Salik Company announced a substantial revenue growth of 39.5% year-over-year, reaching Dhs1.53 billion for the first half of 2025, primarily due to the introduction of new gates and the implementation of variable pricing strategies.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 44.2% during this six-month period, amounting to Dhs1.07 billion, resulting in an EBITDA margin of 69.7%, according to a statement issued by the company last week.
The company’s net profit also saw a notable increase, totaling Dhs770.9 million, which is a rise of 41.5% compared to the previous year.
For the second quarter alone, revenue escalated by 45.6%.
Impact of New Toll Gates on Salik’s Performance
The increase in performance can be attributed to the addition of two new toll gates that were established in November 2024, along with the rollout of variable pricing that commenced at the end of January 2025. The second quarter of 2025 marked the initial full quarter of the implemented pricing structure.
During the first half of 2025, Salik’s tolling operations recorded a total of 318.4 million chargeable trips, which included 160.4 million trips in the second quarter, representing a 1.6% increase from 158.0 million trips in the first quarter.
The company highlighted that the first quarter typically experiences a higher volume of traffic, and variations in traffic patterns were noted during Ramadan.
In response to these positive results, Salik’s board has proposed a cash dividend of Dhs770.9 million, translating to 10.278 fils per share, which corresponds to 100% of the profit reported for the first half of 2025.
Update: Salik has completed a deal with ENOC to facilitate smart payment options at fuel stations