UAE Equity Research - Parkin Company 2Q26 - First Look Note
Public Parking spaces increased by 8.0% YOY to 203.2k in 2Q26, while Developer parking expanded to 61.5k in 2Q26 following several new strategic partnerships. The Company guides 2026 revenue of AED 510-550 Mn (Public Parking), AED 420-460 Mn (Enforcement), AED 280-300 Mn (Seasonal Cards) and AED 130-150 Mn (Developer), supported by 3.5k-5.0k new spaces.