emirates7 - Salik Company, Dubai’s exclusive toll gate operator, has released its financial results for the first quarter of 2025 (Q1 2025), showing significant growth. The company’s total revenue for Q1 surged by 33.7% year-on-year (YoY), reaching AED751.6 million.
EBITDA for Q1 rose by 37.9% YoY to AED519.6 million, while the company’s core tolling business saw total chargeable trips hit 158.0 million. This was driven by the implementation of variable pricing at the end of January 2025 and the opening of two new toll gates in November 2024.
The EBITDA margin for Q1 2025 stood at 69.1%, a 210 basis point (bps) increase compared to 67.1% in Q1 2024, and also higher than the 68.9% margin seen in the full year of 2024. This growth in margin was supported by strong revenue performance during the quarter.
Salik’s net profit before tax for Q1 2025 was AED407.2 million, reflecting a 33.6% YoY increase.
Mattar Al Tayer, Chairman of Salik’s Board of Directors, commented that the company’s impressive Q1 performance is a result of its focus on delivering long-term value to shareholders, as well as Dubai’s strong economic growth, driven by the emirate's leadership. He also expressed optimism for the company’s future growth, including an expected annual revenue increase of 28-29%, driven by business diversification, expansion outside Dubai, and new partnerships to enhance customer experience.
Ibrahim Sultan Al Haddad, Salik’s CEO, highlighted the company’s positive momentum, particularly in its core tolling business, thanks to the new toll gates and the growth of its parking partnerships with Emaar Malls and Parkonic, which together generated AED2.8 million in revenue in Q1 2025.
EBITDA for Q1 rose by 37.9% YoY to AED519.6 million, while the company’s core tolling business saw total chargeable trips hit 158.0 million. This was driven by the implementation of variable pricing at the end of January 2025 and the opening of two new toll gates in November 2024.
The EBITDA margin for Q1 2025 stood at 69.1%, a 210 basis point (bps) increase compared to 67.1% in Q1 2024, and also higher than the 68.9% margin seen in the full year of 2024. This growth in margin was supported by strong revenue performance during the quarter.
Salik’s net profit before tax for Q1 2025 was AED407.2 million, reflecting a 33.6% YoY increase.
Mattar Al Tayer, Chairman of Salik’s Board of Directors, commented that the company’s impressive Q1 performance is a result of its focus on delivering long-term value to shareholders, as well as Dubai’s strong economic growth, driven by the emirate's leadership. He also expressed optimism for the company’s future growth, including an expected annual revenue increase of 28-29%, driven by business diversification, expansion outside Dubai, and new partnerships to enhance customer experience.
Ibrahim Sultan Al Haddad, Salik’s CEO, highlighted the company’s positive momentum, particularly in its core tolling business, thanks to the new toll gates and the growth of its parking partnerships with Emaar Malls and Parkonic, which together generated AED2.8 million in revenue in Q1 2025.