational existence for the foreseeable future. The Group operates the Domino's brand in the UK and Ireland. A Master Franchise Agreement is in place with Domino's PizzaInternational Inc. The Group remains in material compliance with requirements and targets under this agreement. For the purposes of going concern, the Directors of the Group have assessed the overall position and future forecasts for theperiod up to December 2027. The overall performance of the Group has been resilient throughout the first half of the year in the UK and Ireland, withcontinued system sales and reported revenue growth. Underlying EBITDA increased by 3.6% due to increased sales fromhigher volumes as well as increased profits from our corporate stores, slightly offset by net cost increase. The Directors of the Group have considered the future position based on current trading and a number of potential downsidescenarios which may occur, either through reduced consumer spending, reduced store growth, supply chain disruptions,general economic uncertainty and other risks. This assessment has considered the overall level of Group borrowings andcovenant requirements, the flexibility of the Group to react to changing market conditions and ability to appropriately manageany business risks. The Group has net debt of £290.1m and has committed debt facilities of £600m which include Sterling denominated privateplacement loan notes of £300m and an unsecured multi-currency revolving credit facility of £300m. The revolving credit facilityexpires in July 2030, and of the US Private Placement loan notes (USPP), £200m mature in July 2027 and £100m mature inJune 2034. The Group is confident refinancing will be available as required. The going concern scenarios modelled considerthe impact if the £200m USPP expiring in July 2027 was not able to be renewed, with no breach in covenants identified as aresult of this. The following individual scenarios have been modelled: i. A large cyber-attack resulting in declining sales due to inability to order on ecommerce platform ii. A decline in consumer spending resulting in 7.5% reduction in system sales compared to forecast iii. Supply chain disruption which may result in: 1. Four weeks non supply of meat in a peak trading period 2. Two weeks of production downtime in a peak trading period iv. USPP expiring in July 2027 is not renewed Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 2. Basis of preparation (continued) v. A decline in stakeholder relationships which may result in: 1. Reduction in new store openings to half their forecast level 2. Failure to attract new talent to support revenue growth for example new products or loyalty initiatives 3. Increased royalties payable In all individual scenarios modelled the Group stays within covenant limits throughout the going concern period. A 'severe but plausible' scenario has been modelled, which includes a combination of risk factors: i. a 7.5% reduction in system sales compared to the base case; ii. a two-week total loss of sales during peak trading time from either a significant SCC production disruption or cyberincident; and iii. Removal of the £200m USPP debt facility maturing in July 2027. The result of this modelling demonstrates the Group stays within covenant limits throughout the going concern period. Reverse stress testing has been performed separately based on our main profitability driver, system sales, which is a materiallyworse scenario than the combinations described in the scenarios above. This test concluded that the Group's currently agreedcovenants could only be breached if a highly unlikely combination of scenarios resulted in a material annual reduction insystem sales greater than 14%, which goes beyond what is considered in the severe but plausible scenario and does notinclude any mitigating actions. The Board has various mitigating actions available in the form of delays of distributions to shareholders and reduction or delayof uncommitted discretionary spend which would act to mitigate the impact of reduced activity if implemented. Based on this assessment, the Directors have formed a judgement that there is a reasonable expectation the Group will haveadequate resources to continue in operational existence for the foreseeable future being at least the 12-month period from thedate of this report. Restatement of comparatives
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The Group's balance sheet at 28 December 2025 and 29 June 2025 have been restated as a result of a change in treatment tobe in line with IFRS 15 requirements for the recognition of incentives relating to new stores and income received fromfranchisees for store transfers. Previously such incentives were spread over the period of payment. The revised treatment is toamortise these over 10 years which reflects the initial period of the Standard Franchise Agreement. This has resulted in the 2025 opening accumulated losses being restated by £9.2m which represents recognition of an accruedincome of £14.3m asset, a deferred income liability of £2.1m and tax liability of £3.0m. The income statement impact in 2025 isnot material