Record Performance

The Salik Company, Dubai’s exclusive Toll Gate operator, reported a record performance in the first half of 2025, with net profit after taxes rose by 41.5 percent compared to the previous year to 770.9 million dirhams.

Financial Highlights

In a step that reflects trust in its strong financial position, the Board of Directors proposed a cash dividend of the same amount, which corresponds to 10.278 fils per share and corresponds to 100 percent of the H1 profit. The company announced that the total turnover rose by 39.5 percent to 1.53 billion dirhams for the period, supported by 45.6 percent in the second quarter compared to the previous year.

Key Performance Indicators

The EBITDA reached 1.07 billion dirhams, a 44.2 percent increase compared to the previous year, with margins improving to 69.7 percent. This performance was powered by the addition of two new toll gates in November 2024 and the first full quarter of the variable pricing, which was introduced at the end of January 2025, in addition to Dubai’s strong economic dynamics.

Business Segments

The toll company of Salik remained the primary growth engine. In the second quarter, the total storms of 318.4 million reached a total of 160.4 million – an increase of 1.6 percent compared to the first quarter despite seasonal factors. In the first half, income from fee fees rose by 42.3 percent to 1.36 billion dirhams and benefited from the variable price structure and the extended network.

Additional Revenue Streams

Leader contributed 134.3 million dirhams, which increased by 15.7 percent, while the day-to-day activation fees rose by 16.2 percent to 22.9 million dirhams. Additional sources of income also received 8.7 million dirhams in the first half. Partnerships with various entities provided strong results with parking solutions in Dubai Mall and other locations that record higher transaction volumes.

Outlook and Strategy

The board of directors stated that the results had underlined the company’s resilience and efficiency. "We have achieved an increase in sales of 39.5 percent, which reflects the strength of our business model and the success of our strategy. In view of these results, we recommend a complete payout dividend of 770.9 million dirhams and confirm our commitment to the provision of added value towards shareholders."

Future Prospects

The company upgraded its instructions for the entire year 2025 and now expects the income to increase by 34 to 36 percent compared to 2024, compared to an earlier forecast of 28 to 29 percent. The CEO found that the company achieved almost 40 percent in all important financial metrics. "The performance reflects the continuing strength of our core business and the growing contribution of non-tolling initiatives. We have benefited from new goals, population growth, and record inflows, whereby the hotel occupancy rose to 83 percent in the first five months of the year."

Financial Position

The Free Cashflow of Salik achieved 1.11 billion dirhams, a 62.4 percent increase compared to the previous year, which corresponds to a margin of 72.8 percent. The net debt was 4.85 billion dirhams at the end of June, whereby the ratio of net debt to EBITDA increased to 2.55x, significantly below the debt contract of 5.0x.

Human Capital and Investment

The company’s outlook is still positive, whereby sales growth is due to the network extension, price optimization, and the scaling of secondary services. Salik continues to invest in human capital and increases its workforce by 26.2 percent in the second quarter, with emiratization at 30.2 percent and women making up over 20 percent of the staff.