Dubai Taxi Company has demonstrated strong financial and operational performance in the third quarter of 2025, underlining its leading role in Dubai’s evolving transport sector. This progress comes from a sustained increase in demand, strategic fleet growth, and a firm commitment to environmentally friendly mobility solutions. As Dubai continues to grow both economically and demographically, the company is well positioned to support the city’s smart, sustainable transport goals.
Robust financial results reflect strong market position
Dubai Taxi Company reported revenue of AED 585.3 million in the third quarter of 2025, marking a 15 percent increase compared to the same period last year. This growth reflects expanding fleet capacity and a higher volume of completed trips. Over the first nine months of the year, the company generated AED 1.8 billion in revenue, up 13 percent year on year, showcasing steady and consistent business momentum.
The taxi segment remains the backbone of Dubai Taxi Company’s operations, contributing AED 506 million in Q3 revenue a 12 percent increase year on year. This success is partly thanks to the company’s growing fleet, which reached 6,215 taxis as of September 2025. Notably, 401 of these vehicles are fully electric, marking an important milestone on the company’s path toward a more sustainable and cleaner fleet.
Additional mobility segments are also fueling growth. The limousine service showed stable revenue growth of 1 percent, reaching AED 27.8 million, while the bus segment posted an impressive 90 percent increase to AED 29.8 million. This sharp growth in the bus segment is linked to a change in contract terms with a major client. Meanwhile, the delivery bike segment continues to thrive with a 62 percent revenue increase, driven by the surging demand for on demand delivery services.
Overall, Dubai Taxi Company’s total operational fleet across all segments expanded by 19 percent compared to the previous year, now standing at 10,500 vehicles. This reflects the company’s successful strategy to scale capacity in line with increasing market demand.
Profitability and operational efficiency strengthen
Alongside revenue growth, Dubai Taxi Company improved profitability in the third quarter. Earnings before interest, taxes, depreciation, and amortization increased by 23 percent year on year to AED 151.4 million. The company’s EBITDA margin improved by 2 percentage points to 26 percent, reflecting efficient management and improved trip volumes.
Net profit grew 28 percent to AED 76.4 million during the quarter, delivering a solid net profit margin of 13 percent. These financial gains were supported by a reduction in promotional expenses related to the company’s subsidiary that operates e-hailing services. Dubai Taxi Company’s balance sheet remains robust, with a net debt to EBITDA ratio of 1.5 times and cash reserves totaling AED 68 million.
Dividend payments also reflected Dubai Taxi Company’s strong financial health. In August 2025, the company distributed AED 160.7 million to shareholders for the first half of the year, consistent with its policy of returning at least 85 percent of net profits.
Driving Dubai’s green mobility revolution
A major focus for Dubai Taxi Company is the transformation of its fleet toward sustainability. The company has steadily increased the number of fully electric taxis in operation, now totaling over 400 vehicles. This shift is a significant step toward the company’s ambitious goal of having a fully electric fleet by 2040.
Further advancing Dubai’s green transport ambitions, Dubai Taxi Company is embracing hydrogen fuel cell technology. The launch of hydrogen powered taxis in Dubai marks an important development in the city’s efforts to reduce emissions and promote cleaner transport options. Hydrogen taxis produce only water vapor as a byproduct and offer advantages such as fast refueling and long driving range. This makes them well suited to urban environments like Dubai where reducing air pollution is a priority.
The combination of electric and hydrogen taxis positions Dubai Taxi Company as a pioneer in sustainable urban mobility. This commitment supports Dubai’s broader vision to become a global leader in clean, smart transportation solutions.
Strategic partnerships fuel growth and innovation
Dubai Taxi Company’s recent growth has been accelerated by important strategic alliances. One notable partnership is with Kabi, where Dubai Taxi Company’s fleet of 6,215 taxis and Kabi’s 3,680 vehicles were integrated into leading e-hailing platforms. This collaboration represents approximately 72 percent of Dubai’s taxi market and advances the city’s goal to convert 80 percent of taxi trips to e-hailing services.
Since launching its partnership with Bolt in late 2024, Dubai Taxi Company has seen strong adoption of the e-hailing platform. The Bolt app has been downloaded over 650,000 times, and more than 27,000 vehicles are registered on the platform, including Dubai Taxi Company’s fleet.
The company has also forged new corporate partnerships with major players like Mastercard and Emirates NBD, boosting brand presence and opening new revenue streams. These collaborations enhance service integration and create innovative customer experiences.
Meeting the needs of a growing city
Dubai’s population growth and thriving tourism industry continue to drive demand for efficient transportation services. In the third quarter of 2025, Dubai Taxi Company completed 13.1 million trips across its taxi and limousine services, a 7 percent increase year on year.
Dubai Taxi Company’s ability to scale its fleet, adopt new technologies, and maintain high service standards positions it well to meet the increasing mobility needs of residents and visitors.
A clear roadmap for sustainable growth
Looking ahead, Dubai Taxi Company is focused on sustainable growth supported by Dubai’s economic fundamentals and continued investments in transport infrastructure. The company plans to further optimize its fleet, enhance digital services, and improve operational efficiency.
Dubai Taxi Company is also exploring additional technology partnerships to diversify its mobility offerings and unlock new revenue opportunities. Its commitment to a fully electric fleet by 2040, coupled with the integration of hydrogen taxis, underscores its dedication to reducing carbon emissions and contributing to Dubai’s sustainability agenda.
Conclusion
Dubai Taxi Company is shaping the future of urban transport in Dubai by combining strong financial performance with bold sustainability initiatives. Through fleet expansion, strategic partnerships, and adoption of clean energy vehicles, the company is playing a crucial role in supporting Dubai’s vision for a smart, sustainable city.
As Dubai continues to evolve as a global hub for innovation and tourism, Dubai Taxi Company’s commitment to greener mobility solutions ensures that the city’s transport sector remains efficient, customer centric, and environmentally responsible.
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