and has not been restated, and there is no impact on the Group cash flow statement. In addition, the Group has reclassified the share consideration relating to the acquisition of Shorecal Limited in the priorperiods. This has resulted in a £22.3m decrease to share premium and a £22.3m increase to other reserves, with no impact ontotal equity. The change in treatment has been corrected by restating each of the affected financial statement line items for the prior periodsas follows: Statement of financialposition (extract) At 29 June2025£m Increase/(Decrease)£m At 29 June2025 £m(Restated) At 28 December2025£m Increase /(Decrease)£m At 28 December2025£m (Restated) Trade and other receivables -Current 58.8 1.4 60.2 66.1 1.4 67.5 Trade and other receivables -Non-current 3.5 12.9 16.4 2.4 12.9 15.3 Trade and other payables -Current (104.9) (0.4) (105.3) (125.0) (0.4) (125.4) Trade and other payables -Non-current (0.3) (1.7) (2.0) (0.2) (1.7) (1.9) Current tax asset 3.3 (3.0) 0.3 5.6 (3.0) 2.6 Accumulated losses (138.7) 9.2 (129.5) (146.2) 9.2 (137.0) Total equity (82.9) 9.2 (73.7) (88.9) 9.2 (79.7) Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 2. Basis of preparation (continued) Accounting policies and new standards There were no new standards and interpretations effective for the first time for the reporting period that have a material impacton the Group financial statements. 3. Segmental information Following the disposal of the international business in previous years the Group has determined that it operates as oneoperating segment, being the UK & Ireland. The information provided to the Executive Directors of the Board, who areconsidered to be the chief operating decision makers, is on a consolidated basis. The chief operating decision makers evaluateperformance and make resource allocation decisions based on the group consolidated results. The Group's operating segments continue to be reviewed and will be updated if there are any changes in the structure ofinformation provided to the Executive Directors. Central assets include cash and cash equivalents and taxation assets. Central liabilities include the bank revolving facility andtaxation liabilities. Segment assets and liabilities At 28 June2026£m At 29 June2025*Restated£m At 28 December2025*Restated£m Current tax assets 0.9 0.3 2.6 Cash and cash equivalents 9.6 14.4 24.6 Central assets 10.5 14.7 27.2 Current tax liabilities 0.2 - 0.9 Deferred tax liabilities 20.0 16.8 20.7 Debt facilities 299.7 321.0 309.2 Central liabilities 319.9 337.8 330.8 At 28June2026£m At 29June2025*Restated£m At 28 December2025*Restated£m Segment assets Segment current assets 83.3 84.9 98.1 Segment non-current assets 485.8 476.6 479.9 Investment in associates and joint ventures 11.9 20.1 12.0 Investments 8.0 10.8 8.0 Central assets 10.5 14.7 27.2 Total assets 599.5 607.1 625.2 Segment liabilities Liabilities 362.1 343.0 374.1 Central liabilities 319.9 337.8 330.8 Total liabilities 682.0 680.8 704.9
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*The Group's segment assets and liabilities at 29 June 2025 and 28 December 2025 have been restated as a result of an errorrelating to the accounting treatment of incentives relating to new stores and income received from franchisees for storetransfers. Refer to note 2 for further details. Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 Segmental performance for the 26 weeks ended 28 June 2026 Totalunderlying£m Non-underlying£m Totalreported£m Revenue Sales to external customers 353.6 - 353.6 Segment revenue 353.6 - 353.6 Results Underlying profit before associates and joint ventures 53.8 - 53.8 Share of profit of associates and joint ventures 0.6 - 0.6 Other non-underlying items - (3.5) (3.5) Profit before interest and taxation 54.4 (3.5) 50.9 Net finance costs (10.3) - (10.3) Profit before taxation 44.1 (3.5) 40.6 Taxation (10.4) 0.6 (9.8) Profit for the period 33.7 (2.9) 30.8 Effective tax rate 23.6% - 24.1% Other segment information Sales to franchisees 215.5 - 215.5 Royalties, rental and franchise fees 41.6 - 41.6 Corporate store income 52.5 - 52.5 National Advertising and ecommerce income 43.0 - 43.0 Property income on leasehold and freehold property 1.0 - 1.0 Total segment revenue 353.6 - 353.6 Depreciation (7.7) - (7.7) Amortisation (4.1) (3.5) (7.6) Total depreciation and amortisation (11.8) (3.5) (15.3) EBITDA 66.2 - 66.2 Capital expenditure (18.3) - (18.3) Share-based payment charge (1.8) - (1.8) Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 Segmental performance for the 26 weeks ended 29 June 2025 Totalunderlying£m Non-underlying£m Totalreported£m Revenue Sales to external customers 331.5 - 331.5 Segment revenue 331.5 - 331.5 Results Underlying profit before associates and joint ventures 51.8 (4.7) 47.1 Share of profit of associates and joint ventures 1.3 - 1.3 Other income - 1.5 1.5 Profit before interest and taxation 53.1 (3.2) 49.9 Net finance costs (9.4) - (9.4) Profit before taxation 43.7 (3.2) 40.5
