Parkin reported record financial results for FY 2025, with revenue increasing 43% year-on-year to AED 1,326.0 million and net profit growing 48% to AED 625.5 million.
The Board recommended a final dividend of AED 343.7 million (approx. 11.5 fils per share) for H2 2025, bringing the total expected dividend distribution for the year to AED 655.7 million, a 37% increase over 2024.
Total parking spaces under management grew by 11% to 229,000, supported by the implementation of a city-wide variable parking tariff in April 2025 and a landmark agreement with Dubai Holding to manage approximately 30,000 spaces.
The company achieved an EBITDA margin of 60% and maintained a high cash conversion rate of 98%, reflecting its capex-light operating model under a 49-year concession agreement with the RTA.
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