Dubai Taxi Company Reports 33% Surge in Q2 2025 Profit, Fuelled by Digital Expansion and Fleet Growth
Dubai Taxi Company (DTC) has announced a 33% year-on-year increase in net profit for Q2 2025, reaching Dhs105.4 million, driven by booming passenger demand, expanded operations, and strategic digital partnerships.
Quarterly revenue rose 18% to Dhs625.2 million, while EBITDA jumped 30% to Dhs180.6 million, reflecting improved operational efficiency and cost control. The EBITDA margin increased to 29%, up from 26% in Q2 2024.
For H1 2025, revenue reached Dhs1.2 billion, and the company’s EBITDA margin averaged 28%, reinforcing DTC’s reputation as a consistently profitable mobility provider.
Interim Dividend Announced
In line with its commitment to shareholder returns, DTC’s board approved a Dhs160.7 million interim dividend, equal to 6.43 fils per share, for H1 2025. This reflects DTC’s policy of distributing at least 85% of annual net profit via semi-annual payouts. The dividend will be paid out in August 2025.
Taxi Segment Leads Performance
DTC’s core taxi business generated Dhs539.7 million in revenue during Q2 2025, up 18% year-on-year. The growth was supported by a larger fleet and high trip volumes.
- Fleet size (as of June): 6,210 taxis, including 335 fully electric units
- Total trips in Q2: 13.6 million (up 19% YoY)
The company continues to prioritise fleet electrification, contributing to the UAE’s Net Zero by 2050 initiative.
Limousine and Bus Segments
- Limousine services generated Dhs30.5 million in Q2, an 8% increase year-on-year.
- The bus segment reported a 12% decline in revenue to Dhs31.3 million, due to accounting adjustments in revenue recognition. However, annual contract values remain unchanged.
Delivery Bikes — Fastest Growing Segment
The delivery bike business saw revenue more than double to Dhs18.2 million in Q2 2025, driven by growing demand for on-demand delivery. DTC’s strategic focus on multi-modal transport is paying off, particularly in the fast-expanding last-mile delivery sector.
Total Fleet Growth
By the end of June 2025, DTC’s total operational fleet reached 10,180 vehicles, marking a 23% year-on-year increase. This includes taxis, limousines, buses, and delivery bikes.
Financial Strength and Capital Allocation
- Cash balance (June 30): Dhs236 million (including Wakala deposits)
- Net debt-to-EBITDA ratio: 1.2x — indicating strong financial stability
- The company is well-positioned to self-fund future expansion and meet dividend obligations.
Smart Mobility and Strategic Digital Initiatives
DTC made significant progress in digital transformation in Q2 2025:
- 6,000+ taxis integrated onto the Bolt e-hailing platform as part of a strategy to make 80% of taxi trips in Dubai digitally booked.
- Launch of 200 BYD SEAL all-electric taxis via partnership with Al-Futtaim Electric Mobility.
- Joint initiative with Bolt and talabat, offering exclusive discounts for talabat pro users to merge transport and lifestyle services.
This positions DTC as a technology-forward operator, aligned with Dubai’s vision for integrated smart mobility ecosystems.
Leadership Commentary
Chairman Abdul Muhsen Ibrahim Kalbat stated:
“These results reflect continued strength in DTC’s operating model and strategic alignment with Dubai’s infrastructure and population growth.”
CEO Mansoor Alfalasi added:
“We’re seeing robust demand for smart mobility solutions. Our partnership with Bolt is key to creating the UAE’s largest e-hailing ecosystem.”
Outlook for H2 2025
DTC expects to sustain growth across all segments, supported by:
- Rising tourism and airport traffic
- Ongoing investment in transport infrastructure
- Expanded partnerships with Dubai Airports and other government entities
- Continued adoption of eco-friendly and digital-first transport solutions
With a strong balance sheet, scalable fleet, and forward-looking strategy, DTC is well-equipped to lead the UAE’s smart mobility transition into the next decade.
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