Dubai Taxi Company (DTC) faced a challenging third quarter in 2026, reporting a 25.3% drop in net profit to Dh57.1 million. This decline occurred despite a significant 25.7% revenue boost to Dh735.5 million, a surge largely driven by the strategic acquisition of National Taxi in July. While the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) saw a 10% rise, increased financing costs associated with its expansion efforts and sluggish tourism-related demand pressured overall margins throughout the period.

Despite these hurdles, the company is showing clear signs of a rebound. Trip volumes demonstrated a positive trend toward the end of the quarter, with the rate of decline narrowing significantly by September. Management is encouraged by the progress of the National Taxi integration, which is currently outpacing internal timelines, and a robust 52% growth in its Bolt ride-hailing services. As DTC continues to scale its fleet and invest in electric vehicle infrastructure, leadership remains focused on long-term efficiency and leveraging its expanded operational capacity to navigate the fluctuating market demand.