Parkin H1 2026 profit rises 23% to AED 351.4M; Q2 profit up 12% to AED 166.2M

13/08/2026 Argaam Exclusive

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Parkin Co., Dubai’s largest provider of paid public parking facilities and services, reported a 23% increase in net profit to AED 351.4 million (AED 0.1171/share) for H1 2026, compared with AED 284.9 million in H1 2025.



Financials (Million Dirham)

Item 6m 2025 6m 2026 Change‬
Revenues 585.72 739.03 26.2 %
Gross Income 546.24 666.65 22.0 %
Operating Income 335.19 404.45 20.7 %
Net Income 284.95 351.38 23.3 %
Average Shares 3,000.00 3,000.00 -
Earnings Per Share before unusual items (Fils) 9.50 11.71 23.3 %
EPS (Fils) 9.50 11.71 23.3 %

The profit increase was driven by a 26% increase in revenue compared with H1 2025, in addition to a 9% decline in finance costs to AED 26.8 million in H1 2026 from AED 29.5 million in the  year earlier period.

 



Current Quarter Comparison (Million Dirham)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 316.59 359.68 13.6 %
Gross Income 294.60 327.61 11.2 %
Operating Income 174.29 192.81 10.6 %
Net Income 148.39 166.25 12.0 %
Average Shares 3,000.00 3,000.00 -
Earnings Per Share before unusual items (Fils) 4.95 5.54 12.0 %
EPS (Fils) 4.95 5.54 12.0 %

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Share Price

Parkin Company PJSC
5.73
0.01 0.17 %

Parkin Company PJSC (Parkin)

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Financial Ratios
Current
Market Cap (M Dirham) 17,190.00
Enterprise Value (EV) (M Dirham) 17,825.33
Shares Outstanding ((M)) 3,000.00
Recurring EPS (Halala) (TTM) 23.06
Book Value (BV) ( Dirham) 0.17
Par Value ( Halala) 2.00
Recurring P/E (TTM) 24.84
P/E (TTM) 24.84
Price/book 33.10
Dividend Yield (%) (Last Year) 3.81
Return on Average Assets (%) (TTM) 28.7
Return on Average Equity (%) (TTM) 138.1
EV/Revenues 12.20
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Financial results (Million Dirham)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2021 - - - - - -
Q2 2021 - - - - - -
Q3 2021 - - - - - -
Q4 2021 - - - - - -
Q1 2022 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 198.80 - 181.86 - 99.05 -
Q2 2023 184.06 - 166.96 - 89.20 -
Q3 2023 192.05 - 176.04 - 99.91 -
Q4 2023 204.47 - 185.21 - 106.27 -
Q1 2024 215.28 8.3 % 200.49 10.2 % 125.38 26.6 %
Q2 2024 204.50 11.1 % 190.93 14.4 % 119.98 34.5 %
Q3 2024 235.06 22.4 % 216.03 22.7 % 129.39 29.5 %
Q4 2024 260.98 27.6 % 242.63 31.0 % 145.28 36.7 %
Q1 2025 269.13 25.0 % 251.64 25.5 % 160.90 28.3 %
Q2 2025 316.59 54.8 % 294.60 54.3 % 174.29 45.3 %
Q3 2025 337.00 43.4 % 310.79 43.9 % 180.65 39.6 %
Q4 2025 385.58 47.7 % 350.51 44.5 % 213.18 46.7 %
Q1 2026 379.36 41.0 % 339.04 34.7 % 211.64 31.5 %
Q2 2026 359.68 13.6 % 327.61 11.2 % 192.81 10.6 %


Profit Performance (Million Dirham)

