DP Poland PLC on Friday reported much stronger performance in 2024, with sales tracking ahead for 2025.
The Manchester-based pizza restaurant chain posted a 20% increase in revenue to £53.6 million last year from £44.6 million in 2023.
Pretax loss narrowed significantly to £555,130 in 2024 from £4.9 million in 2023. DP Poland noted it is debt free, with £11.3 million in cash at December 31, up from £1.9 million a year before.
Adjusted earnings before interest, tax, depreciation and amortisation rose to £4.8 million from £3.5 million the year prior, at a 9.0% margin, compared to 7.9%.
Group system sales were up nearly 20% to £55.2 million from £46.1 million. On a like-for-like basis, system sales grew 18%, and delivery channel system sales increase by 20%.
‘2024 was a pivotal year as we advanced our transformation strategy and laid the foundation for long-term success,’ commented Chief Executive Nils Gornall.
‘Despite a challenging macroeconomic environment and a record prior year comparison, we delivered sustained, robust sales growth and enhanced our store network through accelerated expansion and optimisation, and continued progress on our franchising strategy.’
DP Poland said 2025 sales were tracking ahead of 2024, and will provide further details in its half-year trading update in mid-July.
The company’s shares traded 8.1% higher at 10.00 pence midday Friday in London.
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