Dubai Taxi Company PJSC

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 25, 2024, achieving quorum. During the meeting, the following items were discussed and approved: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of FY 2024, amounting to AED 159,279,837 (6.37 fils per share), representing 85% of the net profit for the period. Key dates include: - Last entitlement date: August 01, 2024 - Ex-dividend date: August 02, 2024 - Registry closing date: August 05, 2024 - Payment date: August 23, 2024 3. Other operational and internal matters. The communication was signed by Vicken Khochafian, Board Secretary, and a copy was sent to the Securities and Commodities Authority.

On 22 July 2024, Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, was informed that Dubai Taxi Company PJSC will hold an earnings call on Friday, 26 July 2024, at 10:00 AM to discuss the financial results for the second quarter of 2024. The presentation for the meeting will be available on the company's website prior to the meeting. The announcement was made by Rami Mohammad Al Banna, Head of Investor Relations, and a copy was sent to the Securities and Commodities Authority.

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Thursday, July 25, 2024, at 3:00 PM at the company's headquarters. The agenda includes discussions and approvals on the following items: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of the fiscal year 2024, as authorized by the shareholders during the AGM on March 28, 2024, in accordance with the company's articles of association and dividend policy. 3. Other operational and internal matters. Best Regards, Vicken Khochafian Board Secretary CC: Securities and Commodities Authority

Dubai Taxi Company (DTC) has entered into a strategic partnership with talabat UAE, a leading delivery platform, to enhance and expand DTC's delivery fleet. This agreement aims to diversify DTC's revenue base and leverage its extensive network to support talabat's delivery services across the UAE. The collaboration aligns with DTC's growth strategy to strengthen its presence in both local and international transport and delivery markets within the e-commerce sector. The partnership will facilitate improved investment opportunities, better commercial relationships, and increased revenue potential, while enhancing talabat's delivery capabilities through DTC's advanced logistics technologies.

The Dubai Taxi Company has extended its operational agreement with Hala until the end of 2025, maintaining exclusive operation of taxis on the Hala platform until the end of 2024. The updated agreement includes improvements for driver benefits and operational processes, taking advantage of the company's 46% market share in the taxi industry.

Dubai Taxi Company (DTC) reported a 40% YoY increase in EBITDA to AED 169.9 million in Q1 2024. Revenue for the quarter grew by 16% to AED 558.4 million, driven by improvements across all segments. The company's taxi segment saw a 15% YoY increase in revenue, supported by the addition of new taxis to its fleet. The limousine segment also performed well, with a 7% YoY and 17% QoQ increase in revenue. The bus segment revenue rose by 28% YoY to AED 37 million, while the delivery bikes segment saw a fourfold increase in revenue YoY. Despite the introduction of corporate tax, DTC's net profit grew by 15% YoY to AED 108.0 million. Excluding the tax impact, net profit increased 26%.

The document is a review report and condensed interim financial information for the Dubai Taxi Company P.J.S.C., covering the three-month period ending on 31 March 2024.