Press release regarding financial results for the 2nd QTR of 2026

Dubai Taxi Company (DTC) reported a 90.1% year-on-year decline in net profit to AED 10.4 million for Q2 2026, with H1 2026 net profit reaching AED 61.1 million as performance was impacted by reduced airport and tourism-related demand.
Quarterly revenue decreased 22.5% year-on-year to AED 484.5 million, driven by a 24.4% decline in taxi and limousine trips; however, the company noted early signs of recovery as June trip volumes improved to just 11.2% below the prior year.
EBITDA for the second quarter fell 57.2% to AED 77.2 million, resulting in a margin compression to 15.9% compared to 28.9% in Q2 2025, primarily due to softer trip volumes across core segments despite a 53.1% revenue increase in the delivery bike business.
The company shifted its semi-annual dividend to a year-end assessment to maintain capital flexibility while completing the 100% acquisition of National Taxi, a strategic move that increases DTC’s Dubai market share to 59% and establishes a presence in Abu Dhabi.