Parkin Company PJSC (Parkin) released its financial and operational results for the second quarter ended June 30, 2026, indicating a 14% rise in total revenue to Dhs364.1 million over the same time in 2025. Net profit increased by 12% to Dhs166.2 million, driven by increases in seasonal cards, developer parking, and enforcement. EBITDA rose 15% to Dhs217.2 million from Dhs189.3 million, with a 60% EBITDA margin.
Eng. Mohamed Abdulla Al Ali, CEO of Parkin, stated, “Parkin delivered a strong second quarter, with revenues up 14% to Dhs364.1 million, EBITDA up 15% to Dhs217.2 million, and net profit up 12% to Dhs166.2 million.” Growth was driven by our seasonal cards, developer parking, and enforcement segments, which offset lower public parking demand throughout the quarter.
He said that Parkin has continued to execute its growth strategy, increasing its total parking portfolio by about 57,000 spots in the last year. In collaboration with the Roads and Transport Authority (RTA), the corporation added 9,900 public parking spaces in the first half of 2026, while its developer parking portfolio more than tripled to 61,500 spaces through a number of strategic collaborations.
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