Parkin posts record Q3, strong revenues

Revenues up 43% year-on-year to Dh343.3m, driven by tariffs, expansion

- BY JUSTIN VARGHESE Your Money Editor

Parkin Company PJSC, Dubai's largest provider of paid public parking, reported record third-quarter results, with revenues up 43 per cent year-on-year to Dh343.3 million, driven by higher tariffs, network expansion, and robust enforcement income.

Net profit rose 50 per cent to Dh157 million, while EBITDA climbed 36 per cent to Dh199.8 million, maintaining a 58 per cent margin. The company raised its full-year 2025 revenue guidance, citing sustained performance across all business lines.