Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions, reported net profit growth of 28 per cent to AED76.4 million (US$20.8 million) year-on-year for the third quarter of 2025, driven by fleet growth and sustained demand across its segments.
With the number of trips increasing to 13.1 million, up 7 per cent, revenue for the quarter rose 15 per cent to AED585.3 million (US$159.4 million). EBITDA for the quarter grew by 23 per cent to AED 151.4 million (US$41.23 million) with a margin of 26 per cent, an increase of 2 percentage points compared to Q3 2024.
DTC expands fleet, boosts revenue
As of September 2025, DTC’s total operational fleet across all segments increased by 19 per cent to 10,500.
The company’s taxi segment recorded a revenue increase of 12 per cent to AED506 million (US$137.8 million), as DTC’s total operational taxi fleet reached 6,215 vehicles, including 401 fully electric vehicles.
Revenue growth in the limousine segment was stable at AED27.8 million (US$7.57 million), up 1 per cent, but the bus segment recorded a 90 per cent jump in revenue to AED29.8 million (US$8.1 million), reflecting a change in contract terms with a major customer.
Keeping pace with the on-demand delivery market, the delivery bike segment continued to grow rapidly, up 62 per cent YoY to AED18.3 million (US$5 million).
Mansoor Rahma Alfalasi, CEO, DTC, said: “Our third-quarter performance builds on the strong momentum established in the first half of 2025, reflecting our disciplined execution and continued operational excellence. We delivered strong results across all key metrics, with robust revenue growth and profitability supported by sustained demand in our taxi, limousine, and delivery segments, underpinned by Dubai’s expanding tourism and population base.
“A key highlight this quarter was the launch of our strategic partnership with Kabi, marking a major milestone in advancing Dubai’s e-hailing ecosystem. By uniting two of the city’s leading mobility players, we are driving innovation, efficiency, and sustainability in line with Dubai’s vision to transition 80 per cent of taxi trips to e-hailing.
“As we continue to execute our strategy, we remain focused on expanding smart, customer-centric mobility solutions and advancing our long-term sustainability agenda, reinforced by our commitment to a fully electric fleet by 2040.”
DTC maintained a healthy balance sheet, with an attractive net debt-to-EBITDA ratio of 1.5x and a cash balance of AED68 million (US$18.5 million).
New partnership
During the quarter, DTC entered a strategic alliance with Kabi, under which DTC’s 6,215 taxi vehicles and Kabi’s 3,680 vehicles will be seamlessly integrated into the Bolt and Zed e-hailing platforms. This collaboration brings together two of Dubai’s largest mobility players – representing a combined 72 per cent market share.
DTC continued to unlock value through its strategic partnership with Bolt, demonstrating strong operational momentum in Q3 2025. Since the launch of the partnership in December 2024, the Bolt app has recorded over 652,000 downloads, with more than 27,000 cars registered, including DTC’s taxi fleet of 6,215 vehicles.
Established in 1994, DTC is the number one taxi operator by fleet size in Dubai with approximately 45 per cent market share.
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