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.