Financial statements for the 1st QTR of 2026

Dubai Taxi Company reported a net profit of AED 50.72 million for the first quarter ended March 31, 2026, marking a 39.3% decrease compared to the AED 83.64 million achieved during the same period in 2025.
Revenue from contracts with customers declined to AED 551.09 million from AED 588.28 million year-on-year, leading to a contraction in gross profit from AED 131.58 million to AED 99.64 million.
The bottom-line performance was impacted by sustained high operational costs, including AED 92.21 million in plate and license fees and a rise in general and administrative expenses to AED 33.39 million.
Despite the decline in quarterly profit, the company distributed AED 141.99 million in dividends during the period and maintained a cash and cash equivalents balance of AED 358.50 million.