In the second quarter of the dominant unit of the dominant unit of the Dino Polska group, in the second quarter of 2025, PLN 397.5 million against PLN 347.9 million of profit a year earlier – the company said in a semi -annual report. PAP Biznes consensus assumed PLN 436.7 million. In 2025, the Dino Management Board expects an average one -digit increase in LFL sales.
EBIT amounted to PLN 527.7 million against PLN 421.7 million a year ago and was 6.4 percent. lower than the expectations of analysts at the level of PLN 563.9 million.
The group's EBITDA result was PLN 650.5 million, which means an increase of 24.9 percent. rdr. PAP Business consensus assumed PLN 685 million in EBITDA.
The group's revenues amounted to PLN 8,622.6 million, which means an increase of 19 percent. rdr. Analysts expected revenues of PLN 8.716 billion.
The EBITDA margin was 7.54 percent, while a year earlier it was 7.19 percent.
In the whole first half of the year, the Dino group's revenues amounted to PLN 15.977 billion and were 14.8 percent. Higher yard
LFL sales increased in the first half of the year by 4.8 percent. (6.4 percent growth a year ago). The increase in LFL sales in the second quarter was 8.8 percent. (1.8 percent growth a year ago). As stated, the main factor positively shaping the LFL sales dynamics in the second quarter was the shift of Easter from the first quart. In 2024 to the second quarter of 2025.
The group said that the management board expects an average one -digit increase in LFL sales in 2025. Earlier, in May, the company maintained the goal of a high -digit LFL sales increase this year.
The own cost of sales increased in the first half of the year by 13.4 percent, to PLN 12,170.8 million. Sales and marketing costs increased by 22.8 percent to PLN 2,778.3 million. The costs of general management fell by 6 %, to PLN 94.3 million.
EBITDA after the first half of the year amounted to PLN 1,182.8 million (an increase of 16.8 percent yard), and net profit JD PLN 708.8 million against PLN 643.1 million profit a year earlier.
The EBITDA margin was 7.4 percent, while in the first half of 2024 it was 7.28 percent.
The company said in the report that fresh products, including meat, sausages and poultry, were responsible for 40.9 percent. sales of the Group in Q2 and for 41.4 percent In the first half of 2025
The net debt of the Dino group amounted to PLN 544.6 million at the end of June 2025, which means an increase of PLN 348.8 million compared to December 31, 2024 and a decrease of PLN 273.5 million compared to June 30, 2024.
The net debt indicator for the EBITDA result in the last 12 months was 0.22x to 30 June 2025 compared to 0.37x a year earlier.
In the second quarter, the group generated net cash from operating activities in the amount of PLN 767.2 million against PLN 527 million a year ago. In the whole first half of the year, net funds from operating activities amounted to PLN 773.9 million, 19.6 percent. less yaws.
Net cash flows from investment activities in the first half of the year amounted to minus PLN 1,037.7 million and were by 41.2 percent. Larger yard.
In the second quarter of 2025, Dino Polska launched 89 new stores. In total, 147 new stores were opened in the first half of the year compared to 98 in the same period last year. At the end of June 2025, the Dino network covered 2,835 supermarkets, 331 more than a year ago.
In the half year of 2025, the 11th Distribution Center of the Company was also launched, in Kolonia Kiekiek in the Warmian-Masurian Voivodeship.
The Dino Management Board expects that in 2025 the number of openings of new stores will increase by a dozen or so percent, and the total investment outlays will be PLN 1.8-2.0 billion (which, in addition to the development of the chain of stores, will consist of expenditure on logistics facilities and to increase the production capacity of Agro-Rydzyna). On the occasion of the results for the first quarter, the company assumed that Capex in 2025 would amount to PLN 1.7-1.8 billion.
Below are the results of Dino Polska in the second quarter of 2025 and their reference to the PAP Biznes consensus and to previous results. Data in PLN million.
| 2Q2025 | results | cons. | difference | y/y | Q/Q | YTD 2025 | yard |
| Income | 8622.6 | 8716.4 | -1.1% | 19.0% | 17.3% | 15976.9 | 14.8% |
| EBitda | 650.5 | 685.0 | -5.0% | 24.9% | 22.2% | 1182.8 | 16.8% |
| EBIT | 527.7 | 563.9 | -6.4% | 25.1% | 27.4% | 941.8 | 15.0% |
| JD net profit | 397.5 | 436.7 | -9.0% | 14.3% | 27.7% | 708.8 | 10.2% |
| EBITDA margin | 7.5% | 7.9% | -0.31 | 0.36 | 0.31 | 7.40% | 0.12 |
| EBIT margin | 6.1% | 6.5% | -0.34 | 0.30 | 0.49 | 5.89% | 0.01 |
| net margin | 4.6% | 5.0% | -0.39 | -0.19 | 0.38 | 4.44% | -0.19 |
Pel/ Ana/
