Dubai Taxi Company (DTC) has recommended a final dividend of AED142.0 million for the second half of the year, equivalent to 5.68 fils per share. This follows an interim dividend of AED160.7 million for H1 2025, distributed in August 2025.
As a result, total dividends for FY 2025 reached AED302.7 million, or 12.11 fils per share, marking a 7.5% increase compared with FY 2024. The final dividend is expected to be paid in April 2026, subject to shareholder approval at the General Assembly. Moreover, the payout aligns with the company’s policy to distribute at least 85% of annual net profit on a semi-annual basis.
Revenue Growth and Fleet Expansion
DTC delivered solid operational and financial performance in FY 2025, its second full year since listing. Revenue increased 13% year-on-year to AED2.47 billion, supported by fleet growth and a higher number of taxi and limousine trips. In Q4 2025, revenue rose 13% year-on-year to AED675.4 million, thereby sustaining momentum into year-end.
The taxi segment generated 11% revenue growth to AED2.14 billion. Additionally, the operational taxi fleet expanded to 6,217 vehicles as of December 2025, including 525 fully electric units. Consequently, DTC maintained a leading 45% market share in Dubai’s taxi sector.
The limousine segment recorded 4% revenue growth to AED128.9 million, while the bus segment also increased 4% to AED124 million. Meanwhile, the delivery bike segment advanced 84% year-on-year to AED78.4 million, reflecting expansion in the on-demand delivery market.
Across taxi and limousine operations, DTC completed 53 million trips in FY 2025, up 8% year-on-year. Furthermore, the total operational fleet across all segments rose 18% to 11,126 vehicles, indicating disciplined capacity scaling.
Profitability and Balance Sheet Strength
DTC’s partnership with Bolt continued to support e-hailing growth. Taxi and limousine e-hailing trips increased 24% year-on-year to 20.8 million. Therefore, digital adoption remains a key growth driver in line with Dubai’s ambition to shift 80% of taxi trips to e-hailing.
EBITDA rose 12% year-on-year to AED652 million, while the EBITDA margin remained stable at 26%. However, promotional investments in Connectech partially offset efficiency gains. Excluding these investments, EBITDA increased 16%, corresponding to a 28% margin. In Q4 2025, EBITDA grew 9% to AED165.8 million, with a 24% margin.
Net profit advanced 7% year-on-year to AED356.1 million, representing a 14% margin compared with 15% in FY 2024. Excluding Connectech-related promotional costs, net profit increased 15%, with a margin of 16%. In Q4 2025, net profit rose 8% to AED90.6 million, delivering a 13% margin.
The company maintained a conservative net debt-to-EBITDA ratio of 1.0x. Additionally, cash and cash equivalents stood at AED332 million as of 31 December 2025, including wakala deposits, thereby supporting financial flexibility.
