Salik Records Nearly 40% Revenue Jump in H1 2025 After Toll Expansion and Variable Pricing

Dubai’s road-toll operator Salik has announced a significant rise in earnings for the first half of 2025, following the addition of two new toll gates in November 2024 and the introduction of variable pricing in January 2025.

The company reported total revenue of Dh1.527 billion, marking a 39.5% year-on-year increase, while net profit surged 41.5% to Dh770.9 million after taxes. The second-quarter revenue grew 45.6%, reflecting the first full impact of the new toll pricing system.

Strong Profitability and Operational Growth

Salik’s EBITDA, a key indicator of operating performance, reached Dh1.065 billion, up 44.2%, with an EBITDA margin of 69.7%, highlighting efficient operations and strong profit margins.

The total number of trips through Salik toll gates rose 39.6% year-on-year to 424.2 million, including discounted trips. Chargeable trips in Q2 hit 160.4 million, slightly up from Q1, fueled by a 46.7% jump in peak-period trips. Free post-midnight trips also increased 46.8% to 16.4 million.

Toll fees climbed 42.3% to Dh1.357 billion, with Q2 alone generating Dh691.3 million, thanks to variable pricing and the new gates. Fines revenue increased 15.7% to Dh134.3 million, while tag activation fees rose 16.2% to Dh22.9 million.

Dividend and Updated Outlook

In light of the strong performance, the board recommended a cash dividend of Dh770.9 million, equivalent to 10.278 fils per share, representing the full H1 profit.

Mattar Al Tayer, Salik’s Board Chairman, said the company has upgraded its full-year 2025 revenue forecast to 34–36% growth, up from the previous 28–29%, with expected EBITDA margins of 68.5–69.5%.

CEO Ibrahim Sultan Al Haddad highlighted that Salik’s performance is supported by population growth, rising tourism, and increased infrastructure spending. Dubai’s tourism between January and May grew 7%, with hotel occupancy rising to 83%, reinforcing demand for toll services.

“With strong visibility into the second half of 2025, we remain confident in Salik’s continued growth trajectory,” Al Haddad said.