Parkin announced that its full-year revenue for 2025 reached a record high of 1.326 billion dirhams (approximately $361 million), a 43% increase year-over-year; net profit grew by 48% to 625.5 million dirhams (approximately $170.32 million). In the fourth quarter, the company's revenue increased by 47% to 389.4 million dirhams, mainly driven by a 29% increase in public parking revenue and a 38% increase in developer parking revenue. The total number of parking spaces increased by 11% to 229,000. The Parkin Board of Directors proposed a dividend of 343.7 million dirhams for the second half of 2025, a 22% increase compared to the previous year.
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Parkin announced that its full-year revenue for 2025 reached a record high of 1.326 billion dirhams (approximately $361 million), a 43% increase year-over-year; net profit grew by 48% to 625.5 million dirhams (approximately $170.32 million). In the fourth quarter, the company's revenue increased by 47% to 389.4 million dirhams, mainly driven by a 29% increase in public parking revenue and a 38% increase in developer parking revenue. The total number of parking spaces increased by 11% to 229,000. The Parkin Board of Directors proposed a dividend of 343.7 million dirhams for the second half of 2025, a 22% increase compared to the previous year.