Salik Company Reports AED 2.28 Billion Revenue Growth Of 38.6% In First 9 Months
Salik Company PJSC, the sole operator of Dubai's toll gates, has reported a significant financial upturn for the nine months ending September 30, 2025. The company's revenue surged by 38.6% year-on-year to AED 2,275 million.
This growth was bolstered by a 36.9% increase in Q3 2025. EBITDA also saw a rise of 42% during this period, reaching AED 1,583.7 million with a robust margin of 69.6%.
Mattar Al Tayer, Chairman of Salik's Board of Directors, highlighted the company's achievements: "Salik's performance during the first nine months of 2025 reflects the economic growth witnessed in Dubai and the attractive investment environment that has made the emirate a global model in business sustainability and the competitiveness of vital sectors. It also highlights the strength of our operations and the continued resilience and scalability of our business model."
The introduction of two new toll gates in November 2024 and variable pricing from January 2025 played crucial roles in Salik's success. These initiatives contributed to an impressive total of 470.5 million chargeable trips in the first nine months of 2025, with Q3 alone accounting for 152.2 million trips.
Ibrahim Sultan Al Haddad, CEO of Salik, remarked on their progress: "Our strong performance in the first nine months of 2025 reflects Salik's solid growth trajectory and the continued successful execution of our strategy." He noted that total trips increased by about 38% year-on-year while toll usage fees rose by approximately 42%, driven by new gates and variable pricing.
In Q3 2025, Salik's net profit before taxes reached AED 409.8 million, marking a notable increase despite higher finance costs. The net profit after taxes stood at AED 372.9 million for this quarter, reflecting a solid year-on-year growth rate of 34.5%. The net profit margin expanded slightly to reach 50.3% over nine months.
Salik's EBITDA for Q3-25 grew by 37.7% year-on-year to AED 518.7 million, maintaining a margin close to previous quarters at around 69%. The company's net working capital balance was AED -578.4 million as of September end, influenced by semi-annual toll rights fee installments related to new gates.
Salik is actively expanding its ancillary revenue streams through strategic partnerships with companies like Emaar Malls and Parkonic. These collaborations have enhanced parking payment solutions across Dubai Mall and other locations in UAE, integrating Salik accounts into various parking systems.
The partnership with Liva Group has further strengthened Salik’s position in offering seamless motor insurance renewals for drivers in the UAE. This collaboration provides bespoke insurance solutions while leveraging Salik’s database for timely renewal reminders.
The company continues to demonstrate operational excellence with strong cash generation capabilities and a solid balance sheet position. Free cash flow increased by nearly 39.5% year-on-year to AED 1,471.5 million during this period.
Looking ahead, Salik expects its total revenue growth for FY25 to range between 34-36%, factoring in contributions from new gates and variable pricing strategies implemented earlier this year.
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