Salik announces $626m revenue and 498m trips last year
Salik, Dubai's exclusive toll gate operator, has announced its financial results for last year, with total revenue growing by 8.7 per cent to AED2.3bn ($626m).
The company said that EBITDA for the full year reached AED1.6bn ($436m), a 13.6 per cent YoY growth.
Salik's net profit before taxes totalled AED1.28bn ($348m) in 2024, marking a strong 16.6 per cent YoY increase, while it generated net profit after taxes of AED1.16bn ($449m) in FY24, a 6.1 per cent YoY increase.
Salik results
In light of the strong year performance, the Board of Directors propose a dividend of AED619.8m ($169m) to be paid during H1 2025 (equivalent to 8.2645 Fils per share).
This brings total dividends for 2024 to AED1.16bn ($449m), representing 100 per cent of 2024's net profit and a 6.1 per cent YoY increase compared to FY23.
In terms of operations, total revenue-generating trips recorded 498.1m, rising by 8 per cent YoY at the back of the launch of the two new Salik gates.
Mattar Al Tayer, Chairman of the Board of Directors of Salik, said: 'Salik has reported a very strong year, with healthy revenue growth and record profitability performance.
'During the past year, Salik proudly reached significant strategic milestones, having introduced two new toll gates within the core tolling business and established multiple partnerships.
'These strategic partnerships support our ambition to become a global leader in providing sustainable and smart mobility solutions'.
Ibrahim Sultan Al Haddad, CEO of the toll operator, said: 'We are optimistic about the positive trends in Dubai's economy, which align with and support our growth and vision. We are pleased to revise our guidance for FY25 upwards, projecting revenue growth of 28-29 per cent compared to FY24.'
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