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Taxation (10.7) 0.1 (10.6) Profit for the period 33.0 (3.1) 29.9 Effective tax rate 24.5% - 26.2% Other segment information Sales to franchisees 210.3 - 210.3 Royalties, rental and franchise fees 39.0 - 39.0 Corporate store income 38.2 - 38.2 National Advertising and ecommerce income 42.6 - 42.6 Property income on leasehold and freehold property 1.4 - 1.4 Total segment revenue 331.5 - 331.5 Depreciation (6.9) - (6.9) Amortisation (3.9) (2.9) (6.8) Total depreciation and amortisation (10.8) (2.9) (13.7) EBITDA 63.9 (0.3) 63.6 Capital expenditure (8.5) - (8.5) Share-based payment charge (1.7) - (1.7) Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 Segmental performance for the 52 weeks ended 28 December 2025 Totalunderlying£m Non-underlying£m Totalreported£m Revenue Sales to external customers 685.4 - 685.4 Segment revenue 685.4 - 685.4 Results Underlying profit before associates and joint ventures 108.8 - 108.8 Share of profit of associates and joint ventures 2.4 - 2.4 Other non-underlying items - (21.5) (21.5) Other income - 11.4 11.4 Profit before interest and taxation 111.2 (10.1) 101.1 Net finance costs (20.0) - (20.0) Profit before taxation 91.2 (10.1) 81.1 Taxation (22.6) 0.5 (22.1) Profit for the year 68.6 (9.6) 59.0 Effective tax rate 24.8% - 27.3% Other segment information Sales to franchisees 426.6 - 426.6 Royalties, rental and franchise fees 78.2 - 78.2 Corporate store income 92.9 - 92.9 National Advertising and ecommerce income 85.8 - 85.8 Property income on leasehold and freehold property 1.9 - 1.9 Total segment revenue 685.4 - 685.4 Depreciation (14.5) - (14.5) Amortisation (7.6) (6.5) (14.1) Impairment (0.6) (10.4) (11.0) Total depreciation, amortisation and impairment (22.7) (16.9) (39.6) EBITDA 133.9 6.8 140.7 Capital expenditure (24.1) - (24.1) Share-based payment charge (2.2) - (2.2)
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Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 4. Reconciliation of non-GAAP measures Non-underlying items included in the financial statements 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28 December2025£m Underlying profit for the period 33.7 33.0 68.6 Non-underlying loss for the period (2.9) (3.1) (9.6) Profit for the period 30.8 29.9 59.0 Non-underlying items Note 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28 December2025£m Included in administrative costs - Reacquired rights amortisation a) (3.5) (3.0) (6.5) - Transaction costs b) - (1.7) (6.0) - Shorecal impairment c) - - (10.4) - Executive changes d) - - 1.4 (3.5) (4.7) (21.5) Included in other income - Fair value gain on investment e) - 1.5 1.5 - Profit on disposal of a share in the Group's interest inFull House f) - - 9.9 - 1.5 11.4 Included in profit before taxation (3.5) (3.2) (10.1) - Taxation g) 0.6 0.1 0.5 Included in profit for the period (2.9) (3.1) (9.6) a) Reacquired rights amortisation The Group incurred a charge of £3.5m (H1 25: £3.0m; FY 25: £6.5m) in relation to the amortisation of reacquired rightsrecognised on the acquisition of Shorecal and Victa DP Limited (Victa DP). Of the charge, £2.3m (H1 25: £2.3m; FY 25:£4.6m) relates to Shorecal and £1.2m (H1 25: £0.7m; FY 25: £1.9m) relates to Victa DP. This relates to the valuation of the Standard Franchise Agreements which were in place before the acquisition,previously issued by the Group to the Shorecal Limited group and Victa DP when these were independently controlledfranchisees. These are amortised over the remaining life of the franchise agreements, which is on average 5 years forShorecal and 8 years for Victa DP. b) Transaction costs In the first half of 2025, costs of £1.7m were incurred relating to expenditure on transactions that ultimately did notproceed. This increased to £6.0m by the end of 2025. c) Shorecal impairment In the prior year a goodwill impairment charge of £10.4m was recorded for the Group's Shorecal operations due to adecline in expected performance against the acquisition plan, driven by the permanent change in labour structurefollowing the Irish driver case where the transition of drivers to employee status has increased the labour cost of deliveryacross the industry, alongside higher UK employment taxes and weaker trading conditions in Northern Ireland and ROIthan anticipated at the time of acquisition. Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 4. Reconciliation of non-GAAP measures (continued) d) Executive changes In the prior year a credit of £1.4m was recorded relating to changes in the Executive leadership, with the reversal of ashare-based payment charge more than offsetting other costs of termination. e) Fair value gain on investment As a result of the acquisition of Victa DP in the prior period, the Group's 46% share ownership was deemed to havebeen disposed at its fair value resulting in a gain of £1.5m. The fair value was determined with reference to theconsideration paid for the additional 24% acquisition taking into account a control premium. f) Profit on disposal of a share in the Group's interest in Full House The Group disposed of a 25% interest in Full House in the prior year for proceeds of £17.6m including costs of £0.2m,which combined with the carrying amount of £7.7m resulted in a profit on disposal of £9.9m.
