Parkin Company (PARKIN) Q3 2026 earnings summary

Executive summary

• Q3 revenue was AED 409,594k and profit AED 199,205k; 9M revenue was AED 1,148,628k and profit AED 550,582k. Q3 total income, EBITDA and net profit reached records of AED 415.2m, AED 255.0m and AED 199.2m.

• The parking portfolio expanded 24% YoY to 272.5k spaces; developer parking, seasonal cards and enforcement growth offset softer public parking revenue.

• 9M operating cash flow was AED 499,867k; cash and cash equivalents were AED 515,994k at 30 September 2026.

• FY 2026 segment guidance increased for enforcement and seasonal cards; aggregate segment revenue is expected to show modest growth.

Financial highlights

• Q3 revenue was AED 409,594k vs AED 337,003k YoY; operating profit was AED 227,982k vs AED 181,981k. 9M revenue was AED 1,148,628k vs AED 922,722k; operating profit was AED 633,043k vs AED 517,654k.

• Q3 total income increased 21% to AED 415.2m; 9M income rose 24% to AED 1,163.5m. Q3 EBITDA rose 28% to AED 255.0m; 9M EBITDA reached AED 703.4m.

• Q3 profit was AED 199,205k vs AED 156,986k; 9M profit was AED 550,582k vs AED 441,932k. Q3 and 9M basic and diluted EPS were AED 0.07 and AED 0.18, vs AED 0.05 and AED 0.15.

• 9M finance cost was AED 41,050k vs AED 43,957k; income tax expense was AED 55,126k vs AED 43,780k.

• Q3 capex was AED 28.1m vs AED 2.1m; 9M capex was AED 39.3m, up 230% YoY. Q3 concession fees rose 2% to AED 57.8m excluding a prior-year AED 4.4m one-off provision.

Outlook and guidance

• FY 2026 public parking revenue is expected near the midpoint of AED 510–550m; target H2 additions remain 3.5k–5.0k public spaces.

• FY enforcement guidance increased to AED 460–480m from AED 420–460m; seasonal cards and permits guidance rose to AED 300–320m from AED 280–300m.

• Developer parking revenue guidance remains AED 130–150m; capex is expected at AED 45–55m, including up to AED 20m for Sports City.

• FY 2026 minimum dividend is expected to equal the higher of 100% of H2 net profit or FCFE, subject to distributable reserves; payments are intended semi-annually in April and October.

• Management will monitor geopolitical developments and economic impacts; accounting estimates and assumptions remain under review during 2026.