• Franchise partner profitability increased to its highest level in three years
• Experienced leadership team refreshed and in place
• Strengthened balance sheet, positioned for future growth

Domino's Pizza Enterprises Ltd (ASX: DMP) today announced its financial results for the half-year ended 28 December 2025, reflecting deliberate actions taken as part of the Group's reset to improve franchise partner profitability while maintaining a compelling value proposition for customers. The leadership team is now in place and focused on disciplined execution. The Group deliberately reduced blanket discounting during the half to improve contribution from orders and strengthen store-level economics. This resulted in a short-term moderation in volumes, as intended, while improving unit economics for franchisees, with franchise profitability at its highest level in three years. Improved performance in selected European markets was offset by softer trading in Australia, Japan and France. In Australia, H1 results reflect deliberate pricing resets and the decision to prioritise franchise partner returns. This sequencing strengthened unit economics and reset the foundation for sustainable growth. Management has continued to take decisive action to improve unit economics across the system, delivering cost savings and simplification initiatives designed to support franchise partners and strengthen the foundations for sustainable growth. These actions are improving store-level economics and supporting stronger cash generation, even as volumes moderate. Strong free cash flow generation during the half enabled further debt reduction and strengthened the Group's balance sheet. Domino's operates in a resilient category, supported by a strong brand and a focus on the value equation: Product + Service + Image, at an affordable price.

The Group anticipates that 2026 Full Year results will be in line with guidance provided at the AGM, and consistent with market expectations at that time.

Domino's operates in a resilient category with long-term growth potential. As the Group continues executing the reset, the immediate focus is stabilising performance, improving unit economics and maintaining disciplined capital allocation. Progress will be measured through franchise partner profitability, free cash flow generation and continued reduction in leverage. As unit economics strengthen, the Group will selectively invest to support sustainable Same Store Sales growth and disciplined network expansion.