Dubai Taxi Company reported a 39.4% year-on-year decline in net profit to AED 50.72 million for the first quarter ended March 31, 2026, compared to AED 83.64 million in Q1 2025.
Revenue decreased 6.3% year-on-year to AED 551.09 million, primarily due to an 11.5% contraction in the core regular taxi segment, though delivery service revenue grew 60.8% to AED 26.61 million.
Gross profit fell 24.3% to AED 99.64 million, while operating profit declined 36.0% to AED 66.51 million as direct costs and license fees remained elevated relative to the lower revenue base.
A dividend payment of AED 141.99 million (5.68 fils per share) for the second half of 20