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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%.
Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, has initiated a comprehensive maintenance and readiness plan to prepare for the summer season in Dubai. This initiative aims to enhance the efficiency of its cooling plants and distribution networks to meet the increased demand due to rising temperatures, ensuring a stable indoor environment for residents and clients across various sectors. CEO Ahmad bin Shafar highlighted the significant rise in energy consumption during summer, with air conditioning accounting for 70% of energy use in buildings. Empower's district cooling systems use up to 50% less electricity than conventional methods, aligning with Dubai's sustainability goals to reduce electricity and water consumption by 30% by 2030. The preparations include maintenance, upgrades, and testing of smart monitoring systems to track performance and consumption in real time. Empower emphasizes innovation, sustainability, and support for Dubai's climate strategies, with teams working continuously to ensure system readiness and provide energy-efficient cooling solutions, thus reducing the carbon footprint and enhancing customer satisfaction.