Dubai Taxi Company PJSC (DTC), a leading provider of mobility solutions in Dubai, reported a 28 percent year-on-year increase in net profit for the third quarter of 2025, reaching AED 76.4 million. The company’s performance was supported by steady demand across its business segments, continued fleet expansion, and sustained operational efficiency.

Revenue for the quarter rose 15 percent year-on-year to AED 585.3 million, driven by an increase in trips and the addition of new vehicles. For the first nine months of 2025, revenue grew 13 percent to AED 1.8 billion, reflecting consistent execution throughout the year.

DTC’s taxi segment remained its largest contributor, generating AED 506 million in revenue, a 12 percent increase from the same period last year. The company’s operational taxi fleet reached 6,215 vehicles by the end of September, including 401 fully electric taxis, part of its plan to achieve full fleet electrification by 2040.

The limousine business posted modest growth of 1 percent to AED 27.8 million, while the bus segment nearly doubled its revenue to AED 29.8 million following changes in contract terms with a major client. The delivery bike segment continued to expand rapidly, with revenue up 62 percent year-on-year to AED 18.3 million, reflecting strong demand in Dubai’s growing on-demand delivery market.

Across its taxi and limousine services, DTC completed 13.1 million trips in the third quarter, a 7 percent increase over the same period in 2024. The company’s total operational fleet across all segments rose 19 percent to 10,500 vehicles.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 23 percent to AED 151.4 million, with an improved EBITDA margin of 26 percent for the quarter and 27 percent for the nine-month period. The company ended the quarter with a net debt-to-EBITDA ratio of 1.5 times and AED 68 million in cash. In August, DTC distributed an interim dividend of AED 160.7 million, equivalent to 6.43 fils per share, in line with its policy to distribute at least 85 percent of annual net profit.

Chief Executive Officer Mansoor Rahma Alfalasi said the company’s results underscored its strong operational performance and alignment with Dubai’s mobility ambitions. “We delivered strong results across all key metrics, supported by sustained demand in our taxi, limousine, and delivery segments,” he said. “Our strategic partnership with Kabi represents a major step forward for Dubai’s e-hailing ecosystem and our commitment to smart, sustainable transportation.”

In the third quarter, DTC and Kabi announced an alliance to integrate their combined fleet of nearly 10,000 vehicles into the Bolt and Zed e-hailing platforms, representing about 72 percent of Dubai’s market. The collaboration supports the emirate’s target of converting 80 percent of taxi trips to e-hailing under the Roads and Transport Authority’s smart mobility vision.

Since partnering with Bolt in late 2024, the company has reported more than 652,000 downloads of the Bolt app, 27,000 registered cars, and 277 onboarded fleet partners. Recent partnerships with Mastercard and Emirates NBD have further expanded Bolt’s market presence and introduced new revenue opportunities.

Looking ahead, DTC said it remains well positioned for sustained growth, supported by Dubai’s strong tourism and population trends, ongoing infrastructure investments, and advances in transport technology. The company plans to continue optimizing operations, expanding digital services, and pursuing new partnerships to strengthen its position in the mobility sector.

Photo credits: Government of Dubai Media Office

Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.