Domino’s FY PBT rises 8.4% to £107.3m
Domino’s has also announced an additional investment in its Northern Irish joint venture, further enhancing its ability to drive growth
Domino’s has revealed that its underlying profit-before-tax rose 8.4% to £107.3m for the year ended 29 December 2024, up from £99m in the previous year.
Alongside this, the company’s system sales rose 2% from £1.54bn last year up to £1.57bn this year.
Furthermore, the takeaway pizza company saw its underlying EBITDA rise 6.4% to £143.4m, up from£134.8m in the previous year.
Despite this, the group’s revenue actually fell by 0.4% from £667m in 2023 down to £664.5m in 2024.
In this period the company agreed a new five year framework with its franchise partners and opened 54 stores.
Domino’s has also announced an additional investment in its Northern Irish joint venture, further enhancing its ability to drive growth.
Looking ahead, it expects its FY25 underlying EBITDA to be in line with current market expectations,of £146.4m with a range of £143.0m – £148.2m, excluding the positive impact of the Victa investment announced today.
CEO Andrew Rennie said: “Today’s results show the benefits of our long-term strategy.. Our trading momentum accelerated as the year progressed, our delivery channel returned to growth and we delivered strong underlying earnings growth. This has required relentless focus by our colleagues and franchise partners, and I thank them for their brilliant work.
“In 2024 we made disciplined investments in new growth opportunities, Shorecal in Ireland and DP Poland, partly financed through recycling store disposal proceeds. We continue to explore targeted, accretive opportunities, which would be financed within our existing balance sheet capacity. Since 2021 we have announced nearly £500m of shareholder returns, have increased dividends again today and remain committed to returning excess capital in the future.”
He added: “2025 has started positively in an uncertain market. With a good store opening pipeline, I am confident that with the quality of our teams and franchise partners, our unrivalled scale, resilient business model and capabilities, Domino’s is well placed to thrive in 2025 and beyond.”
