Salik Company PJSC

Salik Company P.J.S.C. has released its condensed interim financial statements for the three-month period ending on March 31, 2025. These statements are unaudited.

Salik Company PJSC, Dubai's exclusive toll gate operator, reported its financial results for Q1 2025, showing a 33.7% increase in total revenue year-over-year to AED 751.6 million. EBITDA rose 37.9% to AED 519.6 million, with a margin of 69.1%. Net profit increased by 33.7% to AED 370.6 million, with a stable margin of 49.3%. The total number of chargeable trips reached 158 million, supported by variable pricing and the launch of two new toll gates. Active registered accounts grew by 7.3% to 2.64 million. Salik's management expressed optimism for continued growth, maintaining their full-year guidance of 28-29% revenue growth and an EBITDA margin of 68-69%.

Salik PJSC will hold an analyst conference on Tuesday, May 13, 2025, at 12:00 PM to discuss its interim condensed (reviewed unaudited) financial statements for the period ending March 31, 2025. The presentation will be available on the company's website on the day of the meeting. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, CEO of Salik PJSC.

The Board of Directors of Salik Company PJSC is scheduled to hold a meeting on Tuesday, May 13, 2025, at 8:00 AM. The agenda includes reviewing and approving the interim condensed financial statements for the period ending March 31, 2025, establishing an investment committee, and discussing other regular business matters. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ibrahim Sultan Al Haddad, CEO of Salik Company.

Salik Company PJSC, Dubai's exclusive toll gate operator, has signed a Memorandum of Understanding with ENOC Group to develop smart payment solutions at ENOC service stations. This partnership aims to enhance customer experience by integrating seamless payment options for fuel and services, using Automatic Number Plate Recognition technology. The payments will be deducted from the customer's Salik e-wallet. This collaboration is part of both companies' digital transformation efforts, aiming to improve operational efficiency and reduce reliance on traditional payment methods. The initiative also supports Salik's ancillary revenue growth.

On April 21, 2025, a letter was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, the CEO of Salik Company PJSC. The letter announced that the Board of Directors of Salik Company is scheduled to meet on Friday, April 25, 2025, at 8:00 AM. The agenda for the meeting includes the election of the Chairman and Vice-Chairman of the Board, the formation of the Audit Committee and the Nomination and Remuneration Committee, and the discussion of other regular business matters.

Salik Company PJSC announced the list of candidates for its board membership for the 2025-2028 term. The nomination period was from March 7 to March 17, 2025, and the applications were reviewed by the Nomination and Remuneration Committee in compliance with relevant laws and the company's Articles of Association. The company received a significant number of applications, demonstrating strong interest from shareholders and the public. The list includes 17 candidates, with a mix of non-executive, independent, and executive nominees, featuring both male and female candidates.