Salik reports strong financial performance in 2024 with AED2.3 billion in revenue

Salik, Dubai’s exclusive tollgate operator, has announced robust financial results for 2024, recording an 8.7% increase in total revenue, reaching AED2.3 billion ($626 million). The company’s EBITDA rose 13.6% year-on-year, reaching AED1.6 billion ($436 million).

Net profit before taxes stood at AED1.28 billion ($348 million), reflecting a 16.6% increase, while net profit after taxes reached AED1.16 billion ($449 million), marking a 6.1% year-on-year growth.

Dividend payout and operational growth

Following the strong performance, Salik’s Board of Directors has proposed a dividend payout of AED619.8 million ($169 million) for H1 2025, equating to 8.2645 fils per share. This brings the total dividend for 2024 to AED1.16 billion ($449 million)—100% of the company’s net profit for the year.

Operationally, Salik reported 498.1 million revenue-generating trips, an 8% increase year-on-year, driven by the introduction of two new toll gates.

Strategic expansion and future outlook

Mattar Al Tayer, Chairman of Salik, highlighted the company’s record profitability and expansion milestones, including the launch of new toll gates and the formation of strategic partnerships aimed at positioning Salik as a leader in sustainable and smart mobility solutions.

Ibrahim Sultan Al Haddad, CEO of Salik, expressed confidence in Dubai’s economic growth, announcing an upward revision of the company’s FY25 revenue guidance, now projecting a 28-29% increase compared to FY24.

Salik’s performance reflects Dubai’s expanding mobility infrastructure, reinforcing its role in shaping the emirate’s future transport landscape.