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g) Taxation During the current period, the Group recognised a £0.7m tax credit relating to the amortisation of reacquired rightswhich was partly offset by a £0.1m tax charge relating to the disposal of the London corporate stores in previousyears. The prior period tax credit of £0.1m consists of a £0.5m tax charge relating to the disposal of the London corporate stores inprevious years and a £0.6m tax credit relating to the amortisation of reacquired rights. 5. Finance income 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28 December2025£m Interest receivable on leases 6.5 6.3 12.7 Discount unwind 0.1 0.1 0.2 Other interest receivable - 0.2 0.2 Foreign exchange - 0.1 0.5 Total finance income 6.6 6.7 13.6 6. Finance costs 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28 December2025£m Debt facilities interest payable 9.1 8.7 18.4 Interest payable on leases 7.7 7.2 14.7 Other interest payable 0.1 0.2 0.5 Total finance costs 16.9 16.1 33.6 Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 7. Taxation Tax charged in the income statement 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28December2025£m Current income tax UK corporation tax: - current period 9.7 9.3 18.5 - adjustment in respect of prior periods 0.6 0.3 (0.3) 10.3 9.6 18.2 Income tax on overseas operations - current period 0.4 0.4 0.4 - adjustment in respect of prior periods (0.2) - - Total current income tax charge 10.5 10.0 18.6 Deferred tax Origination and reversal of temporary differences (0.1) 0.6 3.3 Adjustment in respect of prior periods (0.6) - 0.2 Total deferred tax (0.7) 0.6 3.5 Tax charge in the income statement 9.8 10.6 22.1 The tax charge in the income statement is disclosed asfollows: Taxation 9.8 10.6 22.1 Tax credited in the statement of other comprehensive (expense)/income 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28December2025£mDeferred tax:
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- Origination and reversal of temporary differences - (0.2) - Tax credit in the statement of other comprehensive(expense)/income - (0.2) - Tax relating to items charged to equity 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28December2025£mReduction in current tax liability as a result of the exerciseof share options - 0.3 - Origination and reversal of temporary differences inrelation to unexercised share options - (0.2) 0.4 Tax charge in the Group statement of changes inequity - 0.1 0.4 Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 7. Taxation (continued)The total effective tax rate is 24.1% (H1 25: 26.2%; FY 25: 27.3%). Tax charged for the 26 weeks ended 28 June 2026 has been calculated by applying the effective rate of tax per jurisdiction tothe underlying profit which is expected to apply to the Group for the 52 weeks ending 27 December 2026 using ratessubstantively enacted by 28 June 2026 as required by IAS 34 'Interim Financial Reporting'. Items of an exceptional nature havebeen assessed independently. 8. Earnings per share Basic earnings per share amounts are calculated by dividing profit for the period attributable to ordinary equity holders of theparent by the weighted average number of Ordinary shares outstanding during the year. Diluted earnings per share iscalculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number ofOrdinary shares outstanding during the year plus the weighted average number of Ordinary shares that would have beenissued on the conversion of all dilutive potential Ordinary shares into Ordinary shares. Earnings 26 weeksended28 June2026£m 26 weeksended29 June2025£m 52 weeksended 28 December2025£m Profit after tax for the period 30.8 29.9 59.0 Non-underlying items 2.9 3.1 9.6 Attributable to non-controlling interest (0.2) (0.1) (0.4) Underlying profit after tax attributable to equityholders of the parent 33.5 32.9 68.2 26 weeksended28 June2026Number 26 weeksended29 June2025Number 52 weeksended 28 December2025NumberBasic weighted average number of shares (excludingtreasury shares) 380,548,554390,715,124 388,080,024 Dilutive effect of share options and awards 2,422,091 3,137,909 2,186,486 Diluted weighted average number of shares382,970,645393,853,033 390,266,510 The performance conditions relating to share options granted over 2,217,236 shares (H1 25: 5,986,033; FY 25: 2,980,196)have not been met in the current financial period and therefore the dilutive effect of the number of shares which would havebeen issued at the period end has not been included in the diluted earnings per share calculation. There were 2,102,880 share options excluded from the diluted earnings per share calculation because they would be antidilutive(H1 25: 2,674,628; FY 25: 1,916,597). 26 weeks ended28 June2026 26 weeks ended29 June2025 52 weeksended28 December2025 Statutory earnings per share Basic earnings per share 8.0p 7.6p 15.1p Diluted earnings per share 8.0p 7.6p 15.0p Underlying earnings per share Basic earnings per share 8.8p 8.4p 17.6p Diluted earnings per share 8.7p 8.4p 17.5p
