Salik posts 33.7% revenue growth in Q1 2025 as new toll gates and pricing model boost performance
The surge was driven by the introduction of two new toll gates and the rollout of a variable pricing model, reinforcing Salik's position as a key player in Dubai's smart mobility ecosystem.
Total chargeable trips hit 158 million in Q1, supported by the Business Bay and Al Safa South toll gates launched in November 2024. Peak period toll usage contributed 39.3 million trips, while off-peak trips accounted for 107.5 million. The company's core tolling revenue grew 35.5% to AED 665.6 million, while fines generated AED 68.4 million, up 16.2% year-on-year.
Salik's profitability remained strong, with EBITDA rising 37.9% to AED 519.6 million and EBITDA margin expanding to 69.1%. Net profit after tax stood at AED 370.6 million, up 33.7% compared to Q1 2024.
Beyond tolls, Salik's ancillary revenue streams gained traction. Its barrier-free parking solution at Dubai Mall and its partnership with Parkonic generated AED 2.8 million, while a vehicle insurance partnership with Liva Group contributed AED 0.5 million. Tag activation fees also rose 17.4% to AED 11.5 million.
Free cash flow increased 77.8% year-on-year to AED 626.7 million, supported by operational efficiency and strong revenue growth. Salik reduced its net debt to AED 4.65 billion, maintaining a healthy leverage ratio of 2.7x.
Looking ahead, Salik reaffirmed its full-year guidance, expecting total revenue growth of 28–29% in 2025, driven by continued expansion in tolling and ancillary services. The company continues to explore regional opportunities and partnerships to diversify its offerings and support sustainable long-term growth.
News Source: Dubai Media Office
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