Dubai Taxi Company Achieves 15% Revenue Growth in Q3, Expands Fleet

Post by : Bianca Suleiman

Dubai Taxi Company PJSC (DTC), a prominent mobility provider in the emirate, has unveiled impressive operational and financial results for Q3 2025, driven by fleet growth and increasing service demand.

Financial Performance Metrics

During the third quarter, DTC's revenue hit AED 585.3 million, marking a 15% year-on-year increase. For the first nine months, the revenue reached AED 1.8 billion, a 13% rise over 2024 figures. EBITDA saw a 23% increase, reaching AED 151.4 million, with the EBITDA margin enhancing to 26%, indicating better operational efficiency. Moreover, net profit surged by 28% to AED 76.4 million, demonstrating strong profitability outcomes.

Fleet Growth and Revenue Breakdown

The fleet of DTC has expanded to 10,500 vehicles, showcasing a 19% increase from the previous year. The taxi division alone contributed AED 506 million in revenue, benefiting from a fleet that includes 6,215 vehicles, of which 401 are fully electric. Limousine services remained stable, generating AED 27.8 million, while bus services experienced significant growth with revenues soaring 90% to AED 29.8 million, attributed to revised contract terms.

Additionally, the delivery bike segment marked substantial growth with a 62% revenue increase to AED 18.3 million, propelled by the booming on-demand delivery market. Across its taxi and limousine services, DTC executed 13.1 million trips in Q3, reflecting a 7% annual rise.

Innovative Partnerships and E-Hailing Strategy

DTC has bolstered its e-hailing services by forging a strategic partnership with Kabi, incorporating 3,680 Kabi taxis onto the Bolt and Zed platforms. This collaboration covers 72% of Dubai’s taxi market, significantly advancing the city's objective of achieving 80% e-hailing trips. Since December 2024, the Bolt app has garnered over 652,000 downloads, with 27,000+ cars registered and 277 fleet partners enlisted.

Moreover, partnerships with Mastercard and Emirates NBD have amplified Bolt’s visibility and facilitated new revenue streams, inadvertently enhancing DTC’s digital framework.

Financial Health and Future Outlook

DTC maintains a robust financial position, with a net debt-to-EBITDA ratio of 1.5x and AED 68 million in liquid assets. In August 2025, the company paid out AED 160.7 million in dividends for the first half of 2025, underscoring its dedication to returning value to shareholders.

With continued growth in tourism and population, as well as persistent investments in smart mobility, DTC is well-equipped for ongoing advancement. The company aims to enhance operational efficiency, boost profit margins, and achieve a fully electric fleet by 2040.