Latest news with #operator
Arabian Business
a day ago
- Business
- Arabian Business
Salik declares 100% payout as H1 earnings hit $210m following new gates and variable pricing
Dubai toll gate operator Salik has reported a sharp increase in first-half earnings for 2025, driven by new toll gates, the introduction of variable pricing, and resilient traffic volumes. Total revenue for the first six months of 2025 rose 39.5 per cent year-on-year to AED1.53bn ($415.8m), with Q2 revenue up 45.6 per cent to AED775.7m ($210.9m). EBITDA climbed 44.2 per cent in H1 to AED1.07bn ($290m), maintaining a healthy margin of 69.7 per cent. Salik results Net profit for H1 jumped 41.5 per cent to AED770.9m ($210.1m), prompting the board to recommend a cash dividend equal to 100 per cent of first-half profit — 10.278 fils per share. Salik's core tolling business handled 424.2m total trips in H1 2025, up 39.6 per cent from a year earlier, with 213.4m trips recorded in Q2 alone. Total chargeable trips rose to 160.4m in Q2, up 1.6 per cent from Q1, bolstered by a 46.7 per cent surge in peak-period trips following the November 2024 addition of two new gates. Toll usage fees for H1 rose 42.3 per cent to AED1.36bn ($370.2m), with Q2 toll fees up 49.4 per cent year-on-year to AED691.3m ($187.9m) — the first full quarter under the new variable pricing model introduced at the end of January 2025. Revenue from fines increased 15.7 per cent in H1 to AED134.3m ($36.6m), while tag activation fees rose 16.2 per cent to AED22.9m ($6.2m). Non-toll income reached AED8.7m ($2.37m) in H1, supported by partnerships with Emaar Malls and Parkonic for parking payment solutions, now active in 73 locations. Salik also continues to expand its cooperation with Liva Group to streamline vehicle insurance renewals. Mattar Al Tayer, Chairman of the Board of Directors of Salik, said:'Salik's strong performance in the first half of 2025 underscores the strength of its resilient business model and high operational efficiency. 'During this period, the Company achieved a 39.5 per cent year-on-year increase in total revenue, further solidifying its robust financial position. 'This performance reaffirms our continued commitment to delivering long-term value for shareholders while supporting Dubai's vision of becoming a global leader in smart and sustainable mobility. 'In view of the strong first half results and our dedication to our shareholders, the Board of Directors have recommended a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100 per cent of H1 2025 profit. 'We continue to benefit from the Emirate's economic momentum, bolstered by sustained growth in tourism, real estate, and infrastructure spending. Building on this, and with continued progress across both our core tolling operations and ongoing success in expanding our ancillary revenue streams, we are pleased to be upgrading our full year 2025 guidance, with revenue expected to increase 34-36 percent compared to 2024, up from 28-29 per cent previously, and with EBITDA margins expectations in the range of 68.5-69.5 per cent. 'Our new guidance underscores our confidence in Salik's outlook and future growth potential, particularly given our commitment to strengthening our non-core offering and exploring new opportunities within ancillary revenues.' Ibrahim Sultan Al Haddad, CEO of Salik, said: 'We are pleased to report another solid quarter of performance, with a strong c.40% YoY growth across all key financial metrics including revenue, EBITDA and net profit growth. 'Our results reflect the ongoing strength of our tolling business and the growing contribution of our non-tolling initiatives, including our digital partnerships in providing mobility payment solutions which continue to gain traction among users.'
Bloomberg
2 days ago
- Business
- Bloomberg
TUI Shares Surge as Package Holiday Firm Raises Profit Outlook
TUI AG surged as much as 5% after the German package-holiday operator raised its guidance for the financial year. Underlying earnings before interest and tax are now expected to rise in the range of 9% to 11% from a year earlier, the company said Tuesday in a statement. That's above TUI's prior forecast for a gain of 7% to 10%.
