Press release regarding financial results for the 1st QTR of 2026

Dubai Taxi Company reported a 39.4% year-on-year decline in net profit to AED 50.7 million for Q1 2026, as total revenue decreased 6% to AED 551.1 million during the period.
Financial performance was significantly impacted by heightened regional uncertainty in March which reduced trip volumes, contrasting with a strong January and February where revenue and net profit grew 10% and 25% year-on-year respectively.
The company continued its fleet expansion strategy, growing its total operational fleet 16% year-on-year to 11,417 vehicles and acquiring 600 additional taxi license plates post-period to reach a 47% market share in Dubai.
Shareholders approved a final cash dividend of AED 142.0 million for H2 2025, and the company progressed its strategic plan by launching a fully autonomous ride-hailing service in partnership with Baidu's Apollo Go platform.