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11/14/24, 2:00 PM Salik signals stronger growth ahead as profits surge | The National

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Salik's revenue-generating trips grew 5.7 per cent year-on-year to 117.1 million in the September quarter. Chris
Whiteoak / The National

Business Markets
Salik signals stronger growth ahead as profits surge

Revenue from fines topped $47.6m in first nine months, with 670,000 violations in last quarter

Alvin R Cabral
November 13, 2024

Dubai road toll operator Salik has recorded a nearly 9 per cent rise in its third-quarter profit afte
tax, underpinned by a growth in revenue-generating trips that are expected to rise further next
year.

This is also expected to help boost the company's bottom line, alongside the opening of two ne
toll gates this month.

Net profit in the three months until the end of September climbed 8.8 per cent annually to
Dh277.3 million ($75.5 million), the company said on Wednesday in a filing to the Dubai Financ
Market, where its shares trade.

Revenue for the quarter increased 7.3 per cent to Dh546.1 million, with earnings before interes
taxes, depreciation and amortisation (ebitda) jumping 14 per cent to Dh376.7 million. Toll use
revenue rose 5.7 per cent annually to Dh468.4 million, while revenue from fines and penalties i
the third quarter rose almost 8 per cent to Dh58.7 million. The number of net violations grew 0.
per cent to hit about 670,000 during the quarter.

For the first nine months of the year, net profit was up 2.4 per cent annually at Dh822 million,
with revenue 6.2 per cent higher at Dh1.64 billion. Toll use revenue grew 5.1 per cent on an
annual basis to Dh1.42 billion.

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