Salik Company, Dubai’s exclusive toll gate operator, announced today its financial results for Q2 2025 and H1 2025, achieving a total revenue of AED1.527 billion ($416.6 million) in the first half, up 39 percent annually. This growth was supported by a 45.6 percent surge in revenue in Q2 2025.
The company’s EBITDA grew 44.2 percent in H1 2025 to AED1.06 billion with an EBITDA margin of 69.7 percent. The solid results were driven by the two new gates introduced in November 2024, amidst an overall positive macro environment and the implementation of variable pricing, which came into effect at the end of January 2025, with Q2 marking the first full quarter of the new variable pricing system.
“Salik’s strong performance in the first half of 2025 underscores the strength of its resilient business model and high operational efficiency. During this period, the company achieved a 39.5 percent year-on-year increase in total revenue, further solidifying its robust financial position. This performance reaffirms our continued commitment to delivering long-term value for shareholders while supporting Dubai’s vision of becoming a global leader in smart and sustainable mobility,” said His Excellency Mattar Al Tayer, chairman of the Board of Directors of Salik.
Total chargeable trips hit 318.4 million in H1 2025
In Salik’s core tolling business, total chargeable trips reached 318.4 million in H1 2025, with total chargeable trips of 160.4 million in Q2 2025, a 1.6 percent increase compared to 158.0 million in Q1 2025. This was despite Q1 being a seasonally stronger period for Salik compared to Q2, alongside the redistribution of traffic during the Ramadan period in Q1.
Toll usage fee performance was strong during the first half, increasing 42.3 percent to AED 1.356 billion, with toll usage fees growing 49.4 percent annually to AED691.3 million in Q2 2025. The increase in toll fees was primarily due to the first full quarter impact of the new variable pricing structure introduced at the end of January 2025, alongside the introduction of the two new gates.
Salik’s revenue from fines also increased 15.7 percent to AED134.3 million in the first half, with fines growing 15.2 percent to AED65.9 million in Q2 2025. The number of net violations grew by 20.3 percent in Q2 2025, reaching 808,500 and representing 0.4 percent of net toll traffic, with revenue from fines contributing 8.5 percent to total revenue in Q2 2025.
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Board recommends cash dividend of AED770.9 million
In view of the strong first half results, the Board of Directors has recommended a cash dividend of AED770.9 million, equivalent to 10.278 fils per share, representing 100 percent of H1 2025 profit.
“We continue to benefit from the Emirate’s economic momentum, bolstered by sustained growth in tourism, real estate, and infrastructure spending. Building on this, and with continued progress across both our core tolling operations and ongoing success in expanding our ancillary revenue streams, we are pleased to be upgrading our full-year 2025 guidance,” Al Tayer added.
Salik also revealed that it has upgraded its total revenue growth forecast from 28-29 percent to 34-36 percent for FY25, including the impact of the two new gates introduced in November 2024 and the implementation of variable pricing.
The EBITDA margin guidance was also updated and is expected to be in the range of 68.5-69.5 percent compared to the previous range of 68-69 percent.
