
Dubai Taxi Company PJSC
Pressreleases, Reports and Disclosures for Dubai Taxi Company PJSC
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.
A notification was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, regarding a Board of Directors meeting for Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, May 7, 2025, at 3:00 PM at the company's headquarters. The agenda includes discussions and approvals of the consolidated financial statements for the first quarter of the fiscal year 2025, along with other operational and internal matters. The letter was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy to the Securities and Commodities Authority.
On April 10, 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 Chief Executive Officer of the Dubai Financial Market. The notice was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy also sent to the Securities and Commodities Authority.
The Dubai Financial Market's CEO, 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 April 10, 2025. This resolution will address internal matters related to the company's business operations. The notification was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy also sent to the Securities and Commodities Authority.
The Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation on March 26, 2025, concerning the approval of internal matters that do not affect the company's share price. This information was communicated to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The correspondence was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.
Date: 24/03/2025 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, United Arab Emirates Subject: Notification of Issuing a Board Resolution by Circulation – Dubai Taxi Company P.J.S.C. This is to inform you that the Board of Directors of Dubai Taxi Company P.J.S.C. will issue a Board Resolution by Circulation on 26/03/2025. The resolution pertains to the approval of internal matters that will not affect the company's share price. Best Regards, Vicken Khochafian Board Secretary & Governance Director CC: Securities and Commodities Authority
Dubai Taxi Company held its Annual General Meeting on March 19, 2025, at the InterContinental Hotel in Dubai, with options for in-person and electronic participation. The meeting achieved a legal quorum, and the following resolutions were approved by a majority of the votes: 1. Appointment of Mr. Vicken Khochafian as the Secretary for the Meeting and LUMI as the Vote Collector. 2. Approval of the Board of Director’s Report on the company's activities and financial position for the fiscal year ending December 31, 2024. 3. Approval of the independent external auditor’s report for the fiscal year ending December 31, 2024. 4. Approval of the company's balance sheet and profit and loss account for the fiscal year ending December 31, 2024. 5. Approval of the Board of Director’s proposal to distribute cash dividends for the second half of the fiscal year ending December 31, 2024, amounting to AED 122,308,369 (4.89 Fils per share), representing 85% of the net profit for the period. The Board is also authorized to distribute semi-annual dividends for the first half of the financial year 2025 in line with the company's article of association and dividend policy. The last entitlement date for dividends is March 27, 2025, with the ex-dividend date on March 28, 2025, and the record date on April 2, 2025.
The text appears to be a title or heading for an Integrated Annual Report for the year 2024, focusing on sustainable growth and leadership in sustainability.
Dubai Taxi Company (DTC) has entered a five-year exclusive partnership with Dubai Airports to provide taxi services at Dubai International and Dubai World Central - Al Maktoum International. This agreement aims to accommodate the increasing number of tourists and visitors, with airport taxi trips expected to exceed 8 million by 2029 and projected revenues of AED 2.5 billion over five years. In 2024, Dubai Airports welcomed 93 million guests, resulting in 6 million taxi and limousine trips. DTC has been collaborating with Dubai Airports since 1997 and has expanded to become Dubai's leading taxi operator, currently managing a fleet of about 900 taxis and 500 premium limousines.