Dubai Taxi Corporation Records Net Profit of AED105.4 Million in Q2 2025, a 33% Increase
Dubai Taxi Company (DTC) has reported impressive growth figures for Q2 2025, with a 18% increase in revenue to AED 625.2 million (~$170 million). This growth is attributed to fleet expansion and higher utilization rates.
Net Profit and EBITDA Margin
In Q2 2025, DTC's net profit surged 33% year-on-year to AED 105.4 million (~$28.7 million), with a net profit margin of 17%. The EBITDA margin for the quarter also rose to 29%, thanks to operational efficiency and lower promotional costs.
Fleet Expansion and Sustainability
By June 2025, DTC's total operational fleet expanded by 23% year-on-year to 10,180 vehicles across all segments. The taxi fleet alone reached 6,210 vehicles, including 335 fully electric vehicles, underscoring DTC's commitment to sustainability.
Increased Trip Volumes
DTC's combined taxis and limousines completed 13.6 million trips in Q2 2025, marking a 19% increase year-on-year.
Electric Taxis and Partnerships
The addition of 335 fully electric vehicles as part of the operational fleet reflects DTC’s ongoing transition to a more sustainable offering, aligned with Dubai’s smart mobility goals. DTC has also entered into a partnership with Al-Futtaim Electric Mobility to deploy 200 BYD SEAL electric taxis, further boosting its electric fleet.
In addition, DTC has partnered with the Bolt ride-hailing platform to increase e-hailing trip capacity and improve customer access to taxi services, helping drive revenue growth through digital channels.
Dividends and Growth Outlook
DTC approved an interim dividend of AED 160.7 million (6.43 fils per share) for H1 2025, consistent with its policy to distribute at least 85% of annual net profit semi-annually. The dividend payment is scheduled for August 2025.
DTC's growth outlook is based on infrastructure investment, tourism momentum, and a focus on smart, sustainable mobility solutions.
While bus revenue declined in Q2 2025 due to contractual shifts, the delivery bike segment surged 102%, contributing to DTC's overall growth. The company's H1 revenue reached AED 1.2 billion, an 11% increase year-on-year, with EBITDA margin stable at 28%.
[1] Dubai Taxi Company (DTC) Press Release, Q2 2025 Financial Results, [website URL] [2] Dubai Taxi Corporation (DTC) Annual Report 2024, [website URL] [3] Dubai Taxi Corporation (DTC) Press Release, Interim Dividend Announcement for H1 2025, [website URL] [4] Dubai Taxi Corporation (DTC) Quarterly Financial Report Q2 2025, [website URL] [5] Dubai Taxi Corporation (DTC) Annual Report 2023, [website URL]
- The impressive revenue growth of Dubai Taxi Company (DTC) in Q2 2025, attributed to fleet expansion and higher utilization rates, suggests a positive outlook for leadership within the transportation industry.
- The strategic investment in 335 fully electric vehicles and partnership with Al-Futtaim Electric Mobility demonstrates DTC's commitment to sustainability and a shift towards electric transportation, expanding its role in the automotive industry.
- The surge in revenue for DTC's delivery bike segment indicates a promising link between smart mobility solutions, financial growth, and the tourism industry.
- The approval of an interim dividend and focus on infrastructure investment, tourism momentum, and sustainable mobility solutions suggests DTC's business model is well-positioned for continued growth in the finance sector.
