Dubai’s exclusive toll gate operator, Salik Company PJSC, reported significant financial growth for the first nine months of 2025. The firm announced an increase in total revenue by 38.6% year-on-year to AED 2.28 billion, with a net profit rising by 39.1% to AED 1.14 billion.
Salik’s impressive results were supported by the addition of two new toll gates late last year and a shift to variable pricing that took full effect at the start of 2025. Total chargeable trips climbed to 470.5 million, which contributed to a broader increase of 38.3% in overall trips, reaching 628.4 million.
Salik also reported a firm financial position with net debt at AED 5.34 billion, maintaining a leverage ratio of 2.61 times EBITDA. Their free cash flow increased by 39.5% year-on-year to AED 1.47 billion, reflecting a healthy margin of 64.7%. This financial sturdiness allows Salik to publicly reaffirm its expectations for a 34-36% revenue growth for the year.
Ancillary revenues also grew, with a notable 8% rise attributed to partnerships with major players like Emaar Malls, Parkonic and Liva Group, indicating diversification in revenue streams beyond toll collections. Salik and Parkonic collaborated on an AI-powered parking network across Dubai.
HE Mattar Al Tayer, Chairman of Salik, highlighted that the robust performance underscores Dubai’s economic resilience and the scalability of Salik’s business approach. Revenue rose substantially, paralleled by a 42% growth in toll usage fees.
Further emphasising its forward trajectory, Salik formed a tie-up with Schneider Electric and Vcharge to enhance their e-wallet systems, integrating them with electric vehicle charging networks. This signals the company’s commitment to supporting sustainable transportation solutions and adapting to technological advancements.