TTG
2 days ago
- TTG
Newmarket Holidays puts 2026 Edinburgh Tattoo packages on sale
The operator's four-day escorted package combines the world-famous spectacle with the very best of Scotland. Guests enjoy bed and breakfast at a centrally located Glasgow hotel, return flights, coach transfers and guided orientation tours of both Glasgow and Edinburgh, topped off with a reserved seat for the Tattoo, guaranteeing a perfect view of the unforgettable performance. For those keen to explore further, an optional excursion takes in the wooded glens of the Trossachs and a boat trip across the breathtaking waters of Loch Lomond. Prices start from £801 per person, including the 10% discount on early bookings until 30 September, with flights from a variety of regional airports and six departure dates throughout August 2026. Hayley Morris, Head of Trade Sales and Partnerships at Newmarket Holidays says: "The Edinburgh Tattoo is one of those rare, spine-tingling spectacles that stays with you long after the last note fades. This year's guests are telling us how unforgettable it's been, from the precision of the performers to the atmosphere under the floodlit castle, and we want to make sure no one misses their chance to experience it in 2026. "By launching our tour early, agents can ride the wave of excitement from this year's event, secure those sought-after seats and offer clients an incredible short break with plenty of time to plan. And with our 10% early-booking discount running until 30 September, it's the perfect time to lock in this wishlist experience.'
Yahoo
3 days ago
- Science
- Yahoo
'Massive and unpredictable' swarm of jellyfish shuts down nuclear plant
Jellyfish have shut down four reactors at France's largest nuclear power plant. The swarm entered the filter drums of the pumping stations at the Gravelines site in northern on Sunday night. Operator EDF confirmed to Sky News that the "massive and unpredictable presence of jellyfish" caused units 2, 3 and 4 to automatically shut down between 11pm and midnight on 10 August. Unit 6 then shut down just after 6am on Monday 11 August. The plant, situated on the coast between and Dunkirk, has six units which can produce a total of 5.4 gigawatts of power. In a statement, EDF said the pumping stations affected are in the non-nuclear part of the plant, adding the shutdowns "had no impact on the safety of the facility, the safety of personnel or the environment". The site, which can power around 5 million homes, has temporarily stopped production while teams try to clear the blockage. Two unaffected units had already been taken offline for maintenance. Read more from Sky News: A spokesperson said France is still exporting more than four gigawatts of electricity to the UK. A boom in jellyfish numbers has been reported in the sea around Calais, likely due to rising water temperatures and increases in the plankton they eat. "Jellyfish breed faster when water is warmer, and because areas like the North Sea are becoming warmer, the reproductive window is getting wider and wider," said Derek Wright, marine biology consultant at the National Oceanic and Atmospheric Administration Fisheries. "Jellyfish can also hitch rides on tanker ships, entering the ships' ballast tanks in one port and often getting pumped out into waters halfway across the globe," he said. The Gravelines site draws water for its cooling systems from a canal connected to the North Sea, which is home to several species of jellyfish. The invertebrates have also been responsible for problems at several other coastal power stations, including the , where they have clogged the water intake pipes multiple times. In 1999, jellyfish were blamed for causing a massive blackout in the Philippines.
Sky News
3 days ago
- Science
- Sky News
'Massive and unpredictable' swarm of jellyfish shuts down nuclear plant
Jellyfish have shut down four reactors at France's largest nuclear power plant. The swarm entered the filter drums of the pumping stations at the Gravelines site in northern France on Sunday night. Operator EDF confirmed to Sky News that the "massive and unpredictable presence of jellyfish" caused units 2, 3 and 4 to automatically shut down between 11pm and midnight on 10 August. Unit 6 then shut down just after 6am on Monday 11 August. The plant, situated on the coast between Calais and Dunkirk, has six units which can produce a total of 5.4 gigawatts of power. In a statement, EDF said the pumping stations affected are in the non-nuclear part of the plant, adding the shutdowns "had no impact on the safety of the facility, the safety of personnel or the environment". The site, which can power around 5 million homes, has temporarily stopped production while teams try to clear the blockage. Two unaffected units had already been taken offline for maintenance. A spokesperson said France is still exporting more than four gigawatts of electricity to the UK. A boom in jellyfish numbers has been reported in the sea around Calais, likely due to rising water temperatures and increases in the plankton they eat. "Jellyfish breed faster when water is warmer, and because areas like the North Sea are becoming warmer, the reproductive window is getting wider and wider," said Derek Wright, marine biology consultant at the National Oceanic and Atmospheric Administration Fisheries. "Jellyfish can also hitch rides on tanker ships, entering the ships' ballast tanks in one port and often getting pumped out into waters halfway across the globe," he said. The Gravelines site draws water for its cooling systems from a canal connected to the North Sea, which is home to several species of jellyfish. The invertebrates have also been responsible for problems at several other coastal power stations, including the Torness nuclear plant in Scotland, where they have clogged the water intake pipes multiple times. In 1999, jellyfish were blamed for causing a massive blackout in the Philippines.
