Page 370 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:05 PM Dubai’s Salik reports Dh822M 9 month profit, fine revenue reaches Dh174.8M
by 19.6% year-on-year to Dh304.7 million.

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

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In the third quarter, revenue grew by 6.2% year-on-year, driven by increased toll usage, fines, and
tag activation fees. The toll operator registered 355.6 million trips in the first nine months of 2024,
marking a 5.1% year-on-year increase in revenue-generating trips. Q3 revenue from toll usage fees
rose by 5.1%, with Jebel Ali’s toll gates seeing a 16% rise, and other gates such as Airport Tunnel
and Al Safa showing growth of approximately 9% and 7%, respectively.

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Fines contributed significantly to Salik’s Q3 revenue, with a 7.9% increase bringing the total to
Dh58.7 million. Year-to-date, revenue from fines reached Dh174.8 million, a 7.6% increase from
the previous year, with fines making up 10.7% of total revenue. Net violations in Q3 accounted for
0.4% of total toll traffic.

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