DP Eurasia N.V., the parent company of Domino's Pizza in Turkey, Azerbaijan, and Georgia, has released its interim results for the six months ended June 30, 2023. The company reported strong overall performance, with group revenue up 24.7% and system sales up 32.7%. In Turkey, the company saw excellent like-for-like growth of 26.5% despite a sustained inflationary environment. Azerbaijan and Georgia also delivered positive like-for-like growth. Adjusted EBITDA increased 34.4% to TRY 265 million, and adjusted net income from continuing operations increased 50.2% to TRY 229 million. The company maintained a strong liquidity position with TRY 372 million in cash and an undrawn bank facility of TRY 515 million. Adjusted net debt was TRY 618 million, and leverage improved to 1.3x from 2.3x at the end of 2022. The company expects leverage to further improve by year-end. The Turkish Domino's Pizza network increased by 47 stores year on year, and the COFFY network exceeded the 50-store milestone. The company is confident in its ability to reach its net new store opening guidance for the full year. The growth opportunity for COFFY remains significant, with excellent market dynamics in Turkey for the coffee sub-segment. The company has initiated bankruptcy proceedings for its Russian subsidiary and will provide updates on the financial impact of these proceedings. Looking ahead, the company expects high teens inflation-adjusted like-for-like growth for the full year 2023 and anticipates maintaining organic and like-for-like sales momentum through sustained network expansion, volume growth, and targeted price adjustments.