Salik saw H1 revenue hit AED1.1bn ($300m) in 2024, according to a report by Dubai’s exclusive toll gate operator.
Salik delivered very healthy financial performance in the first half of 2024, registering 238.5m revenue-generating trips which increased by 4.9 per cent YoY to record a total revenue of AED1.1bn.
Revenue from toll usage, comprising 87.1 per cent of total revenue, rose by 4.9 per cent YoY to AED953.8m ($260m).
Salik revenue 2024
During the first half of 2024, Salik reported EBITDA of AED738.4m, up 6.5 per cent year-on-year, and profit before tax of AED598.6m, up 9.2 per cent year-on-year.
Salik generated net profit after tax of AED544.8m during the same period. In view of the strong financial results, the Company’s Board of Directors approved an interim dividend distribution of AED544.8m, equivalent to 7.263 Fils per share, payable on 5 September 2024.
Mattar Al Tayer, Chairman of the Board of Directors of Salik, said: “We are very pleased with our performance during the first half of the year, with strong revenue growth of 5.6 per cent year-on-year, further supporting our ambition to become a global leader in mobility solutions.
“Since the beginning of 2024, we have focused on expanding our core tolling business while diversifying our revenue streams through new strategic initiatives. The addition of two new toll gates in Dubai, scheduled to be operational by the end of November 2024, and our recent parking solutions partnership with Emaar Malls, which became operational in July this year, underscore our commitment to diversification and growth.
“These initiatives further support the company’s ability to continue creating value for all stakeholders while directly supporting Dubai’s position as a leading destination to visit, live and work.”
Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, said: “We are delighted to report another very robust quarter, with Salik’s performance a clear demonstration of the resilience of our business model and our commitment to enhancing mobility in Dubai.
“The increase in revenue-generating trips and active accounts achieved in Q2 2024 reflects our strategic efforts to meet growing demand for efficient transportation. Dubai continues to strengthen its position as a global tourism hub, attracting more international visitors than ever before.
“The city continues to attract new residents and businesses, and we are proud to play a pivotal role in making Dubai one of the most accessible cities in the world.”
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