• H1 25 underlying NPBT expected between $84m-$86m
• Closing 205 loss-making stores, including 172 in Japan, to improve profitability
• Interim dividend of 55.5 cents per share (unfranked)

Domino's Pizza Enterprises Ltd announced the first outcomes of a detailed operational and financial review to create a simpler and better Domino's, improving profitability, strengthening franchise partnerships, and positioning the business for long-term sustainable growth and improved shareholder returns. The review focuses on two key areas: cost efficiency through simplifying the store network and the cost base, and strategic growth through developing a value creation plan, including refined market strategy, to drive sustainable long-term value across Domino's global portfolio. Domino's intends to close 172 stores in Japan (58 franchised, 114 corporate) to focus on prefectures where the company can leverage scale, brand strength, and operational efficiencies. These closures are expected to generate $10-12m annualised EBIT uplift while incurring one-off restructuring costs of $61.8m. Group underlying NPBT is expected to be between $84m and $86m, within the guidance range, but the store optimisation and associated one-off costs will result in a statutory loss for H1. Domino's presently intends to determine a H1 FY25 interim dividend of 55.5 cents per share unfranked, with the dividend proposed to be fully underwritten under the Domino's Dividend Reinvestment Plan (DRP).

Group underlying NPBT expected to be between $84m and $86m for H1 FY25.

A review of savings initiatives through simplifying the cost base is continuing, and the appropriate proportion of reinvestment to the franchise system will be determined, as well as the anticipated earnings benefit. H2 FY25 trading has started positively, with SSS +4.3% across the Group in the first five weeks. The Japan turnaround strategy is underway with a focus on sustainable long-term market positioning.