Dubai Taxi Firm PJSC (DTC) posted income of AED 625.2 million for the three months ending June 30, 2025, marking an 18 per cent enhance year-on-year.
The corporate attributes the expansion to fleet enlargement and better journey volumes. For the six-month interval, income reached AED 1.2 billion, representing an 11 per cent enhance in comparison with the identical interval in 2024.
The taxi section generated AED 539.7 million in Q2 2025, up 18 per cent year-on-year, supported by fleet enlargement while sustaining utilisation ranges.
DTC posts strong Q2 efficiency
The corporate operated 6,210 autos as of June 2025, together with 335 electrical autos as a part of its sustainability transition.
DTC’s limousine section recorded income of AED 30.5 million in Q2 2025, an 8 per cent enhance year-on-year, pushed by fleet enlargement.
The mixed taxis and limousines section accomplished 13.6 million journeys throughout the quarter, up 19 per cent from the earlier yr. Whole operational fleet throughout all segments reached 10,180 autos by June 2025, a 23 per cent enhance.
The bus section income declined 12 per cent year-on-year to AED 31.3 million for Q2 2025 resulting from contractual adjustments affecting income recognition timing. The corporate acknowledged these adjustments don’t impression annual contract values.
DTC’s supply bike section posted income development of 102 per cent year-on-year to AED 18.2 million in Q2 2025, supported by enlargement within the on-demand supply market.
EBITDA elevated 30 per cent year-on-year to AED 180.6 million in Q2 2025, pushed by larger journeys and income alongside lowered promotional impression from Connectech, DTC’s subsidiary together with Bolt e-hailing operations.
The EBITDA margin reached 29 per cent within the second quarter, up three share factors, while sustaining 28 per cent for the primary half.
Internet revenue rose 33 per cent year-on-year to AED 105.4 million in Q2 2025, representing a 17 per cent internet revenue margin.
The corporate maintains a internet debt-to-EBITDA ratio of 1.2x and money steadiness of AED 236 million as of June 30, 2025, together with Wakala deposits.
Abdul Muhsen Ibrahim Kalbat, Chairman, DTC, mentioned in a assertion: “Our outcomes replicate the continued power of our working mannequin and our potential to ship worth by means of constant execution and customer-focused innovation. We’re proud to function in a market as dynamic and forward-looking as Dubai and the broader UAE, the place sturdy inhabitants development, document infrastructure funding, and strong financial indicators proceed to help long-term demand for good mobility options, and we’re well-positioned to capitalise on these constructive tendencies.”
The Board authorized a dividend payout for the primary half, in keeping with the corporate’s coverage to distribute not less than 85 per cent of annual internet revenue, Kalbat confirmed.
Mansoor Rahma Alfalasi, CEO, DTC, mentioned: “Our efficiency within the second quarter and first half of 2025 underscores our disciplined execution and sustained operational progress. We proceed to see sturdy momentum throughout our core segments, pushed by increasing fleet capabilities and rising demand for good, customer-centric mobility options.”
Alfalasi additionally famous a partnership milestone with Bolt, involving the onboarding of over 6,000 taxis to the platform.
“This milestone represents a big step ahead in our ambition to construct the UAE’s largest e-hailing ecosystem. It exemplifies our dedication to creating built-in, digital-first mobility options that elevate on a regular basis comfort and reshape the client expertise,” he added.
The CEO additionally defined the corporate’s alliance with Al-Futtaim Electrical Mobility, stating it “reinforces our long-term dedication to sustainability as we advance in the direction of a totally electrical fleet by 2040.”
“Our enterprise is underpinned by sturdy fundamentals, a stable monetary place, and a platform constructed for sustainable development. As we glance to the longer term, our focus stays on driving operational excellence, elevating the client journey, and unlocking new alternatives inside Dubai’s and the UAE’s dynamic and fast-growing mobility panorama,” he mentioned.
DTC’s Board authorized dividends of AED 160.7 million, equal to six.43 fils per share for H1 2025, aligned with the corporate’s coverage of distributing not less than 85 per cent of annual internet revenue semi-annually. The interim dividend can be distributed in August 2025.
Development momentum helps DTC technique
DTC expanded its partnership with Bolt by onboarding over 6,000 taxis onto the platform, supporting Dubai’s imaginative and prescient to transition 80 per cent of taxi journeys to e-booking. This initiative helps DTC’s 2025-2029 technique to determine itself because the UAE’s largest taxi operator.
The corporate launched a partnership with Al-Futtaim Electrical Mobility Firm, deploying 200 BYD SEAL electrical taxis throughout Dubai.
This types a part of DTC’s plan to realize full fleet electrification by 2040, supporting the UAE’s Internet Zero 2050 imaginative and prescient.
Bolt entered a partnership with talabat, providing talabat professional subscribers reductions on Bolt rides, creating integration throughout transport and supply platforms.
DTC maintains confidence throughout all enterprise segments, supported by macroeconomic momentum in Dubai and the UAE.
Continued infrastructure funding, inhabitants development, and tourism inflows are anticipated to maintain demand for mobility options.
The corporate’s strategic partnership with Dubai Airports positions it to seize worth from the emirate’s development, while expertise investments and partnerships will unlock new alternatives.
