Dubai Taxi Company (DTC) has reported strong financial performance for the first nine months of 2024, achieving a 20% year-on-year increase in EBITDA, which reached AED 432.2 million. The growth was driven by a 13% rise in revenue, bringing total revenue to AED 1.6 billion for the period ending September 30.
As part of its expansion strategy, DTC added 444 vehicles to its fleet, which now commands a 46% market share. This expansion has enabled the company to meet rising demand, with a 5% year-on-year increase in trips completed, totaling 36 million rides.
The company’s performance reflects its strategic growth efforts in fleet management, market positioning, and enhanced operational efficiency, cementing DTC’s role as a key player in Dubai’s transportation sector.
