Parkin Company (PARKIN) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered record results with revenue up 43% to AED 343.3m, EBITDA up 36% to AED 199.8m, and net profit up 50% to AED 157.0m year-over-year.

• Paid parking spaces increased by 6% to 219,000, with approximately 11.7k new spaces added.

• Seasonal card and permit sales surged 125–126% YoY, reaching 81,000 cards.

• Public parking utilisation declined by 5 percentage points, but total parking transactions remained broadly flat.

• Upward revision of FY 2025 revenue guidance, reflecting strong operational momentum.

Financial highlights

• Q3 2025 revenue: AED 343.3m (+43% YoY); 9M 2025 revenue: AED 936.6m (+42% YoY).

• Q3 2025 EBITDA: AED 199.8m (+36% YoY), margin 58% (down 3 p.p. YoY).

• Q3 2025 net profit: AED 157.0m (+50% YoY); 9M 2025 net profit: AED 441.9m (+46% YoY).

• Free cash flow to equity in Q3 2025: AED 433.4m, with a 99% cash conversion rate.

• Operating expenses rose 55% to AED 143.5m, reflecting business growth.

Outlook and guidance

• FY 2025 public parking revenue is guided at AED 520–550m, with 100% of the portfolio under variable pricing.

• Enforcement revenue guidance for FY 2025 increased to AED 360–390m, up from previous estimates.

• Continued focus on innovation, digital solutions, and operational expansion.