Period Net Income Change EPS(Fils) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Fils)
Q1 2021 - - - - - -
Q2 2021 - - - - - -
Q3 2021 - - - - - -
Q4 2021 - - - - - -
Q1 2022 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 98.87 - 3.30 - 98.87 3.30
Q2 2023 89.21 - 2.97 - 89.21 2.97
Q3 2023 99.84 - 3.33 - 99.84 3.33
Q4 2023 106.18 - 3.54 - 106.18 3.54
Q1 2024 103.73 4.9 % 3.46 - 103.73 3.46
Q2 2024 95.04 6.5 % 3.17 - 95.04 3.17
Q3 2024 104.73 4.9 % 3.49 - 104.73 3.49
Q4 2024 119.99 13.0 % 4.00 - 119.99 4.00
Q1 2025 136.56 31.6 % 4.55 - 136.56 4.55
Q2 2025 148.39 56.1 % 4.95 - 148.39 4.95
Q3 2025 156.99 49.9 % 5.23 - 156.99 5.23
Q4 2025 183.58 53.0 % 6.12 - 183.58 6.12
Q1 2026 185.13 35.6 % 6.17 - 185.13 6.17
Q2 2026 166.25 12.0 % 5.54 - 166.25 5.54

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 91.11 % 53.09 % 50.56 %
Q1 2024 91.56 % 56.31 % 50.13 %
Q2 2024 92.21 % 59.67 % 49.59 %
Q3 2024 92.25 % 61.13 % 47.68 %
Q4 2024 92.82 % 62.01 % 46.24 %
Q1 2025 92.94 % 62.07 % 47.06 %
Q2 2025 92.90 % 60.54 % 47.11 %
Q3 2025 92.90 % 59.62 % 47.47 %
Q4 2025 92.30 % 59.67 % 47.81 %
2025 92.30 % 59.67 % 47.81 %
Q1 2026 91.29 % 58.86 % 47.52 %
Q2 2026 90.85 % - 47.34 %


Per Share Data (Dirham)

Compared With The
Period Shares Outstanding (M) EPS (Fils) Earnings Per Share before unusual items (Fils) Book Value (BV)
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 3,000.00 - - -
Q2 2023 3,000.00 - - -
Q3 2023 3,000.00 - - -
Q4 2023 3,000.00 13.14 13.14 0.00
Q1 2024 3,000.00 13.30 13.30 0.12
Q2 2024 3,000.00 13.49 13.49 0.15
Q3 2024 3,000.00 13.66 13.66 0.19
Q4 2024 3,000.00 14.12 14.12 0.16
Q1 2025 3,000.00 15.21 15.21 0.11
Q2 2025 3,000.00 16.99 16.99 0.16
Q3 2025 3,000.00 18.73 18.73 0.21
Q4 2025 3,000.00 20.85 20.85 0.17
Q1 2026 3,000.00 22.47 22.47 0.12
Q2 2026 3,000.00 23.06 23.06 0.17

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 21.81 21.81 23.52
Q2 2024 20.53 20.53 18.07
Q3 2024 27.83 27.83 20.06
Q4 2024 34.50 34.50 30.44
Q1 2025 32.87 32.87 44.88
Q2 2025 38.26 38.26 40.40
Q3 2025 29.36 29.36 25.87
Q4 2025 27.29 27.29 33.95
Q1 2026 20.74 20.74 39.45
Q2 2026 25.41 25.41 33.86

Business Segments (Million Dirham)

Compared With The
Period On-road/off-road parking Developer parking fees Multi-storey parking building fees FINES Seasonal permits and cards Parking reservations OTher Services
Q1 2023 89.25 14.59 4.73 52.02 31.65 4.52 2.04
Q2 2023 83.41 13.35 4.45 42.85 32.20 5.26 2.53
Q3 2023 89.15 13.85 4.17 41.60 35.35 5.68 2.25
Q4 2023 95.86 16.85 3.88 44.84 36.27 4.85 1.93
Q1 2024 99.31 16.56 2.92 52.58 36.94 4.41 2.56
Q2 2024 89.60 14.34 2.65 54.56 37.16 4.18 2.02
Q3 2024 103.72 18.31 2.81 64.91 38.25 5.12 1.94
Q4 2024 111.96 20.31 3.45 77.04 40.48 5.73 2.01
Q1 2025 112.85 20.17 3.20 81.82 42.69 6.52 1.88
Q2 2025 132.20 22.29 3.23 96.75 52.03 6.99 3.10
Q3 2025 134.96 23.48 3.66 102.96 59.91 9.79 2.24
Q4 2025 144.48 28.07 4.32 127.13 67.35 10.86 3.36
Q1 2026 130.31 33.57 3.94 119.74 76.29 12.96 2.55

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