Dubai Taxi Company PJSC posted robust financial and operational results for Q3 2025, driven by fleet expansion and rising demand across its mobility services.
Revenue for the quarter grew 15% year-on-year to AED 585.3 million, while nine-month revenue rose 13% to AED 1.8 billion.
The taxi segment led performance, generating AED 506 million in Q3 revenue, supported by a fleet of 6,215 vehicles, including 401 fully electric cars. The limousine segment saw modest growth of 1% to AED 27.8 million, while bus revenue surged 90% to AED 29.8 million due to contract adjustments. The delivery bike segment continued its rapid expansion, posting a 62% increase to AED 18.3 million.
Operational efficiency translated into strong profitability, with EBITDA rising 23% year-on-year to AED 151.4 million and net profit increasing 28% to AED 76.4 million. DTC maintained a healthy balance sheet, recording a net debt-to-EBITDA ratio of 1.5x and AED 68 million in cash as of September 30. In August, the company distributed AED 160.7 million in dividends for H1 2025.
During the quarter, DTC strengthened its e-hailing ecosystem through a strategic partnership with Kabi, integrating 3,680 Kabi taxis into the Bolt and Zed platforms. Combined with DTC’s fleet, the partnership covers 72% of Dubai’s taxi market, advancing the city’s goal of converting 80% of trips to e-hailing. Since December 2024, Bolt has recorded over 652,000 downloads and onboarded more than 27,000 vehicles.
CEO Mansoor Rahma Alfalasi highlighted the company’s focus on operational excellence, sustainable growth, and fleet electrification, targeting a fully electric fleet by 2040. DTC continues to pursue strategic partnerships and digital innovations to expand its smart mobility solutions across Dubai.
News Source: Dubai Media Office