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Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 9. Dividends paid and proposed 26 weeksended28 June 2026£m 26 weeksended29 June2025£m 52 weeksended28 December2025£m Declared and paid during the period: Final dividend for 2025: 7.7p (2024: 7.5p) 29.3 29.4 29.4 Interim dividend for 2025: 3.6p - - 14.0 Dividends declared and paid 29.3 29.4 43.4 The Directors have declared an interim dividend of 3.7p per share. This dividend will be paid on 25 September2026 to those members on the register at the close of business on 14 August 2026. 10. Intangible assets and property, plant and equipment During the 26 weeks ended 28 June 2026, the Group acquired assets with a cost of £19.0m (cash outflow of£18.3m), of this amount £13.3m relates to the development of SCC5, automation of the supply chain centres andsupply chain centre maintenance, and £4.6m relates to digital and ecommerce development. During the period the Group incurred a depreciation charge of £4.5m (2025: £3.6m) and an amortisation charge of£7.6m (2025: £6.8m). In the prior year, the Group acquired Victa DP Limited which included property, plant and equipment of £4.1m.The Group also acquired intangible assets of £41.5m, of which £22.8m relates to Goodwill and £18.7m relates toreacquired rights in respect of franchise agreements. As at 28 June 2026, amounts contracted for but not provided for in the financial statements for the acquisition ofproperty, plant and equipment amounted to £7.1m (2025: £0.5m) and for intangible assets amount to £1.2m(2025: £1.2m) for the Group. 11. Right-of-use assets, lease receivables and lease liabilities Right-of-use assets At28 June2026£m At29 June2025£m At 28 December2025£m Property 24.1 13.9 23.9 Equipment 13.3 13.0 12.5 37.4 26.9 36.4 Amounts recognised in the income statement 26 weeksended28 June 2026£m 26 weeksended29 June2025£m 52 weeksended28 December2025£m Depreciation - Property 0.9 0.6 1.6 Depreciation - Equipment 2.3 2.7 5.0 3.2 3.3 6.6 Lease receivables At28 June2026£m At29 June2025£m At 28 December2025£m Property 198.6 201.0 200.4 198.6 201.0 200.4 Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 11. Right-of-use assets, lease receivables and lease liabilities (continued) Lease liabilities At28 June2026£m At29 June2025£m At 28 December2025£m Property 227.1 216.6 227.0 Equipment 13.9 13.6 13.1
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241.0 230.2 240.1 12. Investments in associates and joint venturesAt28 June2026£m At29 June2025£m At 28 December2025£m Investments in associates 7.2 15.7 7.4 Investments in joint ventures 4.7 4.4 4.6 Total investments in associates and joint ventures11.9 20.1 12.0 During the period, our investment in Full House Restaurant Holdings Limited ('Full House'), contributed profits of£0.5m (H1 25: £1.2m; FY 25: £2.1m), and our investment in Domino's Pizza West Country Limited ('WestCountry') contributed profits of £0.1m (H1 25: £0.1m; FY 25: £0.3m). The Group received dividends of £nil fromWest Country (H1 25: £0.4m; FY 25: £0.4m) and £0.7m (H1 25: £nil; FY 25: £1.5m) from its investment in FullHouse, of which £0.2m was received as cash and £0.5m settled a balance the Group owed to Full House. 13. Business combinations Acquisition of Victa DP Limited On 10 March 2025, the Group acquired an additional 24% of share capital of Victa DP Limited, a private companyregistered in the United Kingdom that operates Domino's franchise stores in Northern Ireland, taking its ownershipto 70%. Details of this business combination were disclosed in note 27 of the Group's annual financial statementsfor the year ended 28 December 2025 and reflect the final fair values of the assets and liabilities acquired and theconsideration paid. On 30 January 2026, the Group purchased an additional 10% equity in Victa DP Limited for a cash considerationof £4.0m. Following this transaction, the Group's total ownership increased to 80%. 14. Financial liabilities Debt facilities As at 28 June 2026 the Group had a total of £600m (H1 25: £500m; FY 25: £600m) of committed facilities, ofwhich £297.0m (H1 25: £177.0m; FY 25: £287.0m) was undrawn. The £600m of debt facilities is made up of a£300m revolving credit facility (RCF) and £300m of US private placement loan notes (USPP). Bank revolving facility As at 28 June 2026 the Group had a £300m revolving credit facility which matures in July 2030. Arrangement feesof £2.5m directly incurred in relation to the RCF are included in the carrying values of the facility and are beingamortised over the term of the facility. Interest charged on the revolving credit facility ranges from 1.65% per annum above SONIA (or equivalent) whenthe Group's leverage is less than 1:1 up to 2.65% per annum above SONIA for leverage above 2.5:1. A furtherutilisation fee is charged if over one-third is utilised at 0.15% which rises to 0.30% of the outstanding loans if overtwo-thirds is drawn. In addition, a commitment fee is calculated on undrawn amounts based on 35% of the currentapplicable margin. The RCF is secured by an unlimited cross guarantee between Domino's Pizza Group plc, DPG Holdings Limited,Domino's Pizza UK & Ireland Limited, DP Realty Limited, DP Pizza Limited, Shorecal Limited, Karshan Limited,K&M Pizzas Limited and Sarcon No 214 Limited. Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 14. Financial liabilities (continued) An ancillary overdraft and pooling arrangement was in place with Barclays Bank Plc for £20.0m coveringDomino's Pizza Group plc, DPG Holdings Limited, Domino's Pizza UK & Ireland Limited, DP Realty Limited andDP Pizza Limited. The overdraft facility amount is included and part of the £300m revolving credit facility. Interestis charged on the overdraft at the same margin as applicable to the revolving credit facility above SONIA. Private placement loan notes The USPP loan notes for £200m issued in 2022 mature on 27 July 2027, while the notes for £100m issued in2024 mature on 20 June 2034. Arrangement fees of £0.8m directly incurred in relation to the USPP notes areincluded in the carrying values of the loan notes and are being amortised over the term of the notes. Interest ischarged at 4.26% and 5.97% per annum respectively. Both USPP loan notes are secured by an unlimited cross guarantee between the same legal entities that areguaranteeing the revolving credit facility. 