Dubai Taxi Company Reports 15% Growth in Q3 Revenue, Expands E-Hailing Fleet

Dubai Taxi Company PJSC (DTC) has showcased a robust performance in Q3 2025, fueled by fleet growth and rising service demand throughout Dubai.

Financial Performance

In the third quarter, DTC achieved revenue of AED 585.3 million, a 15% increase from the previous year, while its nine-month revenue reached AED 1.8 billion, reflecting a 13% rise since 2024. The company's EBITDA soared 23% to AED 151.4 million, with the EBITDA margin hitting 26%, underlining operational efficiencies. Net profit also climbed 28% to AED 76.4 million, demonstrating healthy profitability rates.

Fleet Growth and Key Statistics

The operational fleet at DTC has now expanded to 10,500 vehicles, marking a 19% increase year-over-year. The taxi segment delivered AED 506 million in revenue with a fleet that includes 6,215 vehicles, 401 of which are fully electric. Limousine services continued to perform positively with AED 27.8 million in revenue, and bus revenues skyrocketed by 90% to AED 29.8 million following updated contract terms.

Additionally, the delivery bike sector experienced a notable increase, with a 62% rise in revenue to AED 18.3 million, attributed to the flourishing on-demand delivery space. DTC completed 13.1 million trips across taxis and limousines in Q3, indicating a 7% increase year-over-year.

Partnerships and Digital Innovations

DTC has enhanced its e-hailing offerings, partnering with Kabi to integrate 3,680 Kabi taxis into the Bolt and Zed platforms. This partnership now encompasses 72% of Dubai's taxi market, supporting the goal of making 80% of trips e-hailing. Since its launch in December 2024, the Bolt app has accumulated over 652,000 downloads and has more than 27,000 registered vehicles.

Furthermore, partnerships with Mastercard and Emirates NBD have increased the visibility of the Bolt brand and created fresh revenue avenues, bolstering DTC's digital presence.

Outlook and Financial Resilience

The company maintains a strong financial standing with a net debt-to-EBITDA ratio of 1.5x and AED 68 million in cash reserves. In August 2025, DTC distributed AED 160.7 million in dividends for the first half of 2025, underscoring its commitment to shareholder value.

With Dubai's tourism growth and ongoing investments in smart transportation, DTC is strategically positioned for sustained growth. The company aims to enhance operational efficiency, bolster profit margins, and transition to a fully electric fleet by 2040.