Salik’s 2024 Revenue Climbs 8.7% to AED 2.3 Billion Amid Strategic Expansions

Dubai’s exclusive toll gate operator, Salik, reported a net profit of AED 1.16 billion for the fiscal year ending December 31, 2024, reflecting a 5.6% increase from the previous year’s AED 1.1 billion. The company’s total revenue grew by 8.7% year-on-year, reaching AED 2.3 billion, up from AED 2.1 billion in 2023.

Earnings before interest, taxes, depreciation, and amortisation for the full year amounted to AED 1.6 billion, marking a 13.6% rise compared to the prior year. In the fourth quarter alone, Salik’s revenue surged by 15.6% year-on-year to AED 651 million, while net profit for the same period was AED 342.5 million, a 16% increase from the corresponding quarter in 2023.

The company’s Board of Directors has proposed a dividend of AED 619.8 million, to be disbursed in the first half of 2025, reflecting Salik’s commitment to delivering value to its shareholders.

Salik’s robust financial performance in 2024 is attributed to strategic initiatives, including the introduction of two new toll gates. On November 24, 2024, the company activated toll gates at Business Bay Crossing on Al Khail Road and Al Safa South on Sheikh Zayed Road, between Al Meydan and Umm Al Sheif streets. These additions aimed to enhance traffic management and generate additional revenue streams.

The implementation of these toll gates has contributed to increased revenue, as evidenced by the significant growth in the fourth quarter. The Business Bay Crossing toll gate, in particular, has been instrumental in managing traffic flow on Al Khail Road, a major arterial route in Dubai.

In addition to expanding its toll network, Salik has focused on operational efficiencies and customer service enhancements. The company has invested in advanced technologies to streamline toll collection processes, reduce operational costs, and improve the overall user experience for motorists. These efforts have not only bolstered financial performance but also reinforced Salik’s reputation as a reliable toll operator in the region.

Looking ahead, Salik projects a revenue growth of nearly 30% in 2025, driven by the full-year impact of the new toll gates and the introduction of variable usage rates. The company plans to implement dynamic pricing strategies to optimise traffic distribution across its network, thereby enhancing revenue potential and alleviating congestion on key routes.

Salik’s strategic initiatives align with Dubai’s broader transportation goals, which include reducing traffic congestion and promoting the use of alternative transport modes. By effectively managing toll operations and contributing to infrastructure development, Salik plays a pivotal role in supporting the emirate’s vision for a sustainable and efficient transportation system.