Salik's Revenue Surges 38.6% in 9M 2025
Salik Company PJSC reports strong financial growth in the first nine months of 2025, driven by strategic initiatives and economic resilience.
Summary
Salik Company PJSC has reported a 38.6% increase in revenue for the first nine months of 2025, supported by new toll gates and variable pricing strategies.
Salik Company PJSC, Dubai's exclusive toll gate operator, has unveiled its financial results for the nine-month period ending September 30, 2025, showcasing impressive growth metrics. The company reported a 38.6% year-on-year increase in total revenue, reaching AED 2.28 billion. This remarkable growth was buoyed by the introduction of two new toll gates in November 2024 and the successful implementation of variable pricing strategies in early 2025.
EBITDA for the period surged by 42.0% to AED 1.58 billion, reflecting a robust margin of 69.6%. The net profit for the period was AED 1.14 billion, marking a 39.1% increase year-on-year. These figures underscore the strength of Salik's operations and the scalability of its business model.
Chairman of the Board, His Excellency Mattar Al Tayer, attributed this success to the economic growth in Dubai and the emirate's attractive investment environment. He emphasized Salik's strategy of combining operational excellence with innovation, which has enhanced the efficiency of the smart mobility ecosystem and expanded the company's service offerings.
The total number of chargeable trips reached 470.5 million during the first nine months of 2025, driven by the introduction of variable pricing and the launch of new toll gates. The number of active registered accounts also rose by 8.3% year-on-year to 2.7 million.
Looking forward, Salik maintains its guidance for the full year 2025, expecting revenue growth of 34-36% and EBITDA margins between 68.5-69.5%. This outlook reflects confidence in continued traffic volume growth and the potential for ancillary revenue streams.
For investors, Salik's performance signals a resilient and growing enterprise, leveraging strategic initiatives to capitalize on Dubai's economic momentum. However, given the current valuation and market conditions, a prudent approach would be to hold the stock, monitoring for any significant developments or shifts in the economic landscape that could impact future performance.
Source
Summary
Salik Company PJSC, the exclusive toll gate operator in Dubai, reported a 38.6% year-on-year increase in revenue for the first nine months of 2025, reaching AED 2.28 billion. EBITDA rose by 42.0% to AED 1.58 billion, reflecting a 69.6% margin, while net profit increased by 39.1% to AED 1.14 billion, with a 50.3% margin. The company attributed its strong performance to the introduction of two new toll gates in November 2024, the implementation of variable pricing in January 2025, and a favorable macroeconomic environment. Total chargeable trips during this period reached 470.5 million. The company maintained its revenue growth guidance of 34-36% for the full year 2025, with expected EBITDA margins of 68.5-69.5%.
