DUBAI: Salik, Dubai’s exclusive toll gate operator, has reported a robust financial performance for 2024, with total revenue reaching AED2.3 billion, reflecting an 8.7% year-on-year (YoY) increase. The company’s latest results highlight steady growth, boosted by the expansion of its toll network.
According to the financial statement released on Tuesday, Salik’s EBITDA stood at AED1.6 billion, marking a 13.6% YoY increase. The net profit before taxes surged to AED1.28 billion, a 16.6% rise, while the net profit after taxes grew 6.1% YoY to AED1.16 billion.
Reflecting its strong financial position, Salik’s Board of Directors has proposed a dividend payout of AED619.8 million in the first half of 2025, equating to 8.2645 fils per share. This brings the total dividend for FY24 to AED1.16 billion, maintaining 100% payout of net profit, in line with the previous year’s increase of 6.1%.
On the operational front, Salik recorded 498.1 million revenue-generating trips, an 8% increase, fuelled by the introduction of two new toll gates. The company continues to enhance Dubai’s mobility infrastructure through innovation and expansion.
Mattar Al Tayer, Chairman of Salik, hailed the year as a record-breaking one, stating, “Salik has delivered strong revenue growth and profitability, achieving key strategic milestones.” He highlighted the addition of new toll gates and expanding partnerships, reinforcing Salik’s vision of becoming a global leader in smart mobility solutions.
Ibrahim Sultan Al Haddad, CEO of Salik, shared an optimistic outlook, saying, “Dubai’s economic trends support our growth. We are pleased to revise our FY25 guidance upwards, forecasting revenue growth of 28-29%.”
