Dino Polska Sa · GPW:DNP
Dino Polska Sa — H1 2026 Earnings Presentation
13 slides from Dino Polska Sa's earnings presentation, Aug 20, 2026
Slide 1: 1H 2026 Financial results
1H 2026 Financial results 20th August 2026
Slide 2: Disclaimer
Disclaimer Neither this presentation (the “Presentation”) nor any copy of it nor the information contained herein being issued, and nor may this Presentation nor any copy of it nor the information contained herein be distributed directly or indirectly to or into, the United States, Canada, Australia
Slide 3: Our achievements in 1H 2026
Our achievements in 1H 2026 +148 stores +12.4% net sales area y-o-y (+147 in 1H 2025) (+13.5% in 1H 2025 y-o-y) +12.5% sales y-o-y +2.2% LFL y-o-y (+14.8% in 1H 2025 y-o-y) (+4.8% in 1H 2025 y-o-y) +4.0% EBITDA y-o-y -0.6 pp EBITDA margin y-o-y (+16.8% in 1H 2025 y-o-y) (+0.1 pp in 1H 2025 y-o-y) 3
Slide 4: Network expansion – higher number of stores and geographic composition
Network expansion – higher number of stores and geographic composition Network expansion to date Regional coverage Net sales area (’000 m2) Stores per 100k inhabitants as of June 30, 2026 (in brackets as of June 30, 2025) 238 295 376 472 573 710 848 948 1,061 1,200 1,259 5.6 (4.7) 9.3 No. of stores
Slide 5: Investments in renewable energy sources
Investments in renewable energy sources Solar energy is powering Dino stores (recap of H1 2026) Dino stores are equipped with their 3,048 own photovoltaic installations (+192 in H1 2026) 126 MW total capacity of the PV panels on Dino stores (+15.7% y-o-y) of electricity generated by Dino 63 GWh from
Slide 6: Growth of LFL sales
Growth of LFL sales Inflation Rate 15.0 4.5 2.7 2.7 Sales mix 8.0 2.7 4.6 in Poland (%) Product split by revenue (1H 2026) 25% 23.3% Non-food 20% 11.8% 20.8% 15% 12.4% Fresh food 41.3% 10% 6.4% 10.0% 5.7% 4.3% 4.0% 5% 2.2% 4.4% 4.8% Other 3.7% food1 0% 2.3% 1.5% 46.9% 1H 2H 1H 2H 1H 2H 1H 2023 2023
Slide 7: Sales revenue
Sales revenue +10.5% y-o-y 17,971 Revenues (PLNm) 9,531 15,977 8,623 8,761 8,896 8,439 7,354 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 1H 2025 1H 2026 Source: Company financial statements 7 7
Slide 8: EBITDA result
EBITDA result EBITDA margin 8.6% 7.2% 7.5% 6.9% 6.7% 7.0% 7.4% 6.8% +2.2% y-o-y (EBITDA PLNm) 750.0 665.1 1,183 1,230 650.5 127.9 613.5 564.9 532.3 122.8 154.1 240.9 299.8 136.2 118.2 145.7 622.1 527.7 477.3 511.0 941.8 930.2 414.1 419.2 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 1H 2025 1H 202
Slide 9: H1 2026: EBITDA bridge
H1 2026: EBITDA bridge (PLNm) 7.40% 6.84% PLN +47.2 million +4.0% 30.6 37.7 240.9 117.5 58.3 2.6 299.8 1,182.8 1,230.0 941.8 930.2 1H 2025 1H 2025 1H 2025 Δ Sale Δ Cost Δ Sales & Δ G&A Δ Other 1H 2026 1H 2026 1H 2026 EBITDA D&A EBIT at a constant of sales marketing operating EBIT D&A EBITDA margin c
Slide 10: Operating cash flow
Operating cash flow Capex2 OCF structure (PLNm) (PLNm) 79% 53% 69% 73% 88% 2,557 2,697 496 646 1,772 505 357 409 774 770 2,087 1,927 241 300 1,605 1,739 1,794 1,173 1,043 980 876 878 (221) ( 231) (217) (306) 2023 2024 2025 1H 2025 1H 2026 ( 292) ( 126) ( 103) ( 103) Capex Capex as % of EBITDA 2023 2
Slide 11: Balance sheet
Balance sheet Net debt / EBITDA(1) Interest coverage ratio(2) 0.4x 19.0x 16.6x 15.7x 0.2x 12.7x 0.1x 0.03x -0.1x 2023 2024 2025 1H 2025 1H 2026 2023 2024 2025 1H 2026 Source: Company financial statements (1) net debt to EBITDA defined as net debt divided by EBITDA for the last twelve months (2) inte
Slide 12: Strategy update
Strategy update 1 Organic store roll-out 1H: 3,176 2,688 3,033 stores 2,406 stores stores (148 2,156 stores (283 (345 openings) 1,815 stores (250 openings) openings) 1,473 stores (344 openings) 1,218 stores (343 openings) 977 stores 775 (255 openings) stores (243 openings) stores (202 openings) 628
Slide 13: Contact information
Contact information Grzegorz Uraziński Head of Investor Relations grzegorz.urazinski@marketdino.pl +48 695 234 561 ul. Ostrowska 122 63-700 Krotoszyn Poland http://grupadino.pl 13