By Staff Reporter
DUBAI-Dubai Taxi Company has recommended a final dividend of AED142 million for the second half of 2025 after delivering strong financial and operational results for the year, underpinned by fleet expansion and growing mobility demand across the emirate.
The proposed final dividend, equal to 5.68 fils per share, follows an interim payout of AED160.7 million distributed in August 2025. This brings total dividends for the 2025 financial year to AED302.7 million, or 12.11 fils per share — a 7.5 percent increase compared with the previous year. The final dividend is expected to be paid in April 2026, subject to shareholder approval at the General Assembly, in line with the company’s policy of distributing at least 85 percent of annual net profit.
In its second full year since listing, the company recorded a 13 percent year-on-year rise in revenue to AED2.47 billion, driven by higher trip volumes and strategic fleet growth across taxi and limousine services. Revenue for the fourth quarter reached AED675.4 million, reflecting continued momentum through the end of the year.
The taxi division remained the key contributor, with revenue climbing 11 percent to AED2.14 billion. By December 2025, the operational taxi fleet had expanded to 6,217 vehicles, including 525 fully electric units, allowing the company to maintain a leading 45 percent market share in Dubai.
Other business segments also posted steady gains. Limousine and bus operations each grew 4 percent year on year, while the delivery bike segment recorded an 84 percent surge in revenue to AED78.4 million, supported by rising demand in the on-demand delivery market.
Across taxi and limousine operations, 53 million trips were completed during the year, representing an 8 percent increase. The total fleet grew 18 percent to 11,126 vehicles, reflecting capacity expansion aligned with Dubai’s population growth and strong tourism activity.
E-hailing services continued to gain traction through the company’s partnership with Bolt, with trips increasing 24 percent to 20.8 million. The growth supports Dubai’s broader strategy to transition the majority of taxi journeys to digital booking platforms.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 12 percent to AED652 million, while net profit increased 7 percent to AED356.1 million, supported by improved operational efficiencies, higher demand and ongoing investment in technology initiatives.
