Dubai’s toll-gate operator Salik delivered impressive first-half 2025 performance, with total revenue reaching AED 1.527 billion, a strong 39.5% increase year-on-year. Motivated by the launch of two new toll gates in November 2024 and the introduction of a variable pricing model at the end of January, Q2 alone recorded a 45.6% rise in revenue.
Financial Highlights
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EBITDA soared 44.2% to AED 1.065 billion, maintaining a robust margin of 69.7%.
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Net profit climbed 41.5% year-on-year to AED 770.9 million, prompting the board to propose a 100% cash dividend — equating to 10.278 fils per share.
Traffic & Usage Metrics
Salik’s core toll business saw 424.2 million trips in H1 2025—up 39.6% from H1 2024. Chargeable trips hit 318.4 million, including 160.4 million in Q2, a 1.6% increase over Q1.
Peak-period chargeable trips surged 46.7% in Q2, significantly driven by the two new gates.
Revenue Breakdown
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Toll usage fees climbed 42.3% YoY to AED 1.3569 billion in H1, with Q2 toll fees jumping 49.4% to AED 691.3 million.
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Fines generated AED 134.3 million, up 15.7%, while tag activation fees rose 16.2% to AED 22.9 million.
Ancillary Revenue Growth
Non-toll income continued to gain momentum, reaching AED 8.7 million in H1 thanks to partnerships with Emaar Malls and Parkonic, including a barrier-free parking solution at Dubai Mall launched in July 2024. The Parkonic tie-up now operates in 73 out of 154 locations. Salik’s collaboration with Liva Group to streamline vehicle insurance renewals is also making strong headway.
Upgraded 2025 Guidance
Encouraged by the robust H1 outcome, Salik has raised its full-year guidance:
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Revenue growth forecast elevated to 34–36% (up from 28–29%).
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EBITDA margin projected at 68.5–69.5%.
Chairman Mattar Al Tayer applauded the company’s “resilient business model and high operational efficiency,” while CEO Ibrahim Sultan Al Haddad flagged Salik’s expanding digital services and strong demand from rising tourism, residential growth, and infrastructure activity.