Domino's Pizza Enterprises (DMP) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, confirmed quorum, and outlined meeting procedures, including voting card distribution and online participation guidelines.

• Board members, company secretary, and external auditor were introduced, with the auditor available for questions on audit matters.

• Executive Chairman expressed optimism for future growth, highlighting the company's global scale and the importance of finding the right formula for long-term profitability.

• Emphasis on value creation for franchisees and shareholders, with a focus on operational reset and strategic discipline.

Financial performance review

• FY25 EBIT reached $198.1m, supported by disciplined cost management and reinvestment in growth.

• Free cash flow exceeds $100 million per annum, with strong free cash flow expected in FY26, enabling debt reduction and growth funding.

• Net debt reduced by $150m, with leverage ratio trending toward <2.0x target.

• Cost reduction initiatives identified $60–$70 million in savings, with $50 million already being actioned and $20–$30 million to benefit FY26.

• Recent sales showed a -1.2% same-store sales result, with Europe positive and APAC reflecting a planned reset.

Board and executive committee updates

• Strengthened management team with new Group CFO, Chief Strategy Officer, Chief Procurement Officer, and ongoing CEO search.

• New senior appointments include CEOs for Japan, France, and New Zealand, with New Zealand now a separate market.

• Searches for Group CEO and Australia CEO are well progressed, with experienced acting executives ensuring continuity.

• Board members standing for reelection shared reflections on governance, transformation, and commitment to shareholder value.