Image: WAM/ For illustrative purposes
Salik Company reported a 39.5 per cent year-on-year increase in revenue to Dhs1.53bn for H1 2025, driven by new gates and the rollout of variable pricing.
EBITDA rose 44.2 per cent in the six-month period to Dhs1.07 bn, with an EBITDA margin of 69.7 per cent, the company said in a statement last week.
Net profit was Dhs770.9m, a 41.5 per cent rise.
Revenue in the second quarter alone climbed 45.6 per cent.
Salik performance boosted by two new toll gates
The performance was supported by two new toll gates introduced in November 2024 and the launch of variable pricing at the end of January 2025, with Q2 2025 marking the first full quarter of the new system.
Salik’s tolling business recorded 318.4 million chargeable trips in H1 2025, including 160.4 million trips in Q2, up 1.6 per cent from 158.0 million in Q1.
The company noted that Q1 is typically a stronger period, with traffic also redistributed during Ramadan.
In view of the results, Salik’s board recommended a cash dividend of Dhs770.9 m, equivalent to 10.278 fils per share, representing 100 per cent of H1 2025 profit.
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