Slide 1: 2025 Full Year Results Presentation
DPC Dash Ltd (1405.HK) 2025 Full Year Results Presentation March 25, 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by DPC Dash Ltd (the “Company” and together with its subsidiaries, the “Group”) solely for information purposes and does not constitute a recommendation regarding the securities of the Group or an offer to sell or issue or the solicitation of an offer t
Slide 3: Steady Growth and Margin Gains Through FY2025
Steady Growth and Margin Gains Through FY2025 Revenue Store Footprint Loyalty Program Members RMB 5,382.0 million 1,315 Stores in 60 Cities 35.6 million +45.3% YoY Growth +24.8% YoY Growth +307 net new stores Achieved double-digit growth 12x+ increase in store count since 2017(1) 15.4 million new cu
Slide 4: Strategic Expansion of Store Footprint Across Key Cities
Strategic Expansion of Store Footprint Across Key Cities Store Footprint 2026 Store Outlook 517 1,315 Stores in 60 Cities 39.3% 798 60.7% +350 net new stores +307 net new stores +21 new cities 12x+ increase in store count since 2017(1) ~63% of 2026 target secured(2) Tier 1 cities Non-Tier 1 cities N
Slide 5: Continuing Bringing Innovative Product and Value to Our Customers
Continuing Bringing Innovative Product and Value to Our Customers Loyalty Program Members(1) 35.6 million +45.3% YoY Growth Tuscany Cheese Sicilian Beef & Madrid Beef & More Toppings Yak Beef Matsutake ~61% CAGR since 2022 Salmon Pizza Bamboo Shoot Pizza Shrimp Pizza Upgrade Ham Fortune Pizza New cu
Slide 6: Financial Highlights
Y iA SER LE RE Financial Highlights
Slide 7: Financial Results Overview
Financial Results Overview RMB mm 2023-2025 2025 vs. 2024 2023 2024 2025 CAGR % Growth % Revenue 3,050.7 4,314.1 5,382.0 32.8% 24.8% Growth (%) 51.0% 41.4% 24.8% Store EBITDA(1) 576.6 831.4 1,001.0 31.8% 20.4% Margin (%) 18.9% 19.3% 18.6% Store Operating Profit 419.7 624.0 739.7 32.7% 18.5% Margin (
Slide 8: Established Markets Sustain Growth, New Markets Fuel Momentum
Established Markets Sustain Growth, New Markets Fuel Momentum Revenue Growth and Mix (Growth %) 41.4% 24.8% (RMB mm) 100.0% 5,382.0 4,314.1 3,050.7 80.0% +43.4% 51.2% yoy growth 58.8% 60.0% 2023 2024 2025 40.0% Average Daily Sales Per Store 48.8% +5.2% 20.0% 41.2% yoy growth (RMB) 12,580 13,126 12,4
Slide 9: Store Profitability Remain Resilient and Healthy Amid Quick Expansion
Store Profitability Remain Resilient and Healthy Amid Quick Expansion Store Cost Items as % of Revenue Store Operating Profit and Margin(3) YoY % 105.1% 48.7% 18.5% (RMB mm) (RMB mm) 739.7 2,631.0 3,690.1 4,642.4 Other cost(1) 5.6% 5.1% 5.0% 6.2% 624.0 Operation and maintenance cost 6.2% 6.3% Advert
Slide 10: Strengthening Corporate Efficiency
Strengthening Corporate Efficiency Cash-Based Compensation Corporate D&A and as % of Corporate G&A and as % of Cost and as % of Revenue Revenue Revenue (RMB mm) (RMB mm) (RMB mm) 7.3% 1.8% 2.4% 5.7% 1.3% 2.0% 5.1% 1.1% 1.8% 274.7 58.8 223.8 245.5 53.4 55.4 88.4 97.9 71.8 2023 2024 2025 2023 2024 202
Slide 11: Reconciliation of Adjusted EBITDA and Adjusted Net Profit
Reconciliation of Adjusted EBITDA and Adjusted Net Profit(1) Adjusted EBITDA and Margin Adjusted Net Profit and Margin (% Margin) 9.9% 11.5% 11.8% (% Margin) 0.3% 3.0% 3.5% 634.6 (RMB mm) (RMB mm) 187.9 495.2 131.2 301.7 8.8 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 Reconciliation