15. Financial instruments Investments In April 2024, the Group acquired 12.1% of the issued ordinary share capital of DP Poland plc, an AIM-listedcompany based in the UK, for a cost of £11.4m, which includes transaction costs of £0.4m. An election was madefor the equity instrument to be designated as fair value through other comprehensive income. The inputs used tocalculate the fair value of the investment fall within Level 1 of the IFRS 13 hierarchy. Level 1 fair valuemeasurements use quoted prices in active markets, being the share price of DP Poland plc. The fair value of theinvestment at 28 June 2026 is £8.0m resulting in no fair value gain or loss (H1 25: loss of £0.7m; FY25 loss of£3.5m) recognised in other comprehensive income. 16. Share-based payments The expense recognised for share-based payments in respect of employee services received during the 26weeks ended 28 June 2026 was £1.8m (H1 25: £1.7m; FY 25: £2.2m). This all arises on equity-settled share-based payment transactions.
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17. Related party transactions During the period the Group entered into transactions, in the ordinary course of business, with related parties.Transactions entered into, and trading balances outstanding with related parties, are as follows: 26 weeksended28 June 2026 26 weeksended29 June 2025 52 weeksended28 December2025£m £m £mAssociates and Joint venturesSales to related parties 19.6 22.6 42.6Amounts owed by related parties 1.6 1.4 1.8 During the period the Group incurred charges of £0.6m (H1 25: £0.3m; FY 25: £0.9m) from related parties of VictaDP Limited and Victa Developments Limited. 18. Analysis of Net Debt At28 June 2026 At29 June2025 At28 December2025£m £m £m Cash and cash equivalents 9.6 14.4 24.6 Debt facilities (303.0) (323.0) (313.0) Capitalised facility arrangement fees 3.3 2.0 3.8 Net Debt (290.1) (306.6) (284.6) The Group's lease liabilities are not included in the Group's definition of Net Debt. Lease liabilities are measuredat the present value of future lease payments, including variable lease payments and the exercise price ofpurchase options where it is reasonably certain that the option will be exercised, discounted using the interest rateimplicit in the lease, if readily determinable, or alternatively the Group's incremental borrowing rate as a lessee. Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 19. Additional cash flow information Other cash flows from investing activities 26 weeks ended28 June 2026£m 26 weeksended29 June2025£m 52 weeksended28 December2025£m Dividends received from associates and joint ventures0.2 0.4 1.9 0.2 0.4 1.9 Share transactions in cash flows from financing activities 26 weeksended28 June2026 26 weeksended29 June2025 52 weeksended28 December2025£m £m £m Purchase of own shares - employee benefit trust(1.5) (3.3) (3.3)Purchase of own shares - share buyback - - (20.1) (1.5) (3.3) (23.4) Reconciliation of free cash flow 26 weeksended28 June2026 26 weeksended29 June2025 52 weeksended28 December2025 £m £m £m Net cash generated from operating activities 60.6 37.2 103.9Net interest paid (8.7) (8.1) (17.4)Receipt of principal element on lease receivables 8.4 8.4 17.2Receipt of interest element on lease receivables 6.5 6.3 12.7Repayment of principal element on lease liabilities(11.4) (11.5) (22.9)Repayment of interest element on lease liabilities(7.7) (7.2) (14.7)Dividends received 0.2 0.4 1.9Other - 0.2 - 47.9 25.7 80.7 Cash and cash equivalents At28 June 2026£m At29 June2025£m At28 December2025£m Cash at bank and in hand 9.6 14.4 24.6 Total cash at bank and in hand 9.6 14.4 24.6
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Reconciliation of financing activities At29December2025£m Net cashflow£mAcquisitions£m Exchangedifferences£m Non-cashmovements£m At28 June2026£m Debt facilities (309.2) 10.0 - - (0.5) (299.7) Lease liabilities (240.1) 19.1 - 0.2 (20.2) (241.0) (549.3) 29.1 - 0.2 (20.7) (540.7) At30December2024£m Net cashflow£mAcquisitions£m Exchangedifferences£m Non-cashmovements£m At29 June2025£m Debt facilities (317.7) 17.7 (20.7) - (0.3) (321.0) Lease liabilities (229.7) 18.7 - (0.4) (18.8) (230.2) (547.4) 36.4 (20.7) (0.4) (19.1) (551.2) Notes to the interim financial statements (continued) 26 weeks ended 28 June 2026 19. Additional cash flow information (continued) At30December2024£m Net cashflow£mAcquisitions£m Exchangedifferences£m Non-cashmovements£m At28December2025£m Debt facilities (317.7) 30.1 (20.7) - (0.9) (309.2) Lease liabilities (229.7) 37.6 - (0.7) (47.3) (240.1) (547.4) 67.7 (20.7) (0.7) (48.2) (549.3) 20. Principal risks and uncertainties Details of the principal risks and uncertainties facing the Group, with the potential to materially impact thesuccessful delivery of our strategy, were set out on pages 32 to 37 of the Domino's Pizza Group plc AnnualReport and Accounts 2025. These risks are summarised as follows: competitive pressures; franchiseerelationships / operations; supply chain disruption (to either a key supplier or at one of our SCCs); food safety;loss of business-critical systems; loss of personal / corporate data; failure to deliver on our ESG commitments;failure to meet public health expectations; and people-related risks. The