UAE Equity Research - Parkin Company 4Q25 - First Look Note
Public Parking spaces increased 5.0% YOY to 193.2k in 4Q25, while Developer parking expanded to 32.2k in 4Q25 following new contracts signed during 2H25. The Company guides 2026 revenue of AED 560–610 Mn (Public Parking), AED 420–460 Mn (Enforcement), AED 260–280 Mn (Seasonal Cards) and AED 110–130 Mn (Developer), supported by 5.5k–7.5k new spaces.
UAE Equity Research - Parkin Company PJSC 3Q25 - First Look Note
Revenue guidance from Public Parking remains unchanged, while Enforcement revenue guidance has been revised upward to AED 360-390 Mn in FY2025. Public Parking space grew 7.0% YOY to 192.1k, but Developer parking declined 5% YOY to 23.2k in 3Q25.
UAE Equity Research - Parkin Company PJSC 2Q25 - First Look Note
Added c. 11.1k YOY and 2.5k QOQ parking spaces across the public and developer segment, taking the total to 211.5k spaces in 2Q25. Parking transactions rose 15% YOY to 33.2 Mn in 2Q25; weighted average public parking tariff rose 51% YOY to AED 3.04 per hour in 2Q25 after the introduction of a variable tariff.
UAE Equity Research - Parkin Company 1Q25 - First Look Note
Parkin added 11.7k YOY parking spaces across in 1Q25. It further expects to add c.5.5k public parking spaces and at least 1.5k spaces in developer parking portfolio in 2025. Total parking transactions grew 12% YOY to 36.5 Mn in 1Q25.
UAE Equity Research - Parkin Company PJSC 4Q24 - First Look Note
The Company’s total number of parking spaces grew from 196.0K in 4Q23 to 206.4K in 4Q24. The total number of parking transactions grew from 32 Mn in 4Q23 to 37 Mn in 4Q24. Utilization rate across the public parking spaces grew from 25.9% in 4Q23 to 28.3% in 4Q24.
UAE Equity Research - Parkin Company 3Q24 - First Look Note
The Company’s total number of parking spaces grew from 196.1K in 3Q23 to 207.3K in 3Q24. The total number of parking transactions grew from 29.2 Mn in 3Q23 to 33.8 Mn in 3Q24. Utilization rate across the public parking spaces grew from 25.7% in 2Q24 to 26.4% in 3Q24 mainly due to an increased customer base, particularly in zones C and D.
4.7
