Published on : 27 February 2025
Press Release - Abu Dhabi, United Arab Emirates – January 2025
Emirates Driving Company (EDC), listed on the Abu Dhabi Securities Exchange under the symbol (DRIVE), has announced its strong financial results for 2024. The results reflect significant growth across all financial performance indicators, demonstrating the success of the company’s strategies and its continued pursuit of operational and financial excellence.
The company recorded record-breaking revenues of AED 513 million in 2024, marking a 44% growth compared to AED 356 million in 2023. This growth highlights the increasing demand for EDC’s services and its expansion in the market. Additionally, gross profit rose to AED 359 million, representing a 27% increase from AED 282 million in the previous year.
Regarding earnings before interest, taxes, depreciation, and amortization (EBITDA), the company achieved AED 350 million, reflecting a 21% increase compared to AED 289 million in 2023. This underscores the company’s operational efficiency and its ability to enhance profitability. Moreover, profit before tax rose to AED 310 million, up 16% from AED 267 million in 2023.
These strong results highlight Emirates Driving Company’s ability to maintain sustainable growth in a
competitive environment. The company continues to deliver high-quality services that meet customer
expectations and enhance road safety. The figures also affirm the success of the company’s strategic
plans aimed at expanding its service offerings and delivering added value to its shareholders.
Beyond financial success, Emirates Driving Company plays a leading role in promoting road safety and providing top-quality driving education across the UAE. By leveraging the latest technologies and innovative training programs, the company aims to produce highly skilled drivers, contributing to accident reduction and safer roads. EDC also emphasizes traffic awareness among trainees through workshops and comprehensive training programs covering all aspects of road safety. Furthermore, the company continuously enhances its training curricula in line with international best practices, ensuring its ability to meet the needs of individuals and the community in improving driving standards and road safety. This commitment makes Emirates Driving Company a key partner in supporting the UAE’s vision of safer roads and sustainable development
About Emirates Driving Company
Founded in 2000, Emirates Driving Company is the leading provider of driving education in Abu Dhabi and a trusted government partner in delivering pre-licensing education programs. The company is dedicated to implementing advanced training methodologies and digital innovations to provide highquality learning experiences aligned with road safety standards. For more information, please visit www.edcad.ae.