Executive Risk Committee, which meetsquarterly, has continued to support an effective risk monitoring process and has considered both the principal andany emerging risks and uncertainties during the first 26 weeks of 2026. Our encouraging first half performance demonstrated delivery against our strategy and the management of the principal risks thereto. In particular this was demonstrated through our food innovation, including CHICK 'N' DIP; and incremental sales through aggregators, boosted by a World Cup trading uplift, against a backdrop of acontinued value-led consumer environment and geopolitical and economic uncertainty. In addition to the resilienceof the Domino's brand, the Group has continued to demonstrate and further develop its operational resilience,including supply chain continuity and enhanced visibility of legislative and regulatory compliance, particularly relating to public health. These will all continue to be areas of focus going forward. Further information on the improvements made in mitigating our principal risks and uncertainties will be provided in our next Annual Report. Alternative Performance Measures and Glossary The performance of the Group is assessed using a number of Alternative Performance Measures ('APMs'). TheGroup's results are presented both before and after non-underlying items. Underlying profitability measures arepresented excluding non-underlying items as we believe this provides both management and investors with usefuladditional information about the Group's performance and aids a more effective comparison of the Group's tradingperformance from one period to the next and with similar businesses. Underlying profitability measures arereconciled to unadjusted IFRS results on the face of the income statement with details of non-underlying itemsprovided in note 4. In addition, the Group's results are described using certain other measures that are not defined under IFRS andare therefore considered to be APMs. These measures are used by management to monitor ongoing businessperformance against both shorter-term budgets and forecasts but also against the Group's longer term strategicplans. The definition of each APM presented in this report and, also, where a reconciliation to the nearestmeasure prepared in accordance with IFRS can be found is shown below: Item Definition Reconciliationto GAAPmeasure Overall terminology Non-underlying itemsNon-underlying items relate to significant, in nature or amount,irregular income or costs, significant impairments of assets, togetherGroup incomestatement,
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with fair value movements and other costs associated withacquisitions or disposals. note 4 Profit measures Group operatingprofit before taxexcluding non-underlying items Group operating profit before tax excluding non-underlying itemsGroup incomestatement,note 4 Net interest beforenon-underlying items Group finance costs excluding non-underlying itemsGroup incomestatement,note 4 Underlying profitbefore taxation Group profit before tax excluding non-underlying itemsGroup incomestatement,note 4 Underlying profit forthe period Group profit after taxation excluding non-underlying itemsGroup incomestatement EBITDA Earnings prior to deducting net finance costs, tax, depreciation andamortisation Note 3 EBITDAR Earnings prior to deducting net finance costs, tax, depreciation andamortisation, adjusted for lease payments, as defined in the financialcovenants Note 3 EBIT Earnings prior to deducting net finance costs and taxNot applicable Underlying basic EPSGroup Earnings Per Share, before the effect of non-underlying itemsNote 8 Last 12 months(LTM) EBITDA LTM EBITDA for the period from 30 June 2025 to 28 June 2026based on underlying activities including share of profits fromassociates and joint ventures. Not applicable Revenue measures System sales System sales represent the sum of all sales made by both franchisedand corporate stores to consumers. Not applicable Like-for-like (LFL)sales growthexcluding splits LFL sales performance is calculated against a comparable 26 weekperiod in the prior year for mature stores which were not in territoriessplit in the year or comparable period. Mature stores are defined asthose open prior to 29 December 2024. Not applicable Cash flow measures Net Debt The Revolving Credit Facility (RCF), private placement facilities, cashand cash equivalents and other loans, including balances held indisposal groups held for sale. Note 18 Free cash flow Free cash flow comprises cash generated from operations plusdividends received, less net interest cash flows, net lease paymentsand corporation tax. Free cash flow before non-underlying cash itemsrepresents the free cash flow before the inclusion of the cash impactof items recognised as non-underlying. Note 19 Other non-financial definitionsItem Definition ecommerce fundThe fund used to recharge costs for the development and maintenance of ourecommerce platform with franchisees International Represents our former businesses and investments in Norway, Sweden, Iceland,Germany and Switzerland. London corporatestores Relates to the London based corporate stores held following the acquisition of SellMore Pizza Limited and subsequent corporate store openings and closures NAF National Advertising Fund Victa DP Represents the Group's 80% investment in the trading operations of Victa DP Limited.70% was acquired on 10 March 2025 and a further 10% acquired on 30 January 2026. Shorecal Represents the Group's 100% interest in the