33% growth .. "Dubai taxi" A net profit of 105.4 million dirhams is achieved in the second quarter

Dubai, July 29 / WAM / The Dubai Taxi Company (SAA) recorded a growth in its net profit by 33% during the second quarter of 2025 compared to the same period last year, to reach 105.4 million dirhams, supported by an increase in revenues and improved operational efficiency.

The company’s revenues increased during the second quarter by 18% to reach 625.2 million dirhams, while the total trips executed through taxis and lymphosine reached 13.6 million trips, an increase of 19%, as the number of operating fleet vehicles reached 10,180, of which 335 are completely electric vehicles.

The company’s board of directors announced the approval of the distribution of cash dividends of 160.7 million dirhams for the first half of the year, by 6.43 fils per share, according to the profit distribution policy aimed at distributing at least 85% of the net annual profits.

His Excellency Abdel Mohsen Ibrahim Kalbat, Chairman of the Dubai Taxi Company, stressed that the results reflect the strength of the operating model, and to benefit from the increasing demand for smart mobility solutions, noting that the company is in a strong position to take advantage of the positive trends in the market.

Mansour Rahma Al Falasi, CEO of Dubai Taxi Company, said that the partnership with the Bolt platform included the accession of more than 6,000 taxis, of which 700 vehicles are for airports, which paves the way to create the largest electronic platform for vehicles in the country, noting that 200 fully electric taxis are launched in cooperation with Al -Futtaim electrical transportation company within the full transformation plan to electric vehicles by general solutions 2040. The revenues of the delivery bike sector witnessed a growth of 102% to 18.2 million dirhams, while the bus sector recorded revenues of 31.3 million dirhams, a decrease of 12% as a result of contractual changes, while profits before interest, taxes, consumption and firefighting reached 180.6 million dirhams with a margin of 29%.

The company expects the high demand for its services in light of the population expansion and the increase in investments in the infrastructure and the growing tourism movement, driven by ambitious growth strategies aimed at the leadership of the smart movement in the Emirates and the region.

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