Page 333 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:00 PM Salik posts Dhs822 million net profit in 9 months

The company's third quarter profit after tax increased by 8.8 percent YoY to Dhs277.3 million.

It also posted 5.1 percent YoY growth in revenue-generating trips in nine-months of 2024, reaching
355.6 million.

Mattar Al Tayer, Chairman of the Board of Directors of Salik, said, "Our performance in the first nine-
months of 2024 is a testament to our robust business model and commitment to enhancing mobility

in Dubai. We made further strategic progress in the third quarter, having officially launched our
parking partnership with Emaar to provide parking solutions at Dubai Mall, a key initiative to diversify
our revenue base that is already contributing positively to our financial performance.

On 24th November we will be commencing operations of the Business Bay Crossing and Al Safa
South gates. The launch of the two new gates is a continuation of the RTA's strategic plan, aimed at
enhancing road networks and facilities, public transport lines and services with the aim of improving
the flow of traffic across the Emirate of Dubai, further strengthening Dubai's position as a leading
global destination."

Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, commented, "Our results for the nine-
month period ended 30th September 2024 were bolstered by strong performance in the third quarter,
with revenue-generating trips increasing 5.7 percent year-on-year, along with very robust profitability.

On this basis, we are pleased to reiterate our recently upgraded guidance for FY24, expecting
revenue growth to increase by 7-8 percent compared to FY23, particularly in view of Q4 typically
being a seasonally stronger quarter for Salik. We also expect this good growth momentum to
continue into next year, with revenue-generating trips expected to increase in the range of 24-25
percent in FY25, including the contribution from the two new gates."

Registered active accounts increased 7.1 percent YoY to c.2.5 million in the nine months of 2024

from c.2.3 million in the nine-month period of 2023.

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