trading operations of Shorecal Limited,which operates stores in the Republic of Ireland and Northern Ireland. Responsibility statement Each of the Directors, whose names and functions appear below, confirm to the best of their knowledge that the condensed consolidated interim financial statements have been prepared in accordance with UK adopted International Accounting Standard 34, 'Interim Financial Reporting' and the Disclosure Guidance and Transparency Rules sourcebook of the United Kingdom's Financial Conduct Authority and that the interim management report includes a fair review of the information required namely: i. DTR 4.2.7 (R): an indication of important events that have occurred during the 26 week period ended 28 June 2026 and their impact on the condensed consolidated interim financial statements; and a description of the principal risks and uncertainties for the remaining 26 weeks of the financial year; and
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ii. DTR 4.2.8 (R): any related party transactions that have taken place in the 26 week period ended 28 June 2026 that have materially affected the financial position or performance of the enterprise during that period; and any changes in the related party transactions described in the last Annual Report that could do so. The Directors of Domino's Pizza Group plc as at the date of this announcement are as set out below: Ian Bull*, Chair Nicola Frampton, Chief Executive Officer Andrew Andrea, Chief Financial Officer Natalia Barsegiyan* Tracy Corrigan* Robyn Perriss* Anne Murphy* *Non-executive Directors A list of the current Directors is maintained on the Domino's Pizza Group plc website at: corporate.dominos.co.uk. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial information differs from the legislation in other jurisdictions. This responsibility statement was approved by the Board of Directors on 3 August 2026 and is signed on its behalfby Nicola Frampton, Chief Executive Officer. By order of the Board Nicola Frampton Chief Executive Officer 3 August 2026 Independent review report to Domino's Pizza Group plc Report on the condensed consolidated interim financial statements Basis for conclusion We conducted our review in accordance with International Standard on Review Engagements (UK)2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity'issued by the Financial Reporting Council for use in the United Kingdom ("ISRE (UK) 2410"). A reviewof interim financial information consists of making enquiries, primarily of persons responsible forfinancial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with InternationalStandards on Auditing (UK) and, consequently, does not enable us to obtain assurance that we wouldbecome aware of all significant matters that might be identified in an audit. Accordingly, we do notexpress an audit opinion. We have read the other information contained in the interim report and considered whether it containsany apparent misstatements or material inconsistencies with the information in the interim financialstatements. Conclusions relating to going concern Based on our review procedures, which are less extensive than those performed in an audit asdescribed in the Basis for conclusion section of this report, nothing has come to our attention tosuggest that the directors have inappropriately adopted the going concern basis of accounting or thatthe directors have identified material uncertainties relating to going concern that are not appropriatelydisclosed. This conclusion is based on the review procedures performed in accordance with ISRE(UK) 2410. However, future events or conditions may cause the group to cease to continue as a goingconcern.
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Responsibilities for the interim financial statements and the review Our responsibilities and those of the directors The interim report, including the interim financial statements, is the responsibility of, and has beenapproved by the directors. The directors are responsible for preparing the interim report in accordancewith the Disclosure Guidance and Transparency Rules sourcebook of the United Kingdom's FinancialConduct Authority. In preparing the interim report, including the interim financial statements, thedirectors are responsible for assessing the group's ability to continue as a going concern, disclosing,as applicable, matters related to going concern and using the going concern basis of accountingunless the directors either intend to liquidate the group or to cease operations, or have no realisticalternative but to do so. Our responsibility is to express a conclusion on the interim financial statements in the interim reportbased on our review. Our conclusion, including our Conclusions relating to going concern, is based onprocedures that are less extensive than audit procedures, as described in the Basis for conclusionparagraph of this report. Use of this report This report, including the conclusion, has been prepared for and only for the company for the purposeof complying with the Disclosure Guidance and Transparency Rules sourcebook of the UnitedKingdom's Financial Conduct Authority and for no other purpose. We do not, in giving this conclusion,accept or assume responsibility for any other purpose or to any other person to whom this report isshown or into whose hands it may come save where expressly agreed by our prior consent in writing. PricewaterhouseCoopers LLP Chartered Accountants Birmingham 3 August 2026 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END