Dubai’s Salik Reports 35% Revenue Growth in FY 2025 Results

Salik Company PJSC, Dubai’s exclusive toll gate operator, has reported strong financial and operational results for the full year ended December 31, 2025, highlighting robust growth in revenue, trips, and profitability as the emirate’s economy continues to expand.

The company recorded total revenue of AED 3.09 billion in FY 2025, marking a 35.1% increase compared with the previous year. Growth was supported by a 26.3% rise in revenue during the fourth quarter of 2025, reflecting higher traffic volumes and the impact of strategic initiatives implemented throughout the year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 2.14 billion for the year, representing a 35.8% year-on-year increase and delivering a strong EBITDA margin of 69.2%. The results underscore the resilience of Salik’s business model and its ability to generate sustained growth amid Dubai’s dynamic economic environment.

According to company data, total chargeable trips across Salik’s toll network reached 639.1 million during FY 2025. Of these, 168.6 million trips were recorded in the fourth quarter alone, highlighting continued demand for road mobility across the emirate.

Chairman Mattar Al Tayer said the company achieved significant strategic progress alongside its financial growth during the year. He noted that the introduction of two new toll gates in November 2024, combined with the rollout of a variable pricing system in January 2025, played a key role in boosting revenue and improving operational efficiency.

Al Tayer emphasized that the rise in toll trips reflects Dubai’s broader economic expansion, supported by population growth, increased commercial activity, and strong tourism performance. He added that Salik remains an important component of the emirate’s smart mobility ecosystem, operating a flexible and scalable model aligned with Dubai’s long-term development plans.

Beyond tolling, the company also expanded ancillary revenue streams through partnerships with several organizations, strengthening its integrated mobility platform. These collaborations support additional services such as parking payments and digital mobility solutions.

Chief Executive Officer Ibrahim Sultan Al Haddad said Salik’s operating model continues to deliver strong results as the company pursues its strategic growth ambitions. Total trips through Salik gates, including discounted trips, rose by 33.6% year-on-year to reach 852.7 million in FY 2025. In the fourth quarter, trips increased 22% to 224.3 million.

Toll usage fees remained the primary driver of revenue, increasing 37.3% year-on-year to AED 2.73 billion. In the fourth quarter alone, toll revenue climbed 27% to AED 724 million. The increase was largely attributed to the benefits of variable pricing, along with the additional traffic generated by the newly operational toll gates.

Revenue from fines totaled AED 280.6 million in FY 2025, accounting for 9.1% of overall revenue, while tag activation fees reached AED 46.9 million following growth in registered vehicles using Salik tags.

Ancillary revenue also showed notable growth, rising to AED 24 million for the year—more than triple the amount recorded in 2024. The increase was driven primarily by parking payment partnerships with Emaar Malls and Parkonic, as well as continued collaboration with Liva Group.

Profitability remained strong throughout the year. Net profit before tax reached AED 1.71 billion, up 33.4% year-on-year, while net profit after tax totaled AED 1.55 billion. In the fourth quarter, net profit after tax rose 19.6% to AED 409.6 million.

Looking ahead, the company plans to further expand its role in Dubai’s mobility infrastructure. A recently signed 10-year agreement with Dubai Airports is expected to support the next phase of Salik’s development. The company is also exploring future-focused mobility initiatives, including electric vehicle charging partnerships with Schneider Electric and Vcharge, along with seamless fuel and service payment solutions in collaboration with ENOC.

Reflecting the strong performance in FY 2025, Salik’s board of directors has proposed a total dividend of AED 890.3 million to be paid during the first half of 2026. The distribution includes a cash dividend of AED 782.5 million and a special dividend of AED 107.8 million, equivalent to 11.8712 fils per share.

Company leadership expressed confidence in Dubai’s economic outlook, citing continued population growth, tourism strength, and expanding mobility demand as key factors expected to support Salik’s performance in the coming years.