“Dubai Taxi” achieves growth in net profits by 33% in the second quarter compared to the previous year

The Dubai Taxi Company (the company), a leader in the field of providing comprehensive movement solutions in Dubai, has announced its financial results for the three months (“the second quarter of 2025” or “quarter”) and the six months (“the first half of 2025” or “period”) ending on June 30, 2025.

The company achieved a strong financial performance during the second quarter of 2025, with its revenues growing by 18% compared to the previous year to reach 625.2 million dirhams, driven by expanding its fleet and increasing the number of trips. The company’s revenues increased during the first half of 2025 by 11% compared to the same period in the previous year to reach 1.2 billion dirhams, which reflects the continuation of business momentum during the first half of the year.

The revenues of the taxi vehicle sector at the Dubai Taxi Company increased during the second quarter of 2025 by 18% compared to the previous year to reach 539.7 million dirhams, thanks to the expansion of the fleet of vehicles and the increase in the number of flights.

The total operating vehicle fleet reached 6,210 vehicles in June 2025, including 335 full electric vehicles as part of a strategic plan to go towards sustainable and effective transport solutions.

The limousine vehicle sector witnessed an increase in revenue by 8% compared to the previous year to reach 30.5 million dirhams in the second quarter of this year, thanks to the provision of the fleet with additional vehicles. The taxi vehicles and lymphine vehicles of the company completed 13.6 million trips during the second quarter of 2025, an increase of 19% compared to the previous year. The total operating fleet of the company in all sectors increased by 23% compared to the previous year, bringing the number of fleet vehicles to 10,180 vehicles.

The revenues of the bus sector at the Dubai Taxi Company reached 31.3 million dirhams during the second quarter of 2025, a decrease of 12 % compared to the previous year, as a result of contractual changes that affected the revenue account course during the period. It should be noted that these changes do not affect the total values of annual contracts.

The delivery bike sector also continued its growth. Its revenues increased in the second quarter of 2025 by 102% compared to the previous year to reach 18.2 million dirhams, as its expansion continued in the delivery market, which is witnessing an accelerated growth.

The profits increased before benefits, taxes, consumption and firefighting by 30% compared to the previous year to reach 180.6 million dirhams in the second quarter of 2025, driven by a significant increase in the number of trips and revenues, and this is accompanied by the decrease in the impact of promotional offers of “Concitek” (affiliated to the Dubai Taxi, which includes the operations of the “Bolt” platform to request vehicles electronically) whose results concentrated in the form Greater in the first quarter.

The profit margin increased before benefits, taxes, consumption and extinguishing in the second quarter by 3 points to 29%, and settled at 28% in the first half, with the company continued to focus on enhancing operational efficiency.

The net profit increased in the second quarter of 2025 by 33% compared to the previous year to 105.4 million dirhams, and the net profit margin reached 17% supported by the strong rise in operational profits.

Dubai Taxi maintains a strong public budget with a suitable percentage of debt to profits before benefits, taxes, consumption and firefighting, as it reached 1.2, and a cash balance of 236 million dirhams on June 30, 2025, including agency deposits.

On this occasion, Abdel Mohsen Ibrahim Kalbat, Chairman of the Board of Directors of Dubai Taxi Company, said: “These results reflect the strength of our operating model and our ability to achieve added value through the consistent performance and innovation that elevates the level of customer service. The standard in infrastructure investments and strong economic indicators, and our company has a good situation to take advantage of these positive trends.

“Our strong performance in the second quarter and the first half of 2025 confirms our continued operational progress and the implementation of our operations with the required accuracy. We are still witnessing strong momentum in our main business sectors, driven by expanding the capabilities of our fleet and increasing the demand for smart mobility solutions that support the needs of customers. Our strategic partnership with Bolt, with more than 6000 taxis joining its platform. A real embodiment of our long -term commitment to sustainability, as we seek to be the entire fleet of electric vehicles by 2040.

Al -Falasi added: “Our work is based on solid foundations, as we enjoy a strong financial situation and a platform designed to achieve sustainable growth. We will continue to focus in the future on promoting operational excellence, improving the experience of customers, and upgrading the scene of fast -growing movement in Dubai and the UAE in general.”

Distribution of profits of the first half of 2025

The Board of Directors of the Dubai Taxi Company agreed to distribute cash dividends of 160.7 million dirhams for the first half of 2025, equivalent to 6.43 fils per share, according to the profit distribution policy aimed at distributing semi -annual profits of at least 85% of the company’s annual profit. These profits are expected to be distributed in August 2025.

The most prominent operational achievements

As part of its strategic growth agenda, the Dubai Taxi Company has made an important achievement by expanding its partnership with Bolt, as it added to this platform more than 6000 taxis. This initiative contributes to facilitating the capabilities of digital access to vehicles in a way that guarantees the comfort of residents and visitors, in line with the vision of the broader emirate to convert 80% of taxis trips to the electronic reservation mechanism. \

This step also contributes to enhancing the leading position of the Dubai Taxi Company in the field of smart mobility, and supporting its own strategy for 2025-2029, aiming to establish its position as the largest taxi operator in the UAE and a regionally leading company in the field of transport.

To enhance its leadership in the field of sustainable mobility, Dubai Taxi has signed a strategic partnership with Al -Futtaim Electricity Mobility Company to launch 200 BYD Cells in the Emirate of Dubai.

This initiative provides the current company’s eco -friendly fleet, and it represents a pivotal step in its career for the full shift to the use of electric vehicles by 2040, and the support of the broader UAE vision to achieve climate neutrality by 2050.

In addition to the environmental impact, the use of high -performance electric vehicles contributes to enhancing operational efficiency and upgrading the passenger experience, which makes the company top the scene of green movement innovations in the region.

In another step to upgrade the quality of life, Bolt concluded a strategic partnership with the leading platform in the region “requests”.

This initiative provides exclusive discounts of “Pro Tibat” service on “Bolt” trips, which enriches the lifestyle of customers through the transportation and delivery platforms.

The future outlook

Dubai Taxi Company is still confident in its future expectations across all its business sectors, based on the durability of the economic foundations in Dubai and the UAE in general.

The company expects the demand for smart technology -backed transportation solutions to increase in the field of infrastructure, increase population growth, and the growing number of tourists.

Thanks to the continuous expansion of its fleet and long -term strategic partnership with Dubai airports, Dubai Taxi has a strong position that allows it to benefit from the strong growth of the emirate.

The company continues its investments in technology solutions and strategic partnerships, which enhances its ability to open new prospects for growth and consolidate its presence in the smart movement.