Page 343 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:01 PM Salik reports 6.2 percent rise in revenue to $446.75 million in first 9 months of 2024
Salik reports 6.2 percent rise in revenue to $446.75 million in first 9 months of 2024
The company expects total revenue and revenue-generating trips to rise by 7-8 percent in
2024

Salik has also announced its financial guidance for FY25, with total revenue growth forecasts at 25-26 percent year-on-year
Published: Wed 13 Nov 2024, 3:05 PM
Salik Company, Dubai’s exclusive tollgate operator, today announced its financial results for the
three-month and nine-month periods that ended September 30, 2024, revealing that it registered
355.6 million revenue-generating trips in the first nine months of 2024. This continued strong
performance drove revenue to AED1.64 billion ($446.75 million) in the first nine months of 2024,
up 6.2 percent annually.
Revenue from toll usage, comprising 86.7 percent of total revenue, rose 5.1 percent annually to
AED1.42 billion in the nine-month period, with third-quarter revenue from tolls increasing 5.7
percent annually to AED468.4 million.
“With our inaugural parking solution at Dubai Mall now in full swing, and the operation of the two
new toll gates starting on November 24, 2024, we remain encouraged by positive trends in Dubai’s
economy, which are supportive of our own growth,” stated Ibrahim Sultan Al Haddad, CEO of
Salik.
Profits rise to AED822 million
During the first nine months of 2024, Salik reported EBITDA of AED1.115 billion, up 8.9 percent
annually, and profit before tax of AED903.3 million, up 12.5 percent annually. The strong growth in
the nine-month period was driven by a double-digit year-on-year increase in EBITDA in the third

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