Dubai, UAE – Parkin recorded revenues of AED 389.4 million in the fourth quarter of 2025, a growth of 47% compared to the same period in 2024.
The company’s profits, before accounting for financing, taxes, depreciation and amortization costs, amounted to AED 232.9 million, a similar increase, while maintaining a margin of 60%.
While net profit rose to AED 183.6 million, a 53% growth, during the fourth quarter of 2025.
The company explained in its operating and financial results for the fourth quarter and the fiscal year ending December 31, 2025, that at the level of the full fiscal year, revenues increased to 1.326 billion dirhams, a growth of 43%.
Net profit reached AED 625.5 million, an increase of 48% year-on-year.
The total number of vehicle parking spaces in the company’s portfolio reached approximately 229,000 by the end of the fourth quarter of 2025, an increase of 11% year-on-year.
The number of seasonal permits and subscriptions rose to 89,300 cards, a 140% growth.
The total number of violations issued rose to approximately 810,200 in the fourth quarter of 2025, an increase of 59%.
While the total number of position transactions reached 37 million transactions.
The company indicated that, subject to shareholder approval, the Board of Directors intends to recommend the distribution of cash dividends worth AED 343.7 million for the second half of 2025.
Payment is due in late April 2026.
Parken presented its directives for 2026, expecting public vehicle parking revenues to grow to between 560 and 610 million dirhams, fines revenues to between 420 and 460 million dirhams, and season card revenues to between 260 and 280 million dirhams.
