Dubai Taxi Company PJSC

Dubai Taxi Company (DTC) has formed a strategic partnership with Keeta, a subsidiary of China's Meituan, to advance last-mile delivery services in Dubai. The agreement, signed at GITEX in Dubai, aims to enhance delivery logistics, particularly in the e-commerce and quick-commerce sectors, aligning with DTC's growth strategy. Initially, DTC will deploy 150 delivery motorbikes, with plans to increase to 500 by the end of the year, projecting over AED 10 million in revenue in the first year. The partnership will also explore the integration of drones and autonomous vehicles into delivery operations. DTC's delivery segment saw significant growth, with Q2 2025 revenues rising 102% year-on-year to AED 18.2 million.

Dubai Taxi Company and Kabi by Al Ghurair, two major taxi operators in Dubai, have formed a strategic alliance to enhance urban mobility in the UAE. This collaboration includes the integration of their taxi fleets, totaling 9,880 vehicles, into the e-hailing platforms Bolt and Zed. The agreement, signed by the CEOs of both companies, aims to improve ride-hailing services by increasing availability and reducing waiting times. This initiative aligns with the Dubai Government's goal to convert 80% of taxi trips to e-hailing as part of a broader vision for smart mobility and sustainability. The partnership seeks to expand access to taxis and improve the overall customer experience in line with growing demand.

On September 24, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Vicken Khochafian, the Board Secretary and Governance Director. A copy was also sent to the Securities and Commodities Authority.

The Dubai Financial Market's Chief Executive Officer, Mr. Hamed Ahmed Ali, has been notified that the Board of Directors of Dubai Taxi Company P.J.S.C. will issue a Board Resolution by circulation on September 24, 2025. This resolution will pertain to the approval of certain internal matters concerning the company's business operations. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.

Dubai Taxi Company PJSC (DTC) reported strong financial results for Q2 2025, with a 33% year-on-year increase in net profit to AED 105.4 million. The company completed 13.6 million trips across its taxi and limousine segments, a 19% increase from the previous year. DTC has integrated over 6,000 taxis into the Bolt platform, including 700 airport taxis, as part of its strategy to develop the UAE’s largest e-hailing platform. Revenue for the quarter rose by 18% to AED 625.2 million, while EBITDA increased by 30% to AED 180.6 million, with a margin of 29%. The board approved dividends of AED 160.7 million for the first half of 2025. The taxi segment saw an 18% revenue increase to AED 539.7 million, driven by fleet expansion and high utilization, with the operational fleet reaching 6,210 vehicles, including 335 fully electric ones. The limousine segment's revenue grew by 8% to AED 30.5 million. However, the bus segment's revenue decreased by 12% to AED 31.3 million due to changes in revenue recognition, which do not affect the overall annual contract values. Overall, DTC's total operational fleet increased by 23% to 10,180 vehicles.

The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C., covering the six-month period ending on June 30, 2025.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 28, 2025, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: the consolidated financial statements for the first half of the fiscal year 2025, the distribution of cash dividends for the same period amounting to AED 160,669,328 (6.43 Fils per share), which represents 85% of the net profit. Key dates for the dividend include the last entitlement date on August 5, 2025, the ex-dividend date on August 6, 2025, the registry closing date on August 7, 2025, and the payment date on August 25, 2025. Other operational and internal matters were also addressed. The communication was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy to the Securities and Commodities Authority.

The Dubai Taxi Company PJSC will hold an earnings call on Tuesday, July 29, 2025, at 3:00 PM to discuss the financial results for the second quarter of 2025. The presentation will be available on the company's website before the meeting. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Rami Mohammad Al Banna, Head of Investor Relations. A copy has also been sent to the Securities and Commodities Authority.

The Board of Directors of Dubai Taxi Company P.J.S.C. will meet on Monday, July 28, 2025, at 3:00 pm at the company's headquarters. The agenda includes discussions and approvals on the consolidated financial statements for the first half of the fiscal year 2025, the distribution of cash dividends for the same period as authorized by the shareholders during the annual general meeting on March 19, 2025, and other operational and internal matters. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Vicken Khochafian, Board Secretary and Governance Director, with a copy to the Securities and Commodities Authority.

Dubai Taxi Company (DTC) has expanded its partnership with the global shared mobility platform Bolt by adding over 6,000 taxis, including specialized services such as People of Determination taxis and Ladies and Family taxis, to the Bolt platform in Dubai. This move aims to enhance smart transportation services and provide more convenient commuting options. Bolt is offering a 30% cashback on the first three rides booked through its app, with no surge pricing. The app features transparent pricing, accurate mapping, safety features, and a driver score system. This initiative aligns with DTC's growth ambitions and Dubai's government directive to increase e-booking for taxi services.