Domino's: FY25 underlying profit met market expectations

Domino's Pizza Enterprises Limited (DMP) clarified that its FY25 underlying net profit after tax (NPAT) of A$116.9m was consistent with market consensus estimates of A$117.1m. The company considers underlying NPAT the most appropriate measure of earnings, as it removes one-off significant items for a clearer view of financial performance. This assessment relies on "consensus estimates" derived from sell-side analyst forecasts aggregated by data provider Visible Alpha.

The company's statutory NPAT for FY25, however, was a negative A$3.7m. This figure included A$118.4m in impairments and write-downs related to store closures, A$15.6m for intangible assets, land, buildings, and inventories, A$16.5m for streamlining operations, and A$6.5m for finance and supply system deployment. Domino's does not view statutory NPAT as a reliable indicator of its earnings performance or a driver of market expectations due to these material, non-recurring costs.

DMP reaffirmed it was not aware of any information that its underlying NPAT for the 12-month period ending June 30, 2025, would materially differ from consensus estimates, a position previously communicated on July 2, 2025. The company also confirmed its compliance with Listing Rule 3.1 and that its responses were authorized and approved in line with its continuous disclosure policy.