Dubai: Dubai Taxi Company (DTC) reported a 25.7% increase in third-quarter revenue to Dh735.5 million, boosted by its acquisition of National Taxi, even as net profit fell 25.3% amid weaker passenger demand and higher financing costs.Revenue rose from Dh585.3 million a year earlier, while net profit declined to Dh57.1 million from Dh76.4 million, the Dubai-listed company said on Monday. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 10% to Dh166.5 million, although its profit margin narrowed.AdChoicesADVERTISINGThe results reflect the first quarter in which DTC included National Taxi's financial performance following completion of the acquisition on July 8. National Taxi contributed Dh168 million in revenue during the quarter, while DTC's existing taxi operations continued to face pressure from softer airport and tourism-related demand.Excluding National Taxi, DTC's taxi revenue declined 6% year-on-year, while EBITDA fell 14.4% and net profit dropped 49.4%. Higher fuel prices, operating expenses and financing costs added to the pressure on earnings.For the first nine months of 2026, group revenue declined 1.5% to Dh1.77 billion, while net profit fell 55.5% to Dh118.3 million. EBITDA decreased 25.1% to Dh364.4 million.
