Press releases, Reports & Disclosures for Dubai Taxi Company PJSC

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.

Dubai Taxi Company PJSC (DTC) reported AED 588.3 million in revenue for Q1 2025, marking a 5% year-on-year increase and a 7% rise on a like-for-like basis. The growth was driven by an 8% increase in trips, with 13 million trips completed in the taxi and limousine segments. DTC expanded its fleet by adding 250 fully electric taxis, totaling over 6,200 vehicles, with more than 86% of them being hybrid or electric. The company formed a strategic five-year partnership with Dubai Airports to cater to the growing number of tourists and visitors. The partnership with Bolt completed its first full quarter, experiencing strong demand despite additional promotional costs. EBITDA decreased by 9% to AED 154 million but showed a 4% increase on a like-for-like basis. Net profit was AED 84 million, down 23% overall, with a 2% decline like-for-like. Shareholders approved a final dividend of AED 122.3 million for the latter half of 2024, distributed in April 2025. DTC's results reflect strong business fundamentals, supported by Dubai's population and tourism growth.

The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C. for the three-month period ending on March 31, 2025.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, May 07, 2025, at 3:00 pm at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: the consolidated financial statements for the first quarter of the fiscal year 2025 and other operational and internal matters. The communication is addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.

The Dubai Taxi Company PJSC will hold an earnings call on Thursday, May 8, 2025, at 3:00 PM to discuss the financial results for the first quarter of 2025. The presentation will be available on the company's website before the meeting. The notice 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 is also sent to the Securities and Commodities Authority.