Dubai parking company reports strong 2025 profit as revenue jumps to AED 625.5 million
Parkin Company PJSC, the largest paid public parking operator in Dubai, has reported strong financial results for 2025. The company increased its revenue, expanded parking spaces, and sold a record number of seasonal cards.
The company earned a net profit of AED 625.5 million in 2025. This shows a 48 percent rise compared to 2024. At the same time, total yearly revenue climbed to AED 1.326 billion, up 43 percent from last year.
Strong growth in the fourth quarter
In the fourth quarter of 2025, the company generated AED 389.4 million in revenue. This marks a 47 percent increase compared to the same period in 2024. In addition, earnings before costs and taxes reached AED 232.9 million. The company maintained a strong profit margin of 60 percent. Net profit for the quarter grew 53 percent to AED 183.6 million.
Expansion across Dubai
Parkin expanded its services across Dubai throughout the year. As a result, the total number of parking spaces reached about 229,000 by the end of December 2025. This represents an 11 percent increase year-on-year.
Meanwhile, the number of seasonal permits and subscription cards rose sharply to 89,300 cards. This is a 140 percent increase compared to last year. Many drivers chose seasonal cards because they offer better value and convenience.
During the fourth quarter, customers made around 37 million parking transactions. In addition, inspectors issued about 810,200 parking fines, which is 59 percent more than the same period last year.
Focus on smart technology
Eng. Mohamed Abdullah Al Ali, Chief Executive Officer of Parkin, said the company closed 2025 with strong results. He explained that disciplined enforcement and better monitoring helped boost earnings.
Earlier in the year, the company introduced flexible parking tariffs. As a result, revenue improved further. Moreover, Parkin expanded its smart inspection fleet and used data to guide field inspectors. This step helped increase compliance across the parking network.
Dividend proposal for shareholders
The Board of Directors plans to recommend a cash dividend of AED 343.7 million for the second half of 2025. If shareholders approve the proposal, the company expects to pay the dividend in late April 2026.
Positive outlook for 2026
Looking ahead, Parkin expects steady growth in 2026. The company forecasts public parking revenue between AED 560 million and AED 610 million. It also expects fine revenue to range between AED 420 million and AED 460 million. In addition, seasonal card revenue may reach between AED 260 million and AED 280 million.
Overall, Dubai’s growing population and strong economy continue to support demand for public parking. Therefore, Parkin expects another solid year of performance.
