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Dubai Taxi reports 61M dirhams profit in H1
Dubai Taxi Company achieved a net profit of 61.1 million dirhams in the first half of 2026, with revenues reaching one billion dirhams, despite a decline in performance in the second quarter and the impact of market conditions. During the second quarter, the company recorded a net profit of 10.4 million dirhams compared to 105.4 million dirhams in the same period in 2025, while continuing to provide full-service operations and beginning to see improvement in ride counts, which increased by 31% between April and June. However, the total number of rides decreased by 11.2% compared to June 2025. Revenues for the second quarter totaled 484.5 million dirhams, down from 625.1 million in 2025, while semi-annual revenues declined to one billion dirhams from 1.2 billion in the previous year. The Board of Directors has decided to postpone dividend distribution to the end of the year to align with growth strategies and financial flexibility, with the aim of enhancing long-term value for shareholders.
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