Salik records Dhs1.53b revenue in H1 of this year, up 39.5% YoY

Salik Company, Dubai's exclusive toll gate operator, on Wednesday announced its financial results for the three-month and six-month periods ended June 30, 2025 ("Q2 2025" and "H1 2025").

- Staff Reporter, Gulf Today

Total revenue for H1 2025 increased 39.5 per cent YoY to Dhs 1,527.3 million (Dhs1.53 billion), supported by a 45.6 per cent YoY increase in Q2 2025. EBITDA grew 44.2per cent in H1 2025 to Dhs 1,065.0 million with an EBITDA margin of 69.7 per cent. The solid results were driven by the two new gates introduced in November 2024 amidst an overall positive macro environment and the implementation of variable pricing which came into effect at the end of January 2025, with Q2 marking the first full quarter of the new variable pricing system.

In Salik's core tolling business, total chargeable trips reached 318.4 million in H1 2025, with total chargeable trips of 160.4 million in Q2 2025, a 1.6 per cent increase versus 158.0 million in Q1 2025. This was despite Q1 being a seasonally stronger period for Salik compared to Q2, alongside the redistribution of traffic during the Ramadan period in Q1. In view of the strong first half results, the Board of Directors have recommended a cash dividend of Dhs 770.9 million, equivalent to 10.278 fils per share, representing 100 per cent of H1 2025 profit.