Salik Tolls Net Profit Soars Amid Network Expansion and Pricing Shift

Dubai-listed Salik Company PJSC delivered a compelling financial performance in the second quarter of 2025, with net profit leaping 50 per cent from a year earlier to AED 400 million. The company’s revenue for that quarter climbed to AED 776 million, marking a 46 per cent increase over the same period in 2024. The strengthening top and bottom line confirms the effectiveness of strategic initiatives introduced over the past six months.

Delivering results that build on the strong start to the year, Salik posted net profit of AED 771 million for the first half of 2025, a 42 per cent increase compared to the prior year’s corresponding period. Total revenues over this span surged 40 per cent year-on-year, reaching AED 1.5 billion.

This accelerated growth stems primarily from infrastructure expansion and dynamic pricing policies. Two new toll gates—Business Bay Crossing and Al Safa South—came into service in November 2024, offering a full quarter’s contribution in Q2. Variable toll pricing, phased in at the end of January 2025, has also played a major role in boosting both usage and revenue.

In the first quarter, Salik had already posted strong figures: revenue at AED 751.6 million, EBITDA rising 37.9 per cent to AED 519.6 million with a margin of 69.1 per cent, and net profit at AED 370.6 million, up 33.7 per cent. These figures affirmed that the combined effect of selective pricing and expanded gate capacity was yielding solid returns.

Variable pricing imposes a toll rate of AED 6 during peak periods, AED 4 in off-peak hours, and no charge during late-night hours—prompting a shift in usage patterns that has benefited Salik’s revenue structure. Traffic volumes rose notably in Q1; total trips rose by 35.1 per cent compared with the prior year, with chargeable trips reaching 158 million.

Ancillary revenue streams continue to complement core tolling income. The barrier-free parking solution at Dubai Mall, launched alongside the wider Emaar partnership, along with the Parkonic collaboration to enable integrated e-wallet payments at over 107 locations, began yielding early returns. Complementary services such as vehicle insurance renewal via Liva Group are small but growing parts of the revenue mix.

Comparing Q2 results to Q1 underscores a clear upward trajectory. The 50 per cent jump in net profit in Q2, versus 33.7 per cent in Q1, suggests that measures taken in late 2024 and early 2025 are accelerating performance gains across Salik’s business lines.

Salik’s performance is underpinned by robust macroeconomic conditions in Dubai, including tourism, population growth, and rising commercial activity, all of which support higher toll volumes. Looking ahead, the company reaffirms its full-year revenue guidance of 28–29 per cent growth and expects to maintain EBITDA margins in the 68–69 per cent range.