Dino Polska SA · GPW:DNP
Dino Polska SA — 1Q-3Q 2026 Earnings Presentation
13 slides from Dino Polska SA's earnings presentation, Nov 5, 2026
Slide 1: 1Q-3Q 2026 Financial results
1Q-3Q 2026 Financial results 5th November 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 1Q-3Q 2026
Our achievements in 1Q-3Q 2026 +256 new stores +12.2% net sales area y-o-y (+245 in 1Q-3Q 2025) (+14.3% at the end of 3Q 2025 y-o-y) +11.9% sales y-o-y +1.4% LFL y-o-y (+14.9% in 1Q-3Q 2025 y-o-y) (+4.7% in 1Q-3Q 2025 y-o-y) +4.3% EBITDA y-o-y -0.5pp EBITDA margin change y-o-y (+14.6% in 1Q-3Q 2025
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 Stores per 100k inhabitants as of September 30, 2026 (in brackets as of September 30, 2025) Net sales area (’000 m2) 238 295 376 472 573 710 848 948 1 061 1 200 1 302 5.7 (5.0) 9.6 No.
Slide 5: Investments in renewable energy sources
Investments in renewable energy sources Solar energy is powering Dino stores (recap of 1Q-3Q 2026) Dino stores are equipped with their 3.189 own photovoltaic installations (+333 in 1Q-3Q 2026) 131 MW total capacity of the PV panels of electricity generated by Dino 105 GWh from the sun in 1Q-3Q 2026
Slide 6: Growth of LFL sales
Growth of LFL sales Inflation in Sales mix 3.6 3.6 3.3 4,0 2.9 Poland % Food inflation 3.3 4.7 2.8 0.8 Product split by revenue (1Q-3Q 2026) 5.3 in Poland % Dino’s LFL sales growth Non-food 11.5% Fresh food 5.3% 40.6% 4.9% 4.7% 4.4% 1.4% Other food1 47.9% FY FY 1Q-3Q 1Q-3Q 1Q-3Q 2024 2025 2024 2025
Slide 7: High revenue growth
High revenue growth Revenues (PLNm) +10.8% y-o-y 27,679 9,531 9,708 24,738 8,623 8,761 8,896 8,439 7,354 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 1Q-3Q 2025 1Q-3Q 2026 Source: Company financial statements 7 7
Slide 8: Consistent growth in EBITDA result
Consistent growth in EBITDA result EBITDA margin 8.6% 7.8% 7.3% 8.1% 7.2% 7.5% 6.9% 6.7% 7.0% +4.7% y-o-y (EBITDA PLNm) 785.5 2,015.5 750.0 1,932.8 650.5 665.1 127.9 613.5 165.4 564.9 368.9 465.2 532.3 122.8 154.1 136.2 118.2 145.7 622.1 620.2 1,564.0 1,550.4 527.7 477.3 511.0 414.1 419.2 1Q 2025 2Q
Slide 9: 1Q-3Q 2026: EBITDA bridge
1Q-3Q 2026: EBITDA bridge (PLNm) 7.8% 7.3% + PLN 82.7 million +4.3% 49.9 368.9 185.9 1.9 465.2 (210.9) (40.4) 1,932.8 2,015.5 1,564.0 1,550.4 9M 2025 9M 2025 9M 2025 Δ Sale at a Δ Costs Δ Sale Δ G&A Δ Other operating 9M 2026 9M 2026 9M 2026 EBITDA D&A EBIT constant margin of sale and marketing incom
Slide 10: Operating cash flow
Operating cash flow Capex2 OCF structure (PLNm) (PLNm) 53% 69% 82% 82% 92% 2,557 2,697 496 646 1,772 505 409 1,607 1,707 357 369 465 2,087 1,848 1,794 1,927 1,605 1,576 1,739 1,473 1,474 1,173 ( 221) ( 231) ( 50) ( 91) 2023 2024 2025 1Q-3Q 2025 1Q-3Q 2026 ( 292) ( 184) ( 103) ( 141) 2023 2024 2025 1
Slide 11: Balance sheet
Balance sheet Net debt / EBITDA(1) Interest coverage ratio(2) 0.40x 19.2x 16.6x 15.7x 12.7x 0.11x 0.08x 0.02x -0.08x 2023 2024 2025 3Q 2025 3Q 2026 2023 2024 2025 3Q 2026 Source: Company financial statements (1) Net debt to EBITDA defined as net debt divided by EBITDA for the last twelve months (2)
Slide 12: Strategy update
Strategy update 1 Organic store roll-out 9m: 3,283 3,033 stores 2,688 stores (256 2,406 stores 2,156 stores (345 openings) 1,815 stores (283 openings) 1,473 (250 1,218 stores (344 openings) openings) 977 stores (343 openings) 775 stores (255 openings) stores (243 stores (202 openings) 628 (147 openi
Slide 13: Contact information
Contact information Grzegorz Uraziński Head of Investor Relations [email protected] +48 695 234 561 ul. Ostrowska 122 63-700 Krotoszyn Poland http://grupadino.pl 13