Parkin Company (PARKIN) investor relations material

Executive summary

• Q4 2025 and FY2025 achieved record revenue, EBITDA, and net profit, driven by variable parking tariffs, operational expansion, and strong enforcement proceeds.

• Total parking spaces grew 11% year-over-year to 229,000, with significant additions in both public and developer segments.

• Variable pricing introduced in April 2025, differentiating tariffs by facility type and time, supporting improved parking management.

• Enforcement activity and developer parking transactions both increased, supporting top-line growth.

Financial highlights

• FY2025 revenue rose 43% year-over-year to AED 1,326.0m; Q4 2025 revenue up 47% to AED 389.4m.

• Net profit for FY2025 increased 48% to AED 625.5m; Q4 2025 net profit up 53% to AED 183.6m.

• EBITDA for FY2025 reached AED 798.2m (+38% year-over-year), with Q4 2025 EBITDA at AED 232.9m and a 60% margin.

• Free cash flow to equity for FY2025 was AED 655.7m (+37% year-over-year); Q4 2025 free cash flow to equity was AED 222.3m with a 99% cash conversion rate.

• Earnings per share for FY2025 was AED 0.21, up from AED 0.14 in 2024.

Outlook and guidance

• FY2026 revenue guidance: public parking AED 560–610m, enforcement AED 420–460m, seasonal cards AED 260–280m, developer parking AED 110–130m.

• Guidance excludes potential impact from proposed tariff and seasonal card pricing revisions under review.

• 5,500–7,500 new public spaces expected in 2026, with continued portfolio expansion.

• Capital expenditure projected at AED 45–55m for 2026, focused on developer contracts and technology upgrades.

• Dividend policy targets semi-annual payments, with a proposed H2 2025 dividend of AED 343.7m (+22% year-over-year), subject to approval.