Dubai Taxi Company PJSC

Dubai Taxi Company PJSC (DTC) reported a 27% year-on-year increase in EBITDA to AED 309.3 million for the first half of 2024, with revenue up 14% to AED 1.09 billion. The company expanded its taxi fleet by 294 vehicles and completed 23 million trips, a 4% increase year-on-year. The EBITDA margin rose to 28%, and net profit, affected by interest and corporate tax, was AED 187.4 million. The board approved dividends of AED 159.3 million. The growth strategy included fleet expansion and new strategic partnerships. Revenue from the core taxi segment grew by 12%, the limousine segment by 6%, the bus segment by 26%, and the bike segment nearly tripled.

The document is a review report and condensed interim financial information for Dubai Taxi Company P.J.S.C. for the six-month period ending on June 30, 2024.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 25, 2024, achieving quorum. During the meeting, the following items were discussed and approved: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of FY 2024, amounting to AED 159,279,837 (6.37 fils per share), representing 85% of the net profit for the period. Key dates include: - Last entitlement date: August 01, 2024 - Ex-dividend date: August 02, 2024 - Registry closing date: August 05, 2024 - Payment date: August 23, 2024 3. Other operational and internal matters. The communication was signed by Vicken Khochafian, Board Secretary, and a copy was sent to the Securities and Commodities Authority.

On 22 July 2024, Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, was informed that Dubai Taxi Company PJSC will hold an earnings call on Friday, 26 July 2024, at 10:00 AM to discuss the financial results for the second quarter of 2024. The presentation for the meeting will be available on the company's website prior to the meeting. The announcement was made by Rami Mohammad Al Banna, Head of Investor Relations, and a copy was sent to the Securities and Commodities Authority.

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Thursday, July 25, 2024, at 3:00 PM at the company's headquarters. The agenda includes discussions and approvals on the following items: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of the fiscal year 2024, as authorized by the shareholders during the AGM on March 28, 2024, in accordance with the company's articles of association and dividend policy. 3. Other operational and internal matters. Best Regards, Vicken Khochafian Board Secretary CC: Securities and Commodities Authority

Dubai Taxi Company (DTC) has entered into a strategic partnership with talabat UAE, a leading delivery platform, to enhance and expand DTC's delivery fleet. This agreement aims to diversify DTC's revenue base and leverage its extensive network to support talabat's delivery services across the UAE. The collaboration aligns with DTC's growth strategy to strengthen its presence in both local and international transport and delivery markets within the e-commerce sector. The partnership will facilitate improved investment opportunities, better commercial relationships, and increased revenue potential, while enhancing talabat's delivery capabilities through DTC's advanced logistics technologies.

The Dubai Taxi Company has extended its operational agreement with Hala until the end of 2025, maintaining exclusive operation of taxis on the Hala platform until the end of 2024. The updated agreement includes improvements for driver benefits and operational processes, taking advantage of the company's 46% market share in the taxi industry.