Dubai Taxi Company PJSC (DTC) has announced a remarkable 28% year-on-year increase in net profit for the third quarter of 2025, reaching Dh76.4 million. This growth was fueled by heightened trip volumes and sustained demand across its mobility services. The company’s revenue also saw a significant boost, climbing 15% to Dh585.3 million, driven by fleet expansion and a 7% rise in completed trips, totaling 13.1 million across taxi and limousine services. Ebitda surged 23% to Dh151.4 million, with margins improving to 26%, up two percentage points from the previous year. The taxi segment remained the primary revenue generator, contributing Dh506 million, a 12% increase year-on-year, as the operational fleet expanded to 6,215 vehicles, including 401 fully electric units. Limousine revenue saw a modest 1% rise to Dh27.8 million, while the bus segment nearly doubled its revenue to Dh29.8 million, following revised contract terms with a major client. Delivery bike services experienced a 62% surge, reaching Dh18.3 million, reflecting robust growth in the on-demand delivery market. DTC distributed Dh160.7 million in dividends for the first half of the year in August, adhering to its policy of paying out at least 85% of annual net profit. The company concluded the quarter with a net debt-to-Ebitda ratio of 1.5x and a cash balance of Dh68 million. CEO Mansoor Rahma Alfalasi highlighted the company’s disciplined execution and operational excellence, noting a strategic partnership with Kabi as a significant step toward advancing Dubai’s e-hailing ecosystem. This alliance integrates DTC’s 6,215 taxis and Kabi’s 3,680 vehicles into Bolt and Zed platforms, aligning with Dubai’s goal to shift 80% of taxi trips to e-hailing. Looking forward, DTC aims to sustain growth through efficiency gains, digital enablement, and fleet optimization, while progressing toward its target of full electrification by 2040.