Dubai Taxi Company PJSC

Dubai Taxi Company PJSC

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Dubai Taxi Co. Reports Strong FY 2025 Results

Summary

Dubai Taxi Company P.J.S.C. posts solid FY 2025 results, proposes significant dividends, and plans for an AGM in April 2026.
Dubai Taxi Company announces robust FY 2025 financials and dividend proposal.

Dubai Taxi Company P.J.S.C., a leading provider of mobility solutions in Dubai, has announced its financial results for the fiscal year 2025, showcasing its continued dominance in the market. The company's Board of Directors met on February 23, 2026, to review and approve the Board's report and consolidated audited financial statements for FY 2025. The meeting also included a proposal to distribute cash dividends for the second half of FY 2025, amounting to AED 141,990,888, which represents 85% of the net profit for the period.

With a commanding 44% market share in Dubai's taxi sector, Dubai Taxi Company has consistently outperformed its competitors. The company's diversified business model, which includes taxi services, VIP limousine services, bus services, and last-mile delivery bike services, has allowed it to maintain a stronghold in the mobility sector. In the past year alone, the company completed 44 million trips, demonstrating its operational strength and customer trust.

The proposed dividend distribution is a testament to the company's robust financial health and its commitment to delivering value to shareholders. The Board's decision to distribute 85% of the net profit as dividends underscores their confidence in the company's future prospects and financial stability. Furthermore, the Board has resolved to convene the Annual General Meeting on April 07, 2026, subject to approval from the Securities and Commodities Authority.

Looking ahead, Dubai Taxi Company is well-positioned to capitalize on the growing demand for mobility solutions in Dubai. With a diverse fleet of over 7,000 vehicles, including eco-friendly options, the company is poised to continue its growth trajectory. The focus on sustainability and innovation will likely drive further expansion and profitability.

Given the company's strong market position, impressive financial performance, and commitment to shareholder returns, investors might consider a 'buy' position on Dubai Taxi Company shares. The proposed dividend and the company's strategic direction suggest a positive outlook for future growth.

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