Page 234 - SALIK PR REPORT AUGUST 2024

8/15/24, 9:42 AM Dubai’s Salik posts $148.32 million net profit in H1 2024 on 238.5
Dubai’s Salik posts $148.32 million net profit in H1 2024 on 238.5 million revenue-generating trips
This translated to total revenue of AED1.1 billion ($299.48 million)

Toll usage revenue accounting for 87.1 percent of the total, growing by 4.9 percent year-over-year to AED953.8 million. (Photo
Credit: Salik)
The Board of Directors of Salik Corporation PLC (Salik), Dubai’s exclusive toll operator, chaired
by Mattar Al Tayer, announced the Company’s financial performance for Q2 2024 and H1 2024.
During the first half of 2024, Salik generated a net profit after tax of AED544.8 million ($148.32
million).
Salik delivered a strong financial performance in the first half of 2024, recording 238.5 million
revenue-generating trips, an increase of 4.9 percent year-over-year. This translated to total revenue
of AED1.1 billion ($299.48 million), with toll usage revenue accounting for 87.1 percent of the
total, growing by 4.9 percent year-over-year to AED953.8 million.
The company’s EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) reached
AED738.4 million, up 6.5 percent year-on-year. Profit before tax also increased by 9.2 percent year-
on-year, reaching AED598.6 million.
Reflecting the robust financial results, the Company’s Board of Directors has approved an interim
dividend distribution of AED544.8 million, equivalent to 7.263 Fils per share, payable on 5
September 2024.
Diversifying revenue streams
The Chairman of the Board of Directors of Salik, Mattar Al Tayer, stated that the company was very
pleased with its performance during the first half of the year. Salik had experienced strong revenue
growth of 5.6 percent year-on-year, further supporting its ambition to become a global leader in
mobility solutions.

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