Salik's total revenue for Q1 up 33.7 per cent YoY at Dhs751.6m

Salik Company, Dubai's exclusive toll gate operator, announced its financial results for the three-month period ended March 31st, 2025 (Q1 2025).

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Total revenue for Q1 grew by 33.7 per cent YoY to reach Dhs751.6 million.

Ebitda for Q1 increased 37.9 per cent YoY to Dhs519.6 million.

In Salik's core tolling business, total chargeable trips reached 158.0 million following the introduction of variable pricing at the end of January 2025 and the launch of the two new toll gates in November 2024.

Ebitda margin reached 69.1 per cent in Q1 2025, compared to 67.1 per cent in Q1 2024, representing a 210 bps expansion YoY, supported by strong revenue growth in the period. The Ebitda margin also improved in comparison to 68.9 per cent in FY24.

Salik's net profit before taxes totaled Dhs407.2 million in the first quarter (Q1) of 2025, marking a strong 33.6 per cent YoY increase.

Mattar Al Tayer, Chairman of the Board of Directors of Salik, said, "Our exceptional Q1 performance reflects a continued focus on delivering long-term value to shareholders and our ambition to become a global leader in providing smart and sustainable mobility solutions.

Dubai's robust economic growth-driven by the visionary leadership of the emirate, has played a key role in fuelling our positive momentum and creating a strong foundation for long-term sustainable growth."