Own production (Agro-Rydzyna)Narrow moat

Dino Polska (DNP) — moat facet

A meat plant that earns almost nothing selling outside and earns its keep at Dino's own counters.

Own production is the meat Dino makes. Its plant, Agro-Rydzyna in Kłoda, a wholly owned subsidiary 1, supplies the meat counters that every Dino store runs with its own staff 2. Revenue from these products was 3 409,5 million złoty in 2024 and 3 945,3 million in 2025, up 15,7% 3, 11,7% of Dino's revenue 4.

Agro-Rydzyna: all meat sales against sales outside Dino (zl m)3 409,5All 20243 945,3All 2025189,8Outside 2024264,7Outside 2025Dino Polska 2025 financial statements
About 93% of the plant's output is sold over Dino's own counters.

Most of it never leaves the network. Sales outside Dino were 189,8 million złoty in 2024 and 264,7 million in 2025 5, about 7% of the plant's output 6; the rest is sold over Dino's own counters.

Outside the network it earns little. The segment covering those outside sales made operating profit of 8,2 million złoty in 2024 and 7,4 million in 2025 7, 4,3% and 2,8% of its revenue 8. The plant's value is inside the stores, where fresh meat is a reason to choose a Dino over a shop without a counter.

It is also the line where Dino controls the cost. Consumption of materials and energy, which includes the plant's inputs, fell 5,5% in the first half of 2026 while cost of goods sold rose 14,8% 9.

The line grew faster than goods in 2025, 15,7% against 14,7% 10. The number to watch is own production's share of revenue, 11,7% in 2025: a rising share would mean the counter is winning customers the branded shelf does not.

Moat trajectory: Holding steady

Revenue grew 15,7% in 2025, faster than goods; outside sales rose to 264,7 million złoty at a 2,8% segment margin.

The number that tests this moat
Reported
Own-production sales outside the Dino network
264,7m zł in 2025, from 189,8m zł

The plant's outside business earns under 3%; growth here matters less than the share sold over Dino's counters.

Source: Dino Polska 2025 financial statements, segment note ↗
References
  1. ReportedIts plant, Agro-Rydzyna in Kłoda, a wholly owned subsidiary , supplies the meat counters that every Dino store runs with its own staff .
    Dino Polska Group consolidated financial statements for 2025 - sales revenue note (goods, products, rental), operating segments (core segment and all other segments), group companies — FY2024-FY2025 · publ. March 2026 · source ↗
  2. ReportedIts plant, Agro-Rydzyna in Kłoda, a wholly owned subsidiary , supplies the meat counters that every Dino store runs with its own staff .
    Dino Polska management report for the first half of 2026 - store count, like-for-like sales, gross profit, EBITDA margin and pricing policy, costs by nature, store format — H1 2026 · publ. August 2026 · source ↗
  3. ReportedRevenue from these products was 3 409,5 million złoty in 2024 and 3 945,3 million in 2025, up 15,7% , 11,7% of Dino's revenue .
    Dino Polska Group consolidated financial statements for 2025 - sales revenue note (goods, products, rental), operating segments (core segment and all other segments), group companies — FY2024-FY2025 · publ. March 2026 · source ↗
  4. Moat Explorer calcRevenue from these products was 3 409,5 million złoty in 2024 and 3 945,3 million in 2025, up 15,7% , 11,7% of Dino's revenue .
    Moat Explorer calculation from Dino's 2025 financial statements: shares of revenue (29 650,3 and 3 945,3 of 33 634,2m), external share of own production (264,7 / 3 945,3), segment operating margins (8,2 / 189,8 and 7,4 / 264,7), growth rates — FY2024-FY2025 · publ. 2026-09-23 · source ↗
  5. ReportedSales outside Dino were 189,8 million złoty in 2024 and 264,7 million in 2025 , about 7% of the plant's output ; the rest is sold over Dino's own counters.
    Dino Polska Group consolidated financial statements for 2025 - sales revenue note (goods, products, rental), operating segments (core segment and all other segments), group companies — FY2024-FY2025 · publ. March 2026 · source ↗
  6. Moat Explorer calcSales outside Dino were 189,8 million złoty in 2024 and 264,7 million in 2025 , about 7% of the plant's output ; the rest is sold over Dino's own counters.
    Moat Explorer calculation from Dino's 2025 financial statements: shares of revenue (29 650,3 and 3 945,3 of 33 634,2m), external share of own production (264,7 / 3 945,3), segment operating margins (8,2 / 189,8 and 7,4 / 264,7), growth rates — FY2024-FY2025 · publ. 2026-09-23 · source ↗
  7. ReportedThe segment covering those outside sales made operating profit of 8,2 million złoty in 2024 and 7,4 million in 2025 , 4,3% and 2,8% of its revenue .
    Dino Polska Group consolidated financial statements for 2025 - sales revenue note (goods, products, rental), operating segments (core segment and all other segments), group companies — FY2024-FY2025 · publ. March 2026 · source ↗
  8. Moat Explorer calcThe segment covering those outside sales made operating profit of 8,2 million złoty in 2024 and 7,4 million in 2025 , 4,3% and 2,8% of its revenue .
    Moat Explorer calculation from Dino's 2025 financial statements: shares of revenue (29 650,3 and 3 945,3 of 33 634,2m), external share of own production (264,7 / 3 945,3), segment operating margins (8,2 / 189,8 and 7,4 / 264,7), growth rates — FY2024-FY2025 · publ. 2026-09-23 · source ↗
  9. ReportedConsumption of materials and energy, which includes the plant's inputs, fell 5,5% in the first half of 2026 while cost of goods sold rose 14,8% .
    Dino Polska management report for the first half of 2026 - store count, like-for-like sales, gross profit, EBITDA margin and pricing policy, costs by nature, store format — H1 2026 · publ. August 2026 · source ↗
  10. Moat Explorer calcThe line grew faster than goods in 2025, 15,7% against 14,7% .
    Moat Explorer calculation from Dino's 2025 financial statements: shares of revenue (29 650,3 and 3 945,3 of 33 634,2m), external share of own production (264,7 / 3 945,3), segment operating margins (8,2 / 189,8 and 7,4 / 264,7), growth rates — FY2024-FY2025 · publ. 2026-09-23 · source ↗
Sources
Generated September 24, 2026