Press releases, Reports & Disclosures for Salik Company PJSC

Salik Company PJSC, Dubai's exclusive toll gate operator, reported a 39.5% year-on-year increase in revenue for the first half of 2025, reaching AED 1.53 billion. The company's EBITDA rose by 44.2% to AED 1.07 billion, with a margin of 69.7%. Net profit increased by 41.5% to AED 770.9 million. Total chargeable trips for H1 2025 were 318.4 million. The Board of Directors proposed a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100% of H1 2025 profit. Salik upgraded its full-year 2025 guidance, expecting revenue growth of 34-36% and EBITDA margins of 68.5-69.5%, driven by strong revenue growth and cost efficiencies. The introduction of variable pricing and two new gates contributed to the positive results. Active registered accounts increased by 8.5% year-on-year to 2.7 million.

The document is the condensed interim financial statements of Salik Company P.J.S.C. for the three-month and six-month periods ending on June 30, 2025. These statements are unaudited.

Salik has been recognized as the Fastest Growing Transportation Infrastructure Provider in the UAE for 2025 by Global Brands Magazine. This award highlights Salik's achievements in revenue growth, project expansion, and innovation in the transportation sector. The Global Brand Awards honor exceptional performance and innovation across various industries. Salik's recognition reflects its leadership and commitment to advancing transport infrastructure through innovative solutions and strategic growth. Jay Reddy, CEO of Global Brands Magazine, praised Salik for its innovative tolling solutions and commitment to sustainable mobility. Ibrahim Al Haddad, CEO of Salik, expressed pride in receiving the award, emphasizing the company's rapid growth and innovative efforts in enhancing mobility in the UAE. Salik continues to focus on delivering intelligent, customer-centric mobility solutions, contributing to the transformation of transportation infrastructure in the region. Established in June 2022, Salik is Dubai's exclusive toll gate operator, utilizing advanced technologies and holding a long-term concession agreement with the Roads and Transport Authority. Global Brands Magazine, based in the UK, is a leading publication providing insights and news on influential brands.

Salik Company PJSC, Dubai's exclusive toll gate operator, has been awarded the "3G Excellence Award for Advocacy and Commitment to Corporate Governance 2025" by the UK-based Cambridge IFA during the Global Good Governance Summit in Brunei. This award highlights Salik's dedication to corporate governance, transparency, and ethical leadership. CEO Ibrahim Al Haddad stated that the recognition reflects the company's commitment to sustainable value for shareholders and partners, with corporate governance being pivotal for business sustainability and market confidence. Salik's internal teams played a crucial role in securing this recognition by presenting their corporate governance system to the judging panel. The company aims to support Dubai's goal of becoming the world's smartest city and aligns with the UAE's future development programs.

Salik Company PJSC, the exclusive toll gate operator in Dubai, has received the ISO 37001 certification for its Anti-Bribery Management System. This certification highlights Salik's commitment to integrity and transparency in its operations. The certification process involved a thorough evaluation of Salik's anti-bribery and anti-fraud framework, which aligns with various regulatory standards. The initiative was led by Salik's Compliance Section, emphasizing the company's dedication to accountability and corporate governance. CEO Ibrahim Sultan Al Haddad stated that this certification is a significant step in Salik's commitment to ethical business conduct, aiming to create sustainable value for shareholders and stakeholders. ISO 37001 is a global standard that outlines measures to prevent and address bribery, and Salik's compliance with it enhances its reputation as a well-governed entity and boosts investor confidence.

Salik Company PJSC, Dubai's exclusive toll gate operator, has been added to the MSCI UAE Index, a key benchmark for global investors in Emerging Markets. This inclusion is expected to increase the liquidity of Salik's shares and attract more regional and global institutional investors. Salik's inclusion follows the execution of its updated strategy, which saw the launch of two new toll gates in Dubai and the introduction of dynamic pricing to boost revenue. The company is also expanding into ancillary revenue streams through partnerships in parking solutions and insurance. Salik's market capitalization and liquidity met the requirements for index inclusion, highlighting its strong financial performance. CEO Ibrahim Sultan Al Haddad expressed optimism about the opportunity for global investors and reaffirmed Salik's commitment to becoming a leader in smart and sustainable mobility solutions. The changes to the MSCI EEMEA Index will be effective June 2, 2025.