Dubai Taxi Company PJSC

Dubai Taxi Company PJSC

Pressreleases, Reports and Disclosures for Dubai Taxi Company PJSC

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Dubai Financial Market News
Disclosure: Press release regarding financial results for the 2nd QTR of 2026

Dubai Taxi Company PJSC (DTC) reported a challenging Q2 2026 due to reduced demand in airport and tourism-related services, resulting in a 24.4% decline in taxi and limousine trips compared to the previous year. However, there were early signs of demand normalization, with June trips only 11.2% below the prior year's level, improving from a 36.7% decline in April. Revenue for Q2 2026 decreased by 22.5% to AED 484.5 million, and EBITDA fell by 57.2% to AED 77.2 million, reflecting lower trip volumes. Net profit for the quarter was AED 10.4 million, with H1 2026 net profit at AED 61.1 million. The company continued executing its five-year strategy, successfully acquiring National Taxi to enhance its presence in Abu Dhabi and expand regionally in Ajman and Abu Dhabi. Despite the challenging environment, DTC maintained resilient operations with no service disruptions and reported H1 2026 revenue exceeding AED 1 billion.

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Dubai Financial Market News
Disclosure: Financial statements for the 2nd QTR of 2026

The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C. for the six-month period ending on June 30, 2026.

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Dubai Financial Market News
Disclosure: Results of BOD Meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 23, 2026, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: 1. The consolidated financial statements for the first half of the fiscal year 2026. 2. The Board decided not to distribute an interim cash dividend for the first half of 2026. They will consider distributing dividends for the full fiscal year 2026 after the annual financial statements are approved, taking into account the company's financial performance, capital requirements, strategic priorities following the successful acquisition of National Taxi Company, and compliance with regulatory requirements and shareholder approval, if necessary. 3. Other operational and internal matters were also addressed. Best regards, Vicken Khochafian, Group Board Secretary & Governance Director. A copy of this communication was sent to the Capital Market Authority.

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Dubai Financial Market News
Disclosure: Earnings Call

The Dubai Taxi Company PJSC will hold an earnings call on Friday, July 24, 2026, at 11:00 AM to discuss the financial results for the second quarter of 2026. The presentation will be available on the company's website prior to the meeting. The notice is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Nader Ibrahim Mugbil, Head of Investor Relations. A copy is also sent to the Securities and Commodities Authority.

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Dubai Financial Market News
Disclosure: BOD meeting

A notification has been issued to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding a Board of Directors meeting for Dubai Taxi Company P.J.S.C. The meeting is scheduled for July 23, 2026, 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 2026, the distribution of cash dividends for the same period as authorized by shareholders during the annual general meeting on April 7, 2026, and other operational and internal matters. The notice is sent by Vicken Khochafian, Group Board Secretary & Governance Director, with a copy to the Capital Market Authority.

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Dubai Financial Market News
Disclosure: Press release

Dubai Electricity and Water Authority (DEWA) and Dubai Taxi Company (DTC) have launched Dubai's first ultra-fast electric vehicle (EV) charging hub for DTC’s electric taxi fleet. The hub, located at DTC’s headquarters in Muhaisnah 4, features 24 ultrafast charge points, each with a capacity of 360 kW, enabling the simultaneous charging of 24 vehicles in about 35 minutes. This development is part of a strategic agreement signed at WETEX 2025 to install over 200 ultrafast EV charge points for DTC's fleet, enhancing Dubai's green mobility infrastructure. The initiative supports Dubai's Green Mobility Strategy 2030 and the Net Zero Carbon Emissions Strategy 2050 by promoting sustainable and efficient transportation and reducing carbon emissions. DEWA CEO Saeed Mohammed Al Tayer emphasized the importance of strategic partnerships in advancing Dubai’s sustainability goals, while DTC Group Chairman Abdul Muhsen Ibrahim Kalbat highlighted the role of such collaborations in DTC's growth and commitment to innovative mobility.

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Dubai Financial Market News
Disclosure: Notification from the company

On July 8, 2026, Dubai Taxi Company PJSC disclosed an agreement to acquire 100% of the issued share capital of National Taxi LLC, a UAE taxi operator with over 2,500 licensed plates in Dubai, Abu Dhabi, and Al Ain. The acquisition cost is AED 1,449,049,648, finalized on July 7, 2026, after applying a locked-box adjustment mechanism under the Sale and Purchase Agreement. This acquisition aligns with DTC's growth strategy, allowing it to increase its market share in Dubai and enter the Abu Dhabi market. It is expected to enhance earnings and dividends from the first full year of ownership, with additional benefits anticipated from identified synergies.

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Dubai Financial Market News
Disclosure: Press release

Dubai Taxi Company (DTC) has completed its acquisition of National Taxi LLC, securing all necessary regulatory approvals. This acquisition is part of DTC's five-year growth strategy, enhancing its market share to 59% in Dubai and establishing a 12% share in Abu Dhabi. With a combined fleet of over 9,500 vehicles, DTC becomes the largest taxi operator in the UAE. The deal, valued at AED 1.45 billion, is expected to positively impact earnings from the first year and offer operational synergies. DTC's CEO, Mansoor Rahma Alfalasi, highlighted the acquisition as a significant step in their growth strategy, aiming to integrate National Taxi and deliver strategic and financial benefits. National Taxi reported revenue of AED 774 million and EBITDA of AED 183 million for the year ended July 2025.

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Dubai Financial Market News
Disclosure: Results of BOD Meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, November 26, 2025, at 3:00 pm at the company's headquarters. The meeting achieved quorum, and the board discussed and approved the company's budget for the fiscal year 2026, along with other operational and internal matters. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities and Commodities Authority.

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Dubai Financial Market News
Disclosure: BOD meeting

A notification has been issued to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, regarding an upcoming Board of Directors meeting for Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, November 26, 2025, at 3:00 PM at the company's headquarters. The agenda for the meeting includes the review and approval of the company's budget for the fiscal year 2026, as well as discussions on other operational and internal matters. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.

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Dubai Financial Market News
Disclosure: Press release regarding financial results for the 3rd QTR of 2025

Dubai Taxi Company PJSC (DTC) reported strong financial results for Q3 2025, with a net profit increase of 28% year-on-year to AED 76.4 million. The company completed 13.1 million trips in its taxi and limousine segments, a 7% rise from the previous year. Revenue for the quarter grew by 15% to AED 585.3 million, while EBITDA rose by 23% to AED 151.4 million, with a margin increase of 2 percentage points compared to Q3 2024. A dividend of AED 160.7 million for the first half of 2025 was distributed in August. DTC also launched a strategic partnership with Kabi to advance mobility in the UAE. The company's taxi segment saw a 12% revenue increase to AED 506.0 million, supported by fleet expansion and high utilization, with a total operational fleet of 6,215 vehicles, including 401 fully electric ones, as of September 2025.

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Dubai Financial Market News
Disclosure: Financial statements for the 3rd QTR of 2025

The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C. It covers the financial performance and position of the company for the nine-month period ending on September 30, 2025.

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