Salik PJSC, the exclusive operator of toll gates in Dubai, announced a 39.5% year-on-year increase in its revenue for H1 2025, reaching AED 1.53 billion. The growth was driven by the launch of two new gates in November 2024 and the introduction of a flexible toll system in January 2025.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 44.2% to AED 1.07 billion, with a margin of 69.7%. Net profit increased by 41.5% to AED 770.9 million, prompting the Board of Directors to approve a cash dividend equal to 100% of H1 profits (10.278 fils per share).
Total tolled trips reached 318.4 million in H1, including 160.4 million in Q2 — slightly higher than Q1. Toll fee revenue grew 42.3% to AED 1.36 billion, fine revenue rose 15.7% to AED 134.3 million, and tag activation fees increased 16.2% to AED 22.9 million.
Additional revenue reached AED 8.7 million, supported by strategic partnerships — notably with Emaar for Dubai Mall parking, with Parkonic for integrated parking payments, with Liva for insurance solutions, and an MoU with ENOC to provide smart payment options at fuel stations.
As of June 2025, net debt stood at AED 4.85 billion, with the debt-to-EBITDA ratio improving to 2.55x, well below the 5x maximum threshold. The company generated AED 1.11 billion in free cash flow, achieving a margin of 72.8%.
Mattar Al Tayer, Chairman, said the results reflect the strength of the business model and operational efficiency, while CEO Ibrahim Al Haddad highlighted sustained core business growth and income diversification, supported by a 7% increase in residents and tourists between January and May.
Salik has revised its 2025 outlook upwards, now expecting annual revenue growth of 34%–36% compared to its previous forecast of 28%–29%, with an EBITDA margin between 68.5% and 69.5%.
