Dubai Taxi Company delivered a strong financial performance during the second quarter of 2025, with net profit rising 33 percent year-on-year to AED105.4 million ($28.7 million), representing a net profit margin of 17 percent, supported by the strong rise in operating profit.
The company’s revenue grew 18 percent year-on-year to AED625.2 million, driven by fleet expansion and a higher number of trips. For H1 2025, revenue increased by 11 percent year-on-year to AED1.2 billion, reflecting sustained momentum throughout the first half of the year.
“Our results reflect the continued strength of our operating model and our ability to deliver value through consistent execution and customer-focused innovation. We are proud to operate in a market as dynamic and forward-looking as Dubai and the wider UAE, where strong population growth, record infrastructure investment, and robust economic indicators continue to support long-term demand for smart mobility solutions,” said Dubai Taxi Company’s Chairman, H.E. Abdul Muhsen Ibrahim Kalbat.
Dubai Taxi Company expands fleet to 10,180
Dubai Taxi Company’s taxi segment revenue in Q2 2025 increased by 18 percent year-on-year to AED539.7 million, driven by fleet expansion while maintaining strong utilisation levels. As of June 2025, the total operational taxi fleet reached 6,210 vehicles, including 335 fully electric vehicles as part of the company’s ongoing transition to a more sustainable offering.
The limousine segment saw revenue increase by 8 percent year-on-year to 30.5 million in Q2 2025, supported by the expansion of its fleet. The company’s taxis and limousines segment completed 13.6 million trips during Q2 2025, up 19 percent year-on-year. As of June 2025, Dubai Taxi Company’s total operational fleet across all segments increased by 23 percent to 10,180.
“A major highlight of the period has been the deepening of our strategic partnership with Bolt, marked by the onboarding of over 6,000 taxis to the Bolt platform. This milestone represents a significant step forward in our ambition to build the UAE’s largest e-hailing ecosystem. It exemplifies our commitment to creating integrated, digital-first mobility solutions that elevate everyday convenience and reshape the customer experience,” said DTC’s CEO, Mansoor Rahma Alfalasi.
“Additionally, our alliance with Al-Futtaim Electric Mobility reinforces our long-term commitment to sustainability as we advance towards a fully electric fleet by 2040,” he added.
Delivery bike segment posts 102 percent growth
Meanwhile, the Dubai Taxi Company’s bus segment revenue stood at AED31.3 million for Q2 2025, a 12 percent decrease year-on-year, due to contractual changes that altered the revenue recognition cycle during the period. These changes do not have any impact on the overall annual contract values.
In addition, the delivery bike segment recorded strong revenue growth in Q2 2025, increasing by 102 percent year-on-year to AED18.2 million, supported by continued expansion in the fast-growing on-demand delivery market.
“Our business is underpinned by strong fundamentals, a solid financial position, and a platform built for sustainable growth. As we look to the future, our focus remains on driving operational excellence, elevating the customer journey, and unlocking new opportunities within Dubai’s and the UAE’s dynamic and fast-growing mobility landscape,” Alfalasi added.
EBITDA rises 30 percent to AED180.6 million
The Dubai Taxi Company’s EBITDA increased 30 percent year-on-year to AED180.6 million in Q2 2025, driven by a significant increase in trips and revenue, alongside a lower promotional impact from Connectech, which was more heavily weighted toward the first quarter as anticipated. The EBITDA margin in the second quarter was up 3 percentage points at 29 percent, whilst remaining robust at 28 percent for the first half, as the company remained focused on driving operational efficiencies.
The Dubai Taxi Company also maintains a healthy balance sheet, with a highly attractive net debt-to-EBITDA ratio of 1.2x and a cash balance of AED236 million as of 30 June 2025, including Wakala deposits.
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Company approves dividends of AED160.7 million
The Dubai Taxi Company’s Board of Directors has approved dividends of AED160.7 million, amounting to 6.43 fils per share for H1 2025, in line with the company’s dividend policy of targeting dividend distribution of at least 85 percent of annual net profit, distributed semi-annually. The announced interim dividend is expected to be distributed in August 2025.
