Dubai Taxi Company has recommended a final dividend of AED142 million for the second half of 2025, reinforcing shareholder returns after delivering solid financial and operational growth driven by fleet expansion and rising mobility demand across Dubai.
The proposed dividend, equivalent to 5.68 fils per share, follows an interim dividend of AED160.7 million distributed in August 2025. Together, total dividends for FY2025 reach AED302.7 million, or 12.11 fils per share, marking a 7.5 percent increase compared with the previous year. The final payout is expected in April 2026, subject to shareholder approval at the General Assembly, in line with the company’s policy to distribute at least 85 percent of annual net profit.
In its second full year since listing, Dubai Taxi Company reported revenue growth of 13 percent year on year to AED2.47 billion, supported by fleet expansion and higher trip volumes across taxi and limousine operations. Fourth quarter revenue rose to AED675.4 million, reflecting sustained momentum through the end of the year.
The taxi segment remained the primary growth driver, with revenue increasing 11 percent to AED2.14 billion. By December 2025, the operational taxi fleet reached 6,217 vehicles, including 525 fully electric units, helping the company maintain a leading 45 percent market share in Dubai.
Other segments also recorded steady performance. Limousine and bus operations each grew 4 percent annually, while the delivery bike segment surged 84 percent to AED78.4 million amid strong demand in the on demand delivery market.
Across taxi and limousine services, the company completed 53 million trips during the year, an 8 percent increase. Total fleet size expanded 18 percent to 11,126 vehicles, reflecting disciplined capacity growth aligned with rising tourism and population trends.
E hailing activity continued to accelerate through the company’s partnership with Bolt, with trips rising 24 percent to 20.8 million, supporting Dubai’s broader ambition to shift most taxi journeys to digital platforms.
EBITDA grew 12 percent to AED652 million, while net profit increased 7 percent to AED356.1 million, supported by higher trip volumes and operational efficiencies alongside continued investment in technology initiatives.
News Source: Emirates News Agency
