Page 367 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:05 PM Dubai’s Salik Sees 9% Rise in Q3 Net Profit Driven by Business Expansion
PC: Gulf News

Comparative Revenue Growth: Revenue growth

versus Q3 Last Year

Third-quarter revenues for Salik grew by 8.4 per cent to AED 546 million as

compared to the corresponding period of last year at AED 505.8 million. It

reflects the success of the toll operator in extracting value from the ever-

changing dynamics of the city’s traffic flow and the expansion of the

infrastructural base. Even as Dubai continued its focus on infrastructure and

mobility solutions, Salik has ensured increased volumes of vehicles and road

usage, thereby giving a boost to the impressive revenue performance.

FY 2025 Guidance: New Gates to Fuel 25-26%

Revenue Growth

Salik has announced its earnings outlook for the fiscal year 2025, forecasting a

year-over-year revenue growth between 25% and 26%. This optimistic

projection reflects the anticipated financial impact of two new toll gates

scheduled to become operational on November 24, 2024. The introduction of

these new toll gates aligns with Dubai’s recently updated policy focused on

enhancing its road infrastructure and traffic management system. Salik expects

that these new additions to its toll network will contribute to a steady rise in

revenue in the coming years, reflecting the city’s commitment to improving

traffic flow and road efficiency.

Stable Outlook for FY 2024

Salik’s outlook for FY 2024 remains stable, and no adjustments were made to

its initial guidance. The company expects total revenue and revenue-generating

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