Dubai Taxi Corporation recorded a net profit of 265.44 million dirhams in the first nine months of the current year, marking a 7.4% increase from 247.12 million dirhams during the same period last year.
Revenue for the first nine months of this year reached 1.798 billion dirhams, reflecting a growth of 12.6% compared to 1.596 billion dirhams in the corresponding timeframe of the previous year.
The company demonstrated strong operational and financial performance in the third quarter of 2025, bolstered by fleet expansion and sustained demand across various mobility service sectors. Revenues in the third quarter rose by 15% year-over-year, totaling 585.3 million dirhams, fueled by operational activities and an increase in the number of rides.
Dubai Taxi’s profit for the third quarter surged nearly 28%, reaching 76.42 million dirhams. This growth in profitability was supported by a 15.3% year-over-year increase in revenue, exceeding 585.3 million dirhams.
The company’s revenues benefited from operational activities and increased ride numbers, although direct costs, licensing fees, administrative expenses, and financing costs also saw an uptick.
Over the nine-month period, Dubai Taxi, listed on the Dubai Financial Market, experienced a net profit rise of approximately 7.4% to 265.4 million dirhams, while revenues for the period surpassed 1.7 billion dirhams, reflecting an annual growth of 12.6%.
Dubai Taxi maintains a solid financial position with a net debt-to-EBITDA ratio of 1.5 and a cash balance of 68 million dirhams as of September 30.
Furthermore, the company aims to establish a fully electric fleet by